Loans for Professionals
Personal Loan for Members of professional bodies
This loan scheme is designed to provide financial support to professionals in designated sectors.
Eligible sectors
- Health Sector
- Members of the Government Medical Officers Association
- Members of Sri Lanka Medical Council and Government Ayurveda Medical Officers
- Members of the Government Dental Surgeons Association
- State Veterinary Surgeons Association and the Veterinary Council of Sri Lanka
- Government Service Nursing Staff, Nursing Staff in Probation Period and the Students of NTS
- Members of Medical Laboratory Technologists (MLTs) - SLASA/SLEASA/SLPSA/GICTPA
- Engineers (IESL, IIESL)
- Tri Forces (Army, Navy, Airforce), Sri Lanka Police
- Government Employees
- Accountants
- Professional Qualified Persons ( MAAT, ACA, FCA, ACMA, CGMA, ACCA)
- Employees of the office of the President/ Prime Minister
- Permanent Employees of the Institute of Bankers of Sri Lanka (IBSL)
- Employees of Sri Lanka Insurance Corporation (SLIC)
- Academic/Non-Academic Staff of Sri Lanka Institute of Information Technology
(SLIIT) - Customs
- Valuers
- Members of the Government Surveyors Association
- Members of the Association of the Government Scientific Officers (AGSO)
- Employees of Airport and Aviation Services
Documents Required
- Loan Application
- Letter from Employer confirming service, position & salary
- Form No. 375 (Permanent employees only)
- DTA Policy
- Any other documents if required
Security
- One/ two guarantors in the same/higher grade to the borrower based on the loan scheme.
For more information, please contact the Manager at your nearest BOC Branch or the Call Centre at 1975
- Personal Loan for Members of the Government Medical Officers Association
- Personal Loan for Members of Sri Lanka Medical Council and Government Ayurveda Medical Officers
- Personal Loan for Members of Government Dental Surgeons Association
- Personal Loan for State Veterinary Surgeons Association and the Veterinary Council of Sri Lanka
- Personal Loan for Government Service Nursing Staff, Nursing Staff in Probation Period and the Students of NTS
- Personal Loan for Members of Medical Laboratory Technologists (MLTs)
- Personal Loan for Members of Medical Laboratory Technologists (MLTs)
1. Personal Loan for Members of the Government Medical Officers Association
This loan scheme provides financial support to the Members of the Government Medical Officers Association (GMOA)
Eligibility
- Age below 63 Years
- Adequate repayment capacity
Features
- Can apply up to Rs. 15.0 Million maximum loan amount based on the repayment capacity within 60% of gross salary.
- 60% of private practice income considered as other income.
Documents required
- Loan Application
- Letter from Employer confirming service, position and salary
- Letter from GMOA
- Form No. 375
- DTA Cover Policy
- Any other documents required if any
Security
- Permanent cadre employees with take home salary of Rs. 75,000/- or above, require no guarantors.
- If take home salary is below Rs. 75,000/- one (1) guarantor is required from permanent carder in same / higher grade to the borrower
2. Personal Loan for Members of Sri Lanka Medical Council and Government Ayurveda Medical Officers
This loan scheme provides financial support to the Members of Sri Lanka Medical Council (SLMC) and Government Ayurveda Medical Officers (GAMO)
Eligibility
- Age below 63 Years
- Adequate repayment capacity
Features
- Can apply up to Rs. 15.0 Million maximum loan amount based on the repayment capacity within
- 60% of gross salary.
- 60% of private practice income considered as other income.
Documents required
- Letter from Employer confirming service, position and salary
- Letter from SLMC/ GAMO
- Form No. 375
- DTA Cover Policy
- Any other documents required if any
Security
- Permanent cadre employees with take home salary of Rs. 75,000/- or above, require no guarantors.
- If take home salary is below Rs. 75,000/- one (1) guarantor is required from permanent carder in same / higher grade to the borrower
3. Personal Loan for Members of Government Dental Surgeons Association
This loan scheme provides financial support to the Members of Government Dental Surgeons Association (GDSA)
Eligibility
- Age below 63 Years
- Adequate repayment capacity
Features
- Can apply up to Rs. 15.0 Million maximum loan amount based on the repayment capacity within 60% of gross salary.
- 60% of private practice income considered as other income.
Documents required
- Loan Application
- Letter from Employer confirming service, position and salary
- Letter from GDSA
- Form No. 375
- DTA Cover Policy
- Any other documents required if any
Security
- Permanent cadre employees with take home salary of Rs. 75,000/- or above, require no guarantors.
- If take home salary is below Rs. 75,000/- one (1) guarantor is required from permanent carder in same / higher grade to the borrower
4. Personal Loan for State Veterinary Surgeons Association and the Veterinary Council of Sri Lanka
This loan scheme provides financial support to the Members of State Veterinary Surgeons Association (SVSA) and the Veterinary Council of Sri Lanka (VCSL)
Eligibility
- Age below 60 Years
- Adequate repayment capacity
Features
- Can apply up to Rs. 15.0 Million maximum loan amount based on the repayment capacity within 60% of gross salary
- 50% of private practice income considered as other income
Documents required
- Loan Application
- Letter from Employer confirming service, position and salary
- Letter from SVSA and VCSL
- Form No. 375
- Any other documents required if any
Security
- Permanent cadre employees with take home salary of Rs. 75,000/- or above, require no guarantors.
