DFCC Bank partners Home Lands Skyline to offer seamless housing loans solutions

From left: DFCC Bank Retail Banking and SME Executive Thusitha Subramaniam, Leasing and Retail Asset Products Assistant Vice President Asanka Patabadige, General Legal Vice President Samathri Kariyawasam, Senior Vice President and Retail Banking and SME Head Aasiri Iddamalgoda, Home Lands Skyline Chairman/MD Nalin Herath, Executive Director Amaya Herath, and Marketing Manager Lalindra Rupasinghe

DFCC Bank has recently forged an exclusive partnership with Home Lands Skyline Ltd., a move that promises to revolutionise the housing loan landscape. 

This strategic alliance, formalised through a Memorandum of Understanding (MoU) signed recently, is set to offer potential home buyers and real estate investors a host of benefits.

The signing ceremony was graced by DFCC Bank Senior Vice President and Retail Banking and SME Head Aasiri Iddamalgoda, Leasing and Retail Asset Products Assistant Vice President Asanka Patabadige, and Home Lands Skyline Chairman/MD Nalin Herath.

DFCC Bank, 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 its commitment to making home ownership more convenient and attainable. The bank’s 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, Iddamalgoda said: “We are pleased to join hands with Home Lands Skyline – a reputed CS2 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.

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. 

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.