Loans for migrant workers
Bank loans for Sri Lankans going abroad for work, from each bank’s own website.
Rates checked 14 October 2026 on each bank’s own website
In short
- NSB loans to migrant workers: 12.50% a year, up to Rs. 3 million over five years, with two guarantors.
- BOC runs a Pre-Departure Loan Scheme for Sri Lankan migrant employees and the Ethera Saviya scheme, but does not list their rates on its rates page.
- An online loan for travel costs costs from 190% APR to over 800% a year, far more than these schemes.
Rates compared
| Bank | Loan | Rate a year | Terms | Source |
|---|---|---|---|---|
| National Savings Bank (NSB) | Loans to migrant workers | 12.50% | up to Rs. 3 Mn and 5 years, two guarantors | Bank’s site effective 2 June 2026 |
BOC schemes
BOC lists a Pre-Departure Loan Scheme for Sri Lankan migrant employees and Ethera Saviya. Ask a BOC branch for the current rate and terms.
A bank loan or an online loan?
Bank loans like these cost around 11–15% a year. Online loans are faster but cost from 190% APR to over 800% a year, so use them only for small, short, urgent needs. Compare bank personal loan rates.
Frequently asked questions
Can I get a loan to go abroad for work?
Yes. NSB offers loans to migrant workers at 12.50% a year for up to Rs. 3 million over five years, with two guarantors, and BOC runs a Pre-Departure Loan Scheme.
Do I need guarantors for a foreign employment loan?
NSB asks for two personal guarantors on its loans to migrant workers.