Sri Lanka’s leading private sector bank HNB PLC partnered with renowned property developers The Flemington to offer prospective homeowners exclusive home loans for the series of Flemington apartments.
The partnership will offer customers access to exclusive home loans from HNB for luxury apartments constructed by the developer across key locations in the Colombo district. HNB Head of Personal Financial Services Kanchana Karunagama and The Flemington Managing Director Shamitha Ganegoda were at a special ceremony to commemorate the partnership.
“Real estate has always been a great investment given that its value only increases over time. Despite the ongoing economic crisis, we believe that property, especially those in central locations of Colombo, is a stable asset in one’s portfolio. As such, we have worked tirelessly to provide our loyal customer base with this opportunity to invest in a home of their dreams,” HNB AGM – Personal Financial Services Kanchana Karunagama said.
The bank will offer prospective homeowners flexible repayment options, such as the Step-Up facility, customised to evolving income patterns and cash flows. Furthermore, customers can sign up for a 25-year repayment period for the facility anchored to fixed and floating interest rates.
Moreover, HNB will offer customers a five-year grace period for the capital payment of their mortgage, in addition to a seamless loan approval process supported by its state-of-the-art backend systems.
“Partnerships of this nature offer us the opportunity to provide prospective homeowners access to our portfolio of properties. We are delighted to be working with HNB during these turbulent times and look forward to providing our customers with attractive packages and discounts personalised to their needs,” The Flemington Managing Director Shamitha Ganegoda said.
The partnership will offer customers access to The Flemington luxury apartments, which have completed construction in Rajagiriya and Colombo 10.