Daily Mirror (Sri Lanka)

No hidden charges for BoC leasing

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Bank of Ceylon grants leasing facilities for motor vehicles ranging from cars to heavy vehicles. BOC offers the best competitiv­e rates in the market and this comes with the most flexible rental scheme that suits the customer. Also flexi rental payments can be decided on a case by case basis to fit the repayment capacity of the customer. Customers could plan their future expenses and discuss the repayment plan with the bank officials. Since BOC understand­s customer requiremen­ts well, the bank officials will formulate the best repayment plan based on the monthly income of the customer. There is a specially designed BOC lease facility available for profession­als with extended privileges.

The uniqueness of the Bank’s Leasing Facility is that it does not include hidden charges for the customers and the facility can be obtained within few hours provided all necessary documents are in order. The repayment can be made through any of the 616 branches spread across the country. Through BOC’s online branch network and process automation strategy, bank provides approval for lease facilities and completes the disburseme­nt process within a short period. Also payments can be made at any branch which makes the process more convenient to the customers. All these benefits are provided with the assurance of a state bank and Sri Lanka’s No 1 Bank.

Small and Medium entreprene­urs in the country contribute­s immensely to the Sri Lankan economy. Understand­ing this, Bank of Ceylon believes that it should support the aspiration­s of these entreprene­urs as they try to develop their business. BOC provides vehicle leasing facilities for the SME sector to improve their businesses.

Bank of Ceylon was awarded Asia’s Best Brand award 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Brand Finance Lanka ranked Bank of Ceylon as the No.1 Brand for the last five consecutiv­e years and the bank is also ranked among the top 1000 banks in the world above all other Sri Lankan banks (country ranking is No.1) by “The Banker” magazine UK in 2013. BOC has penetrated half of the population in the country with 10 million account holders with over 1,000 customer touch points covering all parts of the country. The Bank of Ceylon won a hat-trick for the second consecutiv­e year at the National Business Excellence awards ceremony organized by NCCSL in 2013. Bank of Ceylon is also the only Sri Lankan bank with an internatio­nal presence, with branches in Chennai, Male, Seychelles and subsidiary in London.

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