- If take home salary is below Rs. 75,000/- one (1) guarantor is required from permanent carder in same / higher grade to the borrower
5. Personal Loan for Government Service Nursing Staff, Nursing Staff in Probation Period and the Students of NTS
This loan scheme provides financial support to the Government Service Nursing Staff, Nursing Staff in Probation Period and the Students of NTS
Eligibility
- Age below 63 Years
- Adequate repayment capacity
Features
- Permanent Carder Nursing Staff - Maximum loan amount - Rs. 10.0 Million based on the repayment capacity within 50 % of 6 months average over time of the nurses in permanent staff.
- Nursing Staff in Probation Period - Maximum loan amount - Rs. 2.5 Million
- Students in NTS - Maximum loan amount for Final year students - Rs. 1.0 Million
- Others who have completed 6 months training period - Rs.0.5 Million
Documents required
- Loan Application
- Letter from Employer confirming service, position and salary
- Form No. 375
- Any other documents required if any
Security
- Permanent Nursing Staff - One (1) Guarantor (same/ higher grade to the borrower)
- Nursing Staff in Probation Period - One (1) Guarantor (same/ higher grade to the borrower)
- Students in NTS and Others who have completed 6 months training period – Two (2)
- Guarantors for both categories
- Visit BOC Website: https://boc.lk/index.php?route=rates/rates
6. Personal Loan for Members of Medical Laboratory Technologists (MLTs)
Eligibility
- Age below 60 Years
- Adequate repayment capacity
- Members of CMLSSL in following grades
- Superintendent of Medical Laboratory Scientists
- Medical Laboratory Scientists
- Superintendent Medical Laboratory Technologists
- Medical Laboratory Technologists
Features
- Can apply up to Rs. 10.0 Million maximum loan amount based on the repayment capacity within 60% of gross salary.
- 50% of six months average of other income considered
Documents required
- Loan Application
- Letter from Employer confirming service, position and salary
- Form No. 375
- Any other documents required if any
Security
- One guarantor in permanent cadre in same / higher grade)
- Loan can be obtained without guarantors, subject to following conditions
- Monthly net salary above Rs. 75,000/- having maintained a relationship with the bank for more than one year
- Monthly net salary above Rs. 100,000/- having maintained a relationship with the bank for more than three (3) months
7. Personal Loan for Others in Health Sector
This loan scheme provides financial support to the permanent cadre employees in Government Health Sector
Eligibility
- All Permanent cadre employees in Government Health Sector who are not eligible for credit facilities under existing Loan Schemes for specific job categories (Ex: Credit facilities for Doctors, Nurses, MLTs, etc.)
Features
- Up to Rs. 10.0 Million based on the 60% of gross salary
- Visit BOC Website: https://boc.lk/index.php?route=rates/rates
Documents required
- Loan Application
- Letter from Employer confirming service, position & salary
- Form No. 375
- DTA Policy
- Any other documents required if any
Security
- Two (2) Guarantors in permanent cadre (same / higher grade)
Personal Loan for the Members of Administrative Services
This loan scheme provides financial support to the Member of Sri Lanka Administrative Service Association or Sri Lanka Educational Administrative Services Association for any personal need legally acceptable to the bank.
Eligibility
- Age bellow 60 Years
- Adequate repayment capacity
Loan Amount
| Cadre | Maximum Amount | Credit Card Limit |
| Special Grades | 7.0 Million | 1.0 Million |
| Class I Officers | 5.0 Million | 0.75 Million |
| Class II Officers | 5.0 Million | 1.0 Million |
| Class III Officers | 4.0 Million | 0.75 Million |
| (Monthly installment up to 60 months) | ||
Security
- One Inter–Service Guarantor
- Credit card on clean basis
Documents Required
- Loan Application
- Form no 375.
- DTA Policy
- Letter from Sri lanka Administrative Service Association
Personal Loan for Engineers
This loan scheme provides financial support to the members of IESL & IIESL in the corporate and Non – Corporate sector for any personal needs, legally acceptable to the bank.
Eligibility
- Age bellow 60 Years
- Adequate repayment capacity
Security
- Credit card on Clean basis
- Corporate members – One (1) Guarantor
- Non - Corporate members – Two (2) Guarantors
Documents Required
- Loan Application
- Letter from employer
- Form no 375.
