Sri Lanka's premier financial solutions provider, HNB PLC, partnered with Micro Cars Limited to offer a slew of exclusive leasing packages with attractive benefits and interest rates for customers intending to purchase the Micro’s popular MG ZS, MG EZS and BAIC X25 models.
HNB Head of Personal Financial Services, Kanchana Karunagama and Micro Cars Director Marketing, Ruvindu Gunaratne signed the MoU on behalf of both organizations at a ceremony hosted at Micro Cars Head Office recently.
"Micro Cars are rapidly becoming one of Sri Lanka’s most popular vehicle brands, offering users a reliable, durable and compact vehicle ideally suited for navigating and finding parking in busy urban environments. Through our partnership, HNB is proud to be able to offer our customers tailor-made leasing packages with attractive interest rates and benefits on some of the brand’s most popular models. This is an invaluable opportunity, and we therefore invite all our leasing customers to avail themselves of the outstanding value created between Micro Cars and HNB,” HNB, Head of Personal Financial Services, Kanchana Karunagama said.
Individuals intending to purchase a Micro MG ZS, MG EZS and BAIC X25 will be entitled to a special interest rate reduction from the prevailing interest rate from HNB in addition to a free life insurance cover of Rs. 4 million anchored to discounted premiums from HNB General Insurance and a free credit card with the first annual year fee waived off.
HNB customers also have the option of choosing either a structured or residual leasing facility, to better suit their budget. Minimal documentation, personalized one day service and doorstep assistance are some of the benefits and services offered by HNB to the customer as a result of this partnership.
"While demand from the average Sri Lankan for an affordable and reliable vehicle is high and still growing, financing this requirement can often be a real challenge, which is why we are extremely pleased to have partnered with HNB. Moving forward, our customers will be able to leverage this partnership to secure some of the most attractive rates in the market,” Micro Cars, Director Marketing, Ruvindu Gunaratne said.
Micro Cars offers customers' free registration for MG ZS and MG EZS vehicles in addition to a special discounted prices for BAIC X25.
Established in 1995, Micro Cars Limited is a significant home-grown automobile manufacturer in the Sri Lankan automobile industry. Operating across 11 branches & 48 after sales service centres island-wide, Micro has diversified into a group of companies with Transmec International, Micro Construction, Fujitec Lanka, Superlative Properties and EuroSports Auto (Franchisee of Lamborghini and many other luxury automobile brands), offering more than one thousand employment opportunities.
Operating through 250 customer centres across the country, HNB is one of Sri Lanka’s largest and most innovative banks, having won recognition from numerous international and local institutions for its achievement of excellence in diverse fields.
HNB became the first Sri Lankan bank to obtain an international credit rating and was assigned a foreign currency issuer rating of B1 on par with the sovereign rating by Moody’s Investors Service, while it has a national long term rating of AA- (lka) by Fitch Ratings (Lanka) Ltd.