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When taking a gold loan, you pledge your own gold and you can still enjoy the benefit of possessing the jewellery and taking a loan on it whenever you want. Your precious gold article will be returned to you once the loan repayment is complete. Compare the latest and lowest rates on auto loans in Sri Lanka, and we help you compare, choose and apply for the right option for you. To purchase a house or to purchase a land and construct a house, you can borrow up to 70% of the total cost of the housing project.
Banks calculate the EMI instalment for these housing loans in 2 main ways. And now mortgage loan calculators also take these options into account when generating results. According to the equated monthly instalment , a fixed amount should be repaid throughout the amortization period. This is because the rate of interest to be paid fluctuates with the market housing loan rates in Sri Lanka. But check on the interest component and calculate your repayment through a housing loan EMI calculator beforehand.
What documents should I submit when applying for a home loan?
Secure your tomorrow with a Fixed Deposit from LB Finance and enjoy unbeatable benefits. Fixed Deposits are a convenient and low-risk form of investment that guarantees you a fixed return upon its maturity. Our promise is to offer you high returns and high security for your Fixed Deposits.
If you know trusted best companies or bank for fixed deposit in Sri Lanka that are not listed below, please suggest them! Although banks have the option of refusing to return FDs before the term of the deposit expires, they rarely do so. Interest is paid at the rate in effect at the time of withdrawal in such instances.
How is Personal Loan EMI calculated?
Unlike living in someone else’s, investing in your own property means much more. You have the freedom to design it the way you want if you decide to build it from scratch on land for sale in Sri Lanka or change it the way you want if you purchase a built one. In fact at present, there is a considerably high demand for houses for sale in Colombo, houses for sale in Kandy, houses for sale in Wattala and other properties for sale in Sri Lanka. The minimum down payment for a housing loan ranges from 20%- 40% of the total amount. The home buyer is responsible for paying the loan back to the financial institution on an instalments basis. HNB is a premier private sector commercial bank operating in Sri Lanka with more than 250 branches spread across the island.
Banks in Sri Lanka offer a variety of housing loans with different rates and conditions. Some of these pair special offers, while others have flexible conditions that allow people even over 60, to apply for them. But with all of these choices, it becomes difficult to select the right one. That is when you can use a home loan rate comparison tool to help you assess different home loan rates in Sri Lanka. A basic home loan from any bank in Sri Lanka offers you a capital amount and charges an interest rate in return. They divide this principal amount into instalments and offer monthly payment amounts.
Loans against Deposits
Prime Finance PLC provides personal and business finance solutions in Sri Lanka. It also offers credit facilities, real estate development, and related services, as well as grants leasing, hire purchase, and vehicle loans. The company was formerly known as Summit Finance PLC and changed its name to Prime Finance PLC in October 2017. Prime Finance PLC was incorporated in 2004 and is based in Colombo, Sri Lanka.
As a result, the year 2015 to early 2016, observed a major increase in the number of people taking mortgages for their property needs. From a minimum of Rs. 500,000/- based on the applicant's repayment capacity and value of property. The monthly instalment of the loan should not exceed 40% and the total deduction should not exceed 60% of the total monthly income of the borrower. The housing loan interest rate can vary between 5% to 16% depending on the institute offering the loan and the type of loan. Products - Fixed Deposits, Savings, Leasing, Hire Purchase, Group Sales, Business Loans, Consumer Finance, Foreign Currency Exchange, Credit Cards. In general, the greater the rate of interest, the longer the period of the deposit.
Loan amount
FDs provide greater interest rates than savings accounts to compensate for the lack of liquidity. Just like a friend in an hour of need, when an emergency comes up, LB Finance Gold Loan facilities would be there to financially assist you and lift you up. Simply, visit your nearest LB Finance branch with your valuables including gold jewellery, gold coins and gold biscuits to get a quick loan against them.
We offer attractive home loan rates that makes your housing loans affordable and easier to repay. Commercial Leasing & Finance PLC, now operates as a fully fledged finance company, offering a range of financial services. Come, apply for a housing loan through Sri Lanka’s most flexible housing loan, even if you are 55 years old, and pay it back using a method convenient to you. We ensure a fast and efficient service that can be obtained from Sampath Bank’s island-wide branch network. Now, for the first time in Sri Lanka, there’s a housing loan that actually gives you complete flexibility to pay it back!
Alliance Finance Co PLC is the third oldest Finance Company in Sri Lanka established in 1956. We have built our brand with 57 years of trust and integrity with innovative financial services. We offer Fixed Deposits, Savings, Leasing, Gold Loans, Ezy Drive car hires, and many other financial instruments that have captured the trust and loyalty of a customer base across four generations.
Senior Citizens shall mean persons who are over Sixty years of age at the time of accepting or renewal of a deposit. Please contact any of the contact numbers mentioned below and we will have a bank representative visit your home or office at your convenience. Confirmation letter covering designation, salary, allowances, period of service.
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