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| Category | Type of Income | Up to 07 Years (p.a.) | 7-10 years (p.a.) | Above 10 years(p.a.) |
|---|---|---|---|---|
Category 01 |
Salaried income or professional income |
15.00 % |
15.75 % |
17.00 % |
Category 02 |
Other than Salaried Income (Business and Foreign Employment etc.) |
16.00 % |
17.00 % |
N/A |
| Category | Type of Income | Up to 07 Years (p.a.) | 7-10 years (p.a.) | Above 10 years(p.a.) |
|---|---|---|---|---|
Category 01 |
Salaried income or professional income |
16.25 % |
18.00 % |
18.50 % |
Category 02 |
Other than Salaried Income (Business and Foreign Employment etc.) |
17.00 % |
18.00 % |
N/A |
| Loan Category | Period / Amount | Revised Rate (p.a) |
|---|---|---|
EPF Loans |
Up to 05 years |
16.50 % |
Up to 10 years |
17.25 % |
|
Up to 15 years |
18.50 % |
|
| Personal Loans | ||
Private Sector Employees |
Up to 05 years |
17.50 % |
Up to 07 years |
18.50 % |
|
Up to 05 years |
20.50 % |
|
Up to 07 years |
21.00 % |
|
| Business Loan (Up to 5 years) | ||
Code No 828 |
Against movable or immovable property |
16.00 % |
Code No 829 |
Against individual or director personal guarantor |
20.50 % |
| Business Development Loan to individual and corporate clients | ||
Loans granted for herbal plantation and related activities / organic fertilizer manufacturing and related activities (Code No 878) |
Against movable or immovable property |
16.00 % |
Loans granted for herbal plantation and related activities / organic fertilizer manufacturing and related activities (Code No 879) |
Against individual or director personal guarantor |
20.50 % |
Low Income Group |
Up to 05 years |
20.50 % |
Vehicle Loan |
Up to 05 years |
20.50 % |
Up to 07 years |
20.50 % |
|
Loan Scheme for Micro, Small and Medium enterprises |
- |
20.50 % |
Supplementary Festival / Salary Advance Loan Scheme |
- |
19.50 % |
Rate applicable up to 31.12.2024. Reprising to take effect from 01.01.2025 onwards.
| Customer Category | Privilege | Gold | Silver | Reprising | ||
|---|---|---|---|---|---|---|
| Group Code | Loan Category | Base Rate(AWPLR) | Minimum Margin based on Risk Rating | |||
| AA and above | A,BBB,BB | B & Below | ||||
832 |
EPF Loans |
03 months AWPLR |
15.25% |
15.50% |
16.00% |
Annually 01st Jan Of each year (First repricing date is 01.01.2025) |
833 |
Mortgage Loans |
14.00% |
14.50% |
15.50% |
||
834 |
Personal Loans |
17.25% |
17.50% |
17.75% |
||
835 |
Personal Mortgage |
15.50% |
15.75% |
16.00% |
||
838 |
Vehicle Loans (Mortgage) |
19.00% |
19.50% |
20.00% |
||
Floor Rate applicable for retail category and Business category loans is 14.00% p.a.
| Loan category | Condition Applied |
|---|---|
EPF & Estate Loans |
Maximum up to l5 years. |
Mortgage Loans |
Period restricted based on type of income |
Personal Loans |
Maximum up to 07 years |
Personal Mortgage |
Period restricted to type of income |
Vehicle Loans(Mortgage) |
Maximum up to 07 years |
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LRA Ratings BBB | State Mortgage & Investment Bank is a Licensed Specialized Bank Supervised by the Central Bank of Sri Lanka.
Head Office
No. 269, Galle Road, Colombo 03, Sri Lanka.
Banking Hours
Monday - Friday
8:30am - 3:30pm
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