Sri Lanka
Commercial Bank
NIVAHAN
A Housing Loan with Terms in Your Favour
Obtaining a housing loan shouldn't drive you up the wall. Frustrating delays and mountain-high documents shouldn't hamper your progress. Welcome to Commercial Bank's NIVAHANA, a housing loan designed to facilitate your future.
For what purposes can I obtain a Nivahana Loan?
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| Purchase or construction of a house |
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| Purchase of a condominium apartment in urban areas |
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| Purchase a land and construct a house |
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| Renovate, extend, complete a house |
How Do I Qualify for a Nivahana Loan ?
You should have regular monthly income, individually or jointly with spouse. This income should be sufficient to meet the monthly loan commitment plus living and other expenses.
How Can I Borrow ?
Depending on your need and the income you can borrow between Rs. 750,000/- and Rs. 5 million. Even if your need exceeds Rs. 5 million, you can still negotiate with your Branch Manager for a higher amount.
What is the Interest rate ?
Our interest rates are very attractive and highly competitive. What's more, we give you a choice Fixed or Floating. NIVAHANA is so flexible.
What About Repayment ?
A repayment period of up to 20 years can be given depending on your age. Also you can select from 2 modes of payment:
What are the Advantages of Nivahana when Compared with Similar Loans ?
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| Minimum documentation |
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| Flexible approach and fast approval |
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| Longer repayment period |
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| Fixed or Floating rate of interest |
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| Attractive and competitive interest rates |
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| Convenience of our island wide branch network |
More Info : http://www.combank.net/newweb/html/pb_nivahana.asp
------------------------------------------------------------------Nation’s Trust Bank
- To purchase a house
- To purchase land and construct a house
- Renovate, complete & extend a house
- Purchase an apartment
- Repay a loan obtained from a recognized financial institution
- Convert part of a house for commercial use
Product features
Amount
• Minimum LKR 300,000/-
• Maximum LKR 30 million
- Interest rates
• Floating Rate reviewed annually
• Fixed rate - Disbursement
• Purchasing land/house - one installment.
• Construct the house - in stages
• To renovate the existing house – in one installment or in stages. - Special benefits
• Grace period of 12 months (for construction only) during which only interest is repaid.
• Personal Loans to furnish the house are available
Repayment
- Maximum repayment period of 30 years
- Equated monthly installments
Calculate On Line : http://www.nationstrust.com/calculators.asp?LoanID=1
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NSB (National Savings Bank)
Minindu Sevana
National Serving bank which has always been your friend in need,now offers you housing loan facilities with a host of special concessions to enable you to make your dream home come true.
For what purposes are loans granted?
- To construct or purchase a house of your own.
- To purchase a block of land to build a house.
- To complete construction of a new house or for extensions/repairs to an existing house.
Who can obtain housing loans ?
- Person who are permanently employed and in receipt of a monthly salary.
- Person who are income-tax payers.
- Person who are employed abroad.
- Person who are self-employed or temporarily employed and those who cannot produce concrete evidence of their income, can obtain housing loans from our Bank by joining the "Savers' Housing Loan Scheme."
- You need not necessarily maintain an account with us in order to obtain a Housing Loan.
What is the quantum of loan one can obtain?
The quantum of loan will depend on the following considerations:
- The applicant's repayment capacity.
- Age of the applicant.
- Value of the property to be mortgaged.
- Purpose for which the loan is required.
Rate of Interest
The rate of interest applicable will vary according to the quantum of loan and the prevailing market rates of interest.We assure you that our interest rates are comparatively low and always reasonable.
What are the expenses,Which will have to be borne by the applicant?
- Valuation fee.
- Inspection fee.
- Credit Information Bureau fee.
- Deed registration fee.
- Title Insurance Policy fee (if necessary).
- Fire Insurance Policy fee (if necessary).
- Legal fees.
- Further details in this regard could be obtained from the Credit Division at the Head Office or any Branch of the National Savings Bank.
