Housing Loans Overview

A housing loan or home loan simply means a sum of money borrowed from a Bank in general to purchase, construct or renovate a house, extend or complete an existing house, purchase a land or condominium apartment. Home loans consist of a variable or fixed Indicative Rate and repayment up to 25 years subject to an individual’s capacity and age requirements. The property is mortgaged to the lender as a security until the loan is fully settled.


Bank Selection
Best used for
Nations Home Loan
Indicative Rate (P.A) Tenure Max. Loan
Refer Bank Up to 25 Years LKR 50,000,000

Features
From Rs. 1 Million to Rs. 50 Million, we have loans to suit your needs. *
Let our dedicated personnel handle all your local authority documentation requirements.
You can enjoy fixed or floating interest rates.
Your repayment period is up to 25 years.*
Are you a “Nations Salary Saver” customer? You get special interest rate concessions
You can even apply jointly with your spouse. *
Your loan will be processed within 15 working days. *
Features
Attractive fixed interest rates | Speedy and courteous service
Minimum loan amount of 5 million and maximum amount of up to 25 million
Maximum repayment period of Up to 25 years (300 months)
You can obtain a Nivasa housing loan for purposes such as purchase a block of land or build a house, complete construction of a new house or for extensions/repairs to the existing house, repay a loan obtained from a recognized financial institution for housing purposes, purchase an apartment from a housing complex
BOC Housing Loan Scheme
Indicative Rate (P.A) Tenure Max. Loan
Up to 19.00% Up to 25 Years 50,000,000

Features
Purchase a land to construct a house later. / Purchase a land and to construct a house
Construct a house in an owned land of the borrower/s.
Purchase a house/ partly constructed house/ condominium unit.
Complete construction/ renovation/ extension/ repair of an existing house/ condominium unit.
Landscaping/ interior decoration of the house/ condominium unit.
Construction of houses/ apartments for sale - please contact the relevant branch for more information and this facility is provided only for the commercial purpose house builders.
Jayaniwasa Housing Loans
Indicative Rate (P.A) Tenure Max. Loan
25.00% to 27.00% Up to 20 Years Contact Bank

Features
We offer flexible loan terms and competitive interest rates, enabling you to build your dream home with much convenience.
Loan facilities for housing, purchase of land, construction, repairs or renovations
Pahan Piyasa
Indicative Rate (P.A) Tenure Max. Loan
18.00% to 19.25% Up to 25 Years Contact Bank

Features
Affordable interest rates
Ability to apply jointly with spouse
Speedy personalized service with in-house valuation and legal assistance
Speedy personalized service with in-house valuation and legal assistance
Consultation for BOQ preparation and construction
Features
To build a house, To add a new part to a house /extensions
To complete a partly built house
To obtain water facilities, sanitary facilities and electricity
To purchase a house
To purchase a plot of land to build a house, Redemption
Home Loans
Indicative Rate (P.A) Tenure Max. Loan
17.50% to 21.00% Up to 25 Years LKR 50,000,000

Features
Special discounts up to 35% for building materials including Roofing sheets, Cement & allied products, Paints & allied products, Floor/ Wall tiles, allied electrical accessories, Wood care products, Bathroom fittings & accessories and PVC pipes & fittings, Hardware items for loans obtained for construction
Loan approval in 3 days without any additional charges | Longer repayment period
Flexible approach and fast approval | Attractive and competitive low interest rates
Convenience of our island wide branch network
Foreign Currency Home Loans
Indicative Rate (P.A) Tenure Max. Loan
Contact Bank Up to 5 Years USD 100,000

Features
You can get the loan in selected foreign currencies | You can pay back in a currency of your choice
Flexible approach and fast approval | Fixed or floating rate of interest | Attractive and competitive interest rates
Loans to build, purchase, renovate or settle an existing Home Loan
Loan approval in 3 days without any additional charges | Longer repayment period
Loan against Property - Self Employed
Indicative Rate (P.A) Tenure Max. Loan
18.50% to 20.75% Up to 5 Years Contact Bank

Features
Provides loan for Home Renovation / Furnishing | Education | Medical / Hospitalization
Purchasing an Immovable / Movable Property such as House / Building | Bare Land | Vehicle (Registered / Unregistered) | Machinery and / or Equipment
'Viyana' Home Loan Scheme
Indicative Rate (P.A) Tenure Max. Loan
21.00% to 26.00% Up to 20 Years LKR 2,500,000

Features
Lowest fixed interest rate
Flexible repayment tenure upto 20 years
Financing from LKR 250,000 upto LKR2.5 million upwards
Loans offered as against a mortgage
Loans could be utilized for any housing purpose except for land purchases
Loan Against Property
Indicative Rate (P.A) Tenure Max. Loan
Up to 25.50% Up to 25 Years LKR 10,000,000