- DTA cover policy
Loan Amount
| Professional Membership | Maximum Quantum of Loan | Credit Card Limit |
| IESL Members – Chartered Engineers | ||
| Corporate,(Fellow & Member) | 7.0 Million | 1.0 Million |
| Non Corporate (Associate member & Associate) | 5.0 Million | 0.75 Million |
| IIESEL Members – Incorporated Engineers | ||
| Corporate,(Fellow & Member) | 5.0 Million | 1.0 Million |
| Non Corporate (Associate member & Associate) | 4.0 Million | 0.75 Million |
| Health Sector | SLAS /SLEAS | Engineers | Forces | Govt. Employees | Accountants |
4. Forces
Personal Loan for Armed Forces
a). Loan for Regular Cadre of the Sri Lanka Air Force
This loan scheme provides financial support to the Regular Cadre of the Sri Lanka Air Force for any personal needs, legally acceptable to the bank
Eligibility
- Age bellow 55 Years
- Adequate repayment capacity
Loan Amount
- Senior Ranks Maximum up to Rs. 4,000,000/-
- Junior Ranks Maximum up to Rs. 2,000,000/-
- Other Ranks Maximum up to Rs. 1,000,000/-
(Equal installment up to 84 months)
Security
- Two (2) personal Guarantors in the same grade or above
Documents Required
- Loan Application
- Form no 375.
- DTA Policy
- Letter from payment authority
b). Loan for Regular Cadre of the Sri Lanka Navy
This loan scheme provides financial support to the Regular cadre of the Sri Lanka Navy for any personal needs, legally acceptable to the bank.
Eligibility
- Age bellow 55 Years
- Adequate repayment capacity
Loan Amount
- Senior Ranks Maximum up to Rs. 4.0 Million
- Non - Commissioned officer Grades Maximum up to Rs. 1.0 Million
- Other Ranks Maximum up to Rs. 1.0 Million
Equal installment up to 84 months)
Security
- Two (2) personal Guarantors in the same grade or above
Documents Required
- Loan Application
- Form no 375.
- DTA Policy
- Letter from paying authority
Motor Vehicle Loan Scheme for Government Employees
This loan scheme provides financial support to Government and Provincial Public Sector employees to purchase Motor Vehicles
Eligibility
- Should be a Permanent Officer of the Central Government or Provincial Public Service
- Should possess a valid driving license
- A loan under this scheme may be obtained only once in five years
Loan Purpose
- Maximum 1500 CC Petrol / 2200 CC Diesel Motor car or Van
- Payment of custom duties, landing charges, agency charges and import permit charges
Loan Amount
- Up to a maximum of Rs.3 Million
Security
- Mortgage over motor vehicle / motor cycle / scooter
- Personal Guarantee of two (2) officers of similar or higher grade
- Assignment over comprehensive insurance policy
Documents Required
- Loan Application
- Pro Forma Invoice
- Declaration from the seller (for second hand vehicle)
- Valuation Report
- Certificate of Registration
- Comprehensive Insurance Policy
- Revenue License for the current year
- Certificate from the Head of the Department
- Form No 375
b). Personal Loan for University Staff (Academic & Non-Academic)
This loan scheme provides financial support to university staff (working at institutions approved by UGC) for any personal needs legally acceptable to the bank
Eligibility
- Should be an officer with a minimum of 5 years in service and confirmed in the service
- Academic Staff: Age bellow 65 Years
- Non-Academic staff: Age bellow 60 Year
Loan Amount
- Academic Staff: Up to a maximum of Rs.5 Million
- Non-Academic Staff: Up to a maximum of Rs. 5 Million
(Equal installments for a maximum up to 84 months)
Security
- Personal Guarantee of two (2) officers of similar or higher grade
Documents Required
- Loan Application
- Copy of Job Identity Card
- Form No 375
c). Purchase of Motor Bicycles
This loan scheme provides financial support to Government Departments / Corporations and Statutory bodies to purchase Bajaj, Honda, and Hero Motor Cycles
Eligibility
- Should be a Permanent Officer of Government, Corporation or Statutory bodies
- Should possess a valid Motor Bicycle Driving License.
- Age below 50 Years
Loan Amount
- Up to a maximum of Rs.300, 000/- (Equal installments for a maximum up to 48 months)
Security
- Mortgage over motor vehicle / motor cycle / scooter
- Personal Guarantee of two (2) officers of similar or higher grade
- Assignment over comprehensive insurance policy
Documents Required
- Loan Application
- Pro Forma Invoice
- Valuation Report
- Certificate of Registration
- Comprehensive Insurance Policy
- Certificate from the Head of Department
- Form No 375
Personal Loan for Accountants
This loan scheme provides financial support to the Member of Sri Lanka Accountants’ Service Association for any personal needs, legally acceptable to the bank
Eligibility
- Age below 60 Years
- Adequate repayment capacity
Loan Amount
- Special Grades Maximum up to Rs. 2.0 Million
- Grade I % II Maximum up to Rs. 1.5 Million
- Grade III Maximum up to Rs. 0.5 Million
(Equal installment up to 84 months)
Security
- One (1) Inter–Service Guarantor
Documents Required
- Loan Application
- Form No. 375.
- DTA Policy
- Letter from Sri Lanka Accountants’ Service Association
