Apartment Financing
Your apartment. Your space. Your way.
Whether you're purchasing a completed apartment, securing a unit under construction, settling an ongoing balance, or giving your apartment the finishing touches, CDB Apartment Loans give you the financing support you need to make your move.
Own your next chapter
Apartment living, financed around you.
CDB helps you take the next step towards owning an apartment that fits your lifestyle and aspirations — whether that's a completed condominium unit ready to move into, or a unit still under construction in an approved project. The facility can be used for apartment purchases, balance payments for ongoing projects, and renovation or interior finishing — all under one loan built around how apartment ownership actually happens.Why choose a CDB Apartment Loan
Financing built for apartment living.
Coverage, repayment terms, and flexibility designed around how apartments are bought, built, and finished.
Completed & Under-Construction
Purchase a completed condominium unit or secure an apartment that is still under construction.
Up to 90% Financing
Up to 90% of the purchase price for under-construction units, or 80% of market value for completed units, subject to valuation and repayment capacity.
Repayment up to 15 Years
Enjoy a repayment period of up to 15 years, or up to the applicable retirement age, whichever is lower
Flexible Repayment
Choose a structure that suits your finances, including equal monthly instalments and selected step-up or flexible repayment options.
Finance your apartment your way
Use the facility for purchases, balance payments on ongoing projects, or renovation and interior finishing.
Who is eligible
Built for every kind of apartment buyer.
Who can apply
- Salaried employees in confirmed or permanent employment
- Professionals such as doctors, engineers, lawyers and accountants
- Business owners and self-employed individuals
- Sri Lankan emigrants and foreign income earners
- First-time home buyers
- Property investors seeking rental income from condominium units
What you can use it for
- Purchase a completed apartment - Finance the purchase of an eligible completed condominium unit.
- Purchase an apartment under construction - Secure an apartment in an approved project with stage-wise disbursement based on verified construction progress.
- Settle an ongoing balance - Use the facility towards balance payments for eligible ongoing apartment projects.
- Renovate your apartment - Finance renovation or interior finishing work for your purchased apartment.
Other ways CDB can finance your home
FAQs
The minimum loan amount is LKR 1,000,000. The maximum amount will be determined based on your repayment capacity and the value of the apartment.
For eligible under-construction apartments, financing can be up to 90% of the purchase price. For eligible completed apartments, financing can be up to 80% of the market value based on an independent valuation. The applicable financing will also depend on your repayment capacity.
The repayment period is from 3 years up to 15 years, or the applicable retirement age, whichever is lower.
Yes. Eligible under-construction apartment units can be financed through stage-wise disbursements, subject to the applicable requirements and the project/developer being approved by CDB.
Funds are released progressively based on verified construction milestones. Each stage is subject to the required documentation, verification and applicable disbursement conditions.
Yes. The facility can be used for renovation or interior finishing of a purchased apartment, subject to applicable assessment and approval.
Salaried employees, professionals, business owners, self-employed individuals, Sri Lankan emigrants and foreign income earners can apply, subject to CDB's eligibility and credit assessment criteria.
The maximum age at loan maturity is 60 years for salaried applicants, based on the applicable retirement age, and 65 years for self-employed individuals and business owners.
Yes. Applicants are subject to credit assessment, including verification of their credit history through CRIB.
To apply for an Apartment Loan, you will need to submit documents that verify your identity, income, employment, and the property being purchased. The required documents may vary depending on your employment status and whether the condominium is registered or still at the Tripartite/unregistered stage. These may include your National Identity Card (NIC), Latest three months' salary slips for salaried applicants, Employer confirmation letter, Latest two years' audited financial statements for self-employed applicants/business owners, and Latest six months' bank statements. For the property, the required documents may include the Title deed, Condominium plan, Approved survey/building plans, Sale & Purchase Agreement, Relevant local authority and regulatory clearances, and Condominium-related approvals and certificates.
Apply for Apartment Loan
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