DFCC Bank Partners with Home Lands Skyline to Offer Seamless Housing Loans Solutions
July 22, 2024
DFCC Bank has recently forged an exclusive partnership with Home Lands Skyline (Private) Limited, a move that promises to revolutionise the housing loan landscape. This strategic alliance, formalised through a memorandum of understanding (MOU) signed on the 28th of June 2024, is set to offer potential home buyers and real estate investors a host of benefits. The signing ceremony was graced by Aasiri Iddamalgoda – Senior Vice President- Head of Retail Banking and SME, Asanka Patabadige – Assistant Vice President- Leasing and Retail Asset Products from DFCC Bank, and Nalin Herath- Chairman/Managing Director from Home Lands Skyline.
DFCC Bank, a trusted provider of home loans, has joined forces with Home Lands Skyline to offer a wide range of housing loan packages. This strategic collaboration, aimed at providing seamless access to exclusive financing options for customers interested in residential developments by Home Lands Skyline, is a testament to our commitment to making home ownership more convenient and attainable. Our housing loan packages are tailored to individual needs and feature competitive interest rates, flexible repayment options, and expedited processing times, ensuring a hassle-free experience for potential home buyers.
Commenting on the partnership, Aasiri Iddamalgoda – Senior Vice President- Head of Retail Banking and SME at DFCC Bank said, “We are pleased to join hands with Home Lands Skyline – a reputed CS 2 Graded developer– to offer exclusive housing loan packages that are competitive and designed to meet the specific, individual needs of customers. We are committed to providing our customers with an unparalleled home ownership experience, providing a range of flexible tenure, disbursement, and repayment structures to suit individual preferences and cash flow situations. We believe this collaboration will make homeownership more accessible and contribute significantly towards helping our customers realise their home ownership aspirations.”
Home Lands Skyline offers a range of developments for home buyers, covering a wide range of budgets and other requirements. Their developments with units presently available include Waterdale Residencies in Colombo, Oceana Beach Resorts in Wadduwa, Canterbury Golf Apartment in Piliyandala, and Greendale Retirement Resorts in Athurugiriya. These diverse projects ensure that something suits every lifestyle and preference.
Chairman/Managing Director at Home Lands Skyline, Nalin Herath added, “Our focus has always been on delivering exceptional residential projects that meet the highest quality standards. Now, partnering with such a trusted institution as DFCC Bank allows us to enhance the value we offer our customers by providing them with attractive financing options. This partnership reflects our dedication to customer satisfaction, allowing for extensive home choices and seamless access to financing in one place.”
DFCC Housing Loans include various disbursement options, including 75% of the purchase consideration from DFCC Bank, with the borrower contributing 25% at the outset, or a 10% down payment from the customer, with DFCC Bank funding 70% and the customer funding 30% at each tranche payment. Meanwhile, in terms of repayment, customers can choose from options that include a grace period of up to five years, step-up payments allowing customers to pay only 10% of capital in the first three years, bullet payments allowing capital repayments to be made in a lump sum at the end of each year, and residual value payments allowing customers to pay up to 50% of the loan in the final instalment. These options can be combined to provide the most flexible housing loan terms, empowering customers to achieve their aspirations.
With DFCC Bank’s flexible financial solutions and Home Lands Skyline’s premier real estate offerings, this collaboration promises to deliver unparalleled value to home buyers, setting a new benchmark in Sri Lanka’s housing market. To learn more call 0112350000.
L- R Thusitha Subramanium – Executive- Retail Banking and SME- DFCC Bank, Asanka Patabadighe – Assistant Vice President- Leasing and Retail Asset Products -DFCC Bank, Samathri Kariyawasam – Vice President – General Legal- Legal- DFCC Bank, Aasiri Iddamalgoda – Senior Vice President- Head of Retail Banking and SME – DFCC Bank, Nalin Herath – Chairman/MD- Home Lands Skyline, Amaya Herath – Executive Director- Home Lands Skyline, Lalindra Rupasinghe – Marketing Manager- Home Lands Skyline
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.
