LankaPropertyWeb Partners with Bank of Ceylon to Offer Home Loans and Power Mortgage Calulator

December 17, 2020
Share this Post: 

Sri Lanka's #1 property portal LankaPropertyWeb has announced a partnership with the Commercial Bank of Ceylon to offer its users home financing through the portal. Loans of up to Rs. 50 million (roughly $268,000) will be considered for purchases of homes as well as land and house construction projects. The deal will also see the bank power the portal's mortgage calculator tool for six months and see the Frontier Digital Ventures-backed company get a step closer to property transactions in a country whose property market is starting to come of age.

Commenting on the partnership, LankaPropertyWeb Founder and MD Daham Gunaratna said:

“Customer needs are always our priority when designing our platform or offering our services. And when purchasing property, we have constantly noticed the problems buyers encounter when trying to access credit facilities. The main issue is the lack of knowledge in the process. Through our partnership with Commercial Bank, the buyer can approach the bank through LankaPropertyWeb as we help them out and guide them with the applications. This is a milestone in our business and a monumental step in achieving our cause"

December 17, 2020
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Dutch Houses Netherlands
Mediahuis Shuts Dutch Portal Jaap Citing Fierce Competition

The Dutch real estate portal Jaap quietly shut down earlier this year after seeing its profits evaporate in the face...

Read More
Costar Vs Zillow Cowboys
CoStar's Homes.com May Not Need to Win Traffic Game to Out-Earn Zillow

It might be growing fast (and shouting about it) but CoStar-owned US  challenger real estate portal Homes.com is still a...

Read More
Untitled Design 10 1
Schibsted Successfully Detaches Media Business, Leaving Standalone Marketplaces Segment

The Norwegian media and marketplace operator Schibsted has had a busy month, with transactions worth approximately NOK 50 billion ($4.7...

Read More
Idealista Cinven
Private Equity Firm Cinven Takes the Lead in €3Bn Idealista Tug-Of-War

London-based, private equity firm Cinven has reportedly signed an exclusivity agreement to acquire Idealista for an estimated €3 billion. The...

Read More

Editor's Pick