Eligibility
Eligibility
- Minimum monthly gross income of LKR 50,000 (Basic + Fixed Allowances + 50% of Variable Allowances)
Purposes
Purposes
- To buy, build or renovate a house of your own.
- To buy your own block of land.
- To buy a condominium property.
- To extend or complete an existing house.
- To engage in home improvements. (Adding Solar Panels, etc)
Documents to be Submitted
Documents to be Submitted
- Application form
- Consent of the vendor indicating the selling price (Only for purchase of a land or residential property).
If employed,
- Confirmation letter covering designation, salary, allowances, period of service.
- Undertaking from the employee, to remit the salary to DFCC Bank account of the customer.
- Salary slips for last six months.
- In case of other income,
- Bank statements for last 6 months.
- if applicable
- Certificate of Business registration
- Income tax particulars for the past 3 years
- Financial statements for the past 3 years
- Legal Documents:
- Copies of the title deeds
- Survey plan referred to in the Deed which is duly approved by the Local Authority.
- Certified original extracts of the property for last 30 years (to be obtained not less than one month from the date of application)
- Local Authority certificates (Issued within the last six months).
- Street Line/Building line
- Non vesting
- Ownership certificate
- Tax receipts/Assessment Notices
- In case purchase of a residential property or construction of a house:
- Approved Building plan ( If approval is not required, a letter issued by the Local Authority to this effect)
- Certificate of conformity (COC) – Only for purchase of a residential property
- Bill of quantities acceptable to the bank ( Applicable only for construction of a house)
- Insurance:
- Decreasing Term Assurance Policy (DTA) to cover for the full loan amount , assigned to the Bank
- Fire, SRCC and subversive insurance cover obtained and assigned to the Bank
Condition: The bank may request additional details/documents if needed.
Key features
Key features
- Loan disbursal within 10 days – Application Collection to disbursement.
- Credit approval in one day.
- Customized Legal Guidance.
- Collection of property related documents on behalf of the customer that are required for execution of Mortgages – Local authority documents, Copies of Deeds and plans from Land Registry, Extracts for a fee.
- Innovative Customer centric Approach
- Hassle free Documentation
How to Apply
How to Apply
- Fill the inquire now section – Inquire Now or
- Visit our nearest Branch – Check the Branch Near You
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
The Express Housing Loan is a fast-track home loan offering designed for homebuyers who need quick financing. It guarantees disbursal within 10 days, providing an easy, hassle-free application process and rapid approval cycle.
Once the completed set of documents are collected, the disbursal will be completed within 10 working days. (Application collection to disbursement is 10 days)
- Speed:10-day disbursal guarantee.
- Convenience:A simplified, straightforward application process.
- Accessibility:Designed for homebuyers who need fast financing.
- Title search and legal due diligence.
- Drafting and reviewing of property sale agreements.
- Transaction management and legal guidance.
- Collection of property related documents on behalf of the customer that are required for execution of Mortgages – Local authority documents, Copies of Deeds and plans from Land Registry, Extracts.
Yes, there is an additional charge for processing the loan with below services
Minimum monthly gross income of LKR 50,000 (Basic + Fixed Allowances + 50% of Variable Allowances)
Yes, you can apply, provided you meet the eligibility criteria, including a suitable Debt Service Coverage Ratio (DSCR)
Visit any DFCC Bank branch, or speak to one of our Sales officers for assistance or email to info@dfccbank.com
If your application is not processed within the guaranteed 10-day disbursal period, bank will ensure you are informed of the reasons for the delay and take all necessary steps to resolve any issues.
The Express Housing Loan can be used for purchasing new or existing residential properties, including apartments, houses, or land. The property must meet the bank’s requirements and valuation criteria.
No, presently the Express Housing Loan is available for salaried individuals, as long as the eligibility criteria are met.
The loan amount will be based on your eligibility, which is assessed based on factors like income, credit score, property value, and your ability to repay the loan.
You can track the status of your application by contacting the branch or relationship manager.
Yes, you can pay off the loan early subject to an early settlement fees depending on the terms of the loan agreement.
Yes, a pre-qualification assessment or the prior approval to be obtained.
Yes, the Express Housing Loan is available at all DFCC Bank branches. You can apply by visiting any branch to begin your application.
