John Keells Properties’ Freedom Mortgages now available for HNB customers

John Keells Properties has tied up with Hatton National Bank to offer its exclusive Freedom Mortgages home financing scheme for potential homeowners looking to invest in its much- awaited TRI-ZEN development.

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 attractive interest rates starting from just 7%, HNB said in a media release.

“Investors are faced with an unprecedented opportunity to purchase a home in the heart of the city through the Freedom Mortgage plan. Once the first 20% is paid, the customers do not need to make any further payments for a period of 2 years through this scheme, and the bank can also offer a grace on the capital repayment for up to 5 years. Additionally, the loan process is supported by HNB's back-end processes to ensure a three-day loan approval period for all applications,” it said.

"This partnership is an ideal opportunity for prospective homeowners looking to invest in a modern living space for their dream home," HNB Deputy General Manager- Retail and SME Banking Sanjay Wijemanne said.

Slated for completion in 2023, TRI-ZEN is a joint venture between Indra Traders (Pvt) Ltd. and John Keells Holdings PLC, and promises occupants luxury, smart-home residences in a most enviable location. From its address in Union Place, Colombo 03, the 53-storey residential development houses 891 one, two, and three-bedroom apartments, each unit fully equipped with state-of-the- art facilities and conveniences geared towards 21st century connected living.