Thursday, 5 June 2014 00:01
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THE Commercial Bank of Ceylon has announced a reduction of interest rates on leasing and said it now offers the lowest rentals in the leasing market.
Customers have the opportunity to apply for leasing facilities for brand new/unregistered vehicles and hire purchase facilities for registered vehicles. The bank also offers leasing facilities for purchase of machinery.
The rental for unregistered vehicles now stands at Rs. 2,202 for every Rs. 100,000 on a five-year lease facility. For registered vehicles the Bank offers hire purchase facilities with a rental of Rs. 2,350 for Rs. 100,000, also in a five-year facility.
“Companies as well as individuals seeking the purchase of multiple vehicles in particular will greatly benefit from this rate reduction,” said Selva Rajasooriyar, Commercial Bank’s Assistant General Manager – Personal Banking III.
The bank also offers personal loan facilities for the purchase of registered or unregistered vehicles.
These leasing and loan facilities are applicable to duty free permit holders who purchase new vehicles as well, the bank said. Commercial Bank currently has special arrangements with Ideal Motors for leasing Mahindra branded vehicles, and with AMW for Suzuki, Nissan Patrol and Nissan X-Trail vehicles under which the vehicle agents offer discounted prices and special benefits.
