Features and Benefits

• Speedy approval
• Quick and hassle-free process
• Flexible repayment periods up to a maximum of 15 years
• Ability to apply jointly with spouse
• Maximum loan amount will be based on repayment capacity and property value
• The total loan value disbursed at once (not in stages)

Eligibility Criteria

• Resident, Sri Lankan Citizen
• Age between 18 -70 years
• Salaried employees or business owners/self-employed individuals
• Sri Lankans employed overseas

Documents required

Salaried

• Duly completed Loan application
• Letter from the employer confirming employment and salary details
• Bank statements for the past 6 months where salary is being credited at present
• Salary slips for the past 3 months

Entrepreneurs / Self Employed

• Duly completed Loan application
• A proven track record of income/business revenue
• Any other documentary evidence to prove additional income

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)
• Proof for the purpose of loan
• Local authority documents obtained within last 6 months (Street Line Certificate, Non-Vesting Certificate)
• Copy of the receipt of the tax rates 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 documents may vary on a case by case basis

Conditions apply

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