State Mortgage & Investment Bank

1. Fixed Interest Rates

1.1. Mortgage Loans

Category	Type of Income	Rates
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	14.75 %	16.00 %	17.00 %
Category 02	Other than Salaried Income	16.00 %	17.00 %	N/A

^*Professional Income - Income generated through an acceptable professional qualification as directed by the bank

1.1.1. If a loan is considered with a combination of salaried and non-salaried income and net salary is sufficient to cover full EMI which is directly remitted by applicant's employer / remitted by a standing order to SMIB, interest rates in Category 01 should be applied. Otherwise Category 02 rates should be applied.

1.2. Personal Property Mortgage Loans

Category	Type of Income	Rates
Category	Type of Income	Up to 07 Years ( p.a. )	Up to 10 Years ( p.a. )	Up to 15 years ( p.a. )
Category 01	Salaried income or professional income^*	16.00 %	17.00 %	18.00 %
Category 02	Other than Salaried Income	17.00 %	18.00 %	N/A

^*Professional Income - Income generated through an acceptable professional qualification as directed by the bank

1.2.1. If a loan is considered with a combination of salaried and non-salaried income and the total EMI of the proposed Loan / net salary sufficient to cover full EMI is directly remitted to SMIB from salaried applicant's employer, interest rates in Category 01 should be applied. Otherwise Category 02 rates should be applied.

1.3. EPF Loans

Loan Category	Period / Amount	Rate (p.a)
EPF	Up to 05 years	16.75 %
	Up to 10 years	17.75%
	Up to 15 years	18.50 %

1.4. Personal Loans

Loan Category	Period / Amount	Rate (p.a.)
Personal Loans
Professionals^* Employees in Government/Semi Government Institutions.	Up to 5 years	16.50 %
	Up to 7 years	17.50 %
	Up to 10 years	18.00 %
Private Sector Employees	Up to 5 years	18.50%
Private Sector Employees	Up to 7 years	19.00%

^*Professional Income - Income generated through an acceptable professional qualification as directed by the bank.

1.5. Low Income Owners

Loan Category	Period / Amount	Rate (p.a.)
Mortgage Loan (LN.GM.LOW.INCOME)	Up to 10 years	17.00 %
Personal Loan (LN.PL.LOW.INCOME)	Temporary suspended until further notice.

^*Maximum repayment period restricted up to 10 years.

1.6. Sustainable Finance - SMIB ECO Loan

Loan Category	Rate (p.a.)
Property Mortgage Loan	14.00 %
Mortgage over Unit + Personal Guarantor	16.50 %
Personal Guarantor	17.00 %

1.7. Pensioner’s Loan Scheme

Category	Rates
Category	1 - 3 Years (p.a.)	3 - 5 Years (p.a.)	5 Years & Above (p.a.)
Secured	13.75 %	14.50 %	15.00 %
Unsecured	15.00 %	15.50 %	16.50 %

1.8. Business Loans

Loan Category	Security	Rate (p.a)
Business Development Loan (Including herbal plantation and/ organic fertilizer manufacturing and related activities) (LN.MSME.CORPORATE,LN.MSME.SME)	Against movable or immovable Assets/Property	Up to 05 Years 14.75%	Up to 07 years 16.00%
	Against individual or director personal guarantor or other collateral types	Up to 05 Years 16.00%	Up to 07 years 17.00%
Micro Loans Circular No 631 & Amendments thereto (LN.SME.MICRO)	Mortgage, Other than Mortgage	Temporary suspended until further notice
MSME Special Loan Circular No 777 & Amendments thereto (LN.MSME.MSME)	Mortgage, Other than Mortgage	15.75% 17.00%	Refer ECC^*
Dheewara Diriya Loans Circular No 917 & Amendments thereto (LN.MSME.DHEEWARA.DIRIYA)	Mortgage, Other than Mortgage	Up to 5 years 15.00% 16.25%	Up to 7 years 15.50% 17.25%

1.8.1.Refinance and Subsidy Loans (Government Fund Loans)

Rate published by the relevant authorities from time to time will be applied accordingly. For refinance loans, the Bank’s general interest rate will be applied from the date of disbursement until the date the Bank recives funds from the relevant authorities. Until such funds are received, the applicable general interest shall be either fixed of fully floating rate, determined as per the approved lending rates.

1.9. Vehicle Loans

Loan Category	Period/ Amount	Rate (p.a.)
Vehicle Loan (Mortgage)	Up to 03 years	15.00%
Vehicle Loan (Mortgage)	Up to 06 years	17.00%

1.10. Supplementary Festival/ Salary Advance Loan Scheme

Loan Category	Period/ Amount	Rate (p.a.)
Supplementary Festival/ Salary Advance Loan Scheme (LN.PL.FESTIVAL.ADV)	12 months	17.00%

2. Variable Interest Rates

2.1 Retail Category Loans

2.1.1. Hybrid Rates

Fixed Rate for first 12M/24M (01/02 Years), Floating thereafter.

