Housing Loan in Sri Lanka

How much money do you need?
$ 500 $ 10.000
For how many days?
62 days 365 days

Amount $


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Loan Amount
10-30 days
% Rate
1,86% per day
  • Between 21 to 50 years old;
  • Only ID number

Every person wants to live in his or her own house but not everyone can afford to make this dream come true. Many people in Sri Lanka would need to save money until they become pensioners to build their own house. It’s much better to buy a house now and pay back a housing loan than to rent an apartment and spend the whole life in somebody’s house. A housing loan is becoming more and more popular now due to the benefits it has. Want to extend your house or buy an apartment? Find out whether you’re eligible for a housing loan and whether it’s the best choice for you now.

What is a Housing Loan?

A housing loan is a financial help provided to those who want to buy a house or improve the current living conditions by extending the house. A loan amount depends on many factors but in general, it makes about 70% of the entire sum of the project. A housing loan refers to long-term loans and can be repaid for up to 25 years.

How to Get a Housing Loan in Sri Lanka?

Getting a housing loan is a very responsible task. It isn’t just a payday loan with the loan amount for $1000. The sum of this loan is much higher, which makes lenders be more demanding and careful. Not everyone can get a housing loan in Sri Lanka.

To become an owner of a mortgage loan, you need to have a stable source of income. It would be better if you are currently employed and can provide a document proving your position and monthly salary. If you don’t have a permanent place of work at the moment, you need to have some other income source and provide evidence of its reliability. Check the basic requirements to a house loan borrower. You should:

  • Be older than 18;
  • Be a Sri Lankan citizen or resident;
  • Have permanent employment;
  • Be able to provide collateral;
  • Have a guarantor.

After you have chosen the lender, enter the site, and fill out a housing loan application. Provide all the necessary details like Full Name, age, employment information (it’s great if you can show references), banking account details, and valid contact information (mobile phone, email, address).

Apply for Housing Loan

The application process is fast and easy.  You will be offered to download an application form, fill it out and submit online. The information provided will be processed within 1-3 business days and then you’ll get a notification whether the loan application has been approved.

Housing Loan Rates

Loan interest rates vary from lender to lender. That’s why you’re recommended to check home loans types and compare them before you get started with the application process. The interest rate for housing loan in Sri Lanka varies from 12.50% to 16.50%.  There are five popular banks and financial institutions offering to get a housing loan at different interest rates. You can compare them and choose the lowest one.

However, you need to take into account some other important factors as well. For example, the loan from one lender has a higher interest rate but the repayment term is longer, which fits your financial situation better. The interest rate may vary, which is why you’re recommended to check it at the moment of sending an application form. So, let’s have a look at some of the options you can choose from:

LenderNameLoan interest rateLoan amount (maximum)Loan repayment term
Sampath BankSampath Sevana12.50%*50 Mn25 Years
Commercial BankHome Loans for Professionals13.5%*50 Mn20 Years
NSBGe-Dora Housing Loan13.75%*25 Mn30 Years
Amana BankAmana Bank Home Finance14%*25 Mn15 Years
Seylan BankSeylan Sirinivasa13.5%*100 Mn25 Years


Do you have a lot of questions regarding a housing loan? Here are the answers to all common questions. Check them to make a well-informed decision whether you need a housing loan or not.

Is housing loan safe?

Everything depends on the chosen lender. If you have chosen a reputable lender who offers a housing loan without hidden fees, then forget about worries. It’s unsafe if you don’t have a permanent job or some other source of income. Getting a housing loan is more serious than applying for a short-term loan online. So, be even more careful and apply for a loan only if you are sure that you will be able to afford to pay it back within years.

Is it a good idea to get a housing loan?

Getting a housing loan is a good idea because it provides an opportunity to make your dreams about living in a cozy home true. But you need to have a responsible attitude towards getting this kind of loan. Just calculate the overpayment for 15-30 years and decide whether you are ready to pay so much or it’s better to look for other housing solutions.

What are the requirements for housing loan?

If you want to get a housing loan, you must be a citizen or a resident of Sri Lanka, have a stable source of income, present an approved plan of house building, and leave collateral of a certain value. The lender may require sharing some additional information, if necessary. You may be asked to have a guarantor.  Those who have bad credit are unlikely to be approved for housing loans.

What is the best place to get a housing loan?

If you are the first time buyers, consider getting a loan from Sampath Sevana. It looks like the best place to go for a housing loan. They offer the lowest interest rate and a long repayment term up to 25 years. If you are able to repay the loan faster, you’re free to do this. However, you’re recommended not to stop your search on this option only. Send more than one loan application to increase your chances to get loan approval.