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Cargills Bank “Ashirwada” Education Loan
011 7 640 640
Purpose

“Your Journey, Our Commitment” we provide a seamless financial solution for both local and overseas study programs recognized by the UGC or Ministry of Higher Education.

 

Product Highlights
  • Enjoy a maximum loan tenure of up to 10 years
  • Flexible Capital Grace Period: Focus on your studies with a capital grace period of up to 3 years (study period + 6 months), where you only service the interest monthly.
Eligibility
  • Sri Lankan citizens residing in Srilanka.
  • Students must apply with a co-borrower (parent/guardian/sibling/spouse/relative)
  • Employed / Self-employed applicants subject to income and age criteria (18–60 years)
Key Features & Benefits

 

  • 100% Financing: We provide loans covering up to 100% of your study program.
  • Loan Amounts: Facilities range from a minimum of Rs. 100,000 to a maximum of Rs. 10,000,000.
  • Competitive Interest Rates:

 

Interest Rates

6 Months Variable – 12.50% p.a.

1 Year Fixed – 12.75% p.a.

3 Year Fixed – 13.00% p.a.

5 Year Fixed – 13.25% p.a.

Bundle Offers
  • Laptop Financing: The purchase of a laptop or other acceptable study materials can be covered by the loan.
  • Credit Card Bundle: Parents are eligible for a pre-approved credit card of Rs. 150,000, with a supplementary card for the student.
  • Savings Bonus: Receive a 0.5% bonus interest rate on Fixed Deposits against the prevailing sheet rate.
Repayment & Security
Loan Amount Security
Up to Rs. 2 million No Guarantor
Above Rs. 2 million to Rs. 5 million One family Guarantor
Above Rs. 5 million to Rs. 10 million Secured by an immovable property acceptable to the Bank (Mandatory for all facilities above Rs. 5 Mn)

*you can choose to repay the loan in regular equated or equal monthly installments without a capital grace period

 

For more details, please contact our 24-hour contact center on 011 7 640 640 or visit your nearest Cargills Bank branch.

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