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Seylan Home Loans

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Features

Having your own home is one of the greatest achievements one would like to have in life. Seylan Home loans offer affordable and flexible housing loan schemes that can turn your dream to a reality.

A Seylan home loan can range from rupees five hundred thousand to one hundred million (Rs. 500,000 – Rs.100, 000,000) by submitting minimum documentation. Seylan home loans are offered at a competitive interest rate along with special Advisory Services.

Furthermore customers can also choose repayment plans stretching up to 25 years, depending on their repayment capacity and age.

We have products to suit every budget, taste and need. Whether you are self-employed or working in an organization, Seylan Bank offers a loan that is just perfect for you.

    • Meet your purpose:

      Purchase or construct a house, Purchase a block of land, Renovate, Extend or Complete an existing house, Purchase a Condominium apartment, Redeem an existing housing loan, Home improvements (Interior decor, Pantry cupboards, Landscaping or any other requirements)"

    • Attractive interest rates:

      We offer attractive interest rates that makes your housing loans affordable and easier to repay.

    • Eligibility:

      Salaried Employees, Professionals, Businessmen, Sri Lankans employed abroad, Joint borrowers with spouse, Parents with Son/Daughter over 18 years of age.

    • Balance transfer facility:

      Not satisfied with your existing Home Loan Provider? You can transfer your home loan to us without any hassles.

    • Loan Amount:

      From a minimum of Rs. 500,000/- based on the applicant's repayment capacity and value of property. Maximum loan amount Rs. 100 Million.

    • Purchase a Condominium Apartment

How to get started
  • Simple Steps for a Home Loan
  • Find out how much you could borrow

    Two minutes with our Loan Calculator to make your decision making process easy.

    Complete your application

    You can download your Seylan Home loans application form

    Online Banking

    Apply for our internet banking and monitor your settlements from home.


Interest Rates Fees
  • Effective from w.e.f. 09.01.2018


Period Fixed Special rate for Professionals/employed with salary assignment
1 year
13.75%
13.25%
2 years
13.75%
13.25%
5 years
13.75%
13.25%
10 years
15.25%
14.75%

*Note - Rates subject to change based on market conditions


See all Interest Rates>>>

Housing Loan Charges
Processing Fee 0.5% of Loan Amount Minimum LKR 5,000/- to Maximum LKR 50,000/-
Mortgage Bond Loan Amount
Up to LKR 3,000,000/- 1% of Loan amount -,Maximum LKR 30,000
LKR 3,000,000 to LKR10,000,000 LKR 30,000 + 0.5% to the balance Loan Value
e.g. If Loan amount = LKR 5Mio
Charges = LKR 30,000 + (LKR 2Mio x 0.5%)
Above LKR 10.00Mio LKR 65,000/- + 0.25% to the balance Loan Value
e.g If Loan
amount = LKR 12Mio,
Charges = LKR 65,000/- + (LKR 2Mio x 0.25%)
VAT Mortgage Charges x 15%
Mortgage Bond Total = Mortgage Charges + VAT
Valuation Fee Depends on Valuation + Travelling Charges
e.g. If Loan
Amount = LKR 2,000,000/-,Valuation Fee = LKR 2,000/- + travelling charges
Title Search Charges As applicable by the respective lawyers who are
outsourced and employed by the bank
Stamp Duty Purchase or Construction of a House - Below LKR 3,000,000/- No Charges
Purchase or Construction of a House - Above LKR 3,000,000/- 0.1% of Loan Amount
For Transfer deeds - Up to LKR 100,000/- 3.0% of Transfer deed value
For Transfer deeds - Above LKR 100,000/- 4.0%of Transfer deed value
Insurance Policies Title Insurance Policy On evaluation requirement.
Mortgage Policy Mandatory
Fire Insurance At the time of purchasing a House *Completed,Or Under Construction

See all Service Charges>>>

What purpose can I obtain a housing loan for?

  • Purchase or construct a house
  • Purchase a land
  • Renovate, extend or complete an existing house
  • Settle an existing housing loan
  • Home improvements
  • Purchase a condominium

Who can apply for a home loan?

  • Salaried employees
  • Professionals
  • Businessmen
  • Sri Lankans employed abroad
  • Joint borrowers –spouse, parents with son/daughter 18 years old

What will be the maximum repayment period?

  • 25 years (The loan should be totally repaid by the Age of 60)

Do we need a security for the loan?

yes
  • Mortgage over house and property
  • Mortgage over the land

Documents required for the housing loan

  • Details of income
  • Title deeds and approved survey plan
  • Non vesting/ownership/street line and building lines certificate from local authority
  • Tax receipts for the last quarter
  • Bill of quantities
  • Approved condominium plan, tripartite agreement with power of attorney favoring the bank