Sampath Bank & Prime Lands Partnership Redefines Property Ownership with 0% Equity Solution

Sampath Bank PLC recently signed a Memorandum of Understanding (MoU) with Prime Lands (Pvt) Ltd and Prime Lands Residencies PLC at the Sampath Bank Head Office, introducing an exclusive financing solution to make property ownership more accessible for Sri Lankan homebuyers. Through this agreement, customers purchasing condominium properties developed by Prime Lands and Prime Residencies will have access to a 0% equity financing facility, subject to eligibility requirements. This exclusive facility applies to condominium properties developed by Prime Lands (Pvt) Ltd and Prime Land Residencies PLC that maintain an existing partnership with the Bank.

This scheme allows customers to secure their homes without the burden of an initial down payment. Sampath Bank will finance 100% of the purchase price or loan amount for completed projects, ensuring a seamless handover, while for projects under completion, 30% of the purchase price will be released upfront to support both buyers and developers with financial flexibility and timely progress.

Speaking at the signing ceremony, Mr. Deepal De Silva, Chief Operating Officer of Sampath Bank, said, “Owning a home is a lifelong dream for many families, and through this partnership we are making that journey easier and more accessible. The 0% equity solution removes one of the biggest barriers to homeownership, enabling more Sri Lankans to step into a property of their own while enjoying the financial peace of mind that Sampath Bank has always stood for.”

The facility will be offered exclusively on Prime Residencies condominium projects partnered with Sampath Bank to customers. The initiative combines Sampath Bank’s financial expertise with Prime Group’s trusted real estate solutions, reflecting a shared vision of creating accessible, reliable and customer-centric pathways to home ownership.

Prime Lands Residencies PLC, part of the Prime Group, has established itself as one of Sri Lanka’s foremost real estate providers over nearly three decades. Guided by its vision of “Committed to Creating a Better Place on Earth,” the Group has built a reputation for trust, innovation and consistency, delivering high-quality housing solutions nationwide while contributing to environmental and humanitarian initiatives.

Commenting on the partnership, Mr. Nalinda Heenatigala – Executive Director Prime Land Residencies / Prime Land Private Limited, said, “We are delighted to join hands with Sampath Bank to bring greater value to aspiring homeowners. This collaboration reflects our ongoing commitment to creating opportunities that make homeownership a reality for more Sri Lankans, while upholding the highest standards of trust and excellence that Prime Group is known for.”

The MoU reaffirms the commitment of Sampath Bank and Prime Group to reducing barriers to homeownership and creating financial solutions that enable customers to build their futures with confidence.