'Viyana' Home Loan Scheme - Exclusively for ETF Members
'Viyana' Home Loan Scheme - Exclusively for ETF Members
Key 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
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
Pre-Requisites:
The premises should be owned by the applicant or spouse
Age Criteria:
Minimum -18 years
Maximum – 55 years
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 for the full loan amount , assigned to the Bank
Fire, SRCC and subversive insurance cover obtained and assigned to the Bank
