A-
A
A+

Frequently Asked Questions:

1. What purpose can I obtain a housing loan for?

Purchase or construct a house
Purchase a land
Renovate, extend or complete an existing house
Settle an existing housing loan
Home improvements
Purchase a condominium

2. Documents required for the housing loan

Details of income
Title deeds and approved survey plan
Non vesting/ownership/street line and building lines certificate from local authority
Tax receipts for the last quarter
Bill of quantities
Approved condominium plan, tripartite agreement with power of attorney favoring the bank

3. Do we need a security for the loan?

yes

Mortgage over house and property
Mortgage over the land

4. What will be the maximum repayment period?

25 years (The loan should be totally repaid by the Age of 60)

5. Who can apply for a home loan?

Salaried employees
Professionals
Businessmen
Sri Lankans employed abroad
Joint borrowers –spouse, parents with son/daughter 18 years old