John Keells Properties has partnered with Bank of Ceylon (BOC) to introduce a 10-year fixed-rate home loan scheme for buyers of VIMAN Ja-Ela, its flagship suburban residential project.
The facility, with interest rates starting at 10%, offers homeowners long-term predictability in repayments—an uncommon benefit in Sri Lanka’s volatile financial climate.
“This partnership with Bank of Ceylon underscores our commitment to making quality housing more accessible,” said Nadeem Shums, Head of Sales and Marketing at John Keells Properties and Vice President of the John Keells Group. “Fixed-rate financing provides buyers with peace of mind and long-term financial security.”
Bank of Ceylon, the country’s largest state-owned bank, said the scheme reflects its mission of enabling affordable homeownership. “We are delighted to extend fixed-rate home loans to VIMAN buyers, helping them plan for the future with confidence,” noted N. Jeewantha, Deputy General Manager of Development Banking and Branch Credit Operations Range 2.
VIMAN Ja-Ela, located on a six-acre site with over 60% dedicated to open spaces, offers 418 apartments designed with a focus on lifestyle, wellness, and sustainability. The project features over 15 amenities, including children’s play areas, a multi-sport court, and solar-powered energy solutions, while also ensuring easy connectivity to Colombo via the Port Access Highway.
The collaboration between John Keells Properties and BOC is expected to boost demand for VIMAN Ja-Ela by easing financial barriers for prospective homeowners.
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