CDB Home Loans
You dream of a home, we make it a reality
Are you about to buy your first home, move to a new residence, building your own house, investing in property or looking to switch to a better deal? CDB Home Loans offers a hassle-free and convenient housing loan facilities to our customers providing them an opportunity to make their dream home a reality.
Why should I choose a CDB Home Loan?
- Loan approval within 2 working days
- Cash in hand within 10 working days
- Exclusive benefits for foreign employees
- Exclusive tailor-made Repayment Plans
- Repayment terms up to 10 years
- Exclusive benefits for early loan settlements
- Joint loan facilities for family members
- Enjoy a 12 month grace period during construction
- Expertise in Legal Documentation and Mortgage Advice
- Mortgage protection cover and fire insurance at competitive premiums
- Get attractive fixed interest rates
Who is eligible?
- Those with a regular monthly income, individually or jointly with spouse
- Public and private sector employees, professionals, and businessmen
- Sri Lankans employed abroad
What are the documents required?
- Personal Details
- Employment / Business Details
- Property Details
- Legal documents
*Terms & conditions apply
Frequently Asked Questions
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1. Why would I need a CDB Home Loan?
- Purchase a house
- Build a new house
- Purchase land
- Extend or complete an existing house
- Renovation of existing house
- Purchase a condominium property
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2. What are the required documents to obtain a CDB Home Loan?
- Income details (Bank statements with certified salary statements or business registration certificates)
- Title deeds and survey plan
- Local authority documents
- BOQ (Bill of quantities) for the relevent construction
- For Condominiums: Condominium deed of declaration/Title Deed/Condominium Plan
NIC/If salaried, client employment and salary conformation letter/Business Registration
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3. What is the minimum income requirement for a CDB Home Loan?
- LKR 60,000 net income (additional income can be considered)
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4. What is the maximum repayment years for the CDB Home Loan?
- Upto 10 years (Retirement age will be considered for the Loan Period)
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5. What is the collateral requirement in obtaining a CDB Home Loan?
- Primary mortgage over the property for which the loan is obtained
- Mortgage Protection Policy in the name of the Borrower
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6. Can I schedule a payment plan in order to control my cash flow?
- Yes, customized payment plans can be made
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7. What is the minimum age to obtain a CDB home loan?
- From the age of 20 years
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8. What is the minimum amount of the loan that can be granted?
- LKR 1 million
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9. What is the maximum amount of the loan that can be granted?
- Maximum loan limit will be decided depending on repayment capacity and the value of the property
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10. Should I transfer my salary to CDB to obtain Home Loans?
- Not necessary. But a salary transfer to CDB Savings Account will be an added advantage for the approval of the loan facility
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11. Does CDB offer Home Loans to dual citizens or PR holders?
- Only dual ciitizens can apply for a CDB Home Loan by applying for a loan facility with a Sri Lankan citizen. (Family Member)
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12. What are the additional services I receive, when I apply for a CDB Home Loan?
- Doorstep service/technical advice for legal requirements and local authority document clearance
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13. Can I purchase land, a house or construct a house while working abroad?
- Yes, provided you join a family member who lives in Sri Lanka
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14. Can I pay the loan rental from abroad?
- Yes, online payments can be made
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15. If I’m working abroad, can I collect the deed after settling the loan?
- Yes, you can obtain the deed through a special power of attorney
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16. Can I reduce the rental by paying the loan capital during the loan period?
- Yes, you can
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17. Are personal guarantors required for the facility?
- Not necessary