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Education Loan

An opportunity to fulfill your education plans

You may find that a good education can be very expensive to obtain, making you think that the pursuit of higher studies is simply out of reach for you or your child. Our Lifestyle Education Loan will help you or your child reach new heights and go places!

What are the features and benefits?

  • No security or personal guarantors
  • Education loan amount maximum to be LKR2,500,000
  • Application to be made jointly with the child (student)
  • Option of repaying the loan based on a reducing balance or an equal installment scheme
  • Flexibility to choose a repayment period of up to 5 years (60 installments)
  • Choice of both fixed and floating rate interest rate options
  • Freedom of making a joint application (spouse only) provided the joint applicant earns the minimum remuneration as specified below

Am I eligible?

If you are

  • Between 18 and 55 years of age
  • Employed in an established company
  • Currently employed in a confirmed post
  • For existing HSBC Customers: Earning a net remuneration of LKR20,000/- (with a minimum basic salary of LKR15,000/-) excluding vehicle allowance
  • For Non HSBC Customers: Earning a net remuneration of LKR30,000/- (with a minimum basic salary of LKR25,000/-) excluding vehicle allowance


then yes, you are eligible to apply for a Lifestyle Loan

How do I apply?

By submitting the following

  • A duly completed Lifestyle Loan application & promissory note
    Lifestyle Loan application (Download Now)
  • A copy of NIC
  • A letter from employer confirming employee details (as per the application specimen)
  • A set of Bank statements and pay slips for the last three months
  • A copy of a recent utility bill (only for non existing HSBC customers)
  • The Birth certificate of the child (student)
  • Birth certificate of the child (student)
  • Letter from the educational institution/college confirming the fees


If you meet the eligibility criteria and the documents you provide us are complete, the loan will be approved in principle on the next working day.


Need more information?

For more details about our Lifestyle Loans, please call our Phonebanking hotline on 4 4722 77. You can also visit any of our branches.