Features
Are payment period of up to 25 years
Loan disbursement in 10 days (if documents are in order)
Flexible terms and conditions
Affordable interest rate
Housing loans can be obtained from our islandwide branch network
Eligibility
Sri Lankan citizens
Who have a regular Net Individual Monthly Income exceeding Rs. 60,000/
Documents Needed
Application
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 Sampath 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. If this is more than 10 years old, a new survey plan, duly connected to the former plan, is required ( If approval is not required, a letter issued by the Local Authority to this effect)
Legal Documents: Certified original extracts of the property for last 30 years (to be obtained not less than one month from the date of application)
Legal Documents: Local Authority certificates (Issued within the last three months) | Street Line/Building line | Non vesting | Ownership certificate | Tax receipts/Assessment Notices
In case purchase of a residential property or construct 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 ( Aplicable only for construction of a house)
Insurance: Decreasing Term Assurance Policy (DTAP) 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.