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Education Loans Sri Lanka 2026

3 lenders · local & overseas study · up to Rs. 10M · grace period during studies

ℹ️ Rates shown for reference. Updated April 2026. Verify eligibility with each bank.

Sampath Study Smart Education Loan

UGC-recognized local & overseas institutes. Rs. 250,000 – Rs. 10M. 3-year grace period during study. 8-year repayment after studies. Best terms in Sri Lanka.

12%

p.a.

BEST TERMS Apply Now →

BOC Student Loan

Higher education financing for local & overseas study. Competitive rates from Sri Lanka’s #1 bank. Grace period available during study period. Island-wide branches.

~12%

p.a.

STATE BANK Apply Now →

People’s Bank Education Loan

Recognized institutes. State bank backing. Grace period options available during study. Apply at any branch across the island. Government employees preferred.

~12%

p.a.

STATE BANK Apply Now →

📊 Quick Comparison

Education Loan Comparison — Sri Lanka 2026

Bank	Rate	Max Amount	Grace Period	Repayment	Apply
Sampath Study Smart	12% p.a.	Rs. 10M	Up to 3 years	Up to 8 years	Apply →
BOC Student Loan	~12% p.a.	Rs. 5M	During study	Up to 7 years	Apply →
People’s Bank	~12% p.a.	Rs. 5M	During study	Up to 7 years	Apply →

Education Loans in Sri Lanka — 2026 Guide

An education loan helps students and their families finance higher education — locally or overseas — without disrupting savings. The key advantage is the grace period: you don’t start repaying until after you finish studying, giving you time to find employment first.

Which Institutes Are Eligible?

Local universities — UGC-recognized government and private universities
Overseas universities — accredited institutions in UK, Australia, USA, India, Malaysia and others
Professional courses — CIMA, ACCA, ICASL, engineering, medicine
Vocational training — some banks cover NVQ and diploma courses

What Costs Can Be Financed?

Tuition fees (paid directly to institute or reimbursed)
Hostel / accommodation costs
Examination fees and textbooks
Travel costs for overseas study (at some banks)
Living allowance (at some banks, subject to limits)

Documents Required for an Education Loan

Admission letter from the institution
NIC of student and parent/guardian
Parent’s salary slips and bank statements
Tuition fee schedule from the institute
Academic transcripts

❓ FAQ

Education Loan FAQs

Can I get an education loan for overseas study?

Yes. Sampath Study Smart, BOC and People’s Bank all finance overseas studies at accredited universities. You’ll need an admission letter and fee schedule from the overseas institution. Loans are disbursed in LKR or foreign currency depending on the bank.

When do I start repaying an education loan?

Most banks offer a grace period equal to the duration of your course (up to 3 years at Sampath). Repayment starts after you complete your studies — giving you time to start working first before EMIs begin.

Who is the guarantor for an education loan?

Typically a parent or guardian acts as co-borrower or guarantor. Their income and creditworthiness are assessed. For larger loan amounts, banks may require property as collateral in addition to a guarantor.

What is the maximum education loan amount in Sri Lanka?

Sampath Study Smart offers up to Rs. 10 million — the highest available. BOC and People’s Bank offer up to Rs. 5 million. The actual amount depends on the course fees and the parent’s income.

Information purposes only. Rates and terms shown are based on publicly available information as of April 2026. Always verify with the bank directly. LoanLanka.com is a comparison platform only.