Updated On: 28th July 2023
Compare Housing Loan Interest Rates in Sri Lanka
| Institution Name | Product Name | Max Amount | Minimum Rate | Repayment | Eligibility | Order | More |
|---|---|---|---|---|---|---|---|
 Amana Bank |
Amana Bank Home Finance | Minimum 500,000/- or maximum up to 70% or Property Value | 15 Years | Salaried Employees Self Employed Srilankans Employed Abroad |
110 | Go | |
 BOC |
BOC Housing Loan Scheme | Depend on the repayment capacity of the customer | 21% | 25 years | BOC Customers, Sri Lankan citizens of age between 18-60 with an adequate repayment capacity with clear DRU and CRIB Records Limited liability Companies (House Constructors for sale) | 100 | Go |
 Cargills Bank |
Cargills Bank Home Loans | Purchase of a house for residential purposes up to 75% of the FSV Construction of a house on owned property up to 80% of the Bill of Quantity (BOQ) Purchase of a bare land up to 40% of the FSV Renovate, modify or extend an existing house up to 75% of the BOQ | 17% | Minimum of 5 Years. Maximum of 20 Years | Age 21 – 55 Confirmed employees in an established company/ Institution Minimum Gross Salary of Rs.30,000/= |
10 | Go |
 Commercial Bank |
Commercial Home Loan | 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. |
17% | Depending on your age you could agree for a repayment period of up to 20 years. | 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. | 30 | Go |
 DFCC Vardhana Bank |
Sandella Housing Loan | The maximum loan amount is determined considering the repayment capacity and the Forced Sale Value (FSV) of the property as stipulated by the Bank. In case of construction of a House, the bank allows a maximum borrowing up-to 75% of the value of the Bill of Quantity (BOQ) | 17% | Minimum 5 Years Maximum 20 Years | To be eligible for a Home Loan an individual should earn a regular monthly income of LKR 30,000 or above and the income should be sufficient to meet the monthly loan commitment as well as other commitments and living expenses. | 20 | Go |
 Hatton National Bank |
Shanthi Home Loans | 16% | 25 Years | Those with a regular monthly income, individually or jointly with spouse Public and private sector employees, professionals, businessmen or businesswomen Sri Lankans employed abroad | 80 | Go | |
 HDFC Bank |
Kedella | From Rs. 50,000/- upwards (Maximum repayment period varies according to age) Purchase of house: 70% of the forced sale value Construction loans: 80 % of the forced sale value of property and BOQ Purchase of Building Blocks 70% within Municipality limits and 60% Pradeshiya Sabha limits | 24% | 30 Years | Salaried employees Business/self Employed Income earners from Agriculture Rental Income earners Others who can provide details of a constant income from authorized personnel. You can apply for the loan either individually or jointly (with your spouse, with parents or with your children) |
70 | Go |
 NSB |
Ge-Dora | Depend on Repayment capacity Age Value of the Collateral Purpose | 22% | 30 years | Who is Permanently Employed. Who is Self Employed. Who is an Expat Employee. Who is a Tax Payer |
90 | Go |
 People's Bank |
Jaya Niwasa | No upper Limit on Maximum Loan amount, up to 75% of - BOQ in constructing a house -Value in Purchasing of a land for residential purpose / purchasing of a house | 30% | Up to 05 years on personal guarantee Up to a maximum period of 20 years on property mortgage | Salary Earners /Businessmen & Business Women with a steady monthly income. | 50 | Go |
 Sampath Bank |
Sampath Sevana | The maximum loan amount is determined considering the repayment capacity & the Forced Sale Value (FSV) of the property as stipulated 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 |
18.50% | Maximum period of 25 years or until the borrower reaches the age of 60 | Sri Lankan citizens Who have a regular Net Individual Monthly Income exceeding Rs. 60,000/- | 60 | Go |
 Seylan Bank |
Seylan Sirinivasa | From a minimum of Rs.500,000/= based on the applicant’s repayment capacity and value of property. Maximum loan amount Rs.100 Million. | 17.50% | 5 Year Maximum 10 years | Salaried Employees, Professionals, Business Men, Sri Lankans employed Abroad, Joint borrowers with spouse, Parents with Son and Daughter over 18 years of age. | 40 | Go |
Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated . Users are advised to recheck the same with the individual companies / organizations. Ideabeam.com does not take any responsibility for any sudden / uninformed changes in interest rates.
Banks/ Financial Institutions can contact us at finance@ideabeam.com for inclusions or updates.
