NDB promotes affordable financing for registered, unregistered vehicles

Tuesday, 20 January 2015 00:57 - - {{hitsCtrl.values.hits}}

NDB pioneered the initiative to abolish barriers for Leasing in 2011, making NDB Leasing the most affordable and convenient finance option in the industry. Today, NDB Leasing facilities are being offered to finance brand new, unregistered and second-hand vehicles, enabling customers of all walks of life to realise their vehicle dreams. Commenting on the proposition, NDB Assistant Vice President of Leasing Ajith Senadheera said: “NDB has transformed the country’s vehicle financing platform by extending a unique leasing facility with no guarantors and down payments that enable the financing of brand new, unregistered and second-hand vehicles. This financing proposition grants a distinctive opportunity for growing enterprises and aspiring individuals to drive away with their own vehicle with ease. At NDB, we continuously endeavour to financially empower individuals and enhance their lifestyles. Hence, we have made the processing of the Leasing facilities simpler and speedier, so that a customer could walk away with his dream car within just one day.”

The unique auto financing facility enables customers to enjoy customised repayment terms that match their individual repayment capacity while giving access to discounted insurance premiums. Further, NDB Leasing facilitates a prior credit assessment for prospective clients to determine the maximum finance value that can be obtained, which aids customers to make well-informed decisions on the vehicle they would be able to purchase. The lease facility is processed with minimal documentation and promises the convenience of a quick financing option which will enable customers to drive away in the vehicle of their choice within just one day. NDB Leasing is extended to a wide range of clients including employed individuals, entrepreneurs, small and medium proprietors as well as large business entities. NDB Leasing specially endeavours to enhance and develop the SMEsector of the country, by facilitating the purchase of a range of commercial vehicles such as lorries, freezer lorries, buses, vans and the like. These facilities are offered at preferential interest rates with a view to empower SME growth while easing off the credit burdens. The facility is made available via bank’s island-wide networkof 82 branches and through strategic partnerships with renowned vehicle dealers. Further enhancing accessibility for its Leasing services, NDB has also opened a 365 day Leasing desk at its Rajagiriya Branch. This facility enables customers to obtain a leasing facility or make inquiries at their own convenience, even on Sundays and on Public holidays adding further convenience; in a bid to support industry growth in these regions. NDB has made it a priority to enhance its customers’ lifestyles by being innovative and customer friendly. In keeping with this vision, NDB Leasing has evolved with the changing needs of consumers and has pioneered many firsts in the industry. By doing so, it has been able to help customers to realise their dreams of owning a vehicle of their own within just one day. The dynamic, experienced team at NDB Leasing is committed to delivering a superior service to enable customers to obtain the facility within the shortest possible time. NDB is one of the fastest growing banks in the country with NDB Group having regional operations in Maldives. The bank offers a wide range of commercial banking services through its growing island-wide branch network, catering to an increasing customer base from all walks of life. Through the combined synergies of the diverse constituents of the NDB Group, its customers have access to a full range of banking and financial services; including project finance, corporate banking, SME lending, retail banking, investment banking, stock brokering, wealth management and insurance solutions making NDB a truly ‘Universal Bank’.