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Personal Loans

1. Personal Loans for Executives, Medical Practitioners, Medical Consultants,          Pilots and Aeronautic Engineers

HNB lets you have the life you yearn for now!

Is it a new vehicle or house extension that you have been planning? Your children have been asking for a new TV. How will you manage to finance your daughter's wedding? What about that dream holiday you've been promising your wife?

You can either live now or let your life pass you by. HNB's new Personal Loans will turn your dreams into reality and make your life easier, giving you room to breathe during a challenging time.

Who can apply for HNB Personal Loans?

• Permanent employee in " Executive " or above category of a reputed, quoted, registered business establishments with at least 3 years of service in the current employment with a minimum salary of Rs 50,000 or above


• Medical Practitioners at least with 2 years of experience in a Private or General hospital with a minimum net monthly income of Rs. 50,000 or above


• Medical Consultants at least with 5 years of experience in the hospital with a minimum salary or consultation fee of Rs. 250,000 or above


• Members of Corporate Management of Blue chip Companies-Senior Executives at Senior /Corporate Management of reputed quoted, registered business establishments at least with 5 years of experience with a minimum net monthly income of Rs. 250,000 or above


• Pilots / Aeronautic Engineers permanently employed at Sri Lankan Airlines or top airlines or member of the Pilot Guild of Sri Lankan Airline Ltd, should have completed 5 years of service in the current employment with a minimum salary Rs. 250,000 or above


• Age between 24-50 years (Loan to be settled in full within the retirement age)

How much can you borrow under the respective loan scheme?

• Medical Practitioners /Executives up to Rs. 5.0Mn. (Loan quantum should not exceed 12 months gross salary)
• Medical Consultants, Senior Executives at Blue chip companies, Pilots and Aeronautic Engineers up to Rs. 7.5Mn.(Loan quantum should not exceed 12 months gross salary)

For what purposes the loan can be obtained?

• Purchase of vehicles, computers, household goods, furniture and fittings, appliances etc.
• Pursue the education of family members locally or abroad
• Travel abroad for business or pleasure
• Plan a wedding and other social functions
• Repair or make extensions on your residential houses
• Pursue any other purpose acceptable to the Bank

What are the benefits you can get?

• Flexible repayment period up to 5 years
• Attractive interest rate
• Repayment in monthly equated installments with interest calculated on reducing balance method
• Friendly staff at your service at island wide HNB branch network
• Minimum documentation

What is required as security?

• Demand Promissory Note

What are the other documents required along with the application?

• Three most recent salary slips certified by your employer
• A letter from the employer confirming employment details, salary particulars and undertaking to remit the salary/agreed amount direct to the account maintained at HNB.
• Copy of recent utility bill (Telephone/Electricity/Water, etc.)

2. Personal Loan Scheme for Nursing Staff of Private and Government     Hospitals

Who can apply for a Personal Loan?

• "Nursing staff " in the permanent cadre attached to a private or government hospital at least with 4 years experience and 2 years service in the current hospital
• Basic salary inclusive of cost of living allowances Rs 18,000 and above
And
The minimum net salary inclusive of allowances Rs. 25,000 and above after taking into account 40% of the average overtime and other allowances which are fixed in nature.
• Age Limit - 24 - 50 Years ( Loan to be repaid in full before the date of retirement)

What are the purposes covers under the personal loan?

• Purchase of vehicles, computers, household goods, furniture and fittings, appliances etc.
• Pursue the education of family members locally or abroad
• Travel abroad for business or pleasure
• Plan a wedding and other social functions
• Repair or make extensions on your residential houses
• Any other purpose if acceptable to the bank

How much can you borrow?

• Maximum up to Rs.750,000-( Loan amount will be decided on the individual borrower's disposable income and repayment capacity)

What is the repayment period?

• Maximum of 5 Years

What are the benefits you can get?

• Attractive interest rate
• Flexible repayment period up to 5 years
• Repayment in equated monthly installments with interest calculated on reducing balance
• Friendly staff at your service at island wide HNB branch network
• Minimum documentation

What is required as security?

• Demand Promissory Note
• Two personal guarantors acceptable to the bank .In the event, the guarantor is also a borrower, he or she could guarantee only one loan.

What are the other documents needed along with the application?

• Three most recent salary slips certified by your employer
• Employers Letter of Confirmation of employment and undertaking to remit the salary / agreed amount direct to the account maintained with HNB
• Copy of recent utility bill. (Telephone/Electricity/Water, etc.)
• Duly completed guarantor's statement together with a Declaration of Personal Assets under Affidavit certified by a Justice of Peace

3. Personal Loan for Junior Executives /Business Clients

Who can apply for HNB Personal Loans?

• Confirmed Executives in permanent employment with4years experience and 2 years in the present grade of employment attached to reputed and public enterprises.
• Professionals with good financial standing
• Registered businessmen such as Sole- proprietors, Partners, Directors of reputed firms,with good financial standing. The business should have been registered for at least 5 years and banking relationship not less than 6 months period
• Age between 24-50 years ( Loan to be repaid in full before the date of retirement)
• Persons earning a minimum net monthly income of LKR 30,000/-and above

What is the loan amount?

• HNB Personal Loans range from Rs. 50, 000 - Rs 750,000-

For what purposes the loan can be obtained?

• Purchase of vehicles, computers, household goods, furniture and fittings, appliances etc.
• Pursue the education of family members locally or abroad
• Travel abroad for business or pleasure
• Plan a wedding and other social functions
• Repair or make extensions on your residential houses
• Pursue any other purpose acceptable to the Bank

What are the benefits of HNB Personal Loans?

• Repayment periods of up to 4 years
• Attractive interest rates
• Repayment in monthly equated installments with interest calculated on reducing balance
• Minimum documentation
• Service at all HNB Customer Centres
• Friendly staff at your service

What is required as security?

• Demand Promissory Note
• Two personal guarantors acceptable to the bank .In the event, the guarantor is also a borrower, he or she could guarantee only one loan.

What are the documents required along with the application?
Salaried Borrower-

• A letter from the employer confirming employment details, salary particulars and undertaking to remit the salary/agreed amount direct to the account maintained at HNB.
• 3 most recent salary slips certified by the employer.

Business Borrower-

• Business Registration together with Audited Financial Statements for last 2 years , latest Management accounts
• Bank account statement for the past 12 months.
• Standing Order from the existing business account to service the facility

Other support documents

• Copy of recent utility bill. (Telephone/Electricity/Water, etc.)
• Letter of Confirmation from Educational Institutions confirming course, amount and duration of course with registration number or offer letter.
• Duly completed guarantor's statement together with a declaration of Personal Assets under affidavit certified by a justice of peace or title document of the property offered as security.