Loans and Advance

The 100% Government owned bank was set up with the objective of improving the living standards of the rural masses by providing them accessible and affordable credit facilities that in turn would contribute to strengthen the rural economy.

Page is under construction

Bank Fund Loans

FeaturesAGRICULTURE LOANAthamaru LOANCOMMERCIAL LOANDAIRY DEVELOPMENT LOANRDB Detusavi LOANFISHERY INDUSTRY DEVELOPMENT LOANHOUSING LOANINDUSTRIAL DEVELOPMENT LOANRanketha Govipola Upakarana LOANTOURISM DEVELOPMENT LOAN
Purpose Agriculture development.Working capital requirement of whole sale & retail business.Promote whole sale & retail business.Dairy development.Consumption purpose.Inland , Sea, Ornamental fishery development .Purchase land, House & Build a house.Promote MSMEs .Purchase agriculture equipment.Develop tourist industry .
Loan Amount Depend on the project. Depend on the business capacity. Depend on the business capacity. Depend on the project. Maximum loan amount 2Mn. Depend on the project. Maximum loan amount 2Mn. Depend on the project. Depend on the project. Depend on the project.
Loan SecuritiesPersonal guarantors / Movable assets / Immovable assets Personal guarantors / Movable assets / Immovable assets Personal guarantors / Movable assets / Immovable assets Personal guarantors / Movable assets / Immovable assets Loan protection insurance. Personal guarantors / Movable assets / Immovable assets Personal guarantors/ Immovable Property Personal guarantors / Movable assets / Immovable assets Personal guarantors / Movable assets / Immovable assets Personal guarantors / Movable assets / Immovable assets
Repayment Period maximum repayment period 5 Years Up to Rs. 500,000 maximum repayment period 2 Years.
Over Rs. 500,000 maximum repayment period 3 Years
maximum repayment period 7 Years maximum repayment period 7 Years maximum repayment period 10 Years maximum repayment period 7 Years maximum repayment period 7 Years maximum repayment period 7 Years maximum repayment period 5 Years maximum repayment period 7 Years
Interest Rate 0.1450.190.160.1450.1350.145Property mortgage 15 %0.1450.1450.145
Area of Operation All islandAll islandAll islandAll islandAll islandAll islandAll islandAll islandAll islandAll island
Eligibility1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should be a pensioner.
3) Should not be a willful defaulter.
4) Have the effective repayment capacity.
5) Age should be bellow 70 year.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.
4) Be able to make a minimum equity contribution of 30% out of the project cost.
1) Be a citizen of Sri Lanka.
2) Should not be a willful defaulter.
3) Have the effective repayment capacity.

Special Loan Schemes

Micro Loans

Special Loan Schemes

Page is under construction

Menu