NDB Bank partners Ideal Motors to drive affordable leasing solutions

Tuesday, 23 September 2025 00:07 - - {{hitsCtrl.values.hits}}

NDB Bank recently entered into a strategic partnership with Ideal Motors Ltd., the official distributor for Mahindra vehicles in Sri Lanka, through the signing of a Memorandum of Understanding.

This collaboration marks a significant step in providing affordable and accessible financing solutions for both individual customers and SMEs.

Through this partnership, customers will now have the opportunity to lease Mahindra’s new passenger vehicle range, including the Mahindra XUV 3XO XUV —available in MX3, AX5, and AX7 L variants and with unmatched convenience. NDB offers tailor-made leasing solutions with minimal paperwork, no guarantor requirements, and flexible repayment plans, ensuring a seamless experience. With approvals within a day, dedicated leasing officers, and access through NDB’s island-wide network of 113 branches and 12 specialised Leasing Centres, customers can confidently take home vehicles with affordable monthly instalments.

In addition to passenger vehicles, the partnership extends to Ideal Motors’ trusted Mahindra Bolero City Pickup range, Scorpio Double Cab and Scorpio Single Cab with financing solutions specially designed to support SMEs and entrepreneurs. Notably, this collaboration introduces Sri Lanka’s first-ever bank-financed leasing option for Mahindra Alfa Plus load carriers, a move aimed at empowering micro and small businesses with reliable transportation at accessible terms. Structured leasing solutions and Ijarah financing further enhance the offerings, ensuring businesses of all sizes have access to the vehicles they need to grow and succeed.

NDB Assistant Vice President – Leasing Dilum Amarasinghe said, “Access to reliable mobility is a critical enabler of business growth. Through this collaboration with Ideal Motors, we are proud to extend financing options that will support both individuals and SMEs in achieving their ambitions. By combining Ideal’s robust vehicle portfolio with NDB’s customised leasing facilities, we are opening doors to new opportunities across the country.”

Ideal Motors Director Nimisha Welgama added, “This partnership with NDB Bank makes owning a Mahindra more accessible than ever. With our trusted after-sales network and NDB’s flexible leasing, we are empowering Sri Lankans with reliable mobility and lasting value.”