Consumption Loans 
Consumption loans are identified as a popular mode of personal loans.
Consumption Loans
Eligible Activities
Any consumption requirement of legally acceptable
Interest Rate
- Government/Statutory Board Employees
- Repayment period below 5 years – 22%
- Repayment Period over 5 years – 22%
- Other Employees
- Repayment period below 5 years – 23%
- Repayment Period 5 – 7 years – 23%
- Repayment Period over 7 years – 23%
Limitations
Should have sufficient existing income and it could be revealed.
Loan Amount
Maximum Loan Amount Rs. 5 Mn
Maximum Repayment Period
10 Years
Required Documents
– 3 Recent Salary Slips
– 2 Guarantors
Eligibility
- Be a citizen of Sri Lanka
- Should not be a willful defaulter
- Have the effective repayment capacity