MBSL Double Wheel Leasing: 1-day leasing for motorcycles and scooters

Tuesday, 7 November 2017 00:00 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka & Finance PLC has introduced a one-day leasing facility for unregistered motorcycles and scooters from reputed brand names. Branded as ‘MBSL Double Wheel Leasing’, this latest facility addresses men and women employed in the private and state sector, SME businesses and self employed persons who desire to purchase motorcycles and scooters.

Through this new product, Merchant Bank of Sri Lanka & Finance PLC hopes to improve mobility and the productivity of the economy to support overall national GDP growth. The new MBSL Double Wheel leasing facility is also expected to contribute directly towards improving quality of life across the country through the provision of affordable transportation.

The MBSL Double Wheel Leasing facility provides leasing assistance for unregistered motorcycles from established brands such as Honda, Bajaj Yamaha, TVS, Suzuki and Hero. The unique features of the scheme are the fast and friendly one-day service, minimum documentation, lowest lease rental payments, competitive interest rates and up to five year repayment capacity. Up to 70% of the market value of a motorcycle can be obtained through the lease.

The facility can be accessed at all 48 MBSL branches and service centres island-wide. Further information regarding the MBSL branch network and service centres can be found on the MBSL website www.mbslbank.com.

Established in 1982, MBSL was listed on the Colombo Stock Exchange in 1991 as a public quoted company. Currently it is a successful pioneer in the country’s investment and merchant banking sector offering a range of products and services including leasing and hire purchase facilities, financial services for SMEs and traders, project financing, corporate advisory and capital market services, fixed deposits, savings and children’s savings. The country’s largest state bank, the Bank of Ceylon is the largest shareholder of MBSL, holding 74% of total shares.