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Shanthi Housing Loan ( Foreign Currency) |
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| Purpose | *Purchase of a land / house and property / apartment or construction of a house / renovation |
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| Quantum | *Minimum 50% to maximum 75% of the Forced Sale Value of the property or Bill of Quantity (BOQ) | |||||||
| Security | Mortgage over the property to be purchased / constructed | |||||||
| Interest rate | Fixed interest payable in USD/8.5% p.a. / Stg 9% p.a / Eur 7.25% p.a. Floating – 1 Year LIBOR + 2.5% quarterly reviewed |
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| Repayment | 5 years maximum period in equal monthly installments including capital and interest |
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Eg: |
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Loan Amount US$ |
10,000 |
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Installment US$ |
206 | |||||||
Loan Amount Stg |
10,000 |
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Installment Stg |
208 | |||||||
Loan Amount Eur |
10,000 | |||||||
Installments Eur |
200 |
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(Interest rates will be subject to market conditions) |
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*Conditions apply |
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| Shanthi Housing Loan ( Sri Lankan Rupees) | ||||||||
| Purpose | *Purchase of a land / house and property / apartment or construction of a house / renovation | |||||||
| Quantum | *Minimum 50% to maximum 75% of the Forced Sale Value of the property or Bill of Quantity (BOQ) | |||||||
| Security | Mortgage over the property to be purchased / constructed | |||||||
Interest rate |
Fixed | 19.25% - 20.25%p.a. | ||||||
| Fixed for 1 year | 18.5% - 19.5% p.a. (Annual review) | |||||||
| Fixed for 3 years | 18.75% p.a. (3 year review) |
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| Floating | T.B + 0.5% - 1% (quarterly reviewed) | |||||||
| Repayment | 5 to 20 years in equal monthly Installments including capital and interest |
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Eg: Rs. 1 Mn |
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RS |
RS |
RS |
RS |
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| Interest | 5 Years |
10 Years |
15 Years |
20 Years |
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18.5% |
25,394 |
18,019 |
16,105 |
15,433 |
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18.75% |
25,530 |
18,180 |
16,285 |
16,207 |
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19.25% |
25,804 |
18,505 |
16,647 |
16,013 |
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19.5% |
25,941 |
18,668 |
16,829 |
16,207 |
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20.25% |
26,355 |
19,161 |
17,379 |
16,792 |
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| (Interest rates will be subject to market conditions) | ||||||||
*Conditions apply |
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Contact |
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Tharini Mahesan |
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Asst. Mgr Home Loans & PFS |
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Tel : +94 11 2661982 |
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| Mob: +94 77 7735698 | ||||||||
| Hotline : +94 777 300174 | ||||||||
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