Housing & Mortgage Loans

Owning a home is everyone’s dream. Your deed, your land title, your place to call home. At the SLDB we can make this dream a reality.

SLDB regards education as the ultimate investment in national development. We also believe that higher education is the cornerstone of self-reliance and personal autonomy. We believe that a knowledgeable and informed workforce has a multiplier effect that results in creativity, innovation and excellence.

Our Relationship Specialists will be happy to work with you to ensure that your project is kept on track.

SLDB, Financial Provider of Dreams:

  • Construction of new homes
  • Purchase of existing houses
  • Extension of existing houses
  • Home improvements
  • Renovation of existing houses
  • Purchase of building lots
  • Land development and providing infrastructure for land to be sold as separate lots or as house and land packages

What you will need:

Documents required for ALL applications
  • Quotation from an approved contractor/builder with a cost breakdown (list cost of materials, labour and transportation);
  • Contractor references
  • Evidence of ability to meet required contributions(most recent salary slip, bank statement)
  • Proof of Employment Letter indicating your salary and length of employment. If self employed, you will need to produce documentary evidence of monthly/yearly income.
  • Power of Attorney for off island applicants, giving full authority to the Agent(s) to act on your behalf;
  • Copy of Title Deed of land to be built on or to be purchased, or Notarized copy of Lease Agreement for a duration not less than the term of the loan with attached Land Register;
  • Statement of existing Mortgage (where applicable) indicating the loan balance and other relevant details, if the land on which the building is to be erected is mortgaged;
  • Tax Clearance Certificate from Inland Revenue Department confirming that income taxes are current;
  • Letter from National Insurance Corporation (NIC) stating that contributions are current.
  • Land and house tax clearance certificate
  • Two forms of valid National ID
For Home Construction
  • House Plans approved by the Development Control Authority (DCA)
To Buy A Home
  • Letter of intent to sell and Quotation from house Owner/Developer/Agent indicating total cost of land and house
  • Land Register confirming that the land on which the building is established is free and clear and the vendor has absolute title.
For House Extension/Improvement
  • DCA Approval if extension is more than 1/3 the original size of the house
  • Engineering report if there is evidence of structural weakness or if the works to be undertaken is likely to undermine the structural integrity of the building.
For Land Development
  • Approved plans for the provision of all required infrastructure
  • Engineering Reports, including environment impact assessment (EIA), where required
  • Cost Quotation from Contractors/Consultants/Engineers
  • Business Plan or proposal
  • Sales/Marketing agreements of contracts
  • Information on marketing and market outlets
Other Lending services