Ideal Home Division

We provide loans to construct or to purchase a House/Shop House/Commercial Buildings and also loans for Purchase of a Land and Land Finance within the minimum processing period. Loans can be obtained within seven days provided that all necessary documents are submitted.

A. Construction Loans

•  Loans will be granted for the construction of a house/ shop house/commercial building.
  
•  Loans up to Rs.20 million.
  
•  100% of the BOQ will be granted without considering the land value.

B. Purchasing Loans

•   Loans will be granted to purchase a house/shop house/commercial building.
  
•   Loans up to Rs.20 million.
  
•   100% of the valuation will be granted.(fornew)

C. Purchase + Construction Loans

• 50% of the land value will be granted to purchase a block of land located within the city limits. 100% of the BOQ will be granted to construct a commercial building.
  
• Loans will be granted to purchase an incomplete house/shop house/commercial building and 100% of BOQ will be granted to complete the balance.
  
  

D. Land Purchase

• 70% of the valuation will be granted to purchase of a block of land.

E. Land Finance

• 50% of valuation of bare land will be granted for your business and personal financial requirements.

Other benefits

• An additional loan of 10% could be obtained to purchase household appliances/electricity connection/water connection or landscaping.
  
• No age limit.
  
• Special schemes for those who work abroad.
  

Loan Repayment Period

  Up to 25 years (maximum)
       Flexible repayment schemes are also available.

Documents to be submitted along with the application:

• Copy of transferred deed
• Two passport size colour photographs
• Approved survey plan
• Approved house/building plan (approved within 06 - 12 months)
• Permission to access property
• Permission to access present residence
• Estimate (BOQ)
• Certificate of conformity
• Documents from the local authority such as;
  - Street line certificate
  - Non-vesting certificate
  - Ownership certificate

• Assessment notice
• Tax receipts
• Identity card/passport/driving license
• Letter from vendor indicating the selling price and vendor's identity card no.
• Marriage certificate/birth certificate
• Proof of income  
• Service certificate from the relevant company
• Salary slips for the last 6 months
• Business registration certificate
• Final accounts, etc.