Especially designed for retired Government servants and pensioners of the Ceylon Electricity Board (CEB), the Upahara loan scheme empowers Sri Lankan senior citizens to continue in their pursuit of happiness and fulfillment during their post-retirement life, while also contributing to the national economy.
FEATURES AND BENEFITS
- Loans up to Rs. 5 million
- Repayment period up to 10 years, and 75 years of age
- Lowest insurance charge
- Automatic loan protection cover for all applicants
- Assistance in swift transfer of pension salaries
Eligibility
- Retired Government servants and CEB pensioners below 75 years of age
- Remittance of loan applicant’s pension to an SDB account
Required Documentation
- A duly filled loan application
- Copy of the national identity card / passport / driver’s license for identification
- Address verification document (i.e. copy of fixed utility bill, bank statement, etc) if current postal address differs from the national identity card or identification document
- Any other document requested by the Bank