Nations Trust Bank launches Leasing Plus, a lease with an OD

Thursday, 20 February 2014 00:00 - - {{hitsCtrl.values.hits}}

Nations Leasing, the leasing arm of Nations Trust Bank PLC recently launched a very unique offer titled Leasing Plus to all its leasing customers. With Leasing Plus, every new lease, hire purchase facility and vehicle loan from Nations Trust Bank entitles the customer to a pre-approved overdraft, the value of which is linked to the face value of the leasing facility.

Priyantha Wijesekera, Head of Leasing of Nations Trust Bank PLC commenting on the launch of the promotion stated: “We are confident that this offer will be an instant hit with the customers. Through this new offer, we are broad-basing the scope of the typical lease to the customer, from just being a tool to finance a vehicle or a machine to one that is now an enabler to fulfill one’s needs and wants.” This is a first in the leasing industry where the lease customer is entitled to an additional line of credit in the form of an over draft. It is envisaged that through this offer the customer would be in a better position to meet any unexpected financial commitment that may arise. Leasing Plus is open to any type of leasing customer be it an individual or a business, Irrespective of the asset, value of the lease or its duration. Wijesekera added: “Nations Trust has been in the forefront of offering refreshingly innovative products in a market cumbered with a myriad of me-too products, and Leasing Plus is another offer which reaffirms that claim. We have looked at enhancing the customer experience, and one area that we focused on is setting in place a process so that the customer is not burdened with a plethora of paperwork to get this facility.” Nations Trust Bank PLC is one of the fastest growing banks in Sri Lanka today. Its market positioning of being the benchmark of customer convenience is ably supported by a host of financial products and services offered to a wide range of customers. The bank now operates 72 branches, an ATM network of 101 locations and is the Sole Acquirer and Issuer for American Express Cards in Sri Lanka.