Credit Manager
National Savings Bank
Credit Division
Tel.Nos. Credit Manager: 011-2573180 –2575371, 011 2375259, 011-2573008-15
Hotline:2574574, 2375260
Fax:011-2573510, 5332439
E-mail: manager.credit@slt.lk
More Info : http://www.nsb.lk/PB_Mihindu_Sevana_Housing_Loan.asp
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Sampath Bank
Sevana
What is it?
A housing loan scheme with value additions, which could be utilized to;
- Purchase a house / Land,
- Construct a house,
- Purchase land & construct a house,
- Complete, extend or renovate an existing house.
- Purchase a Condominium Apartment,
Who can apply for a Sampath Sevana Housing Loan?
- Applicants should have a regular monthly income individually or jointly with the
spouse.
Rate of Interest:
- Contact your branch manager for interest rates and other details.
How much can you borrow?
| - | Minimum loan amount is Rs. 100 000, No fixed upper limit. |
| - | The maximum loan amount is determined, considering the repayment capacity & the Forced Sale Value (FSV) of the property as determined by the Bank. |
| - | In case of purchasing land & constructing a house, the bank will finance |
| - | To extend or renovate your house, you can borrow up to 90% of the bill of Quantity [BOQ] value. |
| - | Salary of the borrower should be remitted directly to the Sampath Bank & |
Hot Line : 2303050
E-mail : info@sampath.lk
More Info : http://www.sampath.lk/sevana.php
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CDB (Ceylinco Development Bank)
Manaram
Housing loan scheme is to realise the dream of owning your own house by providing efficient and hassle free financing. Manaram is intended to finance the purchase of a land, land with a house or a condominium property for fixed income earners and self-employed personnel.
More Info : http://www.cdbbank.com/products/
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Seylan Bank
Piyasa
This is the quickest, easiest and most convenient loan scheme that will take your dream home from the drawing boards to reality.
Look at its advantages;
Buy land, build, purchase or even renovate or extend, for which you can borrow as much as 100% of the estimate. (In most cases) Loans available from Rs.50,000/- to Rs.10 Million. Repayment spread upto 25 years. Loans processed in just 2 weeks, if all documents are in order. The Mortgagee Protection Policy protects dependants from liability in the event of the inevitable. Piyasa Siri Nivasa…an additional loan which is granted after 6 months for the purchase of household effects and furniture.
The added advantage of the Piyasa Centre, located on the first floor of our Havelock Town Branch at 164-166,
To get on the shortest path to your own dream home talk to the Manager of your nearest Seylan bank or call our Hotline: 074514601/2/4
More Info : http://www.eseylan.com/loan_facilities.asp
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Hatton Nationl Bank
Shanthi Home Loans
At HNB, you'll find the answers to your everyday needs and long term goals. In today's busy world, we can help you manage your financial needs conveniently and quickly so you can spend your time doing what you enjoy most. HNB is dedicated to knowing you and your business. Our complete line of quality products and services will help you to keep your business on top. Our belief in responsive, personal service means we're always available to help and take you to the next level.
Contact person :
Mr. C.P. Abeywickrema
Deputy General Manager (Personal Banking)
Hatton National Bank PLC.
Head Office,
Level 19 -
479, T B Jayah Mawatha,
Tel : +94 (011) 266 4710
email : Chandua@hnb.lk
Loan Calculator : http://www.hnb.net/personal_calculator_shanthi.asp
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People’s Bank
Jaya Niavasa
People's Bank now offers a branded Housing Loan scheme for all housing purposes. Our interest rates are competitive and conditions are flexible to suit your personalised needs.
For whom?
- Employees of the Public/Private sector.
- Professionals
- Self employed
- Income tax payers
- Sri Lankans employed abroad.
What Purpose?
- Construct or purchase a house
- Purchase a land
- Renovations/Extensions/Completion of a house
How quick?
Within 30 days.
(Subject to all documents being in order).
Click here to view list of required documents
How much can you obtain?
