ComBank partners with APIIT to support students with Education Loans

Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with the Asia Pacific Institute of Information Technology (APIIT) Sri Lanka to promote the Bank’s Education Loans among students pursuing higher studies.

Under this collaboration, Commercial Bank will provide students of APIIT with attractive and affordable loan facilities to pursue their academic aspirations. 

The Bank’s Education Loans cover up to 90 percent of course fees subject to a maximum of Rs. 10 million and also offer laptop loans of up to 100 percent of the purchase price to a maximum of Rs. 1 million. Students will also benefit from a grace period of up to two years and a waiver of up to 50 percent on documentation charges, the Bank said.

APIIT is a private higher education institute in Sri Lanka offering diploma, undergraduate, and postgraduate programmes in computing, business, law, and related fields. It is affiliated with Staffordshire University in the UK and the Asia Pacific University of Technology and Innovation in Malaysia.

This collaboration gives students the opportunity to pursue their chosen fields of study with greater financial flexibility and contributes to developing a skilled workforce for the future.

The first Sri Lankan bank with a market capitalization exceeding US$ 1 billion, Commercial Bank was also the first bank in the country to be listed among the Top 1000 banks of the world, and has the highest capital base among all Sri Lankan banks.