The Commercial Bank of Ceylon has partnered with Capital Trust Properties, a leading real estate brokerage firm, to provide enhanced home-buying opportunities for Sri Lankans. Through this strategic collaboration, prospective homeowners can access tailored home loans from Commercial Bank, with a particular focus on financing apartments in major property developments.
The partnership was formalized through a Memorandum of Understanding (MoU), enabling Capital Trust to guide potential buyers towards Commercial Bank for financing. The bank, in turn, offers customized loan options designed to simplify the process of purchasing homes in developments such as Capital Trust Thimbirigasyaya, Vajira Road, Havelock City, Capitol Twinpeaks, and more.
Hasrath Munasinghe, Deputy General Manager of Retail Banking & Marketing at Commercial Bank, highlighted the bank’s competitive loan products, stating, “This partnership creates more opportunities for individuals to turn their dream of homeownership into a reality.”
Commercial Bank, the first private sector bank in Sri Lanka to lead the home loans sector, boasts a portfolio of Rs 72.965 billion as of March 2024. The bank offers a variety of innovative loan products, including the ‘First Time Home Buyers & Builders’ scheme, which provides discounted loan protection insurance, and a Green Home Loan for eco-friendly projects. Additionally, the bank offers flexible repayment options through Residual Home Loans, Step-up Home Loans, and grace periods for professionals and high net worth individuals.