Now Sri Lankans can Skip the tension of monthly lease payments!

Another industry-first from Pan Asia Bank, The Truly Sri Lankan Bank

As the Truly Sri Lankan Bank, Pan Asia Bank has stepped forward to support its customers through the pandemic period by rescheduling loans to suit their cash flow and by offering an array of other financial solutions to ease financial hardship. In keeping with this ethos to alleviate the financial burden for customers, Pan Asia Bank has launched a new leasing product, ‘SKIP LEASING’, which has been designed as a leasing product that is akin to a moratorium. The exciting new leasing solution allows customers to pay every other month, with the accumulated interest paid at the time of the last installment. This relaxed repayment schedule extends convenience and allays financial stress for customers from paying monthly installments.

Commenting on the new product, Assistant General Manager – Leasing & Consumer Loans, Shiyan Perera said, “There is a growing requirement being felt by customers for leasing providers to take a more empathetic view of the pandemic-induced financial challenges in the market and the impact on their incomes. ‘SKIP LEASING’ empowers customers to pay every other month – an aspect that is welcomed by customers as in the month they don’t have to pay the Bank, they can put the money to use for other essential needs for themselves and their loved ones. This product truly understands their current needs as the pandemic has put pressure on household incomes and ‘SKIP LEASING’ helps customer enjoy a good quality of life and offers financial flexibility. With this product, Pan Asia Bank is pleased to strengthen its status as the preferred leasing partner in the market. Our aim in launching new products is to offer financial security to customers and to guide them to get the best out of our financial solutions for their existing needs.”

The unique feature of SKIP LEASING product is that it allows customers to make payments every other month rather than making payments every month – with a 50% structured payment as the last installment. Anyone can apply for the product which will be assessed by the credit department to check the credibility of the applicant. Those wishing to apply for Skip leasing can visit the nearest PABC branch or call our Leasing hotlines 0772 975 959 / 0768 064 518

One key factor that has brought Pan Asia Bank to the forefront of the leasing industry is its same-day loan approval process. The Bank’s superior service levels ensure that customers seek out the Bank’s offerings, which differentiates it from other leasing providers. Sustaining its pioneering status, Pan Asia Bank’s future plans include extending the facility for customers to apply for leases through mobile phones for added convenience and speed. Acknowledged as one of the fastest-growing banks in Sri Lanka, Pan Asia Bank has earned a solid reputation as an agile and robust Banking institution that is based on a strong framework of good governance, sustainability and ethical operations.

Further, Pan Asia Bank has delivered a strong financial performance in 2020 despite the challenges emanating from the pandemic, successfully keeping its Non-Performing Loans (NPLs) to the lowest in the market. In addition to its impressive financial performance, Pan Asia Bank has been recognized in the recent past by many local and global reputed institutions for excellence in the Banking sphere. Pan Asia Bank was crowned as the ’Fastest Growing Commercial Bank in Sri Lanka – 2021’ by the International Business Magazine Awards. Moreover, the Bank was also recently bestowed with the prestigious ’Best Bank for Treasury Activities Sri Lanka – 2021’ award by the Global Banking & Finance Review; ‘The Best Treasury and Cash Management Bank Sri Lanka 2021’ by the International Business Magazine Awards; and ‘The Best Bank in Treasury Management Sri Lanka 2021’ by World Business Outlook Awards 2021, which demonstrates the Bank’s prudent and Best-in-Class Treasury and Cash Management Operation.