Owning a home to call your own!
KEY FEATURES
• Lowest fixed interest rate.
• Flexible repayment tenure up to 20 years.
• Financing from LKR 250,000 up to LKR2.5 million upwards.
• Loans offered as against a mortgage.
• Loans could be utilized for any housing purpose except for land purchases.
WHO CAN APPLY?
• Resident Sri Lankan Citizens.
• Employees’ Trust Fund (ETF) members.
• 5 years continuous contribution towards the ETF fund.
• Co-applicant status - The spouse or parents of the primary applicant.
• The premises should be owned by the applicant or spouse.
• Individuals between the ages of 18 to 55.
WHAT YOU'LL NEED
• Two Photographs of the applicant.
• Two photocopies of National Identity Card (NIC).
• Sellers Letter (Stating the selling price of a land or residential property).
• ETF Confirmation.
• Employer letter (covering designation, salary, allowances, period of service).
• Salary slips for last Three months.
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).
• 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 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 (Applicable only for construction of a house).
• Insurance: decreasing Term Assurance Policy (DTAP) to cover the full loan amount assigned to the Bank.
• Insurance: fire, SRCC and subversive insurance cover obtained and assigned to the Bank.