Ran Nivasa Housing Scheme

Ran Nivesa Housing Loan scheme is designed to meet the housing needs of customers

purpose

• Purchase of a House
• Construction
• Purchase of land to construct a house thereon
• Extension
• Repairs

Eligibility requirement

• Age between 18 -55  years
• Sufficient income to pay monthly installment and interest
• Ability to contribute 25% of the total cost
• Maintain an account with the Bank of Ceylon/open a new account

• Loan amount  upto Rs.8 millon
• Rate of interest 11.5% p.a. (current rate)
• Period of repayment –upto 20 years/ upto the 55 years of age
• Security - Mortgage over house & property /or any free-hold property

Required documents

• Evidence of income\salary
• Title deed and certified extracts
• Survey Plan
• Title Report
• Local authority documents
• Certificate of Non-vesting
• Certificate of ownership
• Certificate of street lines
• Assessment notice for the current year
• Tax Receipt for the last quarter
• Agreement with the seller (if purchase)