Merchant Credit launches 'Minus Interest'

Merchant Credit of Sri Lanka Ltd (MCSL), has introduced a Leasing Package named 'Minus Interest'.

The head table at the launch of ‘Minus Interest’ ( from left) Marketing Manager Nilantha Jayanetti, Credit Head Leonard Perera, CEO Hafeez Radujin, Senior Legal AGM Claude Alvis and Finance Head Vishva Wickramarachchi.

The unique feature of this five year leasing package is that zero percent interest will be charged on the fifth year. In other words, clients do not pay a single cent as interest during this period. This is because, the final year interest is deducted from total interest receivable of the five year leasing period. This package does not include any hidden charges, said Marketing Manager Nilantha Jayanetti launching this product.

Prospective clients are eligible to obtain leasing facilities under this scheme for cars, vans, jeeps and dual purpose vehicles of their choice. Further, comprehensive vehicle insurance cover is also offered at discounted premiums for clients to insure their vehicles. Friendly and courteous staff, who have been trained to understand customer needs, are committed to offer the fastest service delivery to delight both customer and suppliers.

The new leasing product will be available through MCSL's islandwide branch network encompassing Colombo, Kandy, Kurunegala, Horana, Matara, Kiribathgoda, Wennappuwa, Damdulla, Hambantota, Gampaha, Jaffna and Vavuniya.

Leading vehicle dealers and importers have already rallied around MCSL to sell their vehicles through the 'Minus Interest' leasing package where prospective customers have the unique advantage of 12 months interest-free rentals on the fifth year.

Merchant Credit counts 28 years of service excellence providing financial solutions to customer to uplift their lifestyles. By introducing new leasing products such as 'Minus Interest', MCSL expects to delight their customers, going beyond their expectations.

MCSL CEO Hafeez Rajudin said "With the introduction of innovative product offers of this nature, MCSL wishes to increase its dominance in the market. This offer has been enabled by competent employees and optimizing of information technology to achieve competitive advantages".