HNB and Span Engineering renew exclusive partnership for premium home loans

October 29, 2023 October 29, 2023

Sri Lanka’s leading private sector bank, HNB PLC, renewed its exclusive partnership with renowned property developer Span Engineering (Pvt) Ltd to offer prospective homebuyers special interest rates and exciting benefits for home loans.

The partnership will offer customers the best rates and customized payment plans to provide prospective homeowners with unique home loans for the purchase of apartments at all new and existing Span projects.

“The Sri Lankan real estate market has witnessed a resurgence in the past year, driven by the growing trend of urbanization and economic stability. To address the increasing demand for vertical urban living from domestic and international customers, we are pleased to announce our partnership with Span Engineering. Our collaboration with the well-known real estate giant aims to offer our loyal customers the finest real estate options available in the market, while also bolstering the economy and providing valuable real estate investment opportunities for the nation,” HNB Head of Personal Financial Services, Kanchana Karunagama said.

HNB will offer customers making use of the flexible repayment options, a Step-up facility, a Grace period, and a residual option, ensuring a repayment option in line with the customer’s increasing income can customize repayment plans to suit their income pattern.

Customers can also obtain a maximum repayment period of 25 years for the loan facility for an attractive interest payment, in addition to a seamless loan approval process supported by its state-of-the-art backend systems.

HNB Assistant General Manager – Personal Financial Services, Kanchana Karunagama, and Span Engineering Chairman, Sivasubramanium Sanjeewan exchanging the MoU in the presence of (from left) HNB Mortgage Advisor, Gayan Abeysinghe, HNB Manager – Home and Personal Loans, Sampath Dodanwela, HNB Manager – Personal Financial Services, Asitha Fernando, Span Engineering Director Siyamala Sanjeewan, Span Engineering Manager – Marketing & Business Development, Ashani Mahanama, Span Engineering Manager – Marketing, Baskaradasan Pragashini and Span Engineering Administrative Secretory, Roshani Subasinghe.

“Our expansion into key urban areas gives our customers unique opportunities to access premium real estate options at exclusive prices. In the current market, where demand for quality living spaces continues to rise, we recognize the need for innovative solutions. This collaboration with HNB enables our customers to invest in their preferred choice of living, enhancing their lifestyle while ensuring affordability and convenience. By combining our expertise in real estate development with HNB’s financial support and commitment to customer satisfaction, we aim to deliver a seamless experience for those seeking their dream homes,” Span Engineering Chairman Sivasubramaniyam Sanjeevan said.