No upper limit. The amount will depend on the following:
- Repayment capacity
- Value of property
- Age – (normally up to 60 years)
(The upper age limit will not apply if a joint application is made with a younger member of the family)
Click here for Loan Calculator
Rate of interest - 21% p.a.
(The Bank reserves the right to revise interest rates based on market conditions)
Applicant’s Equity Contribution - 25% of Construction or Purchase value
Repayment period
Loan Calculator : http://www.peoplesbank.lk/loan_calc.php
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NDB (National Development Bank)
NDB home loan is the ideal product to choose if you are looking for a loan to construct, ready purchase, add on an extension, and improve your home or even to purchase a land of your own to build a house.
With a maximum repayment period of up to 20 years (for land purchase loans the maximum period is 15 years) based on your date of retirement at a loan amount starting from a minimum of Rs. 100,000/-and reaching a maximum to suite your budget, age and repayment capacity.
You have the choice of structuring the loan to suit your repayment capacity and repay the loan by means of a pay sheet deduction carried out by your employer or any other mode of payment acceptable to the bank.
With equated loan installments and the ability to mortgage the property being purchased, used for construction or provide any other security acceptable to the bank an NDB home loan is the correct choice for you.
Home Construction
If you already own a land on which you wish to build your dream home NDB Bank will assist you by providing 100% of the Construction Cost, subject to a maximum of 75% of the bank’s valuation of your property.
Home Purchase
Have you come across the house of your dreams and do you need assistance to purchase it? Then turn to a NDB home loan and get up to 80% of the bank’s valuation of the property as a loan to purchase your future home.
Home Extension
Are you still pondering on how to manage adding an extension to your house? Select an NDB home loan and get the funds needed (100% of the Construction Cost) subject to a maximum of 75% of the bank’s valuation on your property, to suit your requirement.
Home Improvement
Opt for an NDB home loan and get up to 100% of the Improvement Cost, subject to a maximum of 75% of the bank’s valuation of your property to add that extra bit of personal touch that will make your home your castle.
Land Purchase Loan
Have you laid eyes on the land that you see as the location for your future home and are you looking at means of purchasing it? NDB Bank with its home loan options provides you the means, subject to a maximum 70% of the bank’s valuation of the property, to make your vision a reality.
NRSL Loan
NDB Bank offers Non Resident Sri Lankans, with permanent employment contracts abroad and earning a minimum salary equivalent to Rs. 50,000/-, an opportunity to obtain an NDB home loan for the purchase, construction, or improvement of a house. You can obtain a loan starting from a minimum amount of Rs. 500,000/- subject to a maximum repayment period of 5 years.
Apply On Line : http://www.ndbbank.com/util/onlin_frms/home_loans.jsp
Viyana Home Loan
Making the wish of having your own home a reality, the Viyana home loan scheme comes to you as a joint initiative between NDB Bank and the Employee Trust Fund Board.
If you are a resident of Sri Lanka with 5 years of uninterrupted ETF membership and currently employed at an organization that is pre-cleared/approved by NDB Bank and the ETF board, the home loan scheme offers a range of loan options from ready purchase to construction, from adding an extension to home improvement, for a maximum of Rs. 1,500,000/-.
NDB Bank also provides you the flexibility of structuring your loan up to a maximum period of 20 years, depending on your date of retirement at a very concessionary interest rate (subject to government taxes) with the loan being secured by the mortgage over property in favour of NDB Bank.
You have the convenience of the payment being deducted from your pay sheet, based on the undertaking of your employer and yourself. Thereby eliminating the hassle associated with repayment.
So, come to NDB Bank for your housing loan requirements, be it for a fresh loan, to redeem an existing loan or even to top-up an existing loan.
We will also be glad to entertain requests for loan amounts greater than Rs. 1,500,000/-, at the normal lending rates of NDB Bank.
