People’s Leasing offers relief to Covid-hit customers | Sunday Observer

People’s Leasing offers relief to Covid-hit customers

24 January, 2021
The Chairman of the People’s Bank and People’s Leasing, Sujeewa Rajapakse presents a cheque for Rs. 5 million to the Secretary to the President Dr. P. B. Jayasundara. Former CEO and GM of PLC, Sabry Ibrahim looks on.
The Chairman of the People’s Bank and People’s Leasing, Sujeewa Rajapakse presents a cheque for Rs. 5 million to the Secretary to the President Dr. P. B. Jayasundara. Former CEO and GM of PLC, Sabry Ibrahim looks on.

People’s Leasing & Finance PLC (PLC) has offered concessionary interest on loans and leases to over 75,000 customers, conforming to directives of the Central Bank of Sri Lanka

PLC offered this relief to customers who were Covid-19 victims. Under the program, a six-month grace period has been offered for loan repayment and also a component of setting off loans within a budget of Rs. 60 billion making PLC the non-bank finance company in Sri Lanka that has offered the highest amount of loan relief, a spokesman for the company said.

PLC also made a donation of Rs. 5 million to the ‘Itukama Covid 19 Health and Social Safety Fund’ on the day of its inauguration.

PLC’s financial service product portfolio includes leasing, auto loans, fixed deposits, savings accounts, housing and business loans, gold loans, margin trading, factoring, and Islamic financial services. 

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