|Loan Type||Up to 5 Years||Up to 10 Years||Above 10 Years|
|Privilege H/L||8.50% p.a||N/A||N/A|
|General H/L||N/A||9% p.a||10% p.a|
|Professional H/L||N/A||8.75% p.a||9.75% p.a|
|Your estimated monthly payment:|
|Rs. 00.000||Rs. 00.000|
|Total payable (Capital + Interest)|
|Rs. 1,875,000||Rs. 1,875,000|
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The values shown above are estimates only. The interest rate applied for the above calculation is the 5 year fixed housing loan interest rate and is subject to the assignment of salary to the bank. The final interest rate will be determined by the bank upon receipt of your supporting documents and evaluation.
Q & A
Q 1.What are the Documents needed?
- Loan Application
- Letter from the employer confirming Employment, Salary & Deductions with the undertaking that the salary will be remitted to the account at Commercial bank.
- Bank statements of other banks for the past 06 months, if salary is not being credited to Commercial bank account at present.
- Salary slips for past 03 months.
- Copy of the transfer deed
- Copy of the survey plan depicting right of way
- Copy of the approved Building Plan (to purchase /construct a house)
- Certificate of Conformity (COC) (to purchase a house)
- BOQ (estimate) for the construction
- Local Authority Documents obtained within last 06 months (Street line certificate, Non vesting report, Certificate of Ownership)
- Names of the Grama Niladhari Wasam & the Divisional Secretariat applicable to the land (to be incorporated in the Mortgage Bond).