Commercial Bank Of Ceylon PLC · Personal Loan

Educational Loans

#26 of 49 · Lower than 35% of personal loans that publish a rate.

Interest rate p.a.: Up to 15%
Maximum amount: LKR 10M
Maximum term: 7 yrs

Rates and terms last verified 30 July 2026. Confirm the current terms with the bank.

Full details on Commercial Bank Of Ceylon PLC's website

Tell us what you need and we will check which banks and finance companies on our panel could take your application. We are not a bank and do not lend. Approval and final terms are decided by the bank or finance company.

About this personal loan

Features

You can draw funds when you require to pay your fees.
Ability to repay the loan capital after completing the course.
Loans facilities for both local and foreign education.
Extremely competitive low interest rates.
Adequate funding for your need.
Quick loan approval.

Who can apply

Interest rate p.a.

Up to 15%

Check My Eligibility

Educational Loans: common questions

What is the interest rate on the Educational Loans?

Commercial Bank lists Up to 15% per annum for the Educational Loans. That is a ceiling; the rate you are offered depends on your profile. Lower than 35% of personal loans that publish a rate.

How much can I borrow, and for how long?

About the Educational Loans

The Educational Loans is a personal loan from Commercial Bank in Sri Lanka. Its listed rate is Up to 15.00%. The features, eligibility and documents above come from the bank's published terms; confirm them with Commercial Bank before you apply, as rates and conditions change.

Before taking a personal loan, compare the interest rate and whether it is fixed or floating, the maximum amount and repayment period, processing fees, early settlement charges, and the income and documents each lender asks for.

See every personal loans from Commercial Bank or compare personal loans from every bank.

If you are a student registered with an education course provider, you can apply for a Education Loan.

Non employed applicants :

You can apply jointly with your parent, guardian or spouse who is eligible as a co borrower. You should be above the age of 18 years.

Employed applicants :

Permanent employees of a reputed company with a minimum monthly net salary of Rs. 75,000/- (Basic Salary+ Fixed Allowances) and your salary must be remitted to any bank account for at least 3 months.

Self employed professionals :

Professionally qualified individuals employed in their chosen field of profession. You should be between 18 to 60 years of age.

Documents you'll need

Loan application.
A letter from education service provider
Recent salary slips for past 03 months (If employed) / Income verification documents for employed and self-employed applicants.
Letter from the employer confirming Employment, Salary & Deductions with the undertaking to the account at Commercial bank.
Bank statements of other banks for the past 06 months, where salary is being credited at present.
Copy of National Identity Card / Valid Passport/ Valid Driving License.
Address verification documents indicating applicant’s name and address (if applicable). More info >>
Guarantor Statements (if applicable).
Copy of National Identity Card of the Guarantor (if applicable).
Copy of latest salary slip of the Guarantor (if applicable).
Address verification documents indicating Guarantor's name and address (if applicable). More info >>
Details of the property to be mortgaged such as latest Deed copy, approved Surveyor Plan copy, copy of approved Building Plan, copies of Local Authority documents obtained within 06 months, copy of Rates Paid for the last quarter (If applicable).

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Reviews for Educational Loans

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The Educational Loans goes up to LKR 10M, repaid over up to 7 yrs. The amount you are approved for depends on your income and existing repayments.

Who is eligible for the Educational Loans?

If you are a student registered with an education course provider, you can apply for a Education Loan. Non employed applicants : You can apply jointly with your parent, guardian or spouse who is eligible as a co borrower. You should be above the age of 18 years. Employed applicants : Permanent employees of a reputed company with a minimum monthly net salary of Rs. 75,000/- (Basic Salary+ Fixed Allowances) and your salary must be remitted to any bank account for at least 3 months.

What documents do I need?

Loan application. ; A letter from education service provider; Recent salary slips for past 03 months (If employed) / Income verification documents for employed and self-employed applicants.; Letter from the employer confirming Employment, Salary & Deductions with the undertaking to the account at Commercial bank. ; Bank statements of other banks for the past 06 months, where salary is being credited at present.; Copy of National Identity Card / Valid Passport/ Valid Driving License..

How do I apply for the Educational Loans?

Use the button on this page to send one application through AnyBanQ, or contact Commercial Bank directly. AnyBanQ is not a bank or lender; approval and final terms are decided by Commercial Bank.