Educational student loan schemes offered by Banks in Sri Lanka

scholarships, study abroad, Universities 29 2811

Student Loans[sws_red_box box_size=”462″]Update 2013: New version on Student Loans. [/sws_red_box] In Sri Lanka currently some private banks and few state banks offer student loans. Out of these Sampath Bank Pvt Ltd,. is a leader in Student Loan market in Sri Lanka. They offer a comprehensive loan programme for Sri Lankan students.

This Educational Student Loan Programme facilitates for courses are offered by following institutes

  • Manipal University degree programme, India
  • Sri Lanka Institute of Marketing (SLIM)
  • Chartered Institute of Management Accountants (CIMA-UK)
  • Institute of Personal Management (IPM)
  • Postgraduate Institute of Management, University of Sri Jayewardenepura(PIM)
  • Royal Institute of Colombo(RIC)
  • Informatics Institute of Technology (IIT)

General requirements for applying Student Loans

The applicants should be citizens of Sri Lanka. Applicants should provide a confirmation letter/ an eligibility letter or registration documents from the relevant institute. For all courses other than Manipal University Degree Programme, Sampath Bank only finance 75% of total cost. Applicants have to bear the rest 25%. It is also required to successful completion of 1st semester/ 1st level of the course in order to eligible for total loan amount. You should also provide documentary evidence on repayment capacity together with two guarantors. When the applicant is not employed or the income drawn is not sufficient to meet the installment, parents / guardian  can be the co bearers of the loan. Applicants have to provide salary particulars or income tax documents of parents or the student himself. The current interest rate for Educational Student loans is 22% p.a.

Manipal University degree programme, India


It is open for all students who are eligible to follow the MBA / MSc IT in University of Manipal Sri Lanka branch. Sampath Bank provides 100% of course fee and registration fee also. Repayment period is 4 years.

Sri Lanka Institute of Marketing (SLIM)


All registered and new students who are eligible to follow SLIM / MBA programme can apply for this loan scheme. Applicants should be below 50 years of age. Maximum loan amount would be Rs 400,000. There’s a 3 year repayment period available.

Chartered Institute of Management Accountants (CIMA-UK)

All registered and new students who are eligible to follow CIMA examinations can apply for this loan. Loans are provided for registration fee, subscription fee, exam fees and tuition fees. Applicants have 5 year payback period.

Institute of Personal Management (IPM)


All registered and new students who wish to apply for Master of Management in HR offered by the Institute of Personal Management (IPM) in collaboration with University of Southern Queensland (USQ), Australia and Diploma in Professional studies in HRM by IPM can apply for this loan programme. For Masters maximum loan amount would be Rs500,000/- with a repayment period of 3 years and for professional studies Rs80,000/- with 2 year repayment period. Applicants shoud have a savings or current account with Sampath Bank.

Postgraduate Institute of Management, University of Sri Jayewardenepura (PIM)

All students who are eligible to follow MBA Programmes at the Postgraduate Institute of Management (PIM) affiliated to the University of Sri – Jayewardenepura are eligible for this loan scheme. Applicants should be less than 50 years of age and have to provide details of initial payments to the institute. Repayment period is 3 years. They should also have a savings or current account with Sampath Bank.

Royal Institute of Colombo(RIC)

Students who are eligible for degree programmes of royal Institute can apply for this loan. The amount could go up to a maximum of 75% of the total course fee or Rs300,000.00 whichever is lower. Repayment period is 3 years.

Informatics Institute of Technology (IIT)

Applicants should be eligible to follow a degree programme of IIT and shoul provide confirmation documents from the institute. The amount could go up to a maximum of 75% of the total course fee or Rs300,000.00 whichever is lower. However this can go up to Rs1,000,000/- if applicant mortgage the loan against a property. Repayment period is 3-5 years.

For further information on Educational Student Loans you can contact Sampath Bank on 011-2303050 or visit your nearest branch.

Related Courses:
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Educational Pathways in Management, Accountancy and Marketing
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  1. thulitha nambuhewa April 5, 2015 at 11:11 am -  Reply

    dear sir; my son hoping to study in japan & already having the eligibility(ceo) from japan government, the deadline of payments is on 08th april. i need rs;975000/- for that & show me the real & accurate way to get that money.

  2. kavithas February 18, 2014 at 11:33 am -  Reply

    Iam a higher national diploma studen I How get a loan

    • Hiran February 20, 2014 at 7:38 am -  Reply

      Please apply for a loan from a selected bank of your choice as indicated above.

