BOC Housing Loan Scheme

For your dream

Purchase a land to construct a house later
Purchase a land and to construct a house
Construct a house in a land owned by the borrower/s
Purchase a house/ partly constructed house/ condominium unit
Complete construction/ renovation/ extension/ repair of an existing house/ condominium unit
Landscaping/ interior decoration of the house/ condominium unit
Construction of houses/ apartments for sale
- Please contact the relevant branch for more information.
- This facility is provided only for commercial-purpose house builders

Quantum of the Loan

Quantum of Loan : A maximum of Rs. 50 Million

Repayment Period : 25 years

Area of Operation : All Island

Eligibility

Be a Sri Lankan Citizen/s above the age of 18 years
The borrower should be a resident of Sri Lanka
Should not be a defaulter of BOC or any other financial institution
Professionals with fixed/non-fixed income, permanent employees of government, statutory bodies, private sector, self-employed, farmers, and cultivators etc.
In case of a joint housing loan, the co-borrowers should be close relatives or directly interested parties for purchasing/developing of property

Rate of Advance

Purpose	Rates of Advance
Purchase a land to construct a house later	Maximum of 75% of reviewed market value or purchase price of the property, whichever is lesser
Purchase a land and to construct a house	Land Purchasing Maximum of 75% of reviewed market value or purchase price of the property, whichever is lesser House Construction Maximum of 90% of the BOQ
Construct a house in a land owned by the borrower/co-borrower	Maximum of 90% of the BOQ
Purchase a house/ partly constructed house/ condominium unit	Maximum of 75% of reviewed market value or purchase price of the property, whichever is lesser.
Complete construction/ renovation, extension / repair of an existing house/ condominium unit	90% of the BOQ value
Landscape/ interior decoration of existing house/ condominium unit	If reviewed forced sale value of the house/ apartment is above the loan amount - 100% of cost
	If not - 75% of cost or reviewed forced sale value of the house property, whichever is less.
Construction of houses/ Apartments for sale	Maximum 70% of the BOQ value

Security Collateral

* Conditions Apply

(Bank of Ceylon holds the authority to change, add or revise any condition, term or statement in this facility)
For more information, please contact the Manager at your nearest BOC Branch or call centre: 1975

Manager
Consumer & Development Banking Division
20th Floor, Head Office Bank of Ceylon,
No: 01, BOC Square, Bank of Ceylon Mawatha, Colombo: 01

Tel: 011 220 4525
011 220 4526
011220 4528
Fax: 011 2448606

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