ComBank and DIMO launch leasing promo for commercial vehicles & agri machinery

The Commercial Bank of Ceylon and DIMO have come together once again to offer attractive discounts and other benefits to customers who obtain leasing facilities for the purchase of commercial vehicles and agri machinery from DIMO, the bank said in a news release.

The promotion covers the popular TATA Ace HT2, widely known locally as ‘DIMO Batta’ in the commercial vehicle segment; and tractors from the Mahindra and Swaraj brands and LOVOL combine harvesters in the agriculture machinery segment.

“The special offers on TATA Ace HT2, valid till June 30, 2024, will provide an exclusive discount of Rs 15,000 apart from the general discount of Rs 600,000 and free RMV registration from DIMO, with a 1% reduction on the standard interest rate on the leasing facilities from Commercial Bank,” the release said.

“Under this special leasing facility DIMO will offer a four-year comprehensive warranty, a free farmer kit and free oil filters for two years on Mahindra and Swaraj tractors and a one-year comprehensive warranty on LOVOL harvesters leased during December 1, 2023 to November 30, 2024. Covering the commercial vehicle segment and Agri machinery, Commercial Bank will offer an interest rate that is 0.5% lower than the standard rate for leases under this partnership.”

Additionally, Commercial Bank’s popular ‘Kanna Varika’ (Seasonal Payments) option where the leasing

packages correspond to the farmers’ income patterns, with rentals serviced only during harvesting periods, will be applicable for the leases of tractors and harvesters, it added.

The Bank said this promotion is intended to enable the farming community in the country to access the latest technology and equipment, thereby contributing to national economic development via improved efficiency and higher outputs.

DIMO is a leading diversified conglomerate in Sri Lanka which has since its inception over eight decades ago is driven by perfect partnerships, having diversified into wide spectrums of sectors including Agriculture; Building Services; Construction; Digital; Education; Healthcare; Home & Garden; Industrial; Mobility; Power, Energy & Water.

A leading leasing solutions provider in Sri Lanka, Commercial Bank is the largest private sector bank and the first 100% carbon neutral bank in the country, and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World. The Bank operates a network of 271 branches and 964 automated machines in Sri Lanka, is the largest lender to Sri Lanka’s SME sector, and is a leader in digital innovation in the country’s Banking sector.

Commercial Bank has the widest international footprint among Sri Lankan Banks, with 20 outlets in Bangladesh, a Microfinance company in Nay Pyi Taw, Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives.