Amana Bank offers quickest home financing solution in the market

Tuesday, 8 October 2019 00:00 - - {{hitsCtrl.values.hits}}

Owning your dream home is now made easy with Amãna Bank’s quick and hassle-free home financing solution. Loaded with special people-friendly features based on a unique banking model, the Bank now disburses the facility within 14 working days while the customer receives the credit approval in three days. This solution has been fast-tracked by taking care of all local authority related documentation processes on behalf of the customer.

Commenting on the enhanced home financing facility, Amãna Bank’s Head of Retail Advances Ramakrishnan Kirubakaran said, “The Bank will handle all local authority approvals on behalf of the customer thereby giving the customers the true peace of mind in purchasing or building their dream home. With the complete process only taking up to 14 days, the Bank is yet again keeping up to its promise of Best in Speed while also being Best in Price.”

With Amãna Bank’s Home Finance Facility, the Bank will partner with the customer in buying or building the home and will let the customer buy back the Bank’s share over a period of time. The Bank will rent its share of the house to the customer so that the customer could enjoy the full usage of the house at all times. The stand out feature of this people friendly solution is the ability to settle the facility early with no additional charges.

Amana Bank Home Finance Facility is designed for today’s home hunter and offers a number of benefits such as repayment period up to 20 years and the Bank sharing the risk of the property with the owner. Customers can calculate the monthly instalment which better suit them by visiting the Financing Calculator available on the Bank’s website www.amanabank.lk.

Amãna Bank is the country’s first and only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based banking model. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of 30 branches and 4000+ ATM access points and has introduced an array of customer conveniences such as Internet and Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with an authorised capital base of over $ 150 billion which has a membership of 57 countries. Fitch Ratings, in June 2019, affirmed Amãna Bank’s National Long Term Rating of BB(lka) with a Positive outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions representing the Bank.