For whom?
To employees of government and private sector as well as self employed persons and businessmen to build their Dream Home.
For What?
To construct or purchase a home,
- Purchase a land for to build up a house
- Renovation, extension, repairs and electrification of existing house
Amount
Entirely depend upon your repayment ability. Building up cost of your Dream Home and security offered
Repayment period
Based on your requirement, capability and security offered, we consider maximum period of 20 years to construct or purchase houses, and 10 years to house repairs and renovations on mortgage of immovable property. In case of guarantors or any other security a maximum of 05 years are considered.
Interest rates
Very competitive interest rates are offered in par with prevailing market rates
Security
Facilities are considered on personal guarantee for urgent requirements depending on amount and repayment term. In addition to that, loans with considerable amounts are considered on property Mortgage for long term periods.
Documents You need to submit
- Duly filled application form (Available on our web site)
- Letter from employer confirming net salary
- Guarantor statements (If based on guarantee)
- Salary particulars of guarantors
- Income tax particulars of last 03 years
- Last 06 months bank statements
- Identity card or passport copies of applicant and guarantors
- Details of bank accounts and facilities obtained
- Business registration certificate
- Last 03 years financial statements
- Details of last 06 months sales and purchases
In addition to above, following legal documents should be submitted for loans on property Mortgage
- Survey plan of property
- Title deed
- Certified extracts of last 25 years
- Affidavits regarding land ceiling and land ownership
- Street Line Certificate, Building Line Certificate and Non vesting Certificate obtained from local authority
- Receipts on payment of taxes/ rates.
- Approved building plan and Bill of Quantity in case of building construction
- In case of purchase of houses, consent letter from vendor stating agreed price and relevant affidavits
Chief Manageress
Domestic Credit Department
Tel No - 011-2481305
Fax No - 011-2389204
E-Mail Address – cmcredit@peoplesbank.lk