The Essentials You can get the loan in selected foreign currencies
You can pay back in a currency of your choice
Flexible approach and fast approval
Fixed or floating rate of interest
Attractive and competitive interest rates
Loans to build, purchase, renovate or settle an existing Home Loan
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
Housing Loan | Commercial Bank | 20 Million
Loan approval in 3 days without any additional charges
Longer repayment period
#Housing #Loan | #Commercial_Bank | 20 Million
Flexible approach and fast approval
Attractive and competitive low interest rates
Convenience of our island wide branch network
You could obtain a Home Loan to
Purchasing a house, apartment or land
Building a house
Completing a partially built house
Renovate, extend, complete a house
Paying off an existing home related loan
o qualify
You should be a Sri Lankan employed abroad who is in a position to service such loans in foreign currency.
Should have been continuously employed overseas for a minimum period of 2 years and also should have a contract for future employment for a minimum period of 1 year.
Housing Loan | Commercial Bank | 20 Million
The currencies
US Dollars
Sterling Pounds
Euro
Australian Dollars
Canadian Dollars
Loans limit
Depending on your need and income, you could borrow from USD 25,000/- to USD 100,000/- or equivalent in other currencies mentioned above. Loans exceeding USD 100,000/- could be considered depending on case by case basis.
Loans repayment
Loans are granted for a maximum period of 5 years and the monthly installment would be in foreign currency on a reducing balance basis
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 in 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 your choice and Foreign Currency Loans can be repaid in the same currency, through NRFC accounts.
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