HNB and Lanka Ashok Leyland renew partnership

 From left: HNB Asst. Manager – Business Development Mahesh Rathnayake, Asst. Manager – Leasing Roshan De Silva, Head of Leasing Susith Perera, Asst. General Manager – Personal Financial Services Kanchana Karunagama, DGM – Retail and SME Banking Sanjay Wijemanne, Lanka Ashok Leyland  CEO Umesh Gautam, General Manager – Marketing A. Paraneetharan, Asst. Manager R.V. Anton, Asst. General Manager – Marketing Lasantha Ranasinghe, Asst. General Manager – Marketing Rehasa Hameed, and Senior Executive Dilantha Manamperi

• To support SME sector and provide self-employment through offering exclusive leasing for Dost trucks

HNB PLC, has renewed its partnership with the nation’s leading Heavy Commercial Vehicle supplier, Lanka Ashok Leyland PLC (LAL), to provide customers a range of exclusive benefits and special interest rates for Lanka Ashok Leyland commercial vehicles.

This partnership will also offer special leasing packages and additional benefits to customers purchasing Dost trucks.

“We are thrilled to announce the renewal of our long-standing partnership with Lanka Ashok Leyland. Given that the last two years have been challenging it is crucial that we revive small businesses across the island that have become the backbone of the economy. As such, we worked towards reviving our partnership with one of Sri Lanka’s leading commercial vehicle supplier. We hope our customers will make use of this exclusive opportunity to invest in vehicles that help them expand their businesses,” HNB Assistant General Manager – Personal Financial Services Kanchana Karunagama said.

The bank will offer customers competitive interest rates for three, four- and five-year lease periods, in addition to an exclusive interest rate for facilities with a 25% residual rate for up to five years. Customers also have access to attractive discounts for vehicle insurance premiums from HNB General Insurance together with a free accidental life insurance cover worth Rs. 4.5 million and a natural death cover of Rs. 600,000.

As a further bonus, customers who purchase Lanka Ashok Leyland vehicles will receive a value-added “Prestige Prime” credit card, offering access to special discounts on automobile products, servicing, spare parts, tyres, batteries. HNB will waive off the first-year annual fee.

Lanka Ashok Leyland CEO Umesh Gautam said: “The impact of COVID-19, coupled with the ongoing economic crisis, have significantly affected the transport industry. Unavoidably, several people in the sector have incurred varying levels of financial losses – we hope to be an example for the corporate sector in stepping forward and doing the utmost for our customers and the public at this difficult juncture.”

“To this effect, we are thrilled to announce the renewal of our partnership with one of Sri Lanka’s most esteemed banks, which reaffirms our unwavering commitment to our shared customer base. We believe that our latest initiative in particular, offering Dost trucks at a special price with flexible payment/leasing options, will bring significant benefits to our customers. Through this program, we aim to create self-employment opportunities for aspiring youths, and support the revival of transport operations in the SME sector as well,” Gautam added.

Lanka Ashok Leyland will offer exclusive benefits for their range of ‘Dost’ trucks include free vehicle registration, 18-month warranty period, and three free after-sales services (including labour and materials).