TO OBTAIN A LOAN FROM LADY LOCHORE LOAN FUND YOU SHOULD BE :In a government pensionable post with 3 years confirmed service status.
Maximum loan amount is Rs’.250,000(Staff grade officers). You can have a loan of more than Rs.20,000 up to Rs.100, 000/- ( Non-Staff Employees) at a time.
Following loan Schemes are available:
|LOAN AMOUNT||INSTALLMENT (RS)||INSTALLMENTS|
WE GRANT RS 250000 LOAN TO THE STAFF OFFICERS ONLY.
Normally in three weeks. But in case where there are issues it many take more time.
Normally loan settlement duration period is 24 Months or by 24 instalments. For more details please refer the answer or Question No: 3above.
Yes, you can.
Yes. All you have to do is to give the account holder's National Identity Card number to our Computer Division correctly.
No. The reason is that we are unable to recover our instalment payments if your other deductions exceed the 40% limit.
You should propose two guarantors with pensionable service and 3 years of permanent service .
No. Before applying for a new loan you should refund the balance and settle the loan account in full.
No.Your loan interest rate will be 11.5% per annum. And it will be calculated on flat rate of your loan account.
Yes you can. You should submit his/her National Identity Card or a photocopy, to validate applicant’s identity. But if the applicant already has an account with arrears or dormant in Lady Lochore Loan Fund you can’t obtain an application form for him/her (your friend). In that case the applicant should visit the LLLF to obtain an application. You can also visit LLLF website (www.lochorefund.gov.lk) and downloadinga form free of charge.
Yes. You should send a self addressed 9"x4" envelop with Rs.15/- stamps on it along with an Rs.170/- money order for the application.
Please refer the answer in No.03 above.
Yes. Yours and your guarantors recent pay sheets should be certified by the Head of the department where they are working..
Yes. Participation of all three is a must.
Yes. After submitting the duly filled C/L form you can have the cheque.
No. But if there is a remaining loan balance in your loan account, you have to pay the balance and settle off the loan account first. Then you are eligible to apply for a new loan.
Yes. in that case the application should be duly completed by the applicant.