People’s Leasing Partners with DIMO to Offer Leasing Solutions for TATA Commercial Vehicle Range
People’s Leasing & Finance PLC, one of Sri Lanka’s leading non-bank financial institutions, has signed a Memorandum of Understanding (MOU) with DIMO to provide flexible and accessible leasing solutions for the TATA commercial vehicle range. This strategic partnership aims to enhance accessibility to high-quality commercial vehicles for local businesses, contributing to the growth and development of the Sri Lankan economy.
Through this collaboration, businesses in Sri Lanka can now access affordable leasing options for TATA’s renowned commercial vehicle range, which includes light trucks, buses, and other utility vehicles. The initiative seeks to address the growing demand for reliable and economically viable transportation solutions, particularly within the logistics, construction, and transportation industries.
Customers can select either Fixed or Floating interest rates based on their preference, while lease terms can be extended up to seven years. The scheme also includes the option to spread insurance premium payments over 12 months, access an island-wide branch network for convenient transactions, and enjoy additional benefits via the PLC Touch app and PLC Debit Card. Customers who finance their purchases under this programme will also receive exclusive rates on People’s Insurance motor insurance packages, featuring added conveniences such as the Call & Go facility, as well as a co-branded credit card from People’s Bank with the first-year fee waived. Furthermore, customers can pay all the rental payments through People’s Bank CDMA machines under this scheme.
Commenting on the initiative, Mr. Sanjeewa Bandaranayake – General Manager/Chief Executive Officer of People’s Leasing & Finance PLC mentioned, this partnership underscores People’s Leasing’s continued commitment to providing innovative financial solutions that foster business growth and contribute to the country’s economic development.
“By making essential commercial vehicles more accessible, People’s Leasing aims to support local entrepreneurs, SMEs, and large enterprises in driving Sri Lanka’s economy forward” he further added.
“Mobility is a crucial factor in any country’s economic growth. As a company that thrives in fueling the dreams and aspirations of the communities it serves, DIMO firmly believes in forging meaningful partnerships such as the one with PLC, which enables us to offer and provide convenient financial solutions for our customers within the mobility industry. With the market opening, the entire range of TATA vehicles will be available again for customers, further strengthening our ability to meet their diverse mobility needs. It is indeed an honor to partner with PLC in this endeavor to support the advancement of Sri Lanka’s economic development.” said Executive Director of DIMO Mr. Rajeev Pandithage.
People’s Leasing & Finance PLC, a subsidiary of People’s Bank, is Sri Lanka’s leading non-bank financial institution providing comprehensive leasing solutions, loans, and other financial services to individuals and businesses. With a strong commitment to excellence and customer satisfaction, People’s Leasing has played a pivotal role in transforming the Sri Lankan leasing industry.
