BOC Apply For Education Loan Sri Lanka : Bank of Ceylon

Organization : Bank of Ceylon
Facility Name : Apply For Education Loan
Country : Sri Lanka
Website : https://boc.lk/index.php?route=product/category&path=87_165&catid=165

BOC Education Loan Sri Lanka

Education is a stepping stone; it is an investment for life. Be it your own studies or the education of your child, we will take over the funding to the studies.

Related / Similar Service : BOC Smart Salary Saver Account Sri Lanka

Features

** BOC Educational loans provide the financial support you need to achieve your higher educational achievements at local or foreign universities
** Option of paying only the interest until the degree is complete

** Receive the maximum loan amount necessary for your requirements
** Speedy service
** No hidden costs

Loan Amount :
** Maximum Rs:4.0 Mn.

Repayment Period :
** Maximum of 7 years with 04 years grace period

Security :
** Mortgage over property for facilities over Rs: 500,000/=

Financing the :
** Registration fees Course fees Examination fees Payments for travel expenses can be considered for Foreign Universities

Eligibility

** BOC Customers, Students with minimum of 03 passes for G.C.E (A/L)
** Students with minimum of 3 passes for G.C.E. (A/L) for degree courses

** should be an employee to follow Post Graduate Examinations & other Diplomas relevant to the existing job
** Educational institutes, universities (Local/foreign) and courses offered by them should be approved by the University Grant Commission of Sri Lanka.

Documents Required

** Loan Application
** Letter from University
** Proof of identification (NIC/Passport)

Interest free Education Loan Scheme

Eligibility :
The students who have been selected by the Ministry of Education, to follow the selected degree programmes in selected Non State Higher Education Institutions.

Loan Amount :
** For three (03) years degree programme – Rs.825,000/-
** (Course Fee of Rs.600,000/- + Annual Stipend of Rs.225,000/-) For four (04) years degree programme – Rs. 1,100,000/-
** (Course Fee of Rs.800,000/- + Annual Stipend of Rs.300,000)

Grace Period :
Course Duration + Further one (01) year

Repayment Period :
Maximum of twelve (12) years

Security/Collateral :
Joint and several guarantee of two persons, as follows;
** Mother/Father/Guardian of the borrower (student) and
** A closely related family member of the borrower (student)

Special remarks :
Students who wish to obtain this loan must contact the Ministry of Education for more information.

Laptop Computer Loan

Special Loan Scheme for Purchase Laptop Computers to University Students

Loan Amount Up to maximum :
Rs.75,000/-
Rate of Interest :
0%

Repayment period :
Up to maximum 3 years
Collateral :
A personal guarantee

Eligibility :
** Only for students in National Universities
** Joint loan with a parent/guardian

Required Documents :
** Duly completed application
** Student Record Book & Student ID
** NIC of student, parent/guardian & guarantor
** Recomendation letter by an authorized person of the University

About Us :
The saga of Bank of Ceylon (BOC) began on 1st of August 1939 under Bank of Ceylon Ordinance No. 53 of 1938, the Governor of Ceylon, Sir Andrew Caldecott, declared open the maiden office of Sri Lanka’s first state-owned commercial bank in Fort, Colombo.

BOC is a licensed commercial bank established under the Banking Act No. 30 of 1988. The registered office is situated at No. 01, BOC Square, Bank of Ceylon Mawatha, Colombo 01, Sri Lanka.