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Seylan Bank launches ‘Smart Lease’

Sep 13, 2011 3:21:27 PM - www.ft.lk

Seylan Bank has further expanded its portfolio of products recently with the introduction of ‘Seylan Smart Lease’ for the benefit of its customers.

‘Seylan Smart Lease’ is a smart product with the benefit of a totally flexible option of paying rentals. It gives one the option of paying an amount, more than the standard rental during ‘good’ months when one enjoys a higher income (bonuses, seasonal business and income etc). In effect with the increase of payment in the higher income months, the remainder of the balance rentals comes down accordingly, for the rest of the repayment period. This effectively means that one has to pay a lesser rental for the balance period of the lease within the relevant year. 
‘Seylan Smart Lease’ targets individuals (professionals, executives), SMEs (sole proprietors, partnerships etc), corporates and others who wish to avail themselves of this convenient form of leasing and thus make their lives easier. And as an industry first Seylan Bank will be launching an all new “Instant Lease” campaign at 35 locations across the country at some of its key branches.
This will be a unique opportunity where customers can walk-in to these selected Seylan Bank Branches on pre-determined dates with the relevant documentation and get instant approval provided the stipulated requirements are in order.  Seylan Smart Lease can be used to obtain motor cars, vans, trucks, dual purpose vehicles, motor bikes, machinery etc. The professional and courteous service of the Seylan Bank staff manning its 131 island-wide branch network brings the convenience of hassle free leasing in 24 hrs, with flexible and personalised tailor made rentals to suit one’s individual budget.
General Manager/CEO at the Seylan Bank, Kapila Ariyaratne said, “Being the bank with the heart that is always in tune with the needs and aspirations of our customers, we are on a constant journey of value addition and innovation. This new package is a testament to our commitment to this cause and combines the relief of our new flexible payback option with the hassle free service we always offer with our leasing packages.”

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