Home / Financial Services/ Housing loans with fixed interest rates up to 10 years from Pan Asia Bank

Housing loans with fixed interest rates up to 10 years from Pan Asia Bank


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 14 February 2018 00:00


In a bid to meet the rising customer demand for a housing loan solution that offers a long term fixed interest rate structure, Pan Asia Bank Nivasa home loan now offers an interest rate structure that is fixed for a period of 10 years from the date of granting the loan.

With this new fixed interest rate structure, ‘Nivasa’ housing loan customers can now avoid frequently changing loan installment amounts despite interest rate fluctuations in the market.

Under the new fixed interest rate structure, during the first two years of the loan, interest rate is fixed at 13.5%. Thereafter a fixed rate of 14.5% will be applicable from the 3rd to the 5th year and 15.5% will be applicable from the 6th to the 10th year.  

Pan Asia Bank ‘Nivasa’ housing loan can be obtained for multiple purposes including building a house, buying a block of land to build a house, completing, renovating or extending a partially built house or repaying an existing housing loan from a recognised financial institution.

Under this loan scheme, customers can obtain loan facilities from 3 million to 25 million with repayment options of up to 25 years. 

In order to make it more convenient, the bank has introduced a special hassle free documentation handling service to obtain various clearance certificates from local authorities such as Street Line and Building Line Clearance Certificate, Certificate of non-vesting and Certificate of Ownership. 

Further detail on this product can be obtained through Pan Asia Bank Call Center by calling 0114 667 222. Also interested individuals can visit any of the 85 Pan Asia Bank branches across the country to apply for a ‘Nivasa’ home loan.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Identifying traitors: I cannot wait until Dr. Padeniya presents his point scheme

Tuesday, 21 August 2018

Cause for excitement I am excited! A way of identifying and measuring a traitor is soon to be unveiled; by no less than the President of the GMOA! Hasn’t he also qualified in some department of neurology? All the more reason to justify my excitemen


The evils of translocating wild elephants

Tuesday, 21 August 2018

The subject of translocating wild elephants has been a much-debated topic recently, after the Department of Wildlife Conservation (DWLC), acting on the orders of the Minster for Wildlife, wanted to move the only two wild elephants habituating the Sin


Climate scientists cheating us to a $ 12 b/year economic loss in 2050

Monday, 20 August 2018

Local news media carried the disturbing pronouncement by World Bank economists to the effect that Sri Lanka will become an extremely hot territory with 30C temperature rise and $ 12 billion per year economic loss by 2050.


Singapore miracle – How SL could benefit from trade with Singapore

Monday, 20 August 2018

According to a media report released by President’s Media Division, a committee of experts has been appointed by the President to examine and report on ‘the practical impact and use of the proposed officer policy guidelines and recommendations on


Columnists More