Sri Lanka: HNB – Span Engineering partner in the promotion of real estate credit
HNB – Span Engineering partner in the promotion of real estate credit
Tuesday, February 15, 2022, 9:13 p.m. SL time, ColomboPage News Desk, Sri Lanka.
February 15, Colombo: Sri Lanka’s leading private sector bank, HNB PLC, announced an exclusive partnership with renowned property developer Span Engineering (Pvt) Ltd to offer potential buyers special interest rates and attractive benefits for home loans.
The partnership will offer clients the best rates and personalized payment plans to provide future owners with one-time home loans for the purchase of apartments in all new and existing Span projects, including Span Tower 27 – Moratuwa, Span Tower 28 – Negombo, Span Tower 29 – Rajagiriya and Span Tower 30 – Pereira Lane. HNB Deputy Managing Director – SME & Retail Banking, Sanjay Wijemanne and Span Engineering Chairman, Sivasubramaniyam Sanjeevan participated in the ceremony held at HNB Towers to sign the MOU.
As the demand for real estate, especially apartments, has only increased over the past year despite the obstacles faced by the construction industry in the face of the pandemic, we have worked to provide opportunities unique investment opportunities in this sector to our clients. As such, we are delighted to be working with Span Engineering to create this unique opportunity for prospective homeowners to invest in their dream home,” said HNB Personal Financial Services Manager Kanchana Karunagama.
HNB will provide customers using the promotion with flexible repayment options, a progressive payment facility, a grace period and a residual option which guarantees a repayment option based on the increase in customer revenue. Prospective owners can customize repayment plans based on their income.
Customers can also get a maximum repayment period of 25 years for the loan facility for an attractive interest payment, in addition to a transparent loan approval process supported by its state-of-the-art backend systems.
“We have seen an increase in demand for apartments over the past few years, which has resulted in four new developments under our Span Towers banner. Partnering with HNB will provide our clients with a unique opportunity to invest in their dream home on their terms. As such, we look forward to working with the bank during this promotional period to provide future owners with access to affordable housing,” said Span Engineering Chairman Sivasubramaniyam Sanjeevan.
Span Engineering has successfully completed twenty-one quintessential condominium projects, making it one of the best housing opportunities in Colombo. The company has now expanded to develop projects in Wellawatte, Negombo, Moratuwa and Nuwara Eliya meeting strong demand from local and foreign owners.
Further information about the offer can be obtained from HNB’s Customer Center on 011-2462462 and Span Engineering on 0773 686 000.