Student loans from Seylan Bank facilitate greater options for higher education

The Seylan Bank recently launched ‘SEYLAN SCHOLAR’ a special student loan scheme thus vastly expanding the possibilities of parents financing the higher education of their children overseas and professionals obtaining the necessary finance for furthering their educational qualifications.

A delighted Chairman of the Seylan Bank Mr. Eastman Narangoda said, “In the past few years there has been a rapidly growing trend for parents to send their children overseas for an university education or even spend on higher education locally. However financial constraints have been a severe prohibitive factor. With this new scheme we’re both proud and happy to redefine the boundaries of higher education and make it possible for a larger number of Sri Lankan boys and girls to pursue a higher education”

This loan scheme has been specially designed to help parents fund the higher education of their children. It paves the way for their children to obtain an overseas degree from a reputed university or even a professional qualification such as CIMA, CIM, etc.

Furthermore it also enables professionals and employed persons to acquire further qualifications including post graduate, such as an MBA by providing access to hassle free funding with flexible options.

Seylan Scholar is open to those between the ages of 22 to 55 years (on maturity) including salaried employees, professionals and businessmen with loans ranging from Rs. 100,000/- to Rs 7.5 Million. Offering more flexibility, relatives meeting the said criteria can also apply for loans on behalf of family members.

The loans have been so designed whereby covering 75% of the total expenditure with the balance 25% contributed by the borrower. Repayment extends up to a maximum of 7 years at attractive rates of interest.

Seylan Scholar also brings with it a Loan Insurance Cover for death and disablement, a Free Debit Card, Credit Cards with special packages coupled with the Seylan Bank’s renowned speedy and efficient service supported by its fully fledged island wide branch network.