Seylan strides ahead with Siri Nivasa housing loans

Friday, 18 November 2011 00:00 - - {{hitsCtrl.values.hits}}

Leading from the front as it were - Seylan Bank recently participated in the Kadella - Art Of living Exhibition 2011, organised by the Asia Exhibitions and Conventions (Pvt) Ltd, in association with Sirasa TV Kadella Programme and Wijeya Newspapers Ltd, which was held at the Sirimavo Bandaranika Memorial International Hall Colombo, from 14 to 16 October 2011.

The Art-Of-Living exhibition consisted of 150 stalls and an estimated 20,000 patronised the event, which categorically focused on living styles pertaning to homes and real estate, household fittings and appliances, home decorations and was collaborated by the the country’s and financial industries. With house building and home making being of core value in the hearts of a significant portion of the Sri Lankan populace, Seylan Bank took an ideal opportunity presented to them to promote their product ‘ Seylan Siri Nivasa’, redefining the concept of housing loans, with a unique array of features, exquisitely designed for the purposes of purchasing a block of land, constructing a house, renovating, extending or completing an existing house or condomonium apartment or even for the purpose of redeeming an existing housing loan. The loan allows the applicant the facility of undertaking home improvement requirements such as improving the interior décor in addition to, lighting and upgrading the furniture, purchasing electrical appliances,installing pantry cupboards and even landscaping. The hassle free loan scheme is made available to a wide range of the Sri Lankan population consisting of salaried employees, professionals, businessman, Sri Lankans employed abroad with the facility being extended to Joint Borrowers a] with spouse, b] parent with son or daughter over 18 years of age. The most unique feature of the facilty is to grant the loan within four working days of receiving the application (at the Seylan Siri Nivasa Centre,#2,DealPlace,Colombo 3), and as such appropriately branded as the Seylan Siri Nivasa Housing Loan.

The loan amount could be availed of from a minimum amount of Rs 100,000/= based on the applicants repayment capacity and value of security offered, and to be repaid over a maximum period of 25 years depending on the age of the borrower.

With a view to promoting the exclusive product “Seylan Siri Nivasa Housing loans”, Seylan adopted the schemes inclusive of the following features:

special attractive interest rates for those who registered at the event
Look into possible tie ups with selected participants who represented the real estate and home building sector, at the exhibition;
Promoting the tripartie agreement for reputed property developers, those under construction and fully completed condominium properties and
Cross selling of seylan’s comprehensive list of valuable varied products