DFCC Bank and Prime Land Residencies Join Forces for Exclusive Home Loan Solutions
September 20, 2024
DFCC Bank has forged a strategic alliance with Prime Land Residencies PLC, presenting a unique opportunity for aspiring homeowners to secure a luxurious apartment at “The Palace” in Gampaha. This partnership, a testament to DFCC Bank’s mission of democratising homeownership, was formalised through a Memorandum of Understanding (MOU) signed by Aasiri Iddamalgoda – Senior Vice President |Head of Retail Banking and SME, representing DFCC Bank, and H.M. Nalinda Heenatigala, Director of Corporate Affairs, representing Prime Land Residencies PLC.
Aasiri Iddamalgoda said, “Our collaboration with Prime Land Residencies’ ‘The Palace’ reflects our commitment to making luxury homeownership a reality for more Sri Lankans. By offering tailored home loan solutions with the most attractive interest rates and flexible repayment options, we ensure our customers can easily and conveniently achieve their dream of owning a premium residence.”
“The Palace” epitomises contemporary living, boasting meticulously crafted amenities that blend comfort, convenience, and elegance to deliver an unparalleled lifestyle. Through this collaboration, DFCC Bank offers competitive interest rates starting from 12% per annum, flexible repayment plans, and a swift approval process, making it more accessible than ever for customers.
DFCC Bank’s structured payment plans are unparalleled and designed to ease the financial burden typically associated with home purchases. Homebuyers can benefit from a grace period of up to 03 years or until the handover of their apartment unit, allowing them to defer the bulk of their repayments. During this period, customers are required to pay only 10% of the principal, with the option of making bullet capital repayments at the end of each year. Additionally, 50% of the loan can be repaid as a residual value at the last instalment, further enhancing flexibility and affordability.
For over 29 years, Prime Group has been a leader in Sri Lankan real estate, building a reputation for trust and excellence. Guided by its evergreen vision of being ‘Committed to Creating a Better Place on Earth’, Prime Group sets the standard in Sri Lanka’s real estate sector with a steadfast commitment to innovation, integrity, and luxury living.
To learn more about DFCC Home Loans, visit https://www.dfcc.lk/products/home-loans/ or call 0112350000 for assistance.
From Left to right:
Thusitha Subramaniam- Executive – Retail Banking – DFCC Bank PLC, Assajee Nawarathna- Assistant Vice President – Gampaha Branch – DFCC Bank PLC, Asanka Patabadige- Assistant Vice President – Retail Banking – DFCC Bank PLC, Samathri Kariyawasam- Vice President – Legal – DFCC Bank PLC, Aasiri Iddamalgoda- Senior Vice President/Head – Retail Banking and SME -DFCC Bank PLC, H.M Nalinda Heenatigala- Director – Corporate Affairs – Prime lands Residencies PLC, Shehana Brahmanage- Executive Director – Prime lands Residencies PLC, Tuan Haniffa- Senior Manager – Sales and Marketing- Prime lands Residencies PLC.
About DFCC Bank
DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship. The Bank has received numerous accolades, including being named the ‘Most Trusted Retail Banking Brand’ and the ‘Best Customer Service Banking Brand’ in Sri Lanka in 2021 by Global Brands Magazine UK and ‘Market Leader and Best in Service in Cash Management 2022’ by Euromoney. Additionally, DFCC Bank is ranked among Business Today’s Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.
