Pensioner Loan

---

Looking for an excellent way of making your pension fund work better for your financial situation? With Seylan Pensioner Loan scheme you can meet your various family & personal needs after retirement.

Loan for any purpose

• Maximum loan amount LKR 5,000,000/-
• Convenient Banking with –Island wide Branch Network , ATM network, Cash Deposit Machines & 365 day Banking
• Easy – access Banking- Internet Banking/ SMS Alert/ Mobile Banking

Repayment

• Repayment period up to 10Years, subject to full settlement prior to reaching 75th birthday.
• Existing pension loan client could apply for a subsequent loan after completion of 12 calendar months from the date of obtaining the last pension loan.

Eligibility

• Government Pensioner or widower/widow who receives spouse’s pension through Pension Department.
• Need to be below 74 Years of Age.
• Pension should be assigned to Seylan Bank account at the time of processing the loan.

Documentation Requirement

• National Identity Card
• Original Billing proof
• Pension identity containing pension number
• Duly perfected affidavit

Charges

• Processing fee LKR 2,500/-
• Loan Protection Policy charge

Interest Rate

w.e.f. 15.09.2021

Tenure (Fixed)	Rate(%)
01 Year	7.50
02 Years	8.00
03 Years	8.50
04 Years	9.00
05 Years	9.75
06 Years	10.25
07 Years	10.75
08 Years	10.75
09 Years	10.75
10 Years	11.00