Features
Loan for any need.
Loan from a minimum of LKR 3 million up to a maximum LKR 100 million or 75% of the Forced Sale value.
Advisory Service.
Repayment period up to 25 Years, subject to full settlement prior to reaching 60 years of age or Retirement age whichever is earlier.
NSB Housing Loan
Indicative Rate (P.A) Tenure Max. Loan
17.00% Contact Bank Contact Bank

Features
NSB Express Housing Loan – For Loans within 4 to 10 days.
NSB Alankara Housing Loan – To enhance the appearance of your home.
NSB Ithurum Nivasa – For Irregular Income Earners.
NSB Rata Ithuru – For Expatriate Income Earners.
Loan facility is based upon your Repayment capacity, Age, Value of the Collateral, Purpose.
Sirisara Housing Loan
Indicative Rate (P.A) Tenure Max. Loan
27.00% Contact Bank Contact Bank

Features
This is a life style loan to make your house a home.
The interiors of any home reflect the personal preferences and tastes of its owners making it imperative to constantly upgrade to keep up with changing times.
Sirisara facilitates internal and external repairs and other structural improvements like Painting, Waterproofing and Roofing, Plumbing and Electrical Works, Tiling and Flooring, Grills, Aluminum Windows compound walls and much more.
Moreover with Sirisara you can invest on furniture and on other house hold utensils.
Features
Best way to profit from the rising condominium market
Pay only the interest during the construction period
Ability to sell the apartment and replay the capital at your convenience
Option of making unscheduled payments at your convenience without incurring pre settlement charges
Competitive variable interest rates
Loan against Property - Salaried Individ
Indicative Rate (P.A) Tenure Max. Loan
18.50% to 20.75% Up to 5 Years Contact Bank

Features
Provides loan for Home Renovation / Furnishing | Education | Medical / Hospitalization
Purchasing an Immovable / Movable Property such as House / Building | Bare Land | Vehicle (Registered / Unregistered) | Machinery and / or Equipment
Home Loans - Salaried Individuals
Indicative Rate (P.A) Tenure Max. Loan
15.50% to 20.00% Up to 20 Years Contact Bank

Features
Our repayment period extends up to 20 years. | We offer you attractive fixed and variable interest rates.
We charge lower legal fees for your loan. | To buy a house, we help you by offering up to 75% of FSV.
If its construction you are looking at, we go even to the extent of offering up to 80% of BOQ (for construction).
To buy bare land, we offer you up to 40% of the FSV.
Features
Bank of Ceylon offers Sirimadura housing loans for customers in 2 visits within 2 weeks
First visit to apply, second visit to collect your loan | Maximum 15 days to obtain your loan
Assistance by BOC to obtain the required documents and registration
SMS updates at each stage of loan processing | Easily obtain information on the status of the loan online
Repayment period of up to 25 years
Ran Piyasa
Indicative Rate (P.A) Tenure Max. Loan
23.00% to 24.00% Up to 10 Years LKR 5,000,000

Features
RDB offers special housing loan schemes for the lower income sectors at attractive interest rates.
These loans are granted with repayment periods up to 10 years.
Housing loans are offered for purposes such as outright purchase of a house, to buy a land to build a house, renovations and to add new units to an existing house.
NDB Home Loan Max
Indicative Rate (P.A) Tenure Max. Loan
21.00% to 26.00% Contact Bank LKR 10,000,000

Features
75% Forced save value - Home Loan Outstanding
Second loan offered to existing NDB home loan customers
Offered to fulfill your lifestyle desires
Financing upto a maximum of LKR 10Million (based on the eligibility)
The leeway available on the property could be utilized for any house related purpose
Less documentation
Foreign Currency Housing Loans
Indicative Rate (P.A) Tenure Max. Loan
12.00% Up to 5 Years Refer Bank

Features
This housing loan scheme is specially designed for Sri Lankans who are working aboard having a monthly income either individually or jointly with spouse.
You can start building your own home even you are away from the mother land.
Purchase of a house or Land.
Construction of a house.
Purchasing a bare land & constructing a house for residential purposes.
Complete the construction of a partially built house.
Renovate, modify or extend an existing house.
Home Loans - Self-Employed Individuals
Indicative Rate (P.A) Tenure Max. Loan
15.50% to 20.00% Up to 20 Years Contact Bank

Features
Our repayment period extends up to 20 years. | We offer you attractive fixed and variable interest rates.
We charge lower legal fees for your loan. | To buy a house, we help you by offering up to 75% of FSV.
If its construction you are looking at, we go even to the extent of offering up to 80% of BOQ (for construction).
To buy bare land, we offer you up to 40% of the FSV.
Nivasa StepUp Housing Loan
Indicative Rate (P.A) Tenure Max. Loan
Contact Bank Up to 20 Years Contact Bank

Features
Extendable repayment options to start paying lower installments at the early stages of repayment and increase them gradually as the applicant’s income increases
Loan repayment period up to 20 years
Competitive variable interest rates
Features
We offer attractive interest rates that makes your housing loans affordable and easier to repay.
From a minimum of Rs. 500,000/- based on the applicant's repayment capacity and value of property. Maximum loan amount Rs. 100 Million.
Purchase a Condominium Apartment
SHRAMA UDANA
Indicative Rate (P.A) Tenure Max. Loan
27.00% Contact Bank Contact Bank

