Amana Bank ties up with DIMO
Amana Bank recently tied up with one of Sri Lanka’s pioneers in the
automobile industry, Diesel and Motor Engineering PLC (DIMO), to provide
special leasing finance for all TATA range of commercial vehicles,
including the popular DIMO Batta and Batti vehicles. This strategic
alliance offers any individual or business entity interested in TATA
commercial vehicles a special monthly Leasing rental of Rs. 2554/-
(inclusive of VAT) for 5 years on a lease finance of Rs. 100,000/-.
Speaking on this tie up Amana Bank’s Vice President, Consumer Banking
and Strategic Marketing, Siddeeque Akbar said “Amana Bank is happy to
enter in to this partnership with DIMO, a company renowned for its
excellence in the automobile industry for the last seven decades.
We see a growing need in the market for commercial purpose vehicles
and Amana Bank is eager to support this requirement by providing
attractive leasing finance”.
Commenting on this strategic synergy, DIMO PLC’s General Manager ,
TATA Commercial Vehicles Sales, Vijiha Bandara said “It has been a great
pleasure to join hands with a financing partner such as Amana Bank which
works on a unique financial model.
Diesel and Motor Engineering PLC is the sole agent and distributor
for TATA vehicles in Sri Lanka and we are in the process of enhancing
the Sri Lankan transportation and logistics sector while providing
self-employment opportunities for enthusiastic youth in the country. ”
Amana Bank’s unique concept of leasing operates according to Ijara
principles where the Bank will buy the vehicle the customer requires and
rent it back to the customer so that he/she could enjoy using the
vehicle. At the end of the agreed rental period the Bank will gift the
vehicle to the customer so that the customer can enjoy the full
ownership of it. Apart from this Amana Bank customers will get
discounted prices, up to five year financing and if required monthly
insurance payment options.
TATA vehicles offer a range of best in class products including Small
Commercial Vehicles, Vans, Trucks and Buses. Trucks are available with
loading capacity ranging from 600 kg mini trucks to 40 ton high power
container carriers and with body length ranging from 5 ˝ feet to 23
feet.
Passenger carriers are available from 16 to 57 seaters to suit
different applications and user requirements. TATA vehicles are
supported by the DIMO warranty, on island wide DIMO sales network,
superior service, genuine spare parts and 24 hour road side assistance. |