Commercial Bank Managing Director/CEO  Sanath Manatunge and  Deputy General Manager Retail Banking and Marketing Hasrath Munasinghe at the exchange of the MoU with DIMO Group Managing Director/Chief Executive Officer Gahanath Pandithage and Director/Chief Operating Officer Rajeev Pandithage in the presence of Tata Motors Limited Country Manager for Sri Lanka Soumitra Roy, DIMO Deputy General Manager Commercial Vehicle Sales Sampath Kumarasinghe, Deputy General Manager Agri Machinery Sales Amila De Silva, Commercial Bank Chief Manager Retail Products Department Dushmantha Jayasuriya, Product Manager Personal Loans Gayan Wijesinghe and Executive Officer Retail Products Department Chandri Premaratne

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 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 one percent reduction on the standard interest rate on the leasing facilities from Commercial Bank.

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 percent 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.

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.