The above schemes are designed for migrant worker community who are not in a position to produce documents in support of income. This is a special project launched by SLBFE in collaboration withstate banks. Even if you are not in Sri Lanka, you can nominate a person with a Power of Attorney, to receive the loan amount on behalf of you. The following bank provide loan facilities on this scheme.
| Bank | Type of Loan | Amount of Loan | Settlement Period | Interest Rate | |
| Rate paid by migrant worker | Rate paid by SLBFE against to the Loan | ||||
| Peoples Bank |
1.Pre-departure for Middle East.
|
50,000/= | 3 yrs | 9% | 7% |
|
|
250,000/= | 5 yrs |
9%
|
7% | |
| 3.Self Employment Loan | 250,000/= | 5 yrs | 8% | 8% | |
| Bank of Ceylon | 1.Pre-departure for Middle East. | 50,000/= | 2 yrs | Total interest | |
| 2.Housing Loan | 300,000/= | 5 yrs | 5% | 5% | |
| 3.Self Employment Loan | 300,000/= | 5 yrs | 8% | 8% | |
| National Saving Bank | 1.Pre-departure for Middle East. | 50,000/= | 18 months | 8.5% | 6.5% |
| Sarani Housing Loan | 300,000/= | 5 yrs | 5% | 5% | |
|
State Mortgage
& Investment bank |
Housing Loan (only Housing) |
500,000/= | 5 yrs | 7.5% | 7% |
Eligibility: 1) Should be Registered with the SLBFE.Migrant Worker should make the request within the period of the work 2).Migrant Worker should have a NRFC (Non Residence Foreign Currency) account at Relevant Bankand should have at least US$ 500 in his/her NRFC account-(The bank have the right to get any Security like Mortgage over property, Two personal guaranties(if requires)
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