Interest Free Student Loan Scheme

Offered by the Government of Sri Lanka

1. What is this loan scheme all about?

The Interest-free Students Loan Scheme is offered by the Sri Lankan Government to the students who are willing to pursue UGC approved undergraduate programmes under private institutes of higher education. The Ministry of Education will guide you through this whole process, whilst you enjoy your studies and embark on the higher educational journey. The qualified candidates will receive the full amount of their degree fee through the loan scheme. This will be completely free of interest with repayment plans up to 8 years after graduation.
The loan scheme will be applicable to students who are willing to enroll for:

2. What are the Benefits of the Loan?

-No payments during the study period up to 5 years

-The balance 7 years to settle the entire loan

*You will also be entitled to apply for a sum of Rs 300,000/- (maximum) to cover your additional expenses.

3. Am I eligible to apply? 

If you have successfully completed the GCE Advanced Level examinations in 2018, 2019 or 2020 under any stream, and have obtained more than 30 marks in the ‘Common General Test’ you are eligible to apply.

Hence, this is applicable for:

We are here to assist you in this process. You can always reach our student helpline on 031 203 5100.

Applications are NOW OPEN for the current Intake (2022)

Alternatively, you may fill the following form. On submission of this form, one of our student counsellors will get in touch with you within 24 hours

Apply Now