Personal Loan
Educational Loans
Union Bank of Colombo PLC
Personal Loan Information
Personal Loan
Privet Banking
General
Interest Rate (P.A) : Up to 15.25%
Loan Tenure : Up to 15 Years
Maximum Loan Amount : LKR 20,000,000
Rates and terms last verified on 9 June 2026.
Features
- For both Local and Foreign study programmes.
- Ability to apply jointly with parents, relatives or legal guardian.
- Grace periods up to 5 years.
- Speedy service.
Eligibility
- Sri Lankan citizens aged between 18-55 years
- Income holder should be employed for a minimum of 12 months and be in a confirmed employment
- Salaried Individuals – Net income of LKR 100,000.00 to LKR 150,000.00 per month.
- Self-employed Professionals/Sole Proprietors or Partners with net share of profit/income of LKR 200,000.00 per month
Documents Needed
- Duly completed loan application form
- Copy of National Identity Card
- Copy of latest salary slip
- Letter from employer confirming employment and income
- Non-salaried individuals should provide valid documentary proof to justify the repayment income
- Letter specifying course details & fee structure issued by the Educational Institution
- Standing order / salary assignment letter
- Title documents & local authority documents related to the property, if the loan is backed by a mortgage of property
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