DFCC Bank and Prime Land Residencies join forces for exclusive home loan solutions

DFCC Bank has forged a strategic alliance with Prime Land Residencies PLC, presenting a unique opportunity for aspiring homeowners to secure a luxurious apartment at “The Palace” in Gampaha. This partnership, a testament to DFCC Bank’s mission of democratising homeownership, was formalised through a Memorandum of Understanding (MOU) signed by Aasiri Iddamalgoda – Senior Vice President |Head of Retail Banking and SME, representing DFCC Bank, and H.M. Nalinda Heenatigala, Director of Corporate Affairs, representing Prime Land Residencies PLC.

Aasiri Iddamalgoda said, “Our collaboration with Prime Land Residencies’ ‘The Palace’ reflects our commitment to making luxury homeownership a reality for more Sri Lankans. By offering tailored home loan solutions with the most attractive interest rates and flexible repayment options, we ensure our customers can easily and conveniently achieve their dream of owning a premium residence.”

“The Palace” epitomises contemporary living, boasting meticulously crafted amenities that blend comfort, convenience, and elegance to deliver an unparalleled lifestyle. Through this collaboration, DFCC Bank offers competitive interest rates starting from 12 percent per annum, flexible repayment plans, and a swift approval process, making it more accessible than ever for customers.

DFCC Bank’s structured payment plans are unparalleled and designed to ease the financial burden typically associated with home purchases. Homebuyers can benefit from a grace period of up to 03 years or until the handover of their apartment unit, allowing them to defer the bulk of their repayments. During this period, customers are required to pay only 10 percent of the principal, with the option of making bullet capital repayments at the end of each year. Additionally, 50 percent of the loan can be repaid as a residual value at the last instalment, further enhancing flexibility and affordability.

For over 29 years, Prime Group has been a leader in Sri Lankan real estate, building a reputation for trust and excellence. Guided by its evergreen vision of being ‘Committed to Creating a Better Place on Earth’, Prime Group sets the standard in Sri Lanka’s real estate sector with a steadfast commitment to innovation, integrity, and luxury living.