Seylan Bank fast tracks Housing Loans with launch of ‘Seylan Siri Nivasa’

The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal graced the formal opening of the ‘Seylan Siri Nivasa’, Seylan Bank’s customised and dedicated housing loan centre at No.2, Deal Place A, Colombo 3.

Also present on the landmark occasion were Chairman of Seylan Bank, Eastman Narangoda, together with the Board of Directors, Senior Management and valued clients.

Seylan Bank also launched their express housing loan scheme “Seylan Siri Nivasa” which offers loans in just four working days at an attractive rate of interest. The housing loan centre is also geared to obtain the local authority documents such as street line certificates, building limit certificates and non-vesting and ownership certificates. In addition the Centre will also prepare your title reports and transfer deeds, obtain extracts from the relevant land registries and take care of the requisite insurance thereby providing a comprehensive service under one roof.

Chairman of Seylan Bank Eastman Narangoda said, “This is not merely a loan scheme, but a relief reaching out to all Sri Lankans who dream of having their own home, but are restricted due to financial constraints.” 

The “Seylan Siri Nivasa” housing loan scheme enables one to purchase or construct a house, purchase a condominium apartment or a block of land and also renovate or extend an existing house. In addition to redemption of existing housing loans, the said scheme can even accommodate home improvements such as interior décor, pantry cupboards, landscaping or any other requirement.

Loans range from a minimum of Rs. 100,000 upwards, based on the applicant’s repayment capacity, in relation to the value of the property, offered as collateral.

The “Seylan Siri Nivasa” housing loan scheme is available to salaried employees, professionals, businessman, Sri Lankans employed abroad and also covers joint borrowings together with spouse or parent with a son or daughter above 18 years of age. Repayment could be accommodated to a maximum of 25 years, depending on the age of the borrower.

“As the Sri Lankan Bank with a Heart, reading the pulse of the masses, the Seylan Bank is proud and happy to be of service to the people of Sri Lanka  thereby ensuring   the development of our country”, Chairman Narangoda further added.

Photo caption: Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal formally opening the ‘Seylan Siri Nivasa’. Also in the picture is the Chairman of Seylan Bank Eastman Narangoda.