(LANKAPUVATH | COLOMBO) – DFCC Bank has entered a strategic collaboration with John Keells Properties, marking a pivotal partnership in the real estate landscape of Sri Lanka. This alliance is poised to redefine the home financing experience for potential buyers of units at VimanJa-Ela.
The partnership leverages the strengths of both entities, merging John Keells Properties’ market leadership and expertise in crafting iconic living spaces with the industry-leading innovative financial solutions of DFCC Bank. Homebuyers will enjoy exclusive benefits, including competitive interest rates starting from 13.5% p.a., flexible down payment requirements and an exceptional customer experience. The overarching goal of the partnership is to create a seamless and rewarding homebuying experience that addresses the evolving needs of Sri Lankans.
AasiriIddamalgoda, Senior Vice President and Head of Retail Banking and SME at DFCC Bank expressed his enthusiasm, saying, “We understand the significance of homeownership and the financial commitment it entails. This collaboration with John Keells Properties enables us to provide homebuyers with flexible financial solutions, including attractive pricing and flexible repayment methods for home loans that align with their unique requirements. It demonstrates our commitment to supporting individuals in their dream of owning a home whilst revolutionising the entire process with our signature customer service, renowned for its reliability, efficiency, and seamlessness.”
Under this partnership with John Keells Properties, DFCC Bank introduces two exclusive loan disbursement options for homebuyers at Viman Ja-Ela. The first option allows for a maximum loan amount of 75% of the purchase consideration, with the borrower initiating an upfront 25% contribution. The second option involves a structured payment plan, including a 10% down payment, 70% bank funding, and a 30% customer contribution at each tranche.
The structured payment plan features a grace period on capital repayment until the handover of the unit. During construction, homeowners will only need to pay 10% of the capital and the interest payments. Additionally, the plan includes annual bullet payments for the principal, with 50% of the loan to be repaid as the last instalment, ensuring a financially accommodating approach.Furthermore, DFCC Bank’s specialists will advise customers and tailor their home loan plans according to individual requirements.
Commenting, Nadeem Shums, Head of Sales & Marketing at John Keells Properties and Vice President – of John Keells Group, added, “We are pleased to partner with DFCC Bank and redefine the homebuying experience for our discerning customers. This collaboration allows potential Viman homeowners to access flexible mortgage packages that set a new benchmark in Sri Lanka’s real estate space. The simplified financial options also enrich the overall journey of acquiring a home within this new development.”
Set to transform modern living in the heart of Ja-Ela, Viman is designed to provide a secure, family-friendly environment, while retaining the charm of a small-town setting. Residents will have easy access to an array of conveniences including supermarkets, banks, restaurants and hospitals. Accordingly, the collaboration between DFCC Bank and John Keells Properties is poised to transform the homebuying experience, offering tailored financing options that align with the evolving needs of modern Sri Lankans. The partnership also sets a new standard in Sri Lanka’s real estate sector, providing a seamless and enriching journey for individuals aspiring to homeownership.
