Loan facility for Government Pensioners

Eligible Borrowers:

  • Government Pensioners below 67 years of age
  • Loan should be applied at the branch where the monthly pension is being remitted
  • Not allowed to apply with Co-borrowers under this scheme

Purpose:

  • House Repairs
  • To meet Medical Expences
  • Educational Expences of their childen
  • Any other purpose legally acceptable (to uplift the lifestyle of the pensioners)

Loan Amount:

  • Maximum Rs: 500,000/- applicants below 60 years of age
  • Maximum Rs: 300,000/- applicants above 60 years of age

Interest Rate:

  • 14.75% p.a. variable (reviewed bi-annually)

Repayment:

  • maximum 5 years subject to full settlement of the loan 3 months prior to the applicant reaching 70 years

Security:

  • Letter of undertaking to remit monthly pension, from the Divisional Secretary where the monthly Pension is being paid
  • Decreasing Term Assurance policy issued by the Sri Lanka Insurance

* 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,
Consumer Credit, 

20th Floor, Head Office,
Bank of Ceylon,
No: 01, BOC Square, Bank of Ceylon mawatha
,
Colombo: 01.
Tel: 011 220 4522 / 011 220 4563 / 011220 4558,
Fax: 011 2338762