Eligible pensioners can now access financing ranging from Rs. 100,000 to Rs. 12 million through the DFCC Garusaru Pension Loan, with repayment periods of up to 15 years and the flexibility to choose between fixed and variable interest rates.
The facility is designed to support significant financial needs that may arise during retirement, including medical expenses, home improvements and other personal requirements. The extended repayment period can help make monthly instalments more manageable, while the fixed-rate option provides greater certainty for customers planning their household budgets.
Commenting on the proposition, Asitha Pinnaduwa, Vice President and Head of Products and Propositions at DFCC Bank, said: “Retirement income may be predictable, but significant expenses do not always arrive in manageable amounts. We structured Garusaru to recognise both realities. The higher loan limit allows eligible pensioners to address larger needs, while the longer repayment period and fixed-rate option make their monthly commitments easier to plan.”
The DFCC Garusaru Pension Loan is available to government pensioners, widows and widowers receiving state pensions, pensioners of the Central Bank of Sri Lanka and the Ceylon Electricity Board, as well as eligible ex-military personnel.
Applicants must be below 74 years of age at the time of application, while the loan must be fully settled before the borrower reaches 75. Monthly loan instalments may not exceed 60% of the applicant’s net monthly pension.
Seylan Bank Empowers Southern Farmers Through SME Scale-Up Programme
Further strengthening its commitment to empowering Sri Lanka’s agricultural community and supporting the growth of Small and Medium Enterprises (SMEs), Seylan Bank recently conducted an SME Scale-Up Programme for farmers in Tissamaharama.
The programme equipped participants with practical knowledge in financial management, business development and banking solutions to help strengthen and sustainably expand their agricultural enterprises.
Held at Hotel Niwahana, the programme brought together nearly 200 farmers from across the Southern Province. It provided participants with an opportunity to enhance their understanding of sound financial management practices, explore avenues for business expansion and gain greater access to banking solutions tailored to the needs of Sri Lanka’s agricultural sector.
Designed to address the evolving challenges faced by farming communities, the programme covered practical areas including managing rising agricultural production costs, strategies for scaling up existing farming businesses, improving productivity and maximising crop yields.
Participants also received guidance on using Seylan Bank’s digital banking channels to simplify day-to-day business transactions, enabling greater efficiency and convenience in managing their agricultural enterprises.
As part of the programme, Seylan Bank showcased its specialised agricultural financing solutions designed to support farmers and agribusinesses at different stages of growth.
Among these was Seylan Athwela, the Bank’s Farming System Sustainability Programme (FSSP), which offers financing of up to Rs. 5 million at a concessionary annual interest rate of 5%. The facility is designed to help farmers expand their operations, improve productivity and adopt modern agricultural practices.
The Bank also highlighted the National Credit Relief and Credit Support (NCRCS) loan scheme, which provides eligible farmers with concessionary financing at an annual interest rate of 6%. The scheme supports farmers cultivating paddy, maize, vegetables, potatoes and other approved crops, helping strengthen sustainable agricultural livelihoods while enhancing productivity.
DFCC Garusaru Expands Long-Term Financing for Pensioners with Loans of Up to Rs. 12 Million
