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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:
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Purchase a house.
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Construct a house.
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Purchase a bare land & construct a house for residential purposes.
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Complete construction of a partially built house.
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Renovate, modify or extend an existing house.
| Who
can apply for a Sampath Sevana Housing Loan?
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Sri Lanka citizen. |
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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. |
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| Security
/ Insurance: |
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Mortgage over the same property or another immovable property, which is acceptable to the Bank. |
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A mortgage protection policy to guarantee repayment of loan outstanding in case of a contingency. |
| Repayment: |
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Maximum period of 25 years or until the borrower reaches the age of 60 years. |
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Monthly installments of the loan should not exceed 40% & the total deduction should not exceed 60% of the total monthly income. |
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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. |
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An option of settling the loan in full at any time with no extra surcharge. |
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Loan disbursement in 10 days (If documents are in order). |
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Handling and processing of title related documents for your convenience at a |
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nominal fee. |
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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 |
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