Sri Lanka’s most customer-friendly bank HNB PLC introduced a special leasing scheme for professionals with minimal conditions, attractive benefits and low interest rates with the aim of increasing the standard of living of this niche customer base.
Customers who fall under the professional category of doctors, accountant, architect, financial analyst, lecturers, lawyers, hospitality, human resources, marketing, pilot, navigation officers, researchers, senior academics and C-Suite executives of A-Grade companies can make use of the new product.
“Professionals have needs, but with their time-consuming jobs, it becomes impossible to go through the tedious process of obtaining a lease. This scheme enables them to buy their dream vehicle by making the process easier,” HNB Senior Manager- Leasing, Niluka Amarasinghe said.
“When compared to other countries, the market price for automobiles is higher in Sri Lanka. Therefore even though there are professionals who are fit to purchase a vehicle, they are unable to do so. However, this special scheme combined with their existing remuneration packages will help them opt for the right vehicle and increase their quality of living,” he also said.
The scheme offers customers a residual payment equivalent to 25% of the market value of the lease, the highest residual amount paid by a bank at the moment, providing customers with the opportunity to purchase vehicles at a lower monthly rental.
HNB will offer a special discounted interest rate from the prevailing published rate. Customers will also receive a Prestige Prime credit card, with the first year fee waived off, offering customers access to exclusive discounts on automobile products, servicing, spare parts, tyres, batteries, and other accessories.
Notably, the leasing facility does not require guarantors or an affidavit declaring their asset. Professionals eligible for the facility are provided with a special discounted interest rate than the prevailing published rate, in addition to customized leasing facilities, tailor-made to suit each customer’s budget and income.
With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks having won local and global recognition for its efforts to drive forward a new paradigm in digital banking.
Over the recent past, the bank was ranked among the World Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine. HNB has a national rating of AA- (lka) by Fitch Ratings (Lanka) Ltd.
HNB was also declared Best Sub-Custodian Bank in Sri Lanka at the Global Finance Awards 2020. The bank further won the Award for the Best Retail Bank in Sri Lanka for the 11th time at the Asian Banker Awards 2020, in recognition of its sustainable growth and continuous improvements in processes, products and services amidst a challenging macroeconomic environment.