Friday Oct 03, 2025
Friday Oct 03, 2025
Wednesday, 26 March 2025 00:12 - - {{hitsCtrl.values.hits}}
As new vehicles begin arriving in the country after a lapse of several years, the Commercial Bank of Ceylon has announced it will support the aspirations of vehicle buyers with an attractive leasing package for a limited duration.
The bank said it would offer special interest rates, customised payment plans, discounts on first-year insurance premiums, a waiver of 50% on commission fees with a minimum charge of Rs. 10,000 on Letters of Credit opened, and a free credit card with joining fee and the first year’s annual fee waived off, for leasing facilities obtained before 31 May.
Quick and hassle-free approval of leasing facilities and special discounts on vehicle spare parts would also be part of the package for these customers, the bank said. These special benefits would apply to leases of unregistered vehicles.
Commercial Bank offers one of the lowest rentals on vehicle leases, Rs. 1,598 for every Rs. 100,000 for a seven-year lease.
Commercial Bank leasing customers have the option of tailor-made leasing options that suit individual income patterns, via the bank’s Super Leasing and Hybrid Leasing facilities.
The bank’s Super Leasing facility enables customers to purchase personal use vehicles at lower rentals with a residual as the last rental, while offering flexible repayment facilities and lower early settlement fees. The Hybrid Leasing facility also provides customers an opportunity to purchase high-end personal used vehicles at lower rentals, by paying interest only for the first year, a standard rental for the rest of the lease period, and the residual as the last rental.
