Housing Loans FAQs
Outright purchase of a residential house.
Outright purchase of a bare land.
Construct a House on own land.
Purchase a land and construct a house.
Purchase of a Condominium property.
Renovation of existing house.
Extension or completion of existing house.
Home Improvements.
LKR 50,000 per month (Basic + Fixed and part of Variable Allowances)
Maximum Tenor of 20 years subject to a maximum age limit up to the retirement age.
Yes, the salary assignment is necessary.
75% of the FSV (As per the valuation) for outright purchases or 75% of BOQ (Bill of Quantity) for constructions.
For Condominiums,
70% of FSV for completed units
60% of purchase consideration for units under construction.
Primary mortgage over the property for which the loan is obtained.
Mortgage Protection Policy in the name of the Borrower.
The bank funds the needs of Dual Citizens, PR holders and Sri Lankans working abroad.
Fixed income earning customers
Variable rate - AWPLR + 3%
Business customers
Variable rate - AWPLR + 5%
However the Business customer rate depends on the customer rating and is subject to change.
