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22 Aug 2023

John Keells Properties partners Commercial Bank to offer ‘freedom mortgage’ to valued customers

John Keells Properties has re-launched ‘Freedom Mortgage’ for TRI-ZEN Apartments through a strategic collaboration with Commercial Bank PLC.

As part of this home financing solution, customers of John Keells Properties can pay 20% now and nothing more for the next 6 months. This will provide aspiring home buyers and investors with a unique opportunity to enjoy enhanced financial flexibility.

Freedom Mortgage aims to ease the financial challenges often linked with property ownership, empowering potential buyers to experience the joy of owning an apartment without the immediate burden of mortgage repayments. This innovative solution demonstrates John Keells Properties’ dedication to transforming the residential real estate landscape and prioritising the requirements and dreams of their esteemed clientele.

John Keells Properties Head of Sales and Marketing, and John Keells Holdings Vice President Nadeem Shums said: “We are delighted to reintroduce a mortgage instrument that we pioneered a couple of years ago. With declining interest rates, the real estate investment proposition has become exceptionally appealing, particularly when compared to heavily taxed fixed-income options. Through this initiative, we seek to provide our valued customers with a sense of relief and enhanced financial flexibility, enabling them to transition smoothly into their new homes with peace of mind. This limited-time offer presents an opportune moment to seize the advantages of the Freedom Mortgage and secure an attractive mortgage package.”

Commercial Bank Retail Banking and Marketing Deputy General Manager Hasrath Munasinghe said:“We are delighted to partner with a leader in the property development sphere to offer tangible benefits to customers that invest in a TRI-ZEN apartment with a Commercial Bank Home Loan. The support of Sri Lanka’s leading private sector bank and the cost savings represented in this agreement should give any buyer a welcome confidence booster to make their dream a reality.”

In addition to the financial advantages of Freedom Mortgage, TRI-ZEN Apartments presents a diverse range of contemporary living spaces designed to cater to the varying needs and preferences of urban residents. TRI-ZEN is engineered from the ground up for smart tech integration allowing residents to enjoy a convenient lifestyle in the heart of Colombo’s business and entertainment district.