Loans for your situation
Bank schemes for specific groups often cost less than a general personal loan.
Rates checked 14 October 2026 on each bank’s own website
Government employees
NSB 13.00–13.50%, plus armed forces, police and Department of Posts rates.
Pensioners
BOC from 12.50% and NSB 13.00% for up to 15 years.
Migrant workers
NSB 12.50% for up to Rs. 3 million, and BOC pre-departure loans.
Lowest published rate for each group
| Group | From (a year) | Bank | Details |
|---|---|---|---|
| Government employees | 13.00% | NSB | See rates |
| Pensioners | 12.50% | BOC | See rates |
| Migrant workers | 12.50% | NSB | See rates |
Each of these schemes costs less than BOC’s general Personal Loan Scheme (14.00% a year) and far less than an online loan (190% APR or more). Bank loans take longer to approve and need documents and often guarantors, so apply early if you can.
Bank loans like these cost around 11–15% a year. Online loans are faster but cost from 190% APR to over 800% a year, so use them only for small, short, urgent needs. Compare bank personal loan rates.