ComBank-Prime Lands offer full financing on homes

Commercial Bank Deputy General Manager Personal Banking S. Ganeshan and Prime Lands Executive Director Shehana Brahmanage exchange the agreement in the presence of senior representatives of the two companies 

Commercial Bank of Ceylon has signed a memorandum of understanding with Prime Lands and Prime Land Residencies to provide up to 100 percent financing for customers purchasing condominium units or gated houses developed by the Prime group, demonstrating the bank’s unwavering commitment to empowering more Sri Lankans to achieve their dream of home ownership.

The agreement enables the prospective homeowners to seamlessly access Commercial Bank’s home loan facilities with tripartite agreements involving the developer, buyer and bank.

As the market leader in home loans, Commercial Bank brings unmatched expertise and flexibility to the borrowers seeking to invest in properties developed by one of Sri Lanka’s most trusted names in real estate.

Commercial Bank Deputy General Manager Personal Banking S. Ganeshan said, “This agreement with Prime Lands and Prime Land Residencies creates an excellent opportunity for us to expand our housing loan portfolio while enabling more Sri Lankans to realise one of their life goals. Commercial Bank’s strong home loan offering, combined with Prime Group’s reputation as a leading developer, ensures customers benefit from both financial strength and quality of construction.”