The government has successfully implemented a housing loan scheme to government servants to recognize their contribution to nation building. The applicable interest rate varies between 4% - 11%, depending on the size of the loan.

The loan scheme is intended to provide funds to either purchase a land to build a house, or purchase a house, or construct a new house, or to have an extension to an existing house.

The People’s Bank, Bank of Ceylon, National Savings Bank and the State Mortgage and Investment Bank have announced that a further Rs.5000 million has been allocated to enhance this loan scheme.