As part of its commitment to bringing ease and flexibility to potential homeowners in Sri Lanka, John Keells Properties has inked a partnership with DFCC Bank, to supplement the property developer’s ground-breaking Freedom Mortgages home finance scheme.
Being the first-of-its-kind in the country, this mortgage plan is offered to potential homeowners looking at investing in John Keells Properties’ upcoming TRI-ZEN residential development, with DFCC Bank now playing a significant role in alleviating customers’ home loan burdens.
The Freedom Mortgage plan promises customers the financial relief of a two-year interest free period on their mortgage, with the customer only having to pay 20% up front. The bank will fund up to 80% of the purchase price and the loan will be offered at exceptional interest rates.
“We have been innovating in the mortgage space for quite some time now and DFCC Bank was one of our earliest partners in trying to really expand the reach of housing in the centre of the city to more people. With this package we want to put TRI-ZEN and inner city living within the reach of a much broader swathe of the population,” commented Nayana Mawilmada, Sector Head, John Keells Properties.
“John Keells Properties’ Freedom Mortgage home finance scheme is truly unprecedented in the value it offers its TRI-ZEN customers,” said Gillian Edwards, Senior Vice President – Consumer Banking of DFCC Bank on the collaboration. “Through this partnership, we are able to expand the breadth of our service offering so as to provide an even greater opportunity for Sri Lanka’s homeowners to stake claim to an apartment at Colombo’s most anticipated residential community.”
DFCC Bank offers the Freedom Mortgage Loan to any individual securing an apartment at TRI-ZEN. A fixed income earner, professional or a self-employed individual with an income sufficient to meet the monthly loan commitment is eligible to apply for a DFCC Home Loan.
Applicants could opt for a pre-approved home loan for which credit approval will be provided within three working days. The teams of professionals at every DFCC Bank Branch offer unmatched customer service and the assurance of extended support throughout the transaction.
DFCC Bank’s strong branch network is strategically located throughout the country, where every branch is fully geared to cater to the needs of customers. DFCC Bank’s fleet-on-street, comprising of over 140 Banking Executives, is dedicated to serve customers at a time and place of their convenience. For added accessibility, applying for a loan can even be done via DFCC Bank’s digital channels.
TRI-ZEN is a joint venture between Indra Traders (Pvt) Ltd and John Keells Holdings PLC. When complete in 2023, the 53-storey development will have a total of 891 one, two, and three-bedroomed ‘smart home’ units, each tastefully designed and equipped with a suite of key amenities. With its enviable address, competitive price tag -starting at Rs 26 million-, and the range of conveniences and facilities afforded exclusively to its resident community, TRI-ZEN is slated to be the most anticipated property and living experience for urbanites looking to set up their dream home.
Nadeem Shums, Head of Sales, JKP, Roshanie Jayasundara-Moraes, CMO, JKP, Ravi Wijewantha, CFO, JKP, Nayana Mawilmada, Sector Head, JKP, Gillian Edwards – Snr VP, Consumer Banking, DFCC Bank, Samathri Kariyawasam, VP, General Legal, DFCC Bank, Dulshini Jayatilake, Asst. Relationship Manager, Housing Loans, DFCC Bank, Danushka Munaweera, Legal Officer, JKP, Ann Silva, Legal Officer, General Legal, DFCC Bank