Seylan Bank partners with Ideal Motors to offer convenient leasing services

Friday, 13 October 2017 00:00 - - {{hitsCtrl.values.hits}}

Seylan Bank partnered with Ideal Motors, the sole authorised importer and distributor of Mahindra vehicles, to offer customers tailor-made leasing solutions to purchase Mahindra’s renowned Bolero trucks and other types of tipper trucks.

With the tie-up, eligible customers can now avail up to 90% lease on purchasing Mahindra’s bolero trucks under the commercial category, thus fulfil their transportation needs without compromising investment plans. Furthermore, Mahindra’s Bolero trucks purchased through Seylan Leasing will enable customers to enjoy special interest rates, free vehicle registration, vehicle warranty up to one year or 50, 000 km, free vehicles services up to three times and become the recipients of Seylan Credit Cards.

Commenting on the partnership, Seylan Bank Plc Deputy General Manger Consumer Finance Delvin Pereira said, “We are privileged to partner the largest distributor of Mahindra brand in Sri Lanka. With this partnership, we have not only been able to offer convenient leasing solutions but also enable small and medium enterprise businessmen with the best product in the market to expand their business services with confidence. Understanding the variations of different income levels, we have customised the repayment plan, thus taking away the added burden on heavy rental payments and providing sufficient time to focus on their business activities.”

In addition, Seylan bank also provides different lease structures that can be customised to meet the cash flows of the borrower. With customised lease solutions, customers can now pay a higher rental or bulk payment during the months with higher income to reduce the normal monthly rentals.

Commenting on the initiative Ideal Motors Chairman Nalin J. Welgama said, “We consider the tie-up with Seylan Bank, a great partnership which allows us to better position our flagship brand to a wider audience in a convenient manner. With rapid business expansions taking place, we have the privilege to offer customers the best product in the market, thus help their businesses in years to come.”

Mahindra’s Bolero is known for its reliability and agility in any terrain condition. The truck is becoming fast popular among small and medium businessmen and has a strong track record in freight transportation in Sri Lanka.