|
| |
| |
What
is it? |
| |
Sampath Sevana- Hassle free Housing Loans with speedy & efficient service and tailor made repayment terms to suit your requirements, available throughout our island wide branch network. |
| |
|
| |
Sampath
Sevana Housing Loans enable you to: |
| • |
Purchase a house. |
| • |
Construct a house. |
| • |
Purchase a bare land & construct
a house for residential purposes. |
| • |
Complete construction of a
partially built house. |
| • |
Renovate, modify or extend an existing house. |
| |
|
| |
Who
can apply for a Sampath Sevana Housing Loan? |
| • |
Sri Lankan citizens. |
| • |
Have a regular net monthly income in excess of Rs. 60,000/- individually. |
|
|
|
Rate of Interest: |
| |
Contact your branch manager for interest rates and other
details. |
| |
|
| |
How much can you borrow? |
| • |
The maximum loan amount is determined, considering the
repayment capacity & |
| |
the Forced Sale Value (FSV) of the property as determined
by the Bank. |
| • |
To purchase a house or to purchase a land and construct
a house, you can |
| |
borrow up to 70% of the total cost of the housing project. |
| • |
To Extend or renovate your house, you can borrow up to 75% of the bill of quantity |
| |
(BOQ) value. |
| |
|
| |
Security / Insurance: |
| • |
Mortgage over the same property or another immovable
property, which is |
| |
acceptable to the Bank. |
| • |
A mortgage protection policy to guarantee repayment
of loan outstanding in case |
| |
of a contingency. |
| |
|
| |
Repayment: |
| • |
Maximum period of 25 years or until the borrower reaches
the age of 60 years. |
| • |
Monthly installments of the loan should not exceed 40%
& the total deduction |
|
should not exceed 60% of the total monthly income. |
| • |
Six months grace period will be allowed for repayment
in case of construction. |
| |
Only the interest should be paid monthly during this
period. |
| |
|
| |
That’s not all, |
| • |
A repayment period of up to 25 years. |
| • |
Loan disbursement in 10 days (If documents are in order). |
| • |
Handling and processing of title related documents for your convenience at a |
| |
nominal fee. |
| |
|
| |
Apply for your Sampath Sevana Housing Loan today and
make your dream come |
| |
true. |
| |
|
| |
|
| |
|
| |
For more details, please contact: |
| |
| Tel No : |
+94 (0)112 30 30 50 |
|
| |
|
