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About Mortgage Loans
LB Finance Mortgage Loans are designed for customers who require property-backed financing. The facility can support housing and property-related financial needs, subject to acceptable security and documentation.
The extent of land offered as security must comply with the minimum requirements specified by the relevant local government authorities, including Municipal Councils, Urban Councils and Pradeshiya Sabhas. Loans may be offered on fixed or variable interest rates, with the applicable rate determined based on the customer credit risk assessment.
- Property-backed loan facility.
- Fixed or variable interest rate options may be available.
- Security must comply with relevant local authority requirements.
- Available for individuals, sole proprietors, partnerships and corporate customers.
- Relevant property documents such as title deed and survey plan are required.
- Mortgage protection or loan protection cover may apply.
Why Choose LB Finance?
- Property-Backed Financing
- Use acceptable land or property as security for your loan requirement.
- Fixed or Variable Rates
- Loans may be offered on a fixed or variable interest rate basis.
- Suitable for Individuals and Businesses
- Individuals, sole proprietors, partnerships and corporates can apply.
- Clear Property Documentation
- Relevant title and property documents support a transparent approval process.
- Credit-Based Pricing
- Interest rates are determined based on customer credit risk assessment.
- Protection Cover Options
- Mortgage protection or loan protection insurance may be applicable.
Who Can Apply?
- Sri Lankan citizens over 18 years of age.
- Individuals with valid NIC, Driving License or Passport.
- Sole proprietors, partnerships and corporate customers.
- Customers offering land or property that complies with local authority requirements.
- Applicants who can provide required income, guarantor and property documents
Documents You'll Need
- Identification proof: NIC, Driving License or Passport.
- Address proof: NIC, utility bill or Grama Sewaka Certificate.
- Income proof: salary slips, bank statements, financial statements or other income evidence.
- Guarantor details: identification proof, address proof and income proof.
- Property documents: title deed, survey plan and other relevant documents.
- Mortgage Loan Protection Policy where applicable.
- Fire insurance policy covering the mortgaged property, where applicable.
- Completed loan application form and KYC documents.
How to Apply in 3 Simple Steps
1
Apply Online or Visit Branch
Discuss your mortgage loan requirement with LB Finance.
2
Submit Property & Income Documents
Provide identification, income, guarantor and relevant property documents.
3
Complete Valuation & Approval
After assessment and approval, complete documentation and receive the facility.
Frequently Asked Questions
Land or property may be offered as security, provided it complies with the requirements of the relevant local government authority.
Yes. Mortgage Loans may be offered on a fixed or variable interest rate basis.
Relevant property documents such as title deed and survey plan are required.
Mortgage protection or loan protection insurance and fire insurance may be required where applicable.
Yes. A penal interest rate of 3.75% per month applies after a 3-day grace period.
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