Personal Loan
Pension Advance
Commercial Bank Of Ceylon PLC
Personal Loan Information
Personal Loan
Privet Banking
General
Interest Rate (P.A) : Contact Bank
Loan Tenure : Up to 10 Years
Maximum Loan Amount : LKR 5,000,000
Rates and terms last verified on 5 August 2025.
Description
You can also apply for a Personal Loan up to 5Mn with a repayment period of up to 10 years subject to full settlement of the loan prior to reaching 75 years of age.
Features
- An advance of Up to 75% of the monthly pension.
- Apply just one time and use the facility whenever you need it.
- Withdraw funds from ATMs across the country through your Debit Card.
Eligibility
- You should be a government pensioner or widow/widower who receives their pension through Government Pensions Department or should be a pensioner of Central Bank of Sri Lanka or Ceylon Electricity Board who is below 74 years of age.
- Your minimum net pension should be Rs 25,000/- per month.
- your pension should have been credited to your Commercial Bank account at least during the previous or current month.
Documents Needed
- Pension Advance application.
- Current A/C Account Mandate (introduction not required).
- NIC Copy of National Identity Card / Valid Passport/ Valid Driving License.
- Address verification documents indicating applicant’s name and address (if applicable). More info >>
- Pensioners' Identity Card.
- Customer request to remit monthly pension to Commercial Bank (GPL 01).
- Affidavit prescribed by the Department of Pensions (GPL 03).
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