The Government Information Center

People's Bank now offers a branded Housing Loan scheme for all housing purposes. Our interest rates are competitive and conditions are flexible to suit your personalised needs.

For whom?

• Employees of the Public/Private sector.
• Professionals
• Self employed
• Income tax payers
• Sri Lankans employed abroad.

What Purpose?

• Construct or purchase a house
• Purchase a land
• Renovations/Extensions/Completion of a house
• Required Documents

List of Documents to be submitted

1. Main Documents

• Credit Application (364 E Form to be obtained from Branch)
• Photo copy of National Identity Card of Applicant/s

2. Documentary Evidence to Repayment Capacity

• If in Permanent Employment
  • Employment Details (Form 707 – copy attached)
  • PAYE Tax Details (T – 10 for three Years)
  • Documentary evidence of other Income
• Self Employed/Businessmen/Others
  • Receipts of tax payments for the last 3 years with Tax File Number & Computation Copies Certified by Auditors/Inland Revenue Department
• If not a tax payer,
  • Certificate of income, certified by the Grama Niladari and attested by the Divisional Secretary.
  • Last 3 Years Audited Financial & Management Accounts for relevant period
  • Sales, Purchases & Expenditure details for last six months
• If Employed Abroad
  • Letter confirming the present employment and salary with deductions.
  • Service Agreement
  • Evidence of Remittances to Sri Lanka.

3. Security Documents

When immovable property is offered as security. Following documents should be furnished.(Original + 2 Copies)

• Title Deeds of the Property
• Survey Plan – Approval from Local Authority if a sub division
• Extracts of encumbrances obtained from the Land Registry for the last 25 years
• Non -vesting / Street Line / Building Line Certificates from the relevant Local??? Authority.
• Affidavit re-ownership of the property/Land Reform Commission Law.
• Receipts for payment of Rates/Taxes issued by Local Authority
• Sketch to the Location & Access to Land.
• Street Line and Non Vesting Certificate
• If Construction/ Completions / Extension / Renovation of a House.
  • Approved Building Plan
  • Bills of Quantities (BOQ)
• For Purchase a block of land and to Construct a house/Purchase a house
  • A Letter from the Vendor stating the Selling Price, Advance paid & conditions if any
  • Certificate of conformity.
• Note - Please note that submission of all listed documents at time of forwarding your application will help to speed up the processing of the facility.

How much can you obtain?

No upper limit. The amount will depend on the following:

• Repayment capacity
• Value of property
• Age – (normally up to 60 years)

Applicant’s Equity Contribution - 25% of Construction or Purchase value

Repayment period

• Maximum 20 years * For Construction of a House
• For Purchase of a House/Land
  • Maximum 10 years For Renovation/ Extension/ Completion of a House
  • Maximum 5 years For Sri Lankans employed overseas