Aspire Educational Loan - Pan Asia Banking Corporation

Your future is our priority

Enjoy convenient educational loan schemes with other benefits and take pride in your career success. Let’s build a bridge to your aspirations.

Key features & benefits

Financial support for higher studies to achieve your career aspirations (any reputable local or foreign education institute).
Help your children/siblings pay for their higher studies at local or foreign educational institutes/universities.
If the student is over 18 years of age, he/she should be included as a co-borrower.
One-year grace period.
Loans can be considered for the following purposes:
- Enrolment and course fees
- Examination fees
- Student accommodation
- School admission fees (not less than Rs. 150,000)
- Purchasing a laptop or a desktop computer (maximum Rs. 100,000)

Rates & fees

With Effective From:- 2022-04-29
Floating Rate (p.a) Please contact nearest pan Asia bank Branch
Fixed Rate (p.a) n/a
Click here to see the fees for this product

The ideal educational loan to get further in higher studies.

Contact us or visit the nearest Pan Asia Bank Branch today to learn about the Aspire Educational Loan!

Aspire Educational Loan FAQs

How can I apply for an Aspire Educational Loan?
Please visit your nearest Pan Asia Bank branch to apply for an Aspire Educational Loan or call 0114667222 for more details.
What are the documents required?
Parents and siblings who wish to spend on their child’s/sibling’s education
1. Completed application form
2. National ID Card/Driving License/Passport
3. Documents to prove repayment capacity
o Salaried - Recent salary slips (03)
4. Birth certificate of the child
5. Documents regarding collateral (if applicable)
6. Documents issued by the relevant institute with regard to the cost of the educational programme
7. In the case of School Admission Fees, a copy of the admission form/letter to be submitted
Any employed person who wishes to pursue higher education
1. Completed application form
2. National ID Card/Driving License/Passport
3. Salary confirmation letter from the company
4. Recent salary slips (03)
5. Letter of undertaking to remit salary
6. Documents issued by the relevant institute indicating the cost of the educational programme
Who is eligible to obtain an Aspire Educational Loan?
Parents and siblings who wish to spend on their child’s/sibling’s education
For employed parents/siblings:
● The child (if above 18 years of age) should be a co-applicant for the said loan
● Minimum of Rs 50,000 and a maximum of Rs 2.5Mn without any collateral/guarantors
● More than Rs 2.5Mn and up to Rs 7.5Mn – need to provide tangible collateral acceptable to the bank
● Basic minimum remuneration of Rs 50,000 without fixed allowances
● For the purchase of a laptop or a desktop computer, a proforma invoice also should be submitted, and all payments will be directly paid to the vendor
Sri Lankan workforce who wishes to pursue higher education
● Minimum of Rs 50,000 and a maximum of Rs 2.5Mn without any collateral/guarantors
● More than Rs 2.5Mn and up to Rs 7.5Mn – need to provide tangible collateral acceptable to the bank
● Salary should be deposited directly into the given bank account or installment payments should be made via a standing order
● Basic minimum remuneration is Rs 50,000 without fixed allowances
● In case of purchase of a Laptop or a Desktop computer, a proforma invoice also should be submitted & all payments will be directly paid to the vendor