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About 'Kruthahastha' Pension Loan
LB Finance 'Kruthahastha' Pension Loan is specially designed for government pensioners to meet personal financial needs such as medical expenses, home renovation or other personal requirements. The loan is granted based on the applicant pension income.
The product offers fast approval, insurance coverage, island-wide branch support and an early termination option. Customers can obtain a maximum loan amount up to Rs. 15 million, based on the borrower age, monthly pension and credit risk profile.
- Specially designed for government pensioners.
- Useful for medical expenses, home renovation and personal requirements.
- Loan granted based on pension income.
- Fast approval and island-wide branch support.
- Maximum loan amount up to Rs. 15 million, subject to eligibility.
- Repayment period up to 15 years, subject to maximum age limit of 75 years.
Why Choose LB Finance?
- Designed for Pensioners
- A dedicated loan facility for government pensioners.
- Supports Personal Needs
- Use the facility for medical expenses, home renovation or other personal needs.
- Up to Rs. 15 Million
- Maximum loan amount is based on age, monthly pension and credit risk profile.
- Long Repayment Period
- Repayment can extend up to 15 years, subject to the maximum age limit of 75 years.
- Insurance Coverage
- Insurance coverage is included as a key feature.
- Island-Wide Support
- Access support through LB Finance branches island-wide.
Who Can Apply?
- Government pensioners.
- Applicants with pension income acceptable to LB Finance.
- Customers whose monthly pension can be remitted to an LB Savings Account.
- Applicants who can provide identification, address proof and pension income documents.
- Customers who meet age, income and credit risk eligibility requirements.
Documents You'll Need
- Identification documents.
- Proof of address.
- Pension income documents.
- Other income proof documents, if applicable.
- Guarantor details: NIC or billing proof.
- Any other documents requested by LB Finance.
How to Apply in 3 Simple Steps
1
Apply Online or Visit Branch
Start your Kruthahastha Pension Loan inquiry with LB Finance.
2
Submit Pension & Identity Documents
Provide identification, address proof, pension income documents and guarantor details.
3
Get Approval & Receive Funds
Once approved, complete documentation and receive the loan facility.
Frequently Asked Questions
The loan is specially designed for government pensioners.
The maximum loan amount is up to Rs. 15 million, based on the borrower age, monthly pension and credit risk profile.
The repayment period can be up to 15 years, subject to a maximum age limit of 75 years.
Yes. The monthly pension should be remitted to an LB Savings Account.
Applicable charges include online fund transfer fee, documentation charges and loan protection insurance cover.
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