Sri Lanka’s leading non-bank finance company People’s Leasing & Finance PLC (PLC) exclusively tied up with Lanka Ashok Leyland PLC (LAL) for promoting Eagle A/C Mini Buses. Lanka Ashok Leyland PLC also assembles/imports and sells all types of AC/NON AC buses, Tippers, Trucks and Light Commercial vehicles.
Under the leasing partnership LAL will offer customers free registration and revenue licensing, three free full-services (including oil and filter change) and a warranty for an unlimited driving time of 18 months.
In return PLC offers LAL customers a lease period for 5 years according to customer’s repayment capacity and a free full tank of fuel at the time of releasing the vehicle to the customers. Promotions will be on till March 31, 2018.
People’s Leasing Company was commissioned in 1995 as a wholly owned subsidiary of the biggest state bank in Sri Lanka, the People’s Bank. PLC is currently the market leader in the non-bank finance sector in Sri Lanka.
Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka) which makes PLC the highest rated finance company in the country. PLC is the only Sri Lankan finance company to have two international ratings of which one is equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other is one notch below the Sovereign from Fitch Rating International (‘B’).
PLC’s financial service product portfolio includes; leasing, fixed deposits, saving accounts, personal and business loans, margin trading, factoring and Islamic financial services.
People’s Leasing conglomerate consists of five subsidiaries namely, People’s Insurance PLC, People’s Microfinance Ltd, People’s Leasing Property Development Ltd, People’s Leasing Fleet Management Ltd and People’s Leasing Havelock Properties Ltd.
The uniqueness of PLC is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain customer friendly services.