Sri Lanka’s most customer-friendly bank HNB PLC becomes the first bank to partner with the Colombo City Centre Residences (CCC) to offer prospective residents of the luxury state-of-the-art apartment complex a unique offer, ZiF (Zero Interest and Fees) for the remaining 38 apartments available for occupancy.
The partnership offers customers the unprecedented opportunity to make a down payment as low as 20% up to 50% and have immediate occupancy while enjoying the financial relief of a two-year interest-free period on their mortgage payment. HNB Deputy General Manager, Retail & SME Banking Sanjay Wijemanne, HNB Head of Personal Financial Services, KanchanaKarunagama and CCC Management were present at the ceremony held to sign the agreement.
“We are delighted to partner with the CCC to offer our loyal customer base this once-in- a-lifetime opportunity to invest in a home of their own, in the heart of Colombo. Given that the demand for apartments is increasing and the markets are set to face and undersupply of apartment stock, we hope prospective residents of the CCC will make use of this opportunity and invest in their dream home,” HNB Head of Personal Financial Services, KanchanaKarunagama said.
HNB will offer customers a five-year grace period for the capital payment of their mortgage, in addition to a seamless loan approval process supported by its state-of- the-art backend systems.
Prospective homeowners can also use the bank’s flexible repayment options, such as the Step-up facility, which offers a repayment option in line with the customers evolving income. Customers can obtain a maximum repayment period of 25 years for the loan facility for an attractive interest payment starting from just 7%.
“We are delighted to be partnering with HNB to offer future residents this unique opportunity to invest in their dream home through ZiF investment scheme. We at CCC believe in need-based solutions than merely selling a product. As more than 70% of the units are sold, we worked towards providing the necessary facilities for future investors to promptly and conveniently move into a luxury apartment with one of the best views in the city in a prime location by just paying a down payment and enjoying zero interest and fees for the next 2 years,” Hirushka Fernando, Director Sales of CCC said.
As per the partnership, CCC will take on the customer’s interest payment for the first two years and waive off the management fee for the period. All residents at the complex will also attain a freehold title to their apartments.