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  • Leaflet-University Loan Scheme

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    Hansana Ranaweera
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    This document summarizes a special loan scheme for undergraduates studying medicine, engineering, or IT. Students can borrow up to Rs. 200,000 for a laptop/PC/tablet with 9.5% interest over 6 years including a 4 year grace period. Final year undergraduates can borrow up to Rs. 250,000 for any purpose with 9.5% interest over 5 years including a 1 year grace period. Both loans require a personal guarantee from a government or private sector employee earning a minimum monthly net income of Rs. 25,000.

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    This document summarizes a special loan scheme for undergraduates studying medicine, engineering, or IT. Students can borrow up to Rs. 200,000 for a laptop/PC/tablet with 9.5% interest over 6 years including a 4 year grace period. Final year undergraduates can borrow up to Rs. 250,000 for any purpose with 9.5% interest over 5 years including a 1 year grace period. Both loans require a personal guarantee from a government or private sector employee earning a minimum monthly net income of Rs. 25,000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views1 page

    Leaflet-University Loan Scheme

    Uploaded by

    Hansana Ranaweera
    This document summarizes a special loan scheme for undergraduates studying medicine, engineering, or IT. Students can borrow up to Rs. 200,000 for a laptop/PC/tablet with 9.5% interest over 6 years including a 4 year grace period. Final year undergraduates can borrow up to Rs. 250,000 for any purpose with 9.5% interest over 5 years including a 1 year grace period. Both loans require a personal guarantee from a government or private sector employee earning a minimum monthly net income of Rs. 25,000.

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    © All Rights Reserved
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    Special Loan Scheme for Undergraduates

    Medicine, Engineering & IT Schemes ONLY

    ** To purchase a Lap-top/ PC/ Tablet **

    Rs. 200,000/- with 9.5% interest p.a.


    Maximum tenor 6 Yrs (with Max. 4 Yrs grace period,
    which is limited to the undergraduate period)

    Monthly Instalment for Rs.100,000/- (6 yrs)


    • Interest portion during the grace period (4 yrs) Rs. 791/66
    • Instalment after grace period Rs. 4,591/45 x 24

    ** Final Year Undergraduates for any purpose **

    Rs. 250,000/- with 9.5% interest p.a.


    Maximum tenor 5 Yrs (with Max. 1 Yr grace period,
    which is limited to the undergraduate period)

    Monthly Instalment for Rs.100,000/- (5 yrs)


    • Interest portion during the grace period (1 yr) Rs. 791/66
    • Instalment after grace period Rs. 2,512/31 x 48

    With one personal guarantee of


    Permanent employee of Government sector / reputed private
    sector or credit worthy person with minimum monthly

    Net income Rs. 25,000/-


    • Conditions apply

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