DFCC Bank Introduces Structured Housing Loans Offering Maximum Flexibility

Understanding its customers' unique and diverse needs, DFCC Bank has introduced various repayment options for DFCC Housing Loans, with credit approvals within just 3 days, offering maximum flexibility and convenience. DFCC Housing Loans also provides the most attractive interest rates in the market while offering a series of flexible structured repayment plans. DFCC Housing Loans are ideal for those looking to purchase a residential bare land or existing house or apartment, whether completed or still under construction. They are also ideally suited for those looking to construct a residential home on already-owned land, purchase land, construct a house, or reimburse the purchase cost. The flexibility offered by DFCC Bank also allows you to transfer existing loans from other banks into a much more favourable and seamless arrangement with DFCC Housing Loans. 

Aasiri Iddamalgoda, Senior Vice President of Retail Banking and SME at DFCC Bank, said, "We understand the significance of homeownership and the financial journey it takes to get there. Having your own home is one of life's key milestones, and we want to assist our customers, as their financial partner, in achieving that aspiration. That is why our structured housing loans are designed to offer maximum flexibility and convenience, providing customers with diverse repayment options tailored to their needs. This way, it is possible to choose what is most convenient for you and make your dream of homeownership a reality."

DFCC Home Loans presents a range of repayment options to accommodate diverse financial circumstances and preferences.The first option entails stepped-up repayments with equal instalments. During the initial 3 years, customers are required to repay only 10% of the loan equity, followed by increments to 30% in years 3 to 6 and 60% in years 6 to 10. The second option is tailored for fixed-income earners and professionals exclusively, provides a five-year grace period of 5 years, followed by equal capital or structured repayments aligned with the customer's repayment capacity. This option extends to a maximum loan tenor of 20 years, with predicted future income after 5 years. 

The third option offers an alternative approach, with annual principal payments due as a lump-sum payment at the end of each year, though monthly interest payments will continue to apply. This option is available for a maximum loan tenor of 10 years.And the final option presents the opportunity for equal monthly capital repayments, with 50% of the capital remaining to be repaid as a lump-sum payment at the end of the loan tenor. This option provides a further allowance to roll over the 50% remaining capital repayment for an additional 5 years at the end of the loan tenure, should it be required. Individuals eligible for the structured DFCC Home Loans include salaried employees with a salary above LKR 100,000/- and with at least 1 year of employment, self-employed professionals earning at least LKR 100,000/- per month and having proof of income for 1 year, and self-employed individuals with at least 03 years of audited financial statements to show a minimum monthly income of LKR 100,000/-.Make your inquiries or apply for a DFCC Home Loan today; call DFCC Bank 24/7 on 0112442076 or visit your nearest DFCC Bank branch to get started towards your dream home today!