DFCC Bank has partnered with the Sri Lanka Bureau of Foreign Employment (SLBFE) to introduce the ‘Ethera Diriya’ housing loan scheme, designed to help Sri Lankan migrant workers invest their overseas earnings in housing and strengthen the long-term financial security of their families.
The memorandum of understanding was signed by DFCC Bank Vice President and Head of Products and Propositions, Retail and Business Banking, Asitha Pinnaduwa, and SLBFE Chairman Koshala Wickramasinghe.
Under the scheme, eligible Sri Lankan migrant workers can obtain housing loans of up to Rs.10 million, with repayment periods extending up to 10 years. The financing can be used for the construction, purchase, renovation or improvement of a residential property.
The scheme also features an interest reimbursement mechanism facilitated by the SLBFE. Eligible borrowers can receive financial relief through the applicable interest subsidy, helping reduce the cost associated with financing a home.
For Sri Lankans working overseas, purchasing or building a home can represent more than an investment in property. It can provide families with greater stability while transforming years of work and savings abroad into a lasting asset.
“Hundreds of thousands of Sri Lankans work overseas to create a better future for their families. Their earnings support their loved ones and make an important contribution to the national economy. Through Ethera Diriya, we want to help them convert that effort into a secure home and an asset that will serve their families for years,” said Pinnaduwa.
The partnership complements DFCC Bank’s wider range of financial services for migrant workers and remittance beneficiaries, including the DFCC RataViru savings account.
Designed around the financial requirements of Sri Lankans working overseas, the RataViru savings account offers attractive interest rates, a free debit card and access to dedicated financial solutions and other benefits.
Together, the Ethera Diriya housing loan scheme, DFCC RataViru savings account and DFCC Bank’s remittance services provide migrant workers with financial solutions across different stages of their financial journey, from sending and saving their overseas earnings to investing in a home.
The initiative also highlights the broader role of remittances in supporting families and household financial security. Beyond the funds transferred into Sri Lanka, remittances can enable families to build assets, improve living conditions and create greater financial stability for the future.
For migrant workers, the opportunity to turn their overseas earnings into a home can therefore provide a tangible outcome from years of work away from their families, while creating an asset that can support their loved ones over the long term.
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