Educational Loans

The world economy has noticed that U.S Dollar has gone down and then regained to bounce back and global crude oil prices at an all-time high. In addition to all this, our economy is betting against a number of factors that make the educational loans a very needy affair. This situation has been caused by a majority of the students becoming loan defaulters and the banks classifying the loans granted to them as bad-debts.

But this situation is quite better now with Capital Union and Wealth Bank announcing welfare measures, which include the speedy granting of loans to the students for higher education.

Typically an educational loan covers the undermentioned expenses. Accommodation charges, expenses related to the purchase of books and equipment, examinations and library fee, travel expenses and insurance premium for the student.

Although a number of scholarships and other financial aid options exist for studying abroad, not all student become eligible for them. As a result of this educational loans it plays an important part of the study abroad plans of the student. Educational loans for studying abroad are provided by many of the bank in Sri Lanka.

Capital Union and Wealth Bank offers a good student loan system for Sri Lankan students to pursue their education abroad. The educational loan for studying aboard is provided for job oriented professional, technical graduation degree courses offered by reputed overseas institutions.

• Loans will be available for both undergraduate and postgraduate studies.
• An attractive rate of interest that is not a burden.
• Maximum repayment period of 10 years.
• Loans can be applied for individually or jointly.