LB Finance promotes ‘Pragathi’ educational loan

The ‘Pragathi’ degree loan by LB Finance now offers the most flexible educational loan scheme to make the path to obtaining a degree more convenient. 

This loan scheme is specially designed to support every financial need of a student, starting from the registration fees, tuition fees, boarding fees, air travel expenses and every other expense that gets in the way of their higher education dream.

One of the main issues which students and parents currently face when deciding on an educational loan scheme is the monthly installment amount. However, LB Finance provides the perfect solution for this - a monthly payment of only Rs. 15,000 is required for a loan of Rs. 1 million which enables the borrower to pay a small amount while studying and settling the rest once he or she starts working.

‘Pragathi’ educational loans provide a bundle of facilities including the facility of starting a joint loan with parents or a spouse and the loan provides a maximum loan amount with flexible payment plans. The loan scheme is applicable for any local or foreign degree from a university or institute and for any professional qualification including CIMA, CIM, SLIM, AAT, IPM, fashion degrees and MBAs. 

LB Finance was adjudged among the Top 20 Sri Lankan brands at the Interbrand Best Sri Lankan Brands 2017, and was the only finance and leasing company to be crowned among the top 20, proving that LB Finance is the number 1 finance and leasing brand in Sri Lanka. 

Further, LB Finance is rated (A-) by Fitch Ratings which ensures the financial stability of the organisation. It is a well renowned company across the island in providing a wide range of financial solutions to every citizen at every step of their lives for over the past 46 years, including leasing facilities, housing loans, educational loans, personal loans, gold loans, micro financing solutions, Islamic Finance, Western Union Money Transfer, fixed deposits, kids and senior citizens savings accounts and many more financial facilities. 

The ‘Pragathi’ educational loan by LB Finance is a unique product in the education finance space which helps students to continue higher education, work towards a career option of their choice and foster an academically empowered environment within the country.