Commercial Bank Of Ceylon PLC · Personal Loan

Pension Advance

Interest rate p.a.: Ask bank
Maximum amount: LKR 5M
Maximum term: 10 yrs

Rates and terms last verified 5 August 2025. Confirm the current terms with the bank.

Full details on Commercial Bank Of Ceylon PLC's website

Tell us what you need and we will check which banks and finance companies on our panel could take your application. We are not a bank and do not lend. Approval and final terms are decided by the bank or finance company.

About this personal loan

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.

Who can apply

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.

Interest rate p.a.

Ask bank

Check My Eligibility

Pension Advance: common questions

What is the interest rate on the Pension Advance?

Commercial Bank does not publish a rate for the Pension Advance; ask the bank for a quote.

How much can I borrow, and for how long?

The Pension Advance goes up to LKR 5M, repaid over up to 10 yrs. The amount you are approved for depends on your income and existing repayments.

Who is eligible for the Pension Advance?

About the Pension Advance

The Pension Advance is a personal loan from Commercial Bank in Sri Lanka. 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.

See every personal loans from Commercial Bank or compare personal loans from every bank.

your pension should have been credited to your Commercial Bank account at least during the previous or current month.

Documents you'll need

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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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.

What documents do I need?

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)..

How do I apply for the Pension Advance?

Use the button on this page to send one application through AnyBanQ, or contact Commercial Bank directly. AnyBanQ is not a bank or lender; approval and final terms are decided by Commercial Bank.