Loans  for Tourism  Industry

Eligibility :

Should be a Sri Lankan Citizen (Age above 18 yrs). Salaried Employees, Income from registered business.

Method of submitting application:-

Places where application form could be obtained:-

Head Office & Branches

Payment for application:-

None

Time to submit application:-

Payments
Week days 8.30 a.m – 3.30 p.m
Saturday    8.30 a.m – 1.00 p.m.

                        Other Services
                        Week days  8.30 a.m – 4.30 p.m

Fees paying to obtain this service:-

Bank charges, 2% from the approved loan amount (Legal/ Technical) Valuation Fees, Fee for CRIB report should be paid at the time of disbursements of the loan.

s Period taken to provide the Service 

            Speed Loans    05 Working Days

Priority Loans   10 Working Days

Other Loans     24 Working Days

Necessary Supporting documents

For Credit Department

1. Building plan approved by the Local Authority with a copy.
  If approval is not required, a letter issued by the Local Authority to this effect.
2. Documentary evidence of income **
3. Bank Statements for last 6 months.
4. Financial statements for last 3 years/Business Registration etc… in the event of Loan
 repayment is on Business income.
5. Bill of quantities (two copies) for the proposed construction.
6. Two photo copies of the survey plan.
7. A copy of the Title Deed.
8. Where construction is done on a property other than offered as security the following documents to be submitted.
      I. Photo copy of the Deed of Transfer
      II. Two copies of the survey plan of the property where construction is to be done/property to  
          be released/property to be purchased.
       III. Sketch of the route to this property. (two copies)

9. Two photo copies of Street Line certificate.
10. A clear photo copy of the National Identity card of Applicant(s).
11. Two photographs of applicant(s) (Size: 2’    21/2’)
**Further information may be obtained from the bank

For Legal Department

1. A Certified copy of Title Deed/s
2. A Certified copy of Survey Plan/should not be older than 20 years.
3. Certified Extracts of Encumbrances for the last 20 years obtained from the Land Registry.
Following documents from Local Government Authority
4. Ownership Certificate (Original)
5. Street Line Certificate (Original)
6. Non-Vesting Certificate (Original)
7. Assessment Notice (Original)
8. Tax Receipts for the last quarter (Original)
9. Power of attorney, where applicable with two certified copies
10. Any previous deeds/plans pertaining to the property offered as security.

Staff Officers in charge of the Service

     Branch Manager   -  Mrs. Sandya Goonathilake  
                                 Tel  011 7722814  Fax. 0112575359   e-mail   sandyag@smib.lk
    Assistant Manager -  Mrs. Nilukshi Gopallawa
                                 Tel  011 7722814  Fax. 0112575725   e-mail   nilukshig@smib.lk