Features
To build a house, To add a new part to a house /extensions
To complete a partly built house,
To obtain water facilities, sanitary facilities and electricity
To purchase a house
To purchase a plot of land to build a house, Redemption
Features
We provide you the choice of flexible or fixed competitive interest rates to suit your cash flows.
Obtain a pre-approved housing loan in 2 working days with a pre-approved housing loan, you can freely decide on an investment with the confidence of knowing your funding has been approved. All we need is your income details and once your selection is complete, the loan will be disbursed on execution of the mortgage over the property.
Fully trained officers throughout our branch network who will guide and assist you during the entire journey. All the necessary information you require is provided during the initial discussion thus saving you valuable time.
Enjoy 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.
Features
A Value added Home Loan to fit your life style.
Complete and comprehensive Service in , Legal matters including searches , title reports, transfer deeds and mortgage bonds Technical details of construction from bills of quantity, to inspections for conformity Street – line, building line & non-vesting certificates.
Additional service charge of 1% of the loan amount payable on accepting the application for processing.
If you are a salaried employees: 40% of the salary will be your maximum loan installment
A Savings Deposit Rs. 500 /- to open a 'Situ Sevana' Savings Account with the Bank
Features
Maximum Loan amount will be based on your repayment capacity. | Repayment period upto a maximum of 20 years.
Ability to apply jointly with spouse. | Convenient and fast loan approval process.
Mortgage protection cover and fire insurance at competitive premiums.
NDB Home Loan - Non Resident Sri Lankan
Indicative Rate (P.A) Tenure Max. Loan
21.00% to 26.00% Up to 10 Years Contact Bank

Features
Repayment tenure up to 10 years and 05 year for contractual employment
Financing from Rs. 500,000/- upwards
Dedicated personalized team to assist you
Ability to structure the loan to suit your repayment capacity
Features
Loan approval in 3 working days with attractive interest rates
Legal documentation and mortgage advice
Grace period up to 5 years (Capital repayment waiver)
Longer repayment terms (up to 25 years)
Legal and other documentation assistance
Speedy approvals with Fixed and floating interest rate options
Home improvement Loans (up to 25% of the original Loan)
Loan / mortgage advisory service at your doorstep
An exclusive Credit card (Prestige Prime) with discounts at over 100 merchants
Affiliation with over 100 condominium projects to choose from
Residual option (up to 50% of the capital can be paid as the final installment)
Flexible repayment of the loan capital as you decide
Step-up loan repayment based on your future increase of income
Apartment Financing
Indicative Rate (P.A) Tenure Max. Loan
Contact Bank Up to 15 Years Contact Bank

Features
70% financing of the purchase price
Up to 15 years repayment period
Tailor-made repayment plans to suit your income capacity
Credit approval within 3 working days
Grace period during the construction period
Ability to settle the facility in advance with no additional charges
Facilities considered for self-employed individuals in Sri Lanka and Sri Lankans who are employed abroad*
Sampath Sevana Dayada
Indicative Rate (P.A) Tenure Max. Loan
18.00% Up to 25 Years Contact Bank

Features
You can apply for a housing loan even at the age of 55
A repayment period of up to 25 years.
Loan disbursement in 10 days (if documents are in order)
Flexible terms and conditions
Affordable interest rate
Can be obtained from our islandwide branch network
Sampath Sevana Housing Loans
Indicative Rate (P.A) Tenure Max. Loan
18.00% Up to 25 Years Contact Bank

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
HSBC Premier Mortgage Loan
Indicative Rate (P.A) Tenure Max. Loan
Contact Bank Up to 30 Years LKR 100,000,000

Features
Buying a home - Let us help you get started with becoming a homeowner.
Investing in another home - See how we can support your investment in a second home.
Refinancing your mortgage - Lighten your burden, enjoy additional savings and other benefits by refinancing your mortgage with us.
Getting a loan against your property - Find out how this option can help you to access funds to further your child's overseas education.
Faster approval with a dedicated Relationship Manager to assist in the entire journey
People’s Home Loan
Indicative Rate (P.A) Tenure Max. Loan
8.50% Up to 25 Years Contact Bank

Features
In an event of selling the property, remaining loan value may be transferred to the buyer without a hassle.
Quick Personal loans are obtainable for needs such as furniture or any other requirement.
Support and assistance to complete legal and other documentation
Premier Credit Card facility
Features
Financing up to 20 years*. / Credit approval in 3 days./ Complete process in 14 days.
Tailor-made repayment plans to suit your income capacity. / Low pricing up to Rs. 2 million financing.
Immediate family members can apply jointly. / Early settlement without any additional charges.
Facilities considered for self-employed and Sri Lankans employed abroad.
Grace period for construction and takeover facilities*.