Self Employment Promotion Initiative Loan Scheme - "SEPI"

Purpose :

  • Provide financial assistance to trained youth who have passed out from recognized vocational training institutions in Sri Lanka, to set up self employment projects

Eligibility :

  • Be a citizen of Sri Lanka
  • Have completed a National Vocational Qualification programme or any Skill Development programme and an Entrepreneurship course under  a reputed recognized Vocational Training Institute registered under the Ministry of Vocational & Technical Training (MVTT)
  • Have a suitable location for the proposed enterprise
  • Submit a basic business plan acceptable to the bank
  • Should not be a willful defaulter 

Loan Amount :

  • Maximum Rs. 500,000/-

Rate of Interest :

  • 9 % per annum

Repayment Period :

  • 4 years including an optional grace period of 8 months

Area of Operation :

  • All Island

* Conditions Apply

(Bank of Ceylon holds the authority to change, add or revise any condition, term or statement in this facility).

For more information, please contact the Manager at your nearest BOC Branch or call centre: 011 220 4444

Manager,
Development Banking Division, 

25th Floor, Head Office,
Bank of Ceylon,
No: 01, BOC Square, Bank of Ceylon Mawatha
,
Colombo: 01.
Tel: 011 220 5013 / 011 220 5037 / 011220 5003,
Fax: 011 2445805