Fixed rate applicable for the first 01/02 years from date of the first disbursement of the loan. After completion of the first two/three years, loans will be repriced as follows.

Loan Category	Fixed for 1st 12 Months	Fixed for 1st 24 Months	Fixed for 1st 36 Months	Fixed for 1st 60 Months
EPF / Estate Loans	16.00%	-	-	-
Vehicle Loans (Mortgage)	16.00%	-	-	-
Mortgage Loans	13.50%	13.50%	-	-
Personal Mortgage Loans	14.50%	15.00%	-	-
Personal Loans	14.75%	15.25%	-	-
Pensioner's Loan (Kruthyabimani) Secured	13.75%	14.00%	-	-
Pensioner's Loan (Kruthyabimani) Unsecured	14.25%	14.75%	-	-

The interest rate will be rericed after 12/24 Months. Applicable based rate, margin, floor rate and repricing as per the below Matrix (Table 01)

2.1.2. Floating Rates

Table 01

Customer Category		Privilege	Gold	Silver	Repricing
Loan Category	Base Rate (AWPLR)	Minimum Margin Based on Risk Rating
Loan Category	Base Rate (AWPLR)	A and above	BBB, BB	B & below
EPF (Incl. sub products)	03 Months AWPLR	(+) 2.5%	(+)2.5%	(+)4.5%	Annually
Vehicle Loans (Mortgage)		(+)3.5%	(+)4.0%	(+)5.0%
Mortgage Loans (Incl. Low Income)		(+)2.5%	(+)3.0%	(+)4.0%
Personal Mortgage Loans (Incl. Eco)		(+)3.0%	(+)3.5%	(+)4.5%
Personal Loans (Incl. Professionals, Government and Private Employees, Eco)		(+)4.0%	(+)4.5%	(+)4.75%
Pensioner’s Loan (Kruthyabimani) Secured		(+)2.5%	(+)3.0%	(+)4.05%
Pensioner’s Loan (Kruthyabimani) Unsecured		(+)4.0%	(+)4.5%	(+)4.75%

Floor Rate % p.a.		14.00 %	14.50%	15.00%

^*Secured (Cash Back, Mortgage, EPF, etc.), Unsecured (Personal Guarantor, Corporate Guarantor, Movable Asset, Other or No Collateral)

2.2. Business Category

2.2.1. Hybrid Rates

One - year (12 Months) Fixed rates and reprice annually thereafter

Customer Category	Privilege	Gold	Silver	Repricing
Loan Category	A and above	BBB, BB	B & below	Repricing
Business Loan - Mortgage	13.50%	14.50%	16.00%	Annually
Business Loan - Other than Mortgage	16.00%	16.50%	17.00%	Annually

Covers sub products under MSME including Micro, MSME Special Loan, ECO, Dheevara Diriya, Pensioner’s Loan (Kruthyabhimani) and etc.

The interest rate will be repricing after 12 months. Applicable Based rate, margin, floor rate and repricing as per the below matrix (Table 02).

2.2.2. Floating Rate

Table 02

Business Category		Privilege	Gold	Silver	Repricing
Group Code Loan Category	Base Rate (AWPLR)	Minimum Margin based on Risk Rating
Group Code Loan Category	Base Rate (AWPLR)	A and above	BBB, BB	B & below
Business Loan - Mortgage	Monthly	(+)2.5%	(+)3.0%	(+)4.0%	Quarterly /Semi Annual
	03 M
	06 M
Business Loan - Other than Mortgage	Monthly	(+)3.0%	(+)4.0%	(+)5.0%	Quarterly /Semi Annual
	03 M
	06 M

Floor Rate % p.a.		13.50 %	14.00%	16.00%

3. Maximum Loan Period & special conditions for loans

Loan Category	Condition Applied
EPF & Estate Loans	Maximum repayment up to 15 years.
Mortgage Loans	Period restricted based on type of income.
Mortgage Loans for Low-income earners	Maximum repayment up to 10 years.
Personal Loans	Subject to the time-to-time directions issued by the Bank.
Personal Loans for Low-income earners	Temporarily suspended until further notice.
Pensioner’s Loan	Maximum loan amounts up to Rs. 5 million and age up to 75 years.
Personal Mortgage Loans	Period restricted to type of income.
Business Development Loans	Loan tenure Maximum 10 years/ STL tenor as approved in the credit paper. Temporarily suspended until further notice.
MSME Special Loan	Maximum loan amounts up to Rs. 5 million and Max period is 5 years.
Micro Loan	Temporarily suspended until further notice.
Vehicle Loans (Mortgage)	Maximum up to 06 years.

Note – Terms & Conditions applied as per the SMIB Terms & Conditions.

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