Personal Loan – Property Mortgage
The mortgage-backed Person Loan from SMIB provides quick and reliable financial assistance for any personal or commercial purpose.
Personal Loan – Property Mortgage
The mortgage-backed Person Loan from SMIB provides quick and reliable financial assistance for any personal or commercial purpose.
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