Sri Lanka, Aug. 31 -- Eligible pensioners can now access financing through the DFCC Garusaru Pension Loan, with repayment periods of up to 15 years and a choice of fixed or variable interest rates.
The facility can be used for significant expenses that may arise during retirement, including medical needs, home improvements and other personal requirements. The longer repayment period can make monthly instalments more manageable, while the fixed-rate option gives customers greater certainty when planning their household budgets.
DFCC Bank Vice President and Head of Products and Propositions Asitha Pinnaduwa said; "Retirement income may be predictable, but significant expenses do not always arrive in manageable amounts. We structured Garu...