Thursday Nov 13, 2025
Thursday Nov 13, 2025
Wednesday, 12 November 2025 02:08 - - {{hitsCtrl.values.hits}}
Ideal Motors General Manager Kasun Fernando (fourth from left) and Sampath Bank Chief Operating Officer Deepal De Silva (fifth from right) exchange the MoU in the presence of officials from both organisations
Sampath Bank PLC recently signed a Memorandum of Understanding (MOU) with Ideal Motors Ltd., an authorised distributor of Mahindra vehicles in Sri Lanka. The partnership aims to offer customers enhanced vehicle financing solutions and exclusive benefits that make vehicle ownership more affordable and convenient.
Through this collaboration, Sampath Bank will extend a range of financial privileges to customers purchasing Mahindra vehicles from Ideal Motors. These include a 0.5% per annum reduction in the published leasing interest rates, loans to cover vehicle insurance premiums with no interest if settled within two months, and Sampath Credit Cards with no joining fee, enabling customers to pay their insurance premiums at 0% interest for up to 12 months.
Sampath Bank Chief Operating Officer Deepal De Silva said, “This partnership represents our commitment to delivering practical financial solutions that support our customers’ lifestyle aspirations. The collaboration with Ideal Motors enables us to offer more accessible financing and flexible repayment options, empowering individuals and businesses to make confident vehicle ownership decisions. It also reflects our broader vision of being a trusted financial partner that continuously anticipates and responds to customer needs.”
Ideal Motors Ltd., Director – Legal and Corporate Affairs Nimisha Welgama said, “We are pleased to collaborate with Sampath Bank to offer customers a selection of Mahindra vehicles complemented by attractive financing options, enhancing both value and the overall ownership experience.”
The MoU between Sampath Bank and Ideal Motors brings together two trusted Sri Lankan entities, both deeply committed to delivering value-driven, customer-focused solutions that contribute to the country’s economic progress.
