NDB Home Loan to make dream a reality
Conceived with the belief that a stable life and a hopeful future begin with a home of your own, NDB has thoughtfully devised a number of home financing options to suit the varying needs of its diverse clientele; helping them to acquire their dream homes with ease.
NDB Home loan is an ideal solution not only to construct a house but also to purchase an already built house, add an extension to an existing residence, make home improvements or even to secure a piece of land. The loan values range from Rs. 100,000 up to a maximum based on the client’s requirement and the capacity to repay, while the flexible repayment schedules are extended even up to 20 years depending on the client’s age and date of retirement.
The applicants also enjoy the ease of repaying the loan at a competitive interest rate in equal instalments enabling the salaried individuals to easily plan their monthly commitments by setting apart a fixed amount each month for repayment for their lifelong investment. NDB Home Loans would cover up to 100% of the cost in the case of construction and up to 80% of the value of a house for outright purchase. For Home improvement clients could obtain loans up to 100% of the improvement cost and for the purchase of land, the bank will fund up to 70% of the value.
NDB has also designed a loan scheme with a special repayment plan for Non Resident Sri Lankans with permanent employment contracts abroad, enabling them to obtain a house in their homeland with ease.
A joint initiative of NDB and the Employee Trust Fund (ETF), Viyana Home Loan is another option offered by NDB to employees of member companies of the ETF board. This is an ideal option for those seeking for a lesser loan amount at a concessionary interest rate for housing purposes.
Further, NDB has geared itself to cater to the Corporates who wish to provide for the welfare of their work force by providing special staff loan schemes, where the employer subsidies a part of the interest cost. These loans too are considered to be granted at exclusive reduced interest rates. Several blue chip companies have already tied up with the Bank, to provide their employees with such facilities as part of the remuneration package.
As part of its on-going efforts for empowering entrepreneurs, NDB also offers a customised housing loan scheme that will cater to the self-employed, looking for a loan for the purpose of ready purchase, construction, extension, improvement of a house. With an attractive interest rate and a starting loan amount of Rs. 1,000,000/- this scheme offers the borrower the ability to match his income with the repayment by giving him greater flexibility and safety. 10 year repayment period eith equated instalments is a further boost to the aspiring entrepreneurs.