Eligible Sub-borrowers
Eligible Sub-borrowers
- Sri Lankan citizen who has foreign employment contract overseas for a fixed term not less than one year
- Have a valid registration with SLBFE
Key Features of ‘Manusavi’ Foreign Employment Loan Sri Lanka Scheme
Key Features of ‘Manusavi’ Foreign Employment Loan Sri Lanka Scheme
- Interest Rate
- 8.00% p.a
- Maximum Loan Quantum
- Rs. 2 Mn
- Repayment Period
- Up to 3 years
- Purpose
- Commencing or Expanding a business
- Purchasing, renovating, constructing a house or purchasing a land
- Purchasing a vehicle
- Education of children
Special Conditions
Special Conditions
- The borrower should open a Personal Foreign Currency Account (PFCA)
- The borrower shall nominate an immediate family member through a Power of Attorney (POA)
- If the Borrower has discontinued/ceased the overseas employment and has failed to remit monthly foreign currency income to the PFCA, the Bank shall apply the market interest rate
** Terms and Conditions apply
FAQs
FAQs
01. Am I eligible to obtain this loan facility?
If you are a Sri Lankan citizen who has a valid employment contract overseas for a fixed term not less than one year and have a valid registration with SLBFE, you are eligible to obtain the loan.
02. How do I apply for a loan?
You can visit or contact a branch of your choice and discuss your requirements with the officers. They will educate and guide you through the application process.
03. Will it be possible to apply jointly?
Yes.
04. How do I repay?
Repayment should be in foreign currency Inward remittances to the PFC Account.
05. Whom should I contact to get more details?
Please contact the branch or contact our 24 hours call center on 0112 3500000 for more details.
