People’s Leasing launches dual promo for FDs: Attractive rates and valuable vouchers

Sri Lanka’s leading non-bank finance company People’s Leasing & Finance PLC announced the launch of an exciting new promotion recently offering customers attractive rates for Fixed Deposits together with a range of valuable gifts vouchers. 

Customers who place a Fixed Deposit with People’s Leasing receive vouchers from Singer (Sri Lanka) PLC to purchase valuable kitchen appliances.

New Fixed Deposits placed with a value of Rs. 100,000 and above for a period of 30 months or 42 months are entitled to this special offer which will run until 31 October. Additionally, People’s Leasing’s promotion is impressive and extremely attractive in comparison to rates offered by other banks and financial institutions island wide. 

Through this promotional gift voucher scheme, customers whose fixed deposits mature at 30 months receive a handsome choice of Singer appliances. For fixed deposits of Rs. 100,000 a gas kettle, for Rs. 250,000 a 2.2 litre rice cooker, Rs. 500,000 a Regnis electric coconut scraper, Rs. 750,000 a table top gas burner and for Rs. 1,000,000 a Symphony air cooler. 

Furthermore, customers whose fixed deposits mature at 42 months also receive vouchers for a fabulous range of Singer appliances. These include fixed deposits of Rs. 100,000 receive a gas cooker, for Rs. 250,000 a 2.2 litre electric oven, Rs. 500,000 a washing machine, Rs. 750,000 a LED TV and for Rs. 1,000,000 a refrigerator. 

Commenting on the launch of this extremely attractive promotion, People’s Leasing & Finance PLC Chief Manager Deposits and Savings Saman Liyanage said: “As a leading financial institution we believe in offering competitive and attractive interest rates thus we extend our gratitude to customers who open fixed deposits through this new promotion by offering gift vouchers for an impressive range of kitchen appliances in addition to receiving a bountiful interest. Our partnership with Singer (Sri Lanka) PLC ensures our customers benefit further as the pricing of all appliances are earmarked and will not change over time. Any changes in ensuing currency rates will also not affect the price range of appliances enabling our deposit holders to enjoy increased dividends.”

People’s Leasing was commissioned in 1995 as a wholly-owned subsidiary of the second largest State bank in Sri Lanka, the People’s Bank. 

Fitch Rating Lanka has assigned PLC a credit rating of AA- (lka) which makes PLC the highest rated finance company in the country. PLC is the only Sri Lankan finance company to have two international ratings of which one is equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other is one notch below the Sovereign from Fitch Rating International (‘B’).  

PLC’s financial service product portfolio includes; leasing, fixed deposits, saving accounts, personal and business loans, margin trading, factoring and Islamic financial services. 

People’s Leasing conglomerate consists of six subsidiaries namely, People’s Insurance PLC, People’s Microfinance Ltd., People’s Leasing Property Development Ltd., People’s Leasing Fleet Management Ltd., People’s Leasing Havelock Properties Ltd. and its latest foreign venture Lankan Alliance Finance Ltd.

The uniqueness of People’s Leasing is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain convenient and customer friendly services.