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Amount
of the Loan |
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The amount could go up to a maximum
of 75% of the total course fee or LKR
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300,000.00 whichever is lower. |
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Repayment Period |
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Upto 3 years. |
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The student to prove the repayment
capacity of a loan that would be sufficient to complete
the course. When the applicant is not employed or the
income drawn is not sufficient to meet the installment,
parents/guardian of the applicant could be the co borrowers
of the loan. However, the applicant to justify the income
of the parents/ guardian to meet the installment. Loans
will not be considered, if the repayment capacity is
sufficient only to complete part of the Program. |
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Interest Rate: |
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| Please
contact the nearest branch manager
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General Guidelines for both Schemes |
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Eligibility: |
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Should be a Sri Lankan Citizen. |
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Age – less than 50 years. |
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A letter from the respective institute
confirming that the applicant is eligible to follow
the particular course, with the total cost of the program
and the sum already paid. |
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The repayment capacity to repay
the loan instalment to be proved by the applicant/s.
(i.e. The applicant to provide documentary evidence
to justify that the income is sufficient to meet the
monthly installment) ). |
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Loans will be considered, only if the repayment capacity
is adequate to meet the total cost involved in completing
the entire course in full. |
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The applicant should have a Current/Savings account
with us and those who do not have accounts could open
Current/Savings accounts for this purpose. |
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Other Concerns: |
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Applicant to submit an undertaking to remit the monthly
salary directly to the Current/Savings account with the
bank. |
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Loan proceeds will be released in stages and will be
directly remitted to the respective institutions. Applicant’s
contribution, if any to be utilized for the initial payment
of the respective courses. |
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The applicant is to provide necessary documentary evidence
to prove that he/she is eligible to follow the course. |
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Documents to be furnished by the applicant. |
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Preliminary Application for the loan facility. |
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Documentary Evidence on Repayment Capacity. |
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Letter from the respective institutions
confirming that the applicant is eligible to follow/continue
the relevant Program including the course fee/amount
already paid. |
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Guarantor's statement, together with documentary evidence
of income / tax particulars. |
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Security: |
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Applicant to provide two individuals acceptable to the
bank as guarantors. |
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For more details please contact your nearest
Sampath Bank branch or call: |
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| Tel No : |
+94 (0)112 30 30 50 |
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