HNB FINANCE Introduces Education Loans

HNB FINANCE Introduces Education Loans

Higher education is an important step in investing in a better future. This is a basic qualification that any person expects, but it has many more requirements than knowledge, interest, time and commitment. Achieving educational goals and future successes is not always an easy task when facing financial difficulties. Education loans are designed to help you pay for your higher education and institutional fees, tuition and book fees.

With the introduction of education loans, HNB FINANCE can open the door to the future without having to worry about financial needs. It carries out the task of realizing the higher education dreams of Sri Lankan students.

How to get an education loan:

Our education loan has the potential to provide students with the financial assistance they need to pursue their higher education. The loan amount is Rs. 50,000 to Rs. 3,000,000, which is found to cover the basic funding requirements for most higher education programs. You must present at least two guarantors or collateral for the guarantee requirements when applying for an education loan.

Who can apply for an education loan ?:

Anyone aged 18-55 who is interested in pursuing higher education can apply for a student loan. If you are a student, you can apply for a loan with your parents and it will benefit both parties.

If you are not married, your net income should be at least Rs. 30,000 and the minimum income of a married applicant is Rs. Must be 40,000.

In addition , HNB FINANCE states that the institution must be accredited and registered with competent bodies, such as the University Grants Commission , the Ministry of Education , or other government agencies, such as the Board of Investment.

Attractive Student Loan Interest Rates: (Proposal to Convert into Benefit Packages)

One of the special features of this loan scheme is that unlike most of the education loan facilities operating in Sri Lanka, HNB FINANCE offers the facility to pay up to 90% of the relevant course fees under the education loan scheme. The loan repayment period can be up to 7 years and you also have to pay a monthly fee. This flexible procedure frees you from the extra burden of having to pay a lump sum. Compared to other student loan interest rates in Sri Lanka, we also offer competitive interest rates making it possible for more people to get loans.

Required Documents:

  • Credit Application Form
  • Copy of National Identity Card
  • Proof of Residence (If not, submit the Certificate of the Grama Niladhari or the affidavit of the Justice of the Peace)
  • Letter relating to admission or acceptance in an educational institution
  • Payment method
  • Proof of income is a document certified by the employer
  • Salary sheet or bank statements for the last three months)
  • Documents confirming the business (business registration certificate or equivalent document)
  • Business records (tax receipts, audited accounts)
  • Bank claims for the last three months

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