SDB bank and & DIMO renew MoU | Page 2 | Sunday Observer

SDB bank and & DIMO renew MoU

14 February, 2021
Ranjeev Beadle, Head of Leasing, SDB bank
Ranjeev Beadle, Head of Leasing, SDB bank

By extending their previous MoU, SDB bank is geared to offer A to Z leasing solutions on agricultural equipment sold by DIMO.

DIMO is recognised as the authorized agent for Mahindra and Swaraj Tractors as well as CLAAS and LOVOL Combine Harvesters in Sri Lanka.

DIMO joined hands with SDB bank as part of the ‘SDB/DIMO Lease Promotion’ in an effort to offer greater conveniences to farmingcommunities and boost the agriculture sector island wide.

The two-year MoU offers the lowest down payments in the market along with competitive pricing, and promises a significant rise in productivity across both small-scale and industrial farms, through the use of state of the art agricultural machinery andequipment.

For both harvesters and tractors, SDB bank offers leasing facilities with a minimum down payment from the total invoice value, carrying a maximum tenor of 4 years involving 8 seasonal payments and 5 years spread across 10 seasonal payments respectively.

SDB bank’s leasing solutions provide farmers numerous benefits including hassle-free registration documentation, competitive pricing plus the lowest down payments marketwide.

The SDB-DIMO partnership is set to boost the aspirations of both small and large-scale farmers islandwide, allowing them to obtain the latest agricultural machinery and equipment at the lowest rates in the market, ensuring they can improve their farming operations, grow profits, and comfortably meet their leasing payments.