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Scholar Loan

Seylan Scholar Education Loan provide, financial assistance for local and foreign higher education.

Benefits:

  • Joint Loans available with Parents / Spouse.
  • Can borrow from the Islandwide branch network spanning to 156 locations.
  • Local education such as CIMA, CIM, SLIM, IPM, AAT, Fashion Degrees & MBA.
  • Overseas education – Parents who want to educate their children and professionals who want to pursue foreign degrees will be with course fees, living expenses and accommodation.

Maximize the usage of your account:

  • Loans granted up to 10 Mn and minimum amount will be Rs. 100,000/-
  • Repayment period up to 7 years

Eligible Persons:

  • Parents / Guardians of students those seek local / Overseas Education.
  • Working Professional's with confirmed service
  • Professionals such as Doctors, Lawyers, Engineers, Accountants etc.
  • Self employed persons with a regular income

Documents required

  • Applicant's income details with pay slips
  • Bank Account Statements / Savings Book
  • University / Institute offer Letter with course details / Cost Details.
  • Guarantor's income details and Bank Statements or Property Deed / Survey Plan

Fixed for the entire tenure

Tenure Secured (CAT A) (%) Unsecured (CAT A) (%)
With Credit Card & Internet Banking Without Credit Card & Internet Banking With Credit Card & Internet Banking Without Credit Card & Internet Banking
01 Year 13.00 14.50 16.00 17.50
02 Years 13.50 15.00 16.50 18.00
03 Years 13.50 15.00 16.50 18.00
04 Years 14.50 16.00 17.50 19.00
05 Years 14.50 16.00 17.50 19.00
06 Years 15.50 17.00 18.50 20.00
07 Years 16.00 17.50 19.00 20.50

Fixed for 1 year & reviewed in every 12 months

Tenure Secured (CAT A) (%) Unsecured (CAT B) (%)
With Credit Card & Internet Banking Without Credit Card & Internet Banking With Credit Card & Internet Banking Without Credit Card & Internet Banking
01 Year 13.00 14.50 16.00 17.50