People’s Bank offers Housing Loan for all their customers in Sri Lanka very quickly under the scheme Jaya Nivasa for all housing purposes. The People’s Bank Housing Loan interest rates are competitive and conditions are flexible to suit your personalised needs.
Eligibility:
- Employees of the Public/Private sector.
- Professionals
- Self employed
- Income tax payers
- Sri Lankans employed abroad.
Purpose:
- Construct or purchase a house
- Purchase a land
- Renovations/Extensions/Completion of a house
Loan Amount:
No upper limit. The amount will depend on the following:
- Repayment capacity
- Value of property
- Age (normally up to 60 years)
(The upper age limit will not apply if a joint application is made with a younger member of the family)
Rate of interest:
- 17% p.a. (The Bank reserves the right to revise interest rates based on market conditions)
Applicants Equity Contribution:
- 25% of Construction or Purchase value
Repayment period:
- Maximum 20 years For Construction of a House and For Purchase of a House/Land
- Maximum 10 years For Renovation/ Extension/ Completion of a House
- Maximum 5 years For Sri Lankans employed overseas
