Sabaragamuwa Development Bank

Loan Schemes
How to Apply Loan

Agriculture Loans
Animal Husbandries Loans
Fisheries Loans
Industries Loans
Commercial Loans
Housing Loans
Pawning Loans
Consumption Loans
Against Deposits Loans
Micro Finance Loans

Agriculture Loans

New Comprehensive Rural Development Credit Scheme

Qualifications

Under this credit scheme is granted a loan for the following crops.

Paddy, Chilies, Anions
Cereal as Corn etc.
Soya, Peanuts, Gingili, Sunflowers
Yams
Vegetables
Betel
Ownership of the land & other general qualifications

Documents Required

Application form for cultivation
Guarantor’s Statement
Required documents for confirming the salary

Time for services

01-07 days

Krushi Navodaya Credit Scheme

Qualifications

For improving agricultural activities
For purchasing agricultural tools
Animals husbandry activities
Agriculture based & agricultural related activities
Organic Fertilizer
For expanding stores facilities
Drip water irrigation
Greenhouse development

Documents Required

General documents

Time for services

2 days after inspection of internal

Tea Development Credit Scheme

Qualifications

Under this scheme granted a loan for re-plantation & tea nursery
If re plantation, should be a land owner & other general qualifications

Documents Required

Recommendation of authority of Small Tea Development
Registration of Central Bank & other general documents

Time for services

General time

Coconut Cultivation Credit Scheme- Kapruka Loan

Qualifications

Recommendation of Coconut Development Board for Kapruka Credit scheme

Documents Required

Recommendation of Coconut Development Board (for Kapruka) & other general documents

Time for services

General time

Animal husbandries Loan

Qualifications

Under this scheme granted loans for the following activities
Dairy & cattle farming
Poultry (Eggs, Broilers)
Goat raising & Piggery
Should be a person who qualified for above any activity & other general qualifications

Fisheries & Biological Recourses Loans

Under this scheme grant loans for the following activities

Fisheries Boats
Fishing Gear
Motor vehicles for transporting
Maldivfish & Dried fish
Fish & other related business
Fresh-water Fisheries
Aquariums

Qualifications

Should be a person who is a fisherman or do other related business & other qualifications

Industries Loans

Qualifications

Under this scheme granted loans for small & middle level business

Documents Required

If a personal guaranty loan should presented Guarantor’s statement & income statement of guarantor
Project report
Industry registration certificate
Expenditure estimate
Permission of Environmental Authority (when needed) & other general documents

Commercial Loans

Qualifications

Under this scheme granted loans for wholesale & retail.

(For improving stocks, Purchasing fixed capital requirements)

Should a profitable venture & other general qualifications

Documents Required

Certificate of registration for expanding venture

Housing Loans

Qualifications

For building a new house or purchasing a land for that
For repairing a house
Should adequate income for repayment loans installments & other general qualifications

Documents Required

If personal guaranty loan - guarantor’s statement & description about income
If property guaranty loan – relevant deed, plan, valuation report, street certificate & Final folios
Credit estimate
Approved housing plan

Time for services

3-4 weeks for personal guaranty loans
4-6 weeks for Property guaranty loans

Period of repayment

On personal guaranty – up to 03 years
On property guaranty – up to 05 years
For the special occasions can be consider it over 5 years period

Pawning Activities

Qualifications

Under this, granted loans for all consumption & other emergency activities
Gold value should be over 18 carrots

Documents Required

National Identity Card
Passport or Driving License

Consumption Loans

Qualifications

Employee in Public or Private Institute & person who has permanent income

Against Deposits Loans

Qualifications

Bank Deposit & general qualifications

Documents Required

Against Deposit Application

Micro Finance

This scheme is like Agricultural, Fisheries & commercial credit scheme. Under this following credit schemes are considered.

Isuru Credit Scheme (Refinance)
Personal Loans
National Development Trust Fund (refinance)

Isuru Credit Scheme

Qualifications

Families which have not exceeding Rs.7,500/= household income can get a loan under this scheme.
Should be an active member in a small group which held by the bank
Agreement of group members
Permanent residence place should be in sabaragamuwa province.
Should be a group account holder

General Qualifications

Following general points should be obtained to take a loan & advances from Sabaragamuwa Development Bank

Permanent residence place must be in Kegalle , Kaluthara, Rathnapura or Colombo district.
Person who is elder than 18 years old. If over 55 years old, he should apply with any other family member who has under that rang.
Person who shouldn’t default loans taken from any bank or other financial institution.
Loan requirement is should be for a legal activity.
Should be a person who is an account holder or opened an account on the occasions of applying a loan in SDB.
Should be a person who has possibility of repayment. (If a project it should have a sufficient income)

Documents Required (General for all loans)

Following general documents should have given for borrowing a loan. Addition to these, special documents are required for various types of loans

Loan Application
Guarantor’s Statement
Documents for conformation of income. (Should present on behalf of Debentures & Guarantors.)
Salary Sheet & Salary reduction letters for employee
If other businessman who isn’t pay the Income tax should be taken an income certificate from The Divisional secretary Office or an affidavit from the bank to confirm income
If tax payer -Confirmation letter about income tax payment which was taken from regional income tax office of last 3 years.

Property mortgage Security Loans - For land mortgage

Land deed
Land plan
Ownership report
Abstracts, street line certificate
Valuation report
Title insurance deed

Immovable Mortgage bond & other general documents - For vehicles & Machinery

Registration certificate
Motor vehicle insurance & annual licence
Recognition certificate for machines
Valuation Report
Motor vehicles mortgage bond
Movable mortgage bond & other general documents.

Time for service

Property guaranty loans - 2 weeks after handed over valuation report, Ownership report, un-acquisition report & all completed applications. Loan disbursement is after the registration of the property mortgages in land registrar office, thus it affect to mentioned time.



		Loan Schemes How to Apply Loan Agriculture Loans Animal Husbandries Loans Fisheries Loans Industries Loans Commercial Loans Housing Loans Pawning Loans Consumption Loans Against Deposits Loans Micro Finance Loans Agriculture Loans New Comprehensive Rural Development Credit Scheme Qualifications Under this credit scheme is granted a loan for the following crops. Paddy, Chilies, Anions Cereal as Corn etc. Soya, Peanuts, Gingili, Sunflowers Yams Vegetables Betel Ownership of the land & other general qualifications Documents Required Application form for cultivation Guarantor’s Statement Required documents for confirming the salary Time for services 01-07 days Krushi Navodaya Credit Scheme Qualifications For improving agricultural activities For purchasing agricultural tools Animals husbandry activities Agriculture based & agricultural related activities Organic Fertilizer For expanding stores facilities Drip water irrigation Greenhouse development Documents Required General documents Time for services 2 days after inspection of internal Tea Development Credit Scheme Qualifications Under this scheme granted a loan for re-plantation & tea nursery If re plantation, should be a land owner & other general qualifications Documents Required Recommendation of authority of Small Tea Development Registration of Central Bank & other general documents Time for services General time Coconut Cultivation Credit Scheme- Kapruka Loan Qualifications Recommendation of Coconut Development Board for Kapruka Credit scheme Documents Required Recommendation of Coconut Development Board (for Kapruka) & other general documents Time for services General time Animal husbandries Loan Qualifications Under this scheme granted loans for the following activities Dairy & cattle farming Poultry (Eggs, Broilers) Goat raising & Piggery Should be a person who qualified for above any activity & other general qualifications Fisheries & Biological Recourses Loans Under this scheme grant loans for the following activities Fisheries Boats Fishing Gear Motor vehicles for transporting Maldivfish & Dried fish Fish & other related business Fresh-water Fisheries Aquariums Qualifications Should be a person who is a fisherman or do other related business & other qualifications Industries Loans Qualifications Under this scheme granted loans for small & middle level business Documents Required If a personal guaranty loan should presented Guarantor’s statement & income statement of guarantor Project report Industry registration certificate Expenditure estimate Permission of Environmental Authority (when needed) & other general documents Commercial Loans Qualifications Under this scheme granted loans for wholesale & retail. (For improving stocks, Purchasing fixed capital requirements) Should a profitable venture & other general qualifications Documents Required Certificate of registration for expanding venture Housing Loans Qualifications For building a new house or purchasing a land for that For repairing a house Should adequate income for repayment loans installments & other general qualifications Documents Required If personal guaranty loan - guarantor’s statement & description about income If property guaranty loan – relevant deed, plan, valuation report, street certificate & Final folios Credit estimate Approved housing plan Time for services 3-4 weeks for personal guaranty loans 4-6 weeks for Property guaranty loans Period of repayment On personal guaranty – up to 03 years On property guaranty – up to 05 years For the special occasions can be consider it over 5 years period Pawning Activities Qualifications Under this, granted loans for all consumption & other emergency activities Gold value should be over 18 carrots Documents Required National Identity Card Passport or Driving License Consumption Loans Qualifications Employee in Public or Private Institute & person who has permanent income Against Deposits Loans Qualifications Bank Deposit & general qualifications Documents Required Against Deposit Application Micro Finance This scheme is like Agricultural, Fisheries & commercial credit scheme. Under this following credit schemes are considered. Isuru Credit Scheme (Refinance) Personal Loans National Development Trust Fund (refinance) Isuru Credit Scheme Qualifications Families which have not exceeding Rs.7,500/= household income can get a loan under this scheme. Should be an active member in a small group which held by the bank Agreement of group members Permanent residence place should be in sabaragamuwa province. Should be a group account holder General Qualifications Following general points should be obtained to take a loan & advances from Sabaragamuwa Development Bank Permanent residence place must be in Kegalle , Kaluthara, Rathnapura or Colombo district. Person who is elder than 18 years old. If over 55 years old, he should apply with any other family member who has under that rang. Person who shouldn’t default loans taken from any bank or other financial institution. Loan requirement is should be for a legal activity. Should be a person who is an account holder or opened an account on the occasions of applying a loan in SDB. Should be a person who has possibility of repayment. (If a project it should have a sufficient income) Documents Required (General for all loans) Following general documents should have given for borrowing a loan. Addition to these, special documents are required for various types of loans Loan Application Guarantor’s Statement Documents for conformation of income. (Should present on behalf of Debentures & Guarantors.) Salary Sheet & Salary reduction letters for employee If other businessman who isn’t pay the Income tax should be taken an income certificate from The Divisional secretary Office or an affidavit from the bank to confirm income If tax payer -Confirmation letter about income tax payment which was taken from regional income tax office of last 3 years. Property mortgage Security Loans - For land mortgage Land deed Land plan Ownership report Abstracts, street line certificate Valuation report Title insurance deed Immovable Mortgage bond & other general documents - For vehicles & Machinery Registration certificate Motor vehicle insurance & annual licence Recognition certificate for machines Valuation Report Motor vehicles mortgage bond Movable mortgage bond & other general documents. Time for service Property guaranty loans - 2 weeks after handed over valuation report, Ownership report, un-acquisition report & all completed applications. Loan disbursement is after the registration of the property mortgages in land registrar office, thus it affect to mentioned time.



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