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HNB partners with Union Place Apartments to offer special home loans

Sri Lanka's leading private sector bank HNB PLC, announced an exclusive partnership with Union Place Apartments Pvt Ltd, developers of the 202-unit 447 Luna Tower which is scheduled for completion end of this year, to offer prospective homebuyers special interest rates and attractive benefits for home loans.

The partnership will offer customers special promotions for 90 days when investing in an apartment at the complex situated in the heart of Colombo. HNB Deputy General Manager - Retail and SME Banking, Sanjay Wijemanne, HNB Head of Personal Financial Services, Kanchana Karunagama, Union Place Apartments Alternative Director, Kithmini Chathurika and Alternative Director Priyantha Fernandopulle were present at the occasion.


“As one of Sri Lanka’s largest private sector banks, HNB has continuously served as an engine for development, and supportive partner for customers seeking to meet their most treasured aspirations.; Our partnership with Union Place Apartments is another step in this direction, providing our loyal customers with the best possible value on one of Colombo’s most sought after condominium properties, and an easy, convenient, and affordable pathway to the home of their dreams,” Wijemanne stated.

HNB will offer special interest rates during the promotional period spanning October 7, 2021 to January 4, 2022. Backed by the bank’s state-of-the-art back-end processes, prospective homeowners are privy to a remarkable 3-day loan approval period; ideal for customers relying on a speedy response to the loan applications.

The bank will offer prospective homeowners flexible repayment options, such as the Step-up facility, which ensures a repayment option in line with the customers evolving income. Customers can also obtain a maximum repayment period of 25 years for the loan facility for an attractive interest payment.

Notably, HNB will offer customers a five-year grace period for the capital payment of their mortgage, in addition to a seamless loan approval process supported by its state-of- the-art backend systems.



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