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Home Loans

For a home of
your own

Our Home Loans provide the means by which you could build, purchase or renovate the house or apartment you always hoped you’d own.



 

The Essentials

  • Loan approval within 3 days

  • Discounts on building materials

  • Loans to build, purchase,  renovate or settle an existing Home Loan

  • NRFC account holders can obtain foreign currency Home Loans. Click here for details »

 

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Benefits of a Commercial Bank Home Loan

  • Special discounts up to 35% for building materials including Roofing sheets, Cement & allied products, Paints & allied products, Floor/ Wall tiles, allied electrical accessories, Wood care products, Bathroom fittings & accessories and PVC pipes & fittings, Hardware items for loans obtained for construction

  • Loan approval in 3 days without any additional charges

  • Longer repayment period

  • Flexible approach and fast approval

  • Attractive and competitive low interest rates

  • Convenience of our island wide branch network

 

Home Loans are available for,

  • Purchasing a house, apartment or land

  • Building a house

  • Completing a partially built house

  • Renovate, extend or complete a house 

  • Paying off an existing home related loan

 

Eligibility

You should have a regular monthly income (minimum Rs 25,000), individually or jointly with your spouse. This income should be sufficient to meet the monthly loan commitment as well as living and other expenses.

 

Loan amount

Depending on your need and income, you could borrow from Rs 500,000/- up to Rs 50.0 million. Even if your requirement is in excess of Rs 50.0 million, you can still negotiate with your branch manager for a higher amount.

 

Repayment

Depending on your age you could agree for a repayment period of up to 20 years. Also, you can select from 2 modes of payment:

  • Equated monthly installments - where your capital plus interest is a fixed sum

  • Fixed monthly installments     -  where you pay back your capital in equal installments plus interest on reducing balance

 

Home Loans for professionals

  • Medical Officers registered with Sri Lanka Medical Council

  • Chartered Engineers, Chartered Architects

  • Chartered Accountants ( Members of  CA Sri Lanka/ ACCA / CIMA-UK)

  • Attorneys at Law,  Software Engineers

  • Pilots licensed under Air Navigation Act

  • Navigation Officers (Marine Officer/ Deck Officer)

  • Researcher or Senior Academic (recognized as an accredited professional) are eligible for a reduction of 0.5% from the published Floating & Fixed interest rates

 

Home Loans to purchase condominium 

We have tied up with some of Sri Lanka’s leading Condominium Property Developers to support the aspirations of Sri Lankans seeking to purchase apartments several popular locations in Colombo, suburbs and in Kandy.

You can obtain up to 80% of the value of an apartment at competitive interest rates with flexible repayment options, and that the loans can be disbursed within a week from the date of application where there exists tripartite agreements between the Bank, the Borrower and the Developer.

You only need to provide the Sales and Purchase Agreement along with your personal and income related information to apply for the loan. Loans can be granted in Sri Lankan Rupees or in Foreign Currency (available only for Sri Lankans who are employed Abroad) depending on the your choice and Foreign Currency Loans can be repaid in the same currency, through NRFC accounts.


Condominium Apartments >>

Discount Scheme - Building Materials >>

 

 

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Apply for a loan

Who can apply 

If you are a salaried employee or a freelance professionals over the age of 18 years with a regular monthly income (minimum Rs 25,000), individually or jointly with your spouse, you can apply for this facility.

How to apply

  • Download application form and submit the filled form to any Commercial Bank branch 
  • You can also visit a branch of your choice to apply for the loan

Apply now

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