The Commercial Bank of Ceylon has announced a collaboration with Prime EV Automobiles (Pvt) Ltd., a subsidiary of the Senok Group, to offer exclusive leasing options to buyers of the new electric vehicle range represented by the company in Sri Lanka.
The Bank said these special leasing offers and benefits will be available till the end of 2025, and cover vehicle models such as E07 Deepal, S05 Deepal, L07 Deepal, S07 Deepal, K 50 pick-up and Lumin Changan manufactured by Changan Automobile in China.
Among the special benefits available to leasing customers during the promotion period are financing up to 90% of the vehicle value; customised repayment plans tailored to suit customer cash flows; easy payment plans for insurance premiums; speedy approvals via the Bank’s island-wide branch network and special insurance premium rates, offered in collaboration with insurance partners.
Besides these benefits, Commercial Bank has agreed to consider all leases granted under this promotion as Green Leases, making them eligible for the benefits offered in that category.
Commercial Bank offers one of the lowest rentals on vehicle leases, Rs 1,568.00 for every Rs 100,000 for a seven-year lease under the Bank’s Super Leasing facility.
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.
In partnership with Changan Automobile, one of the world’s leading automotive manufacturers, Prime EV Automobiles offers a portfolio of innovative, eco-friendly electric vehicles designed to meet the demands of modern mobility. With a strong focus on sustainability and technological advancement, Prime EV supports Sri Lanka’s transition to clean transportation while contributing to local economic development through job creation and industry innovation.
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 Deputy General Manager – Personal Banking Mr S. Ganeshan and the Chief Executive Officer of Prime EV Automobiles Mr Teranka Careem exchange the MoU in the presence of representatives of the two companies.
