The Commercial Bank of Ceylon has entered into a strategic partnership with Micro Cars Limited to offer attractive leasing options for the complete range of vehicles assembled or produced locally by the latter.

Both companies will offer special benefits to leasing customers under this partnership, which will be in effect till 31st March 2026, the Bank said.

These benefits will apply to all the brands represented by Micro Cars in Sri Lanka – MG, Chery, Proton, KGM -SUVs and Higer luxury buses.

Micro Cars has undertaken to offer a Rs 50,000 discount on the price of Chery Tiggo4Pro SUVs, first-year full insurance cover and two years or 40,000Km service package free for Proton Saga cars, and free registration for the first 50 customers for Rexton Sports pick-ups under this promotion.

For the MG vehicle range, the company will offer a special introductory price for the first 300 MG ZS MCE customers, and special prices on MG ZS Hybrid+, MG HS PHEV, MG5 Sedan, MG S5 – EV and MG4 – EV vehicles.

Commercial Bank will offer customised payment plans with attractive and affordable lease rentals to existing as well as new customers to enable them to make use of the opportunity to buy a new vehicle through this joint promotion.

Commercial Bank offers one of the lowest rentals on vehicle leases, Rs 1,598.00 for every Rs 100,000 for a seven-year lease under the Bank’s Super Leasing facility.

Commercial Bank leasing customers have the option of tailor-made leasing facilities that suit individual income patterns, via the Bank’s Super Leasing and Hybrid Leasing facilities.

The Bank’s Super Leasing facility enables customers to purchase personal use vehicles at lower rentals with a residual as the last rental, while offering flexible repayment facilities and lower early settlement fees. The Hybrid Leasing facility also provides customers an opportunity to purchase high-end personal used vehicles at lower rentals, by paying interest only for the first year, a standard rental for the rest of the lease period, and the residual as the last rental. 

Commercial Bank is the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and has the highest market capitalization in the Banking Sector in the Colombo Stock Exchange (CSE). The Bank is the largest lender to Sri Lanka’s SME sector, is a leader in digital innovation and is Sri Lanka’s first 100% carbon neutral bank. Commercial Bank operates a strategically located network of branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 outlets in Bangladesh, a Microfinance company in Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives. The Bank’s fully-owned subsidiary CBC Finance Ltd. also delivers a wide range of financial services via its own branch network.

Photo caption: 

Commercial Bank’s Assistant General Manager - Personal Banking IV/RPD, Mr Kapila Liyanage exchanges the MOU with Micro Cars Limited  Group Director Mr Asela Lihinikaduwa in the presence of the company’s Head of Sales  Mr Jacob Nishanthan Raj, Finance Manager Mr Thilina Weerasinghe, and Regional Managers Mr K. Kugan and Mr Asanka Herath and Commercial Bank Chief Manager – Retail Products Department Mr Dushmantha Jayasuriya, Product Manager – Leasing & Personal loans Mrs Chinthika Warnakulasuriya and Executive Officer – Retail Products Department Mrs Chandri Premaratne.