People’s Leasing and INDRA Traders Join Forces to Offer Enhanced Leasing Solutions
People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution in Sri Lanka, has announced the signing of a Memorandum of Understanding (MOU) with INDRA Traders (Pvt) Ltd, a renowned and trusted name in the automotive industry. This strategic partnership aims to provide INDRA Traders’ and People’s Leasing valued customers with flexible and accessible leasing facilities for their vehicle purchases.
The MOU was officially signed at People’s Leasing Head Office on 28th March 2025 in the presence of key representatives from both organizations (Mr. Sanjeewa Bandaranayake – CEO/GM – People’s Leasing & Mr. Hashindra Silva – Director Sales & Marketing – INDRA Traders), signifying a shared commitment to delivering exceptional value and convenience to customers. Through this collaboration, customers choosing vehicles from INDRA Traders will now benefit from the comprehensive and customer-centric leasing solutions offered by People’s Leasing.
Customers can select either Fixed or Floating interest rates based on their preference, while lease terms can be extended up to seven years. The scheme also includes the option to spread insurance premium payments over 12 months, access an island-wide branch network for convenient transactions, and enjoy additional benefits via the PLC Touch app and PLC Debit Card. Customers who finance their purchases under this programme will also receive exclusive rates on People’s Insurance motor insurance packages, featuring added conveniences such as the Call & Go facility, as well as a co-branded credit card from People’s Bank with the first-year fee waived. Furthermore, customers can pay all the rental payments through People’s Bank CDMA machines under this scheme.
Commenting on the initiative, Mr. Sanjeewa Bandaranayake – General Manager/Chief Executive Officer of People’s Leasing & Finance PLC mentioned, “At INDRA Traders, our priority has always been to provide our customers with the best possible products and services. This partnership with People’s Leasing will further enhance our offering by providing seamless and flexible financing options. We believe this collaboration will be immensely beneficial for our customers