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Home Drive

Home Drive is a vehicle mortgage loan offered by Asia Building Society Limited (ABSL), designed to support house construction, renovation, extension, or housing-related expenses by using a motor vehicle as mortgage security.

This facility enables customers to unlock the value of their vehicle and obtain funds for their housing needs without pledging immovable property.

* Housing-Focused Financing: Funds can be used for house building, repairs, renovations, extensions, or other approved housing-related purposes.

* Vehicle as Security: Your registered motor vehicle is accepted as mortgage security, eliminating the need to mortgage land or property.

* Flexible Loan Amounts: Loan values are determined based on the market value of the vehicle and the borrower’s repayment capacity.

* Convenient Repayment Terms: Structured instalments with competitive interest rates to suit your financial capability.

* Quick & Simple Process: Streamlined documentation and faster approvals compared to traditional housing loans.

* Trusted Institution: Offered by Asia Building Society Limited, a registered building society in Sri Lanka with a focus on member-oriented housing finance solutions.

This loan is ideal for individuals who own a motor vehicle and require financing for housing development needs, while retaining ownership and use of the vehicle during the loan period, subject to mortgage conditions.