Home Loans

Housing mortgage loan from SMIB is designed to help you make your dream home a reality.

Pahan Piyasa

Housing mortgage loan from SMIB is designed to help you make your dream home a reality.

Features and Benefits

  • Affordable interest rates
  • Flexible repayment periods up to 25 years
  • Ability to apply jointly with spouse
  • Speedy personalized service with in-house valuation and legal assistance
  • Fast and hassle-free processing
  • Consultation for BOQ preparation and construction

Eligibility Criteria

  • Resident Sri Lankans of age between 18 -70 years
  • Salaried employees, self-employed or business owners
  • Sri Lankan citizens employed overseas with verifiable income statements
  • Rental Income earners
  • Others who can provide details of a steady income from authorized personnel
  • Flexibility to apply either individually or jointly with spouse, parents or with children

Purposes for which a Housing Mortgage Loan can be obtained

  • Construct or Purchase a house
  • Purchase a block of land to build a house
  • Enhance an existing house/extension
  • Complete a partly built house/to construct a section of house
  • Repay a loan obtained from a recognized financial institution for a housing purpose (Redemption)
  • Purchase of machinery, equipment/to construct a factory building
  • Purchase agriculture machinery/equipment, agricultural vehicles or properties
  • Meet financing needs of small and medium enterprises (SMEs)
  • Purchase a vehicle for transportation and tourism industries
  • Finance requirements related to tourism, agricultural or fishing industry

Documents required

Personal documents
Salaried Self-employed/Business owners
Duly completed Loan application Duly completed Loan application
Letter from the employer confirming Employment and Salary Proven track records of income (Business registration, bank statements,company accounts)
Bank statements for the past 06 months, where salary is being credited at present. Any other documentary evidence to prove additional income
Salary slips for past 03 months


Property documents
  • Latest registered title Transfer Deed/Title Certificate (whichever applicable).
  • Copy of the approved Survey Plan
  • Copy of the approved Building Plan (to purchase /construct a house)
  • BOQ (building estimate) in case of construction
  • Local authority documents obtained within the latest 6 months (Street Line Certificate, Non-Vesting Certificate)
  • Copy of the receipts of the taxes paid for the most recent quarter
  • Confirmation letter from the Grama Niladhari division applicable to the land/property
  • Letter/affidavit from the tenant (If applicable)
  • If the property to be mortgaged is a Condominium Property the above documents may vary (based on the conditions)

Conditions apply

For more information visit our nearest SMIB Branch or Contact Us via our Call Centre on 1922