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Summary Key Purposes Eligibility Help
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Shrama Udana Loan

The Shrama Udana Loan is designed specifically for members of the Employer’s Provident Fund (EPF) seeking financial support for your housing needs. Shrama Udana enables you to achieve your housing goals and enhance your living conditions.

Loan Amount

  • If you are currently employed and contributing to EPF you can borrow up to 75% of your EPF balance
  • If you are not currently contributing to EPF, you can borrow up to 50% of your EPF balance

Loan Installment

  • The monthly installment can be up to 60% of the salary for eligible borrowers.
  • For other individuals, the loan installment will be subject to the evaluation of disposable income

Apply Now

• Download application from the bank website and submit to the closest branch.

• Visit our branches island-wide and our dedicated team will guide you through the process

Key Purposes

  • Purchase of a house
  • Purchase of a plot of land to build a house
  • Building a house
  • Adding extensions to an existing house
  • Completing a partly built house
  • Obtaining water facilities, sanitary facilities, and electricity
  • Settling an existing housing loan

Eligibility

  • Only members of the Employees Provident Fund are eligible.
  • Members who are presently contributing and also those who are not contributing to the fund can apply 

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