The Commercial Bank of Ceylon has declared September to November as the ‘leasing season’ and will help customers celebrate by offering extra special interest rates during these three months.
Designated ‘Leasing Vaaré’ – these three months will see a series of branch level activities and campaigns as well as joint promotions with reputed vendors. This is the second such seasonal leasing promotion conducted by the bank. The bank said a monthly rental of just Rs 2,034 per Rs 100,000 would be available on a five-year super lease, where the customer pays lower monthly rentals and makes a lump sum payment at the end of the lease.
On standard leasing, the Bank will offer a monthly rental of Rs 2,325 per Rs 100,000 on a five-year lease, also lower than prevailing rates in the market.
These special rates will be available on leases entered into before 30th November, the bank said.
Commercial Bank has already commenced a joint promotion with DIMO for the full range of Tata commercial vehicles sold by the latter in Sri Lanka.
The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for seven years consecutively, Commercial Bank operates a network of 256 branches and 695 ATMs in Sri Lanka. Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets, Myanmar, where it has a Representative Office in Yangon, the Maldives, where the Bank opened a fully-fledged Tier I bank with a stake of 55 percent in September 2016 and Italy, where the Bank launched its own money transfer service in November 2016.