People's Bank supports higher education

The People's Bank has introduced the Wisdom Higher Education Loan to encourage and support students to better themselves through higher education and fulfill their ambitions.

Irrespective of age or chosen career, the loan offers up to Rs. 10 million towards the completion of higher studies, vocational training and professional qualifications in a local or foreign institution.

With flexible repayment schemes and access to the bank's islandwide branch network, this is the ideal opportunity to pursue Diploma, first or post-graduate Degree or Professional and Vocational Qualifications.

The Wisdom Loan is a special feature of the bank's 'YES' account (Young Executive Saver), which was introduced in 2013.

With the Sisu Udana children's savings account automatically upgraded to YES accounts at the age of 18, the People's Bank hopes to encourage youth to realise their dreams.

The loan is also available to anyone in employment and school-leavers (with the joint application of a close relative).