John Keells Properties extends ‘Freedom Mortgages’ through DFCC Bank

Business

John Keells Properties has inked a partnership with DFCC Bank, to supplement the property developer’s ‘Freedom Mortgages’ home finance scheme.

Being the first-of-its-kind in the country, this mortgage plan is offered to potential homeowners looking at investing in John Keells Properties’ upcoming TRI-ZEN residential development, with DFCC Bank now playing a significant role in alleviating customers’ home loan burdens.

The Freedom Mortgage plan promises customers the financial relief of a two-year interest free period on their mortgage, with the customer only having to pay 20% up front. The bank will fund up to 80% of the purchase price and the loan will be offered at exceptional interest rates, the company said in a media release.

“We have been innovating in the mortgage space for quite some time now and DFCC Bank was one of our earliest partners in trying to really expand the reach of housing in the centre of the city to more people. With this package we want to put TRI-ZEN and inner city living within the reach of a much broader segment of the population,” said Nayana Mawilmada, Sector Head, John Keells Properties.

DFCC Bank offers the Freedom Mortgage Loan to any individual securing an apartment at TRI-ZEN. A fixed income earner, professional or a self-employed individual with an income sufficient to meet the monthly loan commitment is eligible to apply for a DFCC Home Loan.

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