With Union Bank’s Loan Against Property, you don’t need to look for any other funding options. Avail a loan against an existing commercial or residential property with flexible repayment options, less hassle and greater convenience.
Features & Benefits
- Loan value – Minimum LKR 500,000 – Maximum LKR 25 Million
- Repayment period up to 25 years
- Ability to apply jointly with spouse
- Speedy service
- Attractive insurance premiums for mortgage protection covers
Eligibility
- Sri Lankan citizens aged between 18-55 years
- Should be employed for a minimum of 12 months and be in a confirmed employment
- Salaried Individuals – Net income of LKR 100,000.00 to LKR 150,000.00 per month
- Self-employed Professionals/Sole Proprietors or Partners with net share of profit/income of LKR 200,000.00 per month
Documents Required
- Duly completed loan application form
- Copy of national identity card
- Copy of the latest salary slips
- Letter from employer confirming employment and income
- Non-salaried individuals should provide valid documentary proof to justify the repayment income
- Standing order / salary assignment letter
- Title deeds of property to be mortgaged
- Connected survey plans
- If the property consist of a building, Certificate of Conformity
Conditions apply.
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