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.

Purpose :

• 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

Have a Current / Savings Account and PFCA account with Sampath Bank PLC.

Period :

Maximum repayment period will be 05 years and should not exceed the balance period of employment abroad.

Loan Amount :

• 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, applicant can borrow up to 70% of the total cost of the housing project. 
• To Extend or renovate your house, applicant can borrow up to 90% of the bill of quantity (BOQ) value. 
• Loan will be in USD and proceeds of loan will be released only in Sri Lankan rupees. 

Security :

• Primary mortgage over the property on which the facility to be granted. 
• Another property owned by the applicant can also be considered for mortgage on a case by case basis. 

Documents to be submitted :

• Application (Can be downloaded) 
• Letter from employer stating that Net salary, Allowances, Designation, Period of service including the period of balance employment. 
• Last 06 months salary slips. 
• Last 06 months bank statements. 
• Copy of the service agreement. 
• Copy of the passport/Visa.

Legal Documents:

• Copy of the title deed 
• Copy of the survey plan 
• Certified extracts for last 30 years
• Local Authority certificates.

• Street Line/Building line 
• Non vesting 
• Ownership certificate 
• Tax receipts/Assessment Notices

• In the case of construction

• Approved building plan and
• Bill of quantity (BOQ)

• In case of purchase of a house,

• Consent of the vendor indicating the selling price 
• Certificate of conformity (COC)