Union Bank Launches “Home Loan Plus” with no Upfront Capital Requirements

Union Bank Home Loan Plus, is Sri Lanka’s first 100% financing solution for premium properties providing full funding for both complete and under-construction projects. With no capital required upfront it enables homeowners to move into their dream homes with ease. This innovative solution features tailored repayment plans to suit a range of income types, including salaried professionals, business owners, and property investors.

Customers can choose from flexible options such as customisable monthly instalments, interest-only payments with lump sum settlements, or capital repayments structured to match investment returns. Enabling luxury homeownership more accessible, Union Bank Home Loan Plus is now available through leading property developers including John Keells Properties and Prime Group.

 "Union Bank Home Loan Plus is a game-changer in Sri Lanka’s housing finance landscape. By removing the need for upfront capital and offering flexible repayment options, we are making premium property ownership a reality for more Sri Lankans," said Malinda Perera, Vice President – Head of Cards & Retail Products Management at Union Bank.

Picture Caption: Malinda Perera, Vice President – Head of Cards & Retail Products Management