Sampath Bank-Home Lands launch 0% equity housing solutions

Home Lands Skyline (Pvt.) Ltd Chairman/Managing Director Nalin Herath (sixth from left) and Sampath Bank Chief Operating Officer Deepal De Silva (seventh from right) exchange the agreement in the presence of representatives from both institutions

Sampath Bank PLC recently signed a memorandum of understanding with Home Lands Group at its head office, introducing a new financing solution aimed at easing the path to property ownership for homebuyers. 

This agreement further strengthens the long-standing partnership between the two organisations while providing the customers purchasing houses or apartments developed by Home Lands with access to a zero percent equity financing solution, subject to eligibility criteria.

Under this scheme, Sampath Bank will fund 100 percent of the total purchase price or total loan amount, ensuring the buyers enjoy a seamless handover of their property. This exclusive facility eliminates the need for an initial down payment, providing the customers with a truly hassle-free path to homeownership.

Sampath Bank Chief Operating Officer Deepal De Silva said, “Homeownership is one of the most meaningful milestones in a person’s life and this partnership allows us to remove one of its biggest barriers, the initial down payment. Through this innovative zero percent equity financing solution, we are empowering more Sri Lankans to step into their own homes with confidence and financial peace of mind.”

Home Lands Group Chairman Nalin Herath said, “Through this partnership with Sampath Bank, we are widening the opportunities available to aspiring homeowners across Sri Lanka. We remain committed to making homeownership more accessible, ensuring that our customers can step into their dream homes with confidence, convenience and peace of mind.”