SAMPATH SEWANA – Housing Loans

“Sampath Sevana”- Hassle free Housing Loans with quick & efficient service and tailor made settlement terms to suit your necessities, available all over our island wide branch network.

 

Sampath Sevana Housing Loans facilitate you to:

Purchase a house, Construct a house, Purchase a bare land & construct a house for residential purposes. And also Complete construction of a partially built house and renovate, modify or extend an existing house.

Who are eligible for a Sampath Sevana Housing Loan?

All Sri Lankan citizens who have a regular net monthly income in excess of Rs. 60,000/- individually.

How much can you borrow?

The highest loan amount is determined, considering the repayment capacity & the Forced Sale Value (FSV) of the property as determined by the Bank. To purchase a house or to purchase a land and build a house, you can borrow up to 70% of the total expenditure of the housing project. To Extend or modernize your house, you can borrow up to 75% of the bill of quantity (BOQ) value.

Security / Assurance:

Mortgage over the same property or an additional immovable property, which is acceptable to the Bank. A mortgage safety policy to guarantee settlement of loan outstanding in case of an emergency.

Repayment:

Highest period of 25 years or until the borrower get to the age of 60 years. Monthly installments of the loan should not surpass 40% & the total deduction should not surpass 60% of the total monthly earnings. Six months grace period will be permitted for repayment in case of construction. Only the interest should be paid monthly during this period.

HSBC Lifestyle Loans – Education Loan

At the previous post, we discussed about HSBC (Hongkong and Shanghai Banking Corporation) Lifestyle Car Loans. Today, we are going to discuss about Lifestyle Education Loans.

1. Benefits and Features :

HSBC Lifestyle Education Loans can be reached the maximum of LKR3,500,000 (3.5 Million Rupees) and gives the option to choose both fixed and floating rate interest rates, and no need for personal guarantors. They also give a smart option of repaying the loan based on a reducing balance or an equal installment scheme and they offer Decreasing Temporary Assurance Policy for loans over LKR1 million. And they also offer shorter term education loan to fit semesters of CIM and CIMA students.

HSBC Lifestyle Education Loans also provide applications to be made jointly with a child (student). Your repayment process can be extended up to Five years. The entire HSBC Education Loans processing fee is a fixed, low one, only Rs. 2,000/-

2. You should be :

Employed and holding a confirmed post in an established company, your net earnings should be at least Rs. 20,000/- excluding vehicle allowances is there if any. And your basic salary should be at least Rs. 15,000/-. You must be between 18 and 55 years of age.

3. To apply :

 

You should submit, a duly completed Lifestyle Loan application & promissory note, a letter from employer confirming employee details, a set of Bank statements and pay slips for the last three months, a copy of the birth certificate of child (student), a letter from the educational institution / college confirming the fees and a copy of your NIC. Also if you are not a HSBC customer, you may submit a copy of a recent utility bill to confirm your address.

So.. Don’t be late to fulfill your dream of higher education. Get more details about HSBC Lifestyle Education Loans by calling 2 511 533.

HSBC Lifestyle Loans – Car Loans

HSBC (Hongkong and Shanghai Banking Corporation) provides a whole scheme of loans, namely Lifestyle. Currently they are divided into five main categories. They are, Car Loans, Education Loans, Wedding Loans, Home Improvement Loans and Travel Loans. Today, we discuss about Car Loans.

Benefits and Features :

HSBC Lifestyle Car Loans can be reached the maximum of LKR7,000,000 (Seven Million Rupees) and up to 100% of the value of the vehicle, and no personal guarantors or down payments. They also give a smart option of repaying the loan based on a reducing balance or an equal installment scheme and their service is available for both registered and unregistered vehicles.

HSBC Lifestyle Car Loans also provide special rates on insurance packages, plus another smart option of including the first year's insurance premium to the loan. You and your spouse can apply as joint applicants which can assist you to go for a highly valuable vehicle. Your repayment process can be extended up to Seven years. The entire HSBC Car Loans processing fee is a fixed, low one, only Rs. 3,000/-

You should be :

Employed and holding a confirmed post in an established company, your net earnings should be at least Rs. 30,000/- including vehicle allowances is there if any. And your basic salary should be at least Rs. 15,000/-. You must be between 21 and 55 years of age.

To apply :

To apply for a HSBC Lifestyle Car Loan, you should submit a duly completed Lifestyle Loan application & promissory note, A letter from employer confirming employee details, A set of Bank statements and pay slips for the last three months and A copy of your NIC. Also if you are not a HSBC customer, you may submit a copy of a recent utility bill to confirm your address.

So.. if you are dreaming about a new car, plan your finance and go for it! Call 2 511 533 for more details about HSBC Lifestyle Car Loans. Good luck.