LB Finance and DIMO sign Memorandum of Understanding
A Memorandum of Understanding (MOU) was signed between LB Finance PLC
and DIMO (Diesel & Motor Engineering PLC) on May 2, 2013, in order to
bring advantageous results to the micro finance market of Sri Lanka.
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Ravindra Yatawara, General Manager of LB Finance PLC and Gihan
Fernando, National Sales Manager of Diesel & Motor Engineering
PLC, with the participation of LB Finance and DIMO management
who officially acknowledged the MoU. |
According to the MOU, they would introduce a large range of financial
benefits to their customers who select LB Finance for the leasing of
specified DIMO products under this scheme.
The aforesaid customer benefits include competitive down payment
schemes, free insurance, free registration services and gift vouchers.
This alliance between LB Finance and DIMO, mainly offers the above
benefits for highly demanded three DIMO products such as TATA Lokka (Non
A/C) for an initial down payment of Rs.140,000/- with free insurance and
free registration, TATA Lokka Super ACE (A/C), for an initial down
payment of Rs.160,000/- with free insurance and free registration and
TATA Batti for an initial down payment of Rs. 55,000/- with free
insurance, free registration along with a valuable gift voucher. LB
Finance PLC, is a financial giant in Sri Lanka with an impressively
developed history of more than 41 years, which currently operates an
islandwide branch net work of 89 branches to make financing an easy task
for their customers.
DIMO is a leading provider of international standard quality vehicles
to the Sri Lankan market, which had won the trust in highly demanded SME
sector business vehicle market in Sri Lanka.
The partnership is further enriched with the insurance partnership
from Asian Alliance PLC, a leading insurance provider in Sri Lanka.
This relationship opens the door for financial wealth creation,
financing convenience and confidence for SME sector of Sri Lanka. |
