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