From DFCC Vardhana Bank – The Most Caring and Trusted BankView(s):
Vardhana Sandella – Make your dream home a reality
DFCC Vardhana Bank (DVB), the commercial banking arm of the pioneer development bank -DFCC, is one of Sri Lanka’s youngest commercial banks in Sri Lanka. With a history spanning close to 10 years DVB has been able to introduce some of the most attractive and flexible banking products to its customers. Catering to the commercial banking needs of the DFCC customer base and also strengthening relationships with the business community over the past few years, DVB has been in the forefront providing tailor made innovative commercial banking services.
Now expanding and catering to the needs of the up and coming young professionals and businessmen who plan on purchasing or constructing their first home, DFCC Vardhana Bank has introduced ‘Vardhana Sandella’ one of the most attractive and flexible housing loan schemes available in the market. In a market that is driven by service quality and interest rates, DVB will be right by your side throughout the entire process of obtaining a housing loan.
The housing loan scheme accommodates the purchase of house and property, land, apartments and also renovations as well as extensions. With competitive rates of interest ‘Vardhana Sandella’ also provides a choice of flexible interest rate options to its customers. Offering a maximum repayment period of 20 years for purchase or construction, 10 years for renovations and extensions, the bank also extends housing loans to those employed overseas with a repayment period of 7 years. DFCC Vardhana Bank is fully geared to provide you with the best deals possible whilst assisting the customer throughout the entire process. Most importantly applications for the ‘Vardhana Sandella’ housing loans can be obtained and submitted at any of DVB’s 129 branches and Customer service centers based on customers’ convenience.
The formalities associated with obtaining a housing loan can be quite strenuous, involving the dreaded and endless paperwork which can further complicate matters. However at DFCC Vardhana Bank obtaining a housing loan is easy, stress free and fast. All the necessary information the customer requires is provided during the initial discussion thus saving valuable time. The Bank’s call centre is also geared to assist customers over the phone and their requests will be channeled to the relevant branch where all concerns and issues will be resolved. The process is also made easy as we provide a checklist incorporated in the application which will ensure that the necessary documents are forwarded and the Bank’s officials will guide the customer throughout. All branches are fully geared to provide the required information. Furthermore the bank’s website also offers online assistance. At DVB, Client’s are advised to obtain a mortgage protection policy in order to secure the future of their loved ones.
Speaking to the Head of Personal Financial Services Mrs. Gillian Edwards stated “We believe in providing the best one on one financial service to our customers and ‘Vardhana Sandella’ is a great example. Acquiring a home is one of the most important milestones in one’s life and we at DVB we will be right by your side throughout the entire process and our relationship with you does not end there as we are looking forward to a long term partnership. Whilst ensuring a personalized service we also provide the best tailor-made packages to suite your individual requirements.”
Currently having a network that covers fully-fledged branches 59 and 70 extension Offices Island wide in strategic locations (of 59 fully-fledged branches and 70 extension offices in strategic locations island wide) providing ease of access to all customers, DVB has future plans to expand its financial services to all Sri Lankans. “Our postal units have been located in some of the most rural areas where no other private banks have ventured. We reach out to individuals who have been deprived of a formal banking channel providing them with banking services, whilst most importantly protecting them from the unauthorized financial sector” added Mrs. Edwards.
DFCC Vardhana Bank received a credit line of USD 15 Million from the Asian Development Bank in October 2012 . The proceeds of this credit line will be used exclusively for housing with special focus on the needs of those who have been affected by the Tsunami and the North and East conflict.
The requirements for housing loans in of Sri Lanka have steadily increased over the years, with consumers having higher disposable income. DVB aims on re-lending the ADB loans exclusively for mortgage on-lending reaching out to all citizens of Sri Lanka. DVB will provide a fair and secure access to home loans to all deserving borrowers with the objective of closing the market gap. With over 57 years of experience in the financial sector DFCC Bank has seen over 100,000 industries develop in this country. And now its commercial banking arm DVB, proudly reaches out to every common man of this country providing a friendly and courteous service backed by the very best banking technology available in the market. DVB also has been able to maintain an AA- Flitch rating which clearly denotes the stability, continuity and support extended by its parent. (very high credit quality and strong capability for timely payment of financial
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