Pan Asia Bank recently entered into a one-year memorandum of understanding with Ideal Motors (Pvt.) Ltd, creating a new financing avenue for the customers purchasing vehicles from the authorised Mahindra dealer.
The strategic partnership will enable the customers of Ideal Motors to access leasing facilities from Pan Asia Bank, making vehicle financing more convenient while supporting their mobility and business requirements.
The agreement also provides an opportunity for the bank to expand its leasing portfolio and strengthen its presence in Sri Lanka’s vehicle financing market.
Ideal Motors is the authorised dealer for the Mahindra vehicle range in Sri Lanka, including the Mahindra Bolero CPU truck and Scorpio jeep/pickup. The vehicles cater to a range of requirements, from commercial and business applications to personal mobility, making accessible financing an important part of the purchasing decision.
The bank’s vehicle leasing facilities are designed to simplify the financing process, with convenient repayment options and professional support to help the customers select a solution suited to their requirements. For the customers, the arrangement brings vehicle selection and financing closer together, reducing the need to navigate the two processes separately.
“Our partnership with Ideal Motors enables us to bring financing closer to the customers at the point of vehicle purchase. We remain focused on providing convenient and flexible leasing solutions that support both personal mobility and the needs of businesses,” said Pan Asia Bank Director and CEO Naleen Edirisinghe.
Pan Asia Bank and Ideal Motors will work closely during the one-year partnership to maximise business opportunities and deliver a seamless financing experience to customers.
Pan Asia Bank Head of Retail Credit Yohan Ebell said, “Through this partnership, we aim to make vehicle financing simpler and more accessible, with leasing solutions designed to meet the varied requirements of Ideal Motors’ customers.”
