Eligibility
Eligibility
- The Pinnacle Home Loan is available for customers who qualify under our exclusive Pinnacle Segment/Proposition.
Exclusive Features
Exclusive Features
- Choose from flexible or fixed competitive interest rates to suit your financial situation.
- Get pre-approved housing loan in Sri Lanka in just 3 working days. With our pre-approval home loan, you can confidently move forward with your property investment, knowing your financing is secure.
- Benefit from the guidance of our expertly trained officers, who are available throughout our branch network and ensure a smooth, stress-free loan process.
- Enjoy the convenience of banking at your doorstep. Please contact any of the contact numbers mentioned below, and we will have a bank representative visit your home or office at your convenience.
Home Loan Purposes
Home Loan Purposes
Our Pinnacle Home Loans cater to the following needs:
- Purchasing, building, or renovating your dream home.
- Acquiring land for future development.
- Buying a condominium property.
- Extending or completing an existing house.
- Engaging in home improvements,including eco-friendly upgrades like solar panels.
Repayment Terms
Repayment Terms
Our home loans offer a maximum repayment period of 20 years, depending on your age at retirement (up to a maximum of 60 years). We provide flexible payment options:
- Equated Monthly Installments (EMI): Fixed capital and interest payments.
- Equal Monthly Installments: Equal capital instalments with reduced interest.
- Structured Repayments:Options include step-up plans, grace periods, annual bullet payments, and loans with residual balances.
Click here to have a look at your installment calculation (Home Loan Calculator)
Condominium Financing
Condominium Financing
Whether for residential or investment purposes, we partner with leading developers to help you purchase your ideal condominium apartment.
Loan Value
Loan Value
The loan amount is based on your repayment capacity and the property’s Forced Sale Value (FSV). We offer up to 75% of the Bill of Quantities (BOQ) value for construction loans.
Required Documents
Required Documents
General Documentation:
- Completed application form.
- Consent is required from the vendor indicating the selling price (only for purchasing land or residential property).
For Employed Applicants:
- Confirmation letter detailing job title, salary, allowances, and service period.
- Employee’s agreement to remit salary to their DFCC Bank account.
- Last six months’ salary slips.
For Other Income:
- Last six months’ bank statements.
- Business registration certificate, if applicable.
- Income tax records and financial statements for the past three years.
Legal Documentation:
- Copies of title deeds and related survey plans.
- Certified property history extracts (covering the last 30 years).
- Local authority certificates (issued within the previous six months) such as:
- Street line/building line approvals.
- Non-vesting certificates.
- Ownership certificates.
- Tax receipts/assessment notices.
For House Purchases or Construction:
- Approved building plans or a letter confirming approval is not required.
- Certificate of Conformity (COC) for property purchases.
- Bill of quantities (BOQ) acceptable to the bank (for house construction).
Insurance:
- Decreasing Term Assurance (DTA) policy covering the full loan amount.
- Fire, SRCC, and subversive insurance assigned to the bank.
Note: Additional documents may be requested by the bank if needed.
Contact Us
Contact Us
For further details, contact your Relationship Manager or the nearest DFCC Bank branch. Let us help you start your journey toward homeownership today!
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
It is a premium home financing solution that offers competitive rates and flexible repayment terms for buying, building, or renovating a home.
Eligibility is determined by the Pinnacle Segment/Proposition, available to individuals looking to purchase or improve homes, land, or condominium properties.
You will need to submit an application form, vendor consent (for purchases), employment confirmation, salary slips, and relevant legal documents such as title deeds.
Pre-approval is granted within 3 working days once your income details are verified.
You can choose between EMI, equal monthly instalments, or structured repayments with options like step-up plans and annual bullet payments.
The amount depends on your repayment capacity and the property’s FSV. The loan can cover up to 75% of the BOQ for construction.
Yes, you will need a DTA policy and fire insurance assigned to the bank.
Contact your Relationship Manager or the nearest DFCC Bank branch for more information.