ComBank to finance luxury apartment purchases at first mixed development project in Rajagiriya

Enters into MoU with developer Baili Investments Lanka to support sales at 1000-unit high rise

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Commercial Bank Assistant General Manager - Personal Banking Kapila Liyanage, exchanges agreement with Baili Investments Director Xueyuan Deng, in presence of senior representatives of two companies

IN yet another demonstration of its understanding of customer requirements, the Commercial Bank of Ceylon has entered into a Memorandum of Understanding (MoU) with Baili Investments Lanka Private Ltd. to provide prospective buyers of condominium apartments at a mixed development project in Rajagiriya with access to flexible home loan facilities.

Under this agreement, the Bank will offer home loans to buyers through tripartite arrangements involving the Bank, the developer, and the buyer. Buyers will be able to obtain loans covering up to 75% of the purchase price of their apartments, making it significantly easier for them to own homes in this landmark development.