  3. Suranga January 29, 2014 at 12:24 pm -  Reply

    I wanna get a loan for PQHRM in IPM.So what are the requirements should i have to apply this loan.

    • Hiran January 29, 2014 at 10:42 pm -  Reply

      Contact relevant bank for loan info.

  4. Udeshi July 4, 2012 at 11:35 am -  Reply

    I’m IDM student, can i apply for a loan

  5. krishan June 13, 2011 at 10:02 pm -  Reply

    am krishan..i wanna take a lone 35lks for my higher education in Australia.i already hv money dat wanted for my education bt i hv no way show money how cam….so datz y i wanna take a lone… can i get show money lone via da bank…. i can pay intersest as well as more money for dat

  6. musobozi robert December 6, 2010 at 2:13 pm -  Reply

    am musobozi robert astudent at mpangass iwould like to acees alone in your bank to compleat my studies am augandan aged 19 yrs ineed your help

    • Hiran December 6, 2010 at 9:28 pm -  Reply

      @musobozi robert: Please take a phone and contact one of the above banks to get a loan. Or visit a bank for details.

  7. Kalana October 22, 2010 at 3:36 pm -  Reply

    Please contact your agent in Sri Lanka, they will arrange a loan for you. Im not too sure whether a bank grant a loan since you are leaving the country after obtaining the loan.

  8. perera October 20, 2010 at 10:05 pm -  Reply

    ‘Dear Sir, Madam, i want to get 10 lakhs to complete my higher education in uk where can i get that

    • Hiran October 21, 2010 at 6:11 am -  Reply

      @perera, please visit one of the banks listed above and check whether you can get a loan. If you are successful, please post here, so others can also go to the same bank.

  9. Bandara October 17, 2010 at 12:39 pm -  Reply

    Hi kalana,

    Can SLIIT student apply for a loan?


  10. Kalana October 10, 2010 at 10:42 pm -  Reply

    Im not clear why you need a loan for a government degraee because most of the facilities are free. Alternatively he can apply for Mahapola or Burse ry, which are given from the university.

  11. t.b.newton October 10, 2010 at 1:25 pm -  Reply

    my son need a loan for his studies in university of moratuwa which is to be settled after the degree.Is there a way to obtain a such loan in banks in srilanka?

  12. Tharindu October 5, 2010 at 11:26 pm -  Reply

    Hi Sir…

    Currently iam not working… I already apply for the Master of computer science degree (UCSC). I need 3lacks . How can i get this loan…
    both my parents are retired.
    my brother is working as a software engineer (contract basis)

    • Hiran October 6, 2010 at 7:33 am -  Reply

      @Tharindu, Please contact banks above for your loan.

  13. sandun July 6, 2010 at 8:22 pm -  Reply

    Hi Can we any feed back on above matter !

    Sandun Harshan

  14. sandun June 27, 2010 at 10:24 pm -  Reply

    Hi, i am willing to do the ACCA, can you pls help me whether your programmer is provide the any financial facility for ACCA student, and also any other courses related to finance, so its grater help to student if you facilitate more financial to other institute.

    Best Regard,
    Sandun Harshana

  15. Pushpa May 17, 2010 at 9:58 pm -  Reply

    Dear Kalana,

    My niece is sitting her local A’ Levels in the commerce medium this August.
    Is it possible for her to register for CIMA Part I pending her results?
    If so by when should she do so?
    Also is CIMA Sri Lanka offering any scholarships?

    My niece lost her father ( my brother) when she was 7 years – about 10 years ago. So I am quite keen to know about the availability of scholarships being offered.

  16. Thilanga Samarasinghe May 3, 2010 at 11:13 am -  Reply

    Dear Sir, Madam,
    Im a medical student, i want 10lakhs for complete my MBBS degree.Where shall i have a student loan?

    • Hiran May 3, 2010 at 10:25 pm -  Reply

      Ask form the above banks for a loan.

  17. A.M.C.LAKASHITH ABEYWARDHANA April 9, 2010 at 8:22 am -  Reply


  18. Kalana Tennakoon April 5, 2010 at 10:36 am -  Reply

    yup a can apply foa loan. Please contact personal loan section of Sampath Bank or NDB bank

  19. mr.l.c.janjabeel April 4, 2010 at 6:10 pm -  Reply

    dear sir/madam,
    i want to take loan for master degree. and, i am working at the priovate company. i have a degree so i must fallow programme so, can i take a loan for my master degree? please if you can help by the loan. you have answer so please reply thanking you.

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