At an event held on March 12, at the show apartment for TRI-ZEN on Vauxhall Street, HNB, announced the introduction of attractive mortgage packages exclusively for women hoping to invest in John Keells Properties’ newest development. This tie-up aims to bring to the table greater flexibility and convenience for female customers seeking to purchase their dream apartment.
Sri Lankan women play an increasingly greater role in the urban professional workforce, the industry is seeing demand from this segment develop – not just as a result of monetary capacity, but the confidence to purchase their own homes.
In response to the growing interest in TRI-ZEN by female investors, HNB, together with John Keells Properties, has introduced a long-term consumer borrowing package specifically for their female customers.
The attractive housing loan package resulting from the partnership offers funding of up to 80% of the purchase price of the apartment unit, payable with loan tenures going up to 25 years and grace period of 5 years for the capital repayment with a very attractive interest rate that could be fixed for 5 or 10 years. With just a reservation fee of 5% of the purchase price and a 15% of equity contribution by the investor over the construction period, the apartment can be secured following just a three-day loan approval process.
The new affordable and hassle-free HNB home loan package can be obtained through the Bank’s network of 251 branches operating across the country, and two dedicated mortgage advisors will be assigned to each buyer in order to further enhance the engagement between the developer and prospective borrowers. Also, a personalised doorstep mortgage advisory service will be made available to guide and assist in the processing and releasing of home loans.
“As women, we have to balance all sides of our lives as well as our families. To this end, where we live is key. We should, either live where we ‘work and school’; or ‘work and school’ close to where we live. Therefore, TRI-ZEN offers a very practical and an economical solution. It is further enhanced by HNB coming forward with an attractive home loan scheme” said Ms. Roshanie Jayasundera Moreas, chief marketing Officer of John Keells Properties.