The mortgage Loan Estimate or Bill of Quantity is the beginning of the mortgage loan process. It is the form that is going to provide you with the information you need in order to understand your loan. The Loan estimate will give you important details such as, how much you need for closing, an estimate of your payment amount, the insurance costs and other closing cost details.
We provide A Bill of Quantity acceptable to the bank for the Proposed New Construction, Renovation, Remodeling or Extension of the house.
Under the hassle free documentation handling option, our customers are offered a special service of obtaining clearance documents from local authorities via an agent. This service enables customers save their valuable time spent in government offices trying to get clearance documents.
Give us call on 0702 222 111 or visit our office and let us know what you’re planning to build.
A personal loan is an unsecured loan which can be used for any purpose. It has no oversight and funds will be provided in full to the borrower. If you have a good salary and working in a good company with a good credit score you can get higher loan amounts.
A Home Construction Personal Loan is a loan given exclusively for the purpose of constructing a house on a piece of land already owned by the borrower.
We preparing BOQ / Estimates for bank loans / housing loans
If you have a question about your loan estimate contact Kedalla for more info.
At Kedalla Architectural Designs we pride ourselves in remaining people-oriented. We help our customers get what they want, one on one. We work with our customers individually to match our services to their needs.
The Loan Value is the total amount of money that a bank will be lending to you. However the loan amount will depend on your repayment capacity.
The loan amount is also decided based on the BOQ value where you can obtain loans up to 100% of the BOQ value when the customer owns the land and in other cases up to 50-75% of the BOQ value or the valuation of the property
Whether you are buying your first home, re-financing, renovating your property or purchasing an investment property, banks will help you make the right choice and match you with a home loan that best meets your needs.
Variable home loan rates give you great flexibility to manage your loan, whilst fixed home loan rates can give you peace of mind with your repayments.
Trying to get approved for a construction loan when building a home is a classic example of putting the cart before the horse: you need to provide the bank with a contract in order to get approved for finance but what happens if your application is declined? Well, you’re left up the proverbial creek.
We recommend that you don’t sign a building contract unless it has a finance clause which allows you (at least) 3 weeks to organise your construction loan.
If the contract doesn’t have a clause, you can either ask for one to be included or simply get a draft copy a contract to provide to the bank. Most banks will accept this and, once you’re approved, you can then sign the final contract.
First things first: you’ll need to get approved for your construction loan.
Apart from looking at your financial situation including your payslips, last 3-6 months savings, your most recent tax return, and your deposit size, you’ll most probably need to provide your bank with the following:
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