Apply On Line : http://www.ndbbank.com/util/onlin_frms/home_loans.jsp
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Bank Of
Rannivasa
Ran Nivesa Housing Loan scheme is designed to meet the housing needs of customers
purpose
- Purchase of a House
- Construction
- Purchase of land to construct a house thereon
- Extension
- Repairs
Eligibility requirement - Age between 18 -55 years
- Sufficient income to pay monthly installment and interest
- Ability to contribute 25% of the total cost
- Maintain an account with the Bank of Ceylon/open a new account
Loan Details
- Loan amount upto Rs.8 millon
- Rate of interest 11.5% p.a. (current rate)
- Period of repayment –upto 20 years/ upto the 55 years of age
- Security - Mortgage over house & property /or any free-hold property
Required documents
- Evidence of income\salary
- Title deed and certified extracts
- Survey Plan
- Title Report
- Local authority documents
- Certificate of Non-vesting
- Certificate of ownership
- Certificate of street lines
- Assessment notice for the current year
- Tax Receipt for the last quarter
- Agreement with the seller (if purchase)
More Info : http://www.boc.lk/bochome/index.jsp
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HSBC
HSBC Home Loans - the widest array of Home Loan solutions
We understand that investing in a home is one of the most important decisions that you make.
At HSBC, we draw on our global knowledge and local expertise to offer you HSBC Home Loans - the widest array of Home Loan solutions, ranging from Construction to Purchase, Renovation to Apartments and even Second Homes.
- Call 4 4722 77
- Visit your nearest HSBC branch
Home Construct Loan
Construct the home of your dreams.
Details : http://www.hsbc.lk/1/2/personal/home-loans/home-construct-loan
Home Purchase Loan
Purchase your ideal home.
Details : http://www.hsbc.lk/1/2/personal/home-loans/home-purchase-loan
Home Renovation Loan
Renovate your home, just the way you wish.
Details : http://www.hsbc.lk/1/2/personal/home-loans/home-renovation-loan
Second Home Loan
Home away from home, for you or your children.
Details : http://www.hsbc.lk/1/2/personal/home-loans/second-home-loan
Apartment Loan
Achieve new heights.
Details : http://www.hsbc.lk/1/2/personal/savings/sri-lankan-rupee
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Overseas
US : http://www.homeloans.va.gov/
Apartment Loans
HSBC
Apartment Loans* for a home in the sky.
Apartment Loans* for a home in the sky. No matter how many feet above sea level, we provide you with the financials up to 80% of market value or purchase price whichever is lower of your dream home. What's more, our pre-approved property solutions takes the hassle out of securing your home in the sky. You just need to move in!
(*conditions apply - available for approved property developers only. However, we have tied up with most of the recognised property developers.)
- Call 4 4722 77
- Visit your nearest HSBC branch
Benefits
- Home Loans from HSBC offer flexible interest rates. You can choose to fix your interest rate quarterly, annually or for five years to take advantage of the prevailing rate.
- Borrow from a minimum amount of LKR1 million to a maximum of LKR20 million.
- Enjoy several repayment options and flexibility. You can pay back your loan over a maximum period of 25 years or until you reach the age of 55, whichever occurs first.
- An early settlement will be accommodated for a flat fee of Rs. 2,000/00, provided that the payment is made on the interest review date and depending on the type of interest rate option chosen.
- Freedom of applying jointly with spouse, provided that at least one applicant earns a remuneration of LKR20,000.
- Customers are entitled to pre-approved Visa/ Master Credit Cards, on approval of their HSBC Home Loan
- Enjoy additional benefits such as priority banking services, including preferential rates on deposits, special pricing for loans, dedicated counters at Branches, a dedicated relationship manager and world wide recognition with HSBC Premier and PowerVantage.
Requirements
- Letter from your employer
- Documents stated in the Application Form
- A registered primary mortgage in favour of HSBC or a secondary mortgage, if HSBC holds the primary mortgage.
- Life insurance and annual fire policies with HSBC as the beneficiary.
Need more information?
For more details about our HSBC Home Loans, please visit your nearest HSBC branch
Overseas
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