BOC Housing Loan Scheme

For your dream

Get a Loan in 14 DAYS to build your dream home...

Annual Interest Rate from 10%
Pay back in 25 Years (Maximum repayment period)

BOC Offers the Best Housing Loan Interest Rates to Make Your Homeowner Dreams a Reality

Purchase, build or renovate your home with housing loans from BOC offered at favourable housing loan interest rates in the market. Your dream is our dream, and we will do everything in our power to make it a reality!

BOC Housing Loan Scheme

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 existing house/ condominium unit

Quantum of the Loan

Quantum of Loan : A maximum of Rs. 100 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.

Security Collateral

Mortgage over the subject property / property owned by the applicant/s.

* 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

Your dream of owning a home is just one step away! Don’t delay, contact your nearest branch today to inquire about housing loans from BOC to fulfil your dreams, offered at the best housing loan interest rate in the country!

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