Working to revive and revitalise the real estate industry, Sri Lanka’s leading private sector bank HNB PLC, renewed its long standing partnership with the market leader Prime Group to offer prospective home owners with low interest rates and exclusive benefits.
The joint venture aims to provide attractive financing options for customers interested in purchasing prime real estate across the nation. HNB Sanjay Wijemanne and Prime Group Sandamini Perera were present at a special ceremony organised to commemorate the occasion.
“The rising cost of construction material due to the current crisis has resulted in both businesses and individuals alike having to drastically change their property-related plans. Despite the real estate industry being one of the hardest hit, the reality we are facing is that there will always be demand for property as people still need to build a home. Given the difficulties faced by many prospective homeowners, we worked towards offering customers the best options available in the market. We are delighted to collaborate with our long-term partners in the industry Prime Group towards achieving this goal,” HNB DGM – Retail & SME Banking, Sanjay Wijemanne said.
Delivering maximum value to its customers, HNB will provide convenient and flexible repayment options tailor-made to their budget. Doorstep mortgage advisory services are also provided by the bank’s dedicated agents, who will also assist customers with all the legal documentation needed for the facility. Notably, HNB’s state-of-the-art back-end processes assure a three-day loan approval period.
“Our partnership with HNB is a testament to the success we have enjoyed with them in the previous years and our confidence that they offer the best services available in the nation for this venture. We have been acutely aware of the impact the recent economic crisis has had on the housing market, and exploring ways by which to ease the burden on individuals looking to own property, and build a home. Through this partnership, we hope that they can divest into land purchases at the earliest opportunity so that it can be used as a stepping stone to becoming homeowners,” Prime Group Co-Chairman Sandamini Perera said.
Under the terms of the promotion, all clients will benefit from a prevailing salaried interest rate. Additionally, Prime Group will bear a maximum of 3% interest rate up to a maximum period of 03 years resulting in an attractive and affordable financing option.
With over 26 years of expertise, the group was also named one of the most respected entities in Sri Lanka for the past 3 years by LMD. Prime Group was also crowned Sri Lanka's best developer for the past two years by the largest and most respected real estate awards programme in Asia, Property Guru Asia Property Awards; having developed multiple award-winning housing and condominium projects.
With 256 customer centres and 800+ Self Service Devices (SSMs) nationwide ,HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured four additional accolades, including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles.
Additionally, HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2022 hosted by the Asian Banker Magazine.