Pan Asia Bank partners CBH Lands to assist potential land buyers

Pan Asia Bank Director/CEO Nimal Tillekeratne and CBH Lands Chairman Yatila Wijemanne exchange agreement in the presence of (from left) Pan Asia Bank Senior Manager Central Sales Anuradha Ranaweera, AGM Retail Credit Shiyan Perera, Senior DGM Naleen Edirisinghe and CBH Lands Deputy Chairman Manjarie Tissera  

Pan Asia Bank, which has played a pivotal role in promoting the development of the local economy as part of its commitment to nation-building by partnering SMEs, reflects its promise to be a truly Sri Lankan bank for all. 

This newest initiative by Pan Asia Bank offers assistance to potential home buyers to access CBH’s real estate offerings through the bank. CBH Lands is a trusted real estate developer mainly focused in the Kurunegala district, which is developing rapidly, especially with the new Central Expressway. 

In this context, Pan Asia Bank offers potential buyers funds to place a down payment when reserving land through CBH Lands. This unique arrangement fulfils the buyer’s initial financial requirement to secure the land for full purchase later on. It also gives the buyers ample time to arrange for the balance payment when it falls due and helps them realise their dreams of owning an idyllic home in a rapidly growing suburb. 

This groundbreaking offering is the first of its kind in banking history where a personal loan of this nature has been developed. Pan Asia Bank is pleased to support and share part of the financial liability of the client with a view to paving the way for the client to acquire a stable asset with long-term potential, which will appreciate in value. Thus, Pan Asia Bank is encouraging citizens to own a land or home within the country, promoting financial security for people.

CBH Lands has embarked on a number of developments across the entire Kurunegala district. All developments undertaken by CBH Lands have been approved by the necessary government institutions and bodies, legally clean land plots with all infrastructure developed ready for immediate investment. This provides an ideal opportunity for the investor as all the red tape has been cleared by CBH Lands. 

These lands are obtained by identifying potential hotspots through intensive research carried out by the company’s research arm and the ground selection. As such, it ensures that the lands are affordable owing to their strategic locations. CBH Lands caters to a diversified array of clients, who need property for residential purposes and long-term investment purposes such as business collateral, university/college funds and retirement purposes. 

A respected name in real estate development close to a decade, the objective of CBH Lands is investment and sales across the country, especially within the Kurunegala district in the North Western Province. The exclusive mark of excellence of CBH Lands is that it has customised the locality and the size of the land in accordance with the requirements of the client, whilst ensuring that the land is screened, legally cleared and then developed according to the needs of the client.