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Commercial Bank Managing Director/CEO Sanath Manatunge (left) exchanges the agreement with Home Lands Group Chairman/Managing Director Nalin Herath, in the presence of Director Harshani Herath and Executive Director Dinithi Amaya Herath and representatives of Commercial Bank
The Commercial Bank of Ceylon has reaffirmed its commitment to support Sri Lankans fulfil their dream of home ownership by signing a Memorandum of Understanding (MoU) with Home Lands Skyline Ltd., to offer convenient loan facilities for condominium units and gated houses developed by the company.
Under this agreement, Commercial Bank will finance up to 100% of the purchase price of properties offered by Home Lands Skyline, through tripartite agreements that ensure enhanced security and convenience for buyers.
Commercial Bank has been serving Sri Lankans in the home loans sector for many years with a portfolio strengthened by a wide range of flexible repayment options, competitive interest rates, and industry-leading service standards.
Commercial Bank Managing Director/CEO Sanath Manatunge said: “Our objective is to expand home ownership opportunities for Sri Lankans by working with trusted developers. This partnership with Home Lands Skyline allows us to serve a broader base of customers and reach diverse segments, while continuing to grow our housing loan portfolio.”
Home Lands Group Chairman/Managing Director Nalin Herath added: “We are happy to further strengthen our longstanding partnership with Commercial Bank through this initiative. It enables us to widen opportunities for aspiring homeowners and investors seeking high returns, while continuing our mission to create modern lifestyle spaces that enhance the way people live.”