Home Loans | Cargills Bank

We help you make your home your own.

Did you know?

• Our repayment period extends up to 20 years.
• We offer you attractive fixed and variable interest rates.
• We charge lower legal fees for your loan.
• If its construction you are looking at, we go even to the extent of offering up to 80% of BOQ (for construction).
• To buy a house, we help you by offering up to 75% of FSV.
• To buy bare land, we offer you up to 40% of the FSV.

Our home loans will help you to

• Buy a house for residential purposes.
• Construct a house on your own property.
• Buy bare land. (Will be considered on case-by-case basis).
• Buy bare land and construct a house, for residential purposes.
• Complete your partially built house
• Renovate, modify or extend an existing house.

For Salaried Individuals

You can apply if

You’re aged 21-55 years, working as a ‘confirmed’ employee in an established Company / Institution and earning a minimum Gross Salary of Rs. 30,000/=

What we need

Completed Home Loan Application.
A copy of your Sri Lankan NIC / Passport / DL.
Copy of a recent Utility Bill / Bank Statement, to establish resident address.
Salary slips for the Last 3 months.
Letter from your employer, confirming your position and salary details.
Sales agreement (in the case of the purchase of land / house, or a letter from the seller, indicating the selling price).
Bill of Quantity acceptable to the Bank.
Building Plan, approved by the Local Authority.
Copies of Deed and Survey Plan, approved by the Local Authority.

For Self-Employed Individuals

You can apply if

You’re aged between 18 – 55 years of age, running your business as a proprietor, a partner a director of a Small and Medium Business, and earning a minimum monthly profit of Rs. 50,000/= and have been in business for over 3 years.

What we need

Fully completed Home Loan Application.
A copy of your Sri Lankan NIC / Passport / DL.
Copy of a recent Utility bill / Bank statement, to establish resident address.
Certificate of Business Registration.
Copies of the last 6 months bank statements – Business & Personal.
Copies of the Last 2 years tax receipts.
Copies of the last 2 years audited accounts.
Form 48, Memorandum of Association and Articles of Association, for Limited Liability Companies.
Sales agreement (in the case of the purchase of a land / house, or a letter from the seller indicating the selling price).
Bill of Quantity acceptable to the Bank.
Building Plan, approved by the Local Authority.
Copies of Deed and Survey Plan approved by Local Authority.