Shanthi Foreign Currency Housing Loans Scheme

HNB introduces Shanthi Foreign Currency Home Loans exclusively for Sri Lankans working overseas. Shanthi Foreign Currency Home Loans help you begin construction on your home in Sri Lanka while residing overseas. Loans can be obtained in designated currencies as applicable to NRFC Accounts such as US Dollars, Sterling Pounds, Euro, Japanese Yen, Swiss Frank, Australian Dollars, Canadian Dollars etc.

Since you are abroad you can give someone in Sri Lanka to do the documentation through a Power of Attorney and have built in a list of new advantages that help to make your dream of owning a home a reality.

HNB Shanthi gives you the freedom to build or purchase a home of your own. Be it a basic house costing a couple of lakhs or a luxury mansion costing millions. We have a range of loans to suit a wide variety of budgets.

HNB home loans are designed with our customers in mind. Whatever your decision may be, be it to acquire, build or refurbish your home, our loans will assist in achieving your objective. HNB’s experienced financial advisers will access your personal requirements and circumstances to provide affordable home loans for your convenience and flexibility.

Irrespective of the loan amount, you have the advantage of…….
Attractive interest rates
A choice of repayment periods
The unique step-up loan repayment scheme (assessing you on your future income and cash-flow)

This entitles you to……
A bigger loan which you can payback faster
Professional service
Fast approval
The convenience of service at a HNB Customer Centre in your neighborhood

ELIGIBILTY

• Sri Lankans those who are employed abroad.

PURPOSE

• Purchase of bare land for construction of a house
• Purchase of a house and property
• Construction of a house on land owned by the applicant
• Completion of a partly constructed house
• Renovation or extension of an existing house

INTEREST RATE

• Fixed interest rate
• Floating interest rate

Very attractive and competitive interest rates. A choice between ‘Fixed’ or ‘Floating’. Opt for floating and your interest payment will be based on the going market rate. The Floating interest rate is subject to review on Quarterly. If you want to keep your interest rate fixed, you can go for a fixed interest rate.

LOAN AMOUNT
Minimum                USD 3,000/-

Purchase of land or house

• Loans upto USD 50,000       -     75% of the Forced Sale Value
• Loans above USD 50,000     -     65% of the Forced Sale Value

Construction, Extension or Renovation
The loan amount will be up to a maximum of 80% of the Bill of Quantity (Estimate) provided that the land on which the house is to be constructed is owned by the borrower and has not been funded by the bank.

The loan amount will be decided on your repayment capacity taking into consideration your living expenses, commitment towards existing loans obtained and your age.

REPAYMENT PERIOD

• Maximum               05 Years 

The repayment period can be spread over a maximum period of 05 years depending on the age of the applicant and contract period.

YOUR NEXT MOVE

Download the application form. Clarify any clause that is not clear to you, fill up the form and hand it over to any of our HNB Customer Centre island wide. And from then on, leave it to SHANTHI and HNB to give your dream home in the shortest possible time.

Submission of the under mentioned documents would enable us to process your application fast.

Documents to be submitted along with the application

1. Letter from the vendor for the purchase of property
2. Building Plan approved by the Local Authority with a copy.
   If approval is not required, a letter issued by the Local Authority to this effect.
3. Bill of Quantities acceptable to the Bank (Two Copies ) for the proposed
   construction
4. Valuation Report of the property to be mortgaged from a Valuer in the Bank’s
   Panel of Valuers (This will be arranged by the bank & expenses should be
   borne by the applicant).
5. Letter from employer confirming present salary and any other fixed allowances
6. Employed abroad :
   1. Photo copies of the employment contracts, also letter confirming extension of the contract to cover the loan period of 05 years
   2. Photo copies of the pass port & visa documents

Legal Documents

1. Original Title Deeds for 25 years (Certified copies may be required in the absence of originals)
2. Certified Extracts of the Property concerned for a period of 30 years (To be obtained not less than one month from the date of application)
3. Survey Plan referred to in the Deed which is duly approved by the Local Authority. Even the same is more than 10 years old a new Survey Plan which is duly connected to the former Plan is required.
4. Street Line & Building Line Certificate
5. Non vesting Certificate (issued within the last 03 months)
6. Certificate of Ownership (from the date of application)
7. Receipts in proof of payment of rates (if required)
8. In case the loan is for purchase of property:
   1. original of the Agreement to sell duly registered in the Land Registry or Letter of Consent from the seller to sell the property to the applicant.
   2. If the property consists of a building - Approved Building Plan - Certificate of Conformity.
9. In case the loan is for construction purposes:
   1. Approved Building Plan

If you need any further clarification, please feel free to contact

Address :

Personal Financial Services
Consumer Banking Department

HNB Towers, Level 06,
Hatton National Bank Ltd,
No 479, T.B. Jayah Mawatha,
Colombo 10,
Sri Lanka.

Telephone :+94 11 266 1961 / 82 / 81 / 23
Facimile :+94 11 266 4892
E-mail : shanthih@hnb.lk
Website : http://www.hnb.net

	Download application form
	Fill up the form and hand it over to any of our HNB customer centres island wide.
	(Branch Locator)