Home Loan Calculator



Your estimated monthly payment

Rs. 70.000

The value is based on Equated Monthly Installment (EMI)

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The values shown above are estimates only. The interest rate applied for the above calculation is the 5 year fixed housing loan interest rate and is subject to the assignment of salary to the bank. The final interest rate will be determined by the bank upon receipt of your supporting documents and evaluation.


What is a Mortgage / Home Loan?
A Mortgage or a Home Loan is a loan taken out to buy a property or land. Once a mortgage is taken, the borrower will need to pay off the loan amount plus the interest to the lender. If the borrower fails to pay the loan, then the ownership of the property or land will pass on to the lender.

How much can I borrow?
The amount that can be borrowed will ultimately be decided by the lender and is dependent on factors such as your income, other borrowings/loans that you may have and your current expenses.

What documents do I require to apply for a Home Loan?
Below are some of the documents that the banks will ask before they approve your loan:

  • Copy of NIC (National Identity Card) or Passport
  • Last 3 months’ salary slips
  • Letter from your employer confirming your particulars
  • Statements of bank account(s) to which the salary was remitted during at the last 3 months
  • Details of any other loans that you currently have
  • Marriage Certificate (for joint applicants)

I have a property that I'm interested in. Will you arrange the purchase of that for me?
The bank will only arrange the loan and you will need to arrange the purchase of the property by contacting the advertiser/agent of the property directly. Once the owner or agent for the property has accepted your offer, you can contact the bank regarding the loan.

Home Loan Calculator Sri Lanka

Financing a house completely through your own money is impossible with the rising prices of materials and land. There is a risk of losing your entire savings if you make the wrong real estate investment and a potential for falling for real estate fraud. This is when getting a construction loan and experimenting with a home loan calculator comes into play. The limit for a mortgage loan differs from each bank along with the interest rates charged. But it's the Central Bank that regulates the upper and lower limits for a loan. To attract borrowers, banks customize their policies with various offers and discounts for the principal component based on the loan tenure.

A basic home loan from any bank in Sri Lanka offers you a capital amount and charges an interest rate in return. They divide this principal amount into instalments and offer monthly payment amounts. But the question that remains lingering in a borrower’s mind is 'whether he can afford it throughout the loan term'. Though this would’ve been answered differently years ago, now you can check this out for yourself. All you need to do is simply adjust values on an online home loan calculator. Through a home loan, you can construct or purchase a brand new house for sale in Colombo, renovate a house for sale in Kandy, complete a partially built house for rent in Kandy or even settle a housing loan obtained to buy land for sale from another financial institution.

Banks calculate the EMI instalment for these housing loans in 2 main ways. They are the equated monthly instalment and the reducing balance method. And now mortgage loan calculators also take these options into account when generating results. According to the equated monthly instalment (EMI), a fixed amount should be repaid throughout the amortization period. But, with the reducing balance method, your monthly instalment may vary. This is because the rate of interest to be paid fluctuates with the market housing loan rates in Sri Lanka. When applying for your loan you can choose between the two. But check on the interest component and calculate your repayment through a housing loan EMI calculator beforehand.