HNB and Span Engineering partner to home loans promotion

Wednesday, 16 February 2022 00:00 - - {{hitsCtrl.values.hits}}

HNB Deputy General Manager – SME and Retail Banking Sanjay Wijemanne exchanging the MoU with Span Engineering Chairman Sivasubramaniyam Sanjeevan in the presence (from left): HNB Mortgage Advisor Gayan Abeysinghe, HNB Head of Personal Financial Services Kanchana Karunagama, Span Engineering Director Siyamala Sanjeevan, Span Engineering Manager – Business Analysis and Marketing Tharmarajah Mayooran and Span Engineering Manager – Marketing and Business Development Ashani Mahanama

Sri Lanka’s leading private sector bank, HNB PLC, announced an exclusive partnership with renowned property developer Span Engineering Ltd. to offer prospective homebuyers special interest rates and exciting benefits for home loans.

The partnership will offer customers the best rates and customised payment plans to provide prospective homeowners with unique home loans for purchase of apartments at all new and existing Span projects including Span Tower 27 – Moratuwa, Span Tower 28 – Negombo, Span Tower 29 - Rajagiriya and Span Tower 30 – Pereira Lane.

HNB Deputy General Manager – SME and Retail Banking Sanjay Wijemanne and Span Engineering Chairman Sivasubramaniyam Sanjeevan participated in the ceremony held at HNB Towers to sign the MoU.

“As the demand for real estate, especially those for apartments have only increased in the past year despite the obstacles faced by the construction industry in the face of the pandemic, we worked towards providing unique investment opportunities in this sector for our customers.

“As such we are delighted to be working with Span Engineering in creating this unique opportunity for prospective homeowners to invest in a home of their dreams,” HNB Head of Personal Financial Services Kanchana Karunagama said.

HNB will offer customer making use of promotion with flexible repayment options, Step-up facility, Grace period and residual option which ensures a repayment option in line with the customers increasing income. Prospective homeowners can customise repayment plans to suit their income pattern.

Customers can also obtain a maximum repayment period of 25 years for the loan facility for an attractive interest payment, in addition to a seamless loan approval process supported by its state-of-the-art backend systems.

“We have experienced an increase in demand for apartments over the past few years which has resulted in four new projects under our banner Span Towers. The partnership with HNB will offer our customers a unique opportunity to invest in a home of their dreams on their terms.

“As such we look forward to working with the bank during this promotional period to off prospective home owners access to affordable housing facilities,” Span Engineering Chairman Sivasubramaniyam Sanjeevan said.

Span Engineering has successfully completed twenty-one quintessential condominium projects making it one of the best housing opportunities within Colombo. The company has now expanded to develop projects in Wellawatte, Negombo, Moratuwa and Nuwara Eliya catering to the high demand from local and foreign homeowners.

Further information regarding the offer can be obtained from HNB customer Centre’s on +94 11 246 2462 and Span Engineering on +94 77 368 6000.