Jalaram Jyot Mandir acquires fund by Unity Trust Bank for additional community services

Monday 07th September 2020 11:19 EDT
Darshan Roy 

A community centre and temple in West London have acquired over a £1 million refinance package from Unity Trust Bank. Shree Jalaram Jyot Mandir in Sudbury has a congregation of around 12,000 devotees primarily rendering their services to the Hindus and the wider community.

Managed by the Lohana Mahajan (UK) Trust, the temple will channel the funds in improvement works besides providing additional facilities. The premises already provide, daily worship, religious activities and celebration of Hindu & religious festivals. Freshly-cooked meals are made available for hundreds of members and disabled people every day. Sports, recreation, social welfare activities and day trips for less mobile members are also organised. Funerals, wedding ceremonies and religion, culture and heritage education are other priorities.

Darshan Roy, Director of Zoom Finance Ltd, based in Watford, facilitated the refinance package between Shree Jalaram Jyot Mandir and Unity Trust Bank. He said, “Shree Jalaram Jyot Mandir previously had very expensive private finance and the trustees were looking to consolidate this and fund improvements, such as a new roof and improved car parking facilities, so they approached me because of my experience and involvement with charitable institution like theirs.

“My role is to understand the client’s vision as well as the banks. I understood how LMT was structured and that they needed to find the right lender. That lender was Unity Trust Bank.

“Unity Trust Bank was very understanding, responsive and professional and the relationship is a perfect fit for everyone.”

The Trustees of Shree Jalaram Jyot Mandir/Lohana Mahajan (UK) Trust, said, “Our Repton Avenue temple needed finance to action its growth strategy going forward. This required a more affordable rate of finance which has been arranged through Zoom Finance with Unity Trust Bank. We are excited that Unity Trust Bank has come on board and look forward to an excellent working relationship in the future.”

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