Peoples Leasing to accept installment facilities

Ramani Kangaraarachchi

A leading finance company Peoples Leasing and Finance will accept installments of lease facilities, loan facilities and hire purchase in the near future. Company CEO D.P. Kumarage said, launching the first ever Palmtop banking system at the company head office recently.

He said, by developing this system to collect the rentals of lease and hire purchase as well as installements of loan facilities, non performance ratio and the provision of the company can be reduced.

Accepting the insurance and vehicle insurance premium from the customers also will be done through this method, minimizing unnecessary delays. With the branch expansion, the company expects to get the all island coverage.

The company has obtained approval from the relevant regulatory bodies and will purchase all technological equipments from reputed suppliers as proactive measures. The company has mitigated the risk by insurance cover. Kumarage said this was done to meet with current market trends and to enjoy a better competitive advantage.

The company Chief Operating Officer U. Gamini Sarath, said customers prefers to save their time through virtual banking and therefore the company will be able to increase the savings of the country through developing, such as technological methods.

He hoped that this will result in building a better relationship. Increasing brand awareness and enhancing company image are other benefits.

The Palmtop device will be used to collect savings accounts and accept funds initially. The customers will be provided with deposit slips, receipts and necessary documents related to a particular transaction at the same time. Customers will receive SMS alerts regarding each and every transaction.