Leading from the front, Seylan Bank, ‘The Bank With a Heart’, recently re-launched Seylan Siri Nivasa Housing loan, for clients desirous of owning a home of their own. The loans come with an extremely attractive interest rate, coupled with many special benefits.
In the past couple of years there has been a rapidly growing trend for people to build their own homes. However, financial constraints have been a severe prohibitive factor. With this new scheme in place Seylan Bank has redefined the boundaries of housing loans, making it possible for an array of professionals such as salaried employees, businessmen and even Sri Lankans employed abroad, extending to joint borrowers with spouse or parent together with son/daughter over 18 years of age, to avail themselves of this unique opportunity.
This hassle free loan scheme has been specifically designed to pave the way for clients to borrow for the purchase of a block of land, an already constructed house, a condominium apartment, construction of a house on their own land, renovations, extensions, complete an existing house and home improvements such as interior décor and landscaping etc. Redemption of housing loans obtained from other financial institutions is also a unique feature of this scheme.
The exclusive scheme allows clients to borrow a loan quantum based on the applicant’s repayment capacity and value of security on offer. Borrowers will have the option of spreading the repayment of the loan up to 25 years, depending on the age of the borrower.
In addition, Seylan Bank has also launched a hassle free express housing loan that could be granted in four working days, if the required documents are in order. Further the loan is provided at an extremely attractive interest rate, coupled with a substantial array of special benefits. The additional services include obtaining of local authority documents such as Non Vesting/ Ownership/Street Line and Building Limit Certificates, preparation of Title Reports, obtaining Extracts from relevant land registries, preparation of Deeds of Transfer and requisite insurance. These services will be provided at a fee.
Seylan Bank has opened a plush new centre specifically for this purpose at No: 2, Deal Place, Colombo 3 for customers who intend accessing the facility.
Seylan is continuing to enlarge its territory by making the facility available to prospective clients to mortgage properties in the land registry divisions of Colombo, Delkanda, Homagama, Panadura, Negombo, Gampaha, Kalutara, Horana and Panadura.
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