ComBank’s Green Home Loans scale new heights with Capitol TwinPeaks

Commercial Bank Deputy General Manager Retail Banking and Marketing Hasrath Munasinghe exchanges the agreement with Capitol Towers Chief Operating Officer Dhammike Wasanthakumara in the presence of Capitol Towers Limited Manager Sales Thakshila Ariyawansa, Senior Manager Sales C. Thuwaregan, Commercial Bank Chief Manager Retail Products Department Dushmantha Jayasuriya and Product Manager Home Loans Hasela De Silva

Commercial Bank of Ceylon has announced customised Green Home Loans for buyers of apartments at Capitol TwinPeaks, a high-rise mixed development with luxury residential apartments in Colombo that has already been certified Gold by the Green Building Council of Sri Lanka (GBCSL).
A memorandum of understanding signed by the bank and developer Capitol Towers Ltd commits the two organisations to provide buyers a series of significant special benefits that will facilitate the purchase of apartments and the enhancement of their eco-friendly potential.

Capitol Towers Ltd has undertaken to offer concessions of up to 40 percent on the prices of apartments under this arrangement. Commercial Bank of Ceylon has agreed to offer loans at one percent lower than the published Platinum rate, 50 percent off document charges and discounts of up to 10 percent from five leading solar power products suppliers registered with the bank’s Green Home Loans programme.

These attractive special benefits will be available till January 31, 2024, the bank said.
Commercial Bank’s Green Home Loans of up to Rs.50 million are available for the purchase of homes that have been granted Green Building Certificates by the GBCSL or for the construction of houses that will be so certified. Loans of up to Rs.5 million are available for the purchase of solar power systems, solar net metering systems or for any other green initiative such as waste or rain water management or composting that leads to Green certification.

The loans are repayable in up to 15 years and can also be topped up periodically for maintenance or upgrades that improve eco-friendliness.
Commercial Bank recently entered into a landmark cooperation agreement with the GBCSL, laying the framework for the two institutions to work together to promote eco-friendly building construction in Sri Lanka. The bank and council have agreed to cooperate in activities related to the introduction of sustainable financing products by the bank to facilitate the transition to carbon-neutral and environmentally-sustainable economic developments under this agreement.

Capitol TwinPeaks is located in the heart of Colombo’s central business district and comprises of 50-storey twin skyscrapers that promise a private, serene and safe space in the sky. Offering 475 luxury apartments, Capitol TwinPeaks provides an escape into comfort and urban charm in the most elite neighbourhood of the country’s commercial capital.