The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.
S/N | Category | Existing (Rs.) | New (Rs.) | Changes (Rs.) | |
---|---|---|---|---|---|
1 | Initial Deposit |
||||
General Loan |
1,000/- |
1,000/- |
- |
||
Priority Loan |
5,000/- |
5,000/- |
- |
||
(Speed Loan) / Initial Deposit |
10,000/- |
10,000/- |
- |
||
Government Employee Loan |
7,500/- |
7,500/- |
- |
||
2 | Savings Account Opening – Initial Deposit |
||||
Normal Savings Account |
100/- |
500/- |
Change |
||
Muthusina Minor Savings Account |
500/- |
500/- |
- |
||
Challenger Minor Saving Account |
1,000/- |
1,000/- |
- |
||
Sarani Minor Savings Account |
500/- |
500/- |
- |
||
3 | CRIB Report |
||||
Individual |
175/- |
250/- |
Change |
||
Institution |
300/- |
750/- |
Change |
||
4 | BOQ Prepared By The Bank – Construction Loans |
||||
BOQ Up to Rs.2,000,000/- |
1,500/- |
2,000/- |
Change |
||
BOQ Rs.2,000,000 to Rs.4,000,000/- |
2,500/- |
3,000/- |
Change |
||
5 | Internal Valuation Fee (Construction And Purchase) |
||||
Up to Rs.500,000/- loans |
3,000/- |
3,000/- |
- |
||
Rs.500,000/- to 1,000,000/- |
5,000/- |
5,000/- |
- |
||
Rs.1,000,000/- to 2,500,000/- |
7,500/- |
7,500/- |
- |
||
Rs.2,500,000/- to 5,000,000/- |
10,000/- |
10,000/- |
- |
||
Above Rs.5,000,000/- |
15,000/- |
15,000/- |
- |
||
External Valuation Fee (Only For Purchase) |
|||||
Rs.5,000,000/- to 10,000,000/- |
17,500/- |
17,500/- |
Change |
||
Rs.10,000,000/- to 20,000,000/- |
20,000/- |
20,000/- |
- |
||
Above Rs.20,000,000/- |
25,000/- |
25,000/- |
- |
||
Portion Of Release Valuation Charges |
7,500/- |
7,500/- |
- |
||
Recovery / Income / Loan releases Inspection charges |
1,000/- |
750/- |
- |
||
6 | |||||
For business loan – 1% of Approved loan amount at disbursement of the loan (Maximum Rs.100,000/-) |
100,000/- |
100,000/- |
- |
||
For MSME loan – 1% of Approved loan amount at disbursement of the loan (Minimum Rs.2,500/-) |
1% or Minimum of Rs.2,500/- |
1% or Minimum of Rs.2,500/- |
- |
||
7 | Bank Charges On Loans |
||||
For mortgage loan – 1% of Approved Loan amount at disbursement of the loan (Maximum Rs.50,000/-) |
50,000/- |
50,000/- |
- |
||
For EPF loan – 1% of Approved Loan amount at disbursement of the loan (Maximum Rs.40,000/-) |
40,000/- |
40,000/- |
- |
||
For personal loan – 1% of Approved Loan amount at disbursement of the loan (Maximum Rs.20,000/-) |
20,000/- |
20,000/-- |
- |
||
8 | |||||
Closing Of Savings Account |
150/- |
150/- |
- |
||
9 | |||||
A Certified Copy Of Mortgage Bond |
250/- |
500/- |
Change |
||
10 | |||||
A Certified Copy Of Building Plan |
100/- |
250/- |
Change |
||
11 | |||||
Deed/Plan or any Other Certified Copy |
50/- |
100/- |
Change |
||
12 | |||||
Loan Against Fixed Deposit |
500/- |
500/- |
- |
||
13 | |||||
SLIPS Transfers |
50/- |
50/- |
- |
||
14 | |||||
Tax Certificate (Loan Related Without FD ) |
50/- |
250/- |
Change |
||
15 | |||||
Loan Past Payment Schedule |
150/- |
200/- |
Change |
||
16 | |||||
Loan Repayment Schedule |
150/- |
200/- |
Change |
||
17 | |||||
NIC Details |
25/- |
25/- |
- |
||
18 | |||||
Loan Settlement Claim Statement |
- |
250/- |
New |
||
19 | |||||
Deed of Release/Portion of Release |
3,500/- |
5,000/- |
Change |
||
20 | |||||
Re issue a Duplication Pass Book |
150/- |
150/- |
- |
||
21 | |||||
Re issue a Duplication FD Certificate |
250/- |
250/- |
- |
||
22 | |||||
Loan Reschedule Charge (Personal Loan) |
- |
500/- |
New |
||
23 | |||||
Loan Reschedule Indenture (Mortgage Loan) |
- |
500/- |
New |
||
24 | |||||
Loan Status Report |
- |
100/- |
new |
||
25 | |||||
Change Of Nomination |
- |
100/- |
new |
||
26 | |||||
Change Of Standing Order |
- |
100/- |
new |
By subscribing to SMIB, you can stay updated with the latest information about our services and become eligible for exciting benefits.