Pan Asia Bank, 'The Truly Sri Lankan Bank,' has signed a Memorandum of Understanding (MOU) with Odiliya, a prominent name in real estate and property development. This strategic partnership is designed to redefine real estate financing in Sri Lanka by offering customers innovative and flexible financing solutions for property investments.
A standout feature of this partnership is the value proposition tied to Odiliya Group's latest housing project in Kadawatha. Customers can secure their dream homes with a 25% down payment and benefit from a one-year grace period during which no payments are required. This unique offering provides homebuyers with the opportunity to not make any payments till they move into their new homes, making the dream of homeownership more attainable. In addition to this exciting project in Kadawatha, Odiliya has several other developments across the country offering similar attractive financing options through Pan Asia Housing loans, further expanding opportunities for prospective homeowners.
In addition to flexible financing, Pan Asia Bank and Odiliya Group are dedicated to enhancing the customer experience by optimizing the documentation process. By implementing user-friendly systems and reducing bureaucratic hurdles, both parties aim to simplify the paperwork associated with loan approvals and property transactions.
Yohan Ebell, Chief Manager – Housing Loans & Bancassurance at Pan Asia Bank, remarked, "Our partnership with Odiliya Group allows us to provide customized financial solutions that cater to the evolving needs of our customers. By offering flexible terms and simplifying the home-buying process, we are committed to making homeownership a reality for more Sri Lankans.”
Mr. Janath Abeyagunratne – Founder – Chairman/Managing Director added, "We are thrilled to collaborate with Pan Asia Bank to offer our customers financing options that truly meet their needs. Our latest project in Kadawatha, along with many more similar projects, is designed to ease the financial commitment of purchasing a home, and with Pan Asia Bank as our partner, we are confident that more people will be able to realize their aspirations of owning a quality property."
Odiliya Homes has penetrated the real estate and housing markets in metropolitan areas around Negombo. Their quality and long-term orientation in these projects have earned them a well-deserved, reputed image within the industry. Currently, they are focusing on expanding our portfolio to Colombo and its suburbs.
Pan Asia Bank, The Truly Sri Lankan Bank, is an established and reputable financial institutions in Sri Lanka, committed to providing exceptional banking services to its customers. The Bank has developed a unique reputation and culture of being ambitious, results-oriented, respectful, caring and supportive of traditional values - a true testament of the brand’s positioning as a Truly Sri Lankan Bank. Pan Asia Bank's financial performance has been characterized by strength and resilience and it stands as one of the strongest banks in Sri Lanka.