Pension Advance
Commercial Bank Of Ceylon PLC
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Rates and terms last verified on 5 August 2025.
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.
- 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.
- 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.
- 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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About the Pension Advance
The Pension Advance is a personal loan from Commercial Bank in Sri Lanka. Its listed rate is Contact Bank. The features, eligibility and documents above come from the bank's published terms; confirm them with Commercial Bank before you apply, as rates and conditions change.
Before taking a personal loan, compare the interest rate and whether it is fixed or floating, the maximum amount and repayment period, processing fees, early settlement charges, and the income and documents each lender asks for.
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