On the National Pensioners' Day which was celebrated on October 8, National Development Bank PLC (NDB) extended its heartfelt gratitude and admiration to all the pensioners across Sri Lanka for their tireless dedication and contribution to our motherland.
In recognition of their enduring legacy and to support their well-being, NDB's dedicated financial offering, the NDB Aachara Loan Scheme, provides Sri Lankan pensioners with the support they need to lead a comfortable and secure retirement. This specially tailored loan scheme reflects NDB’s commitment to enhancing the lives of pensioners and acknowledging their significant contributions over the years, the bank said in a media release.
The NDB Aachara Loan Scheme offers a maximum loan amount of Rs. 4.5 million with a repayment period of 15 years subject to a maximum age limit of 75 years, ensuring manageable monthly payments. This unique financial solution also comes with life insurance coverage, ensuring peace of mind for both the borrower and their family, as the loan will be settled in full in the unfortunate event of the borrower's passing. Additionally, there is no security requirement, making the application process straightforward and accessible.
To be eligible for the NDB Aachara Loan Scheme, the applicant must be a recipient of a pension from the Department of Pensions Sri Lanka and credit the pension to an NDB Aachara Account. The scheme is designed to offer pensioners the financial support they need while allowing them to enjoy the benefits of a trusted banking partnership.
The Finance Ministry has released full details of the removal of the suspension on Importation of Motor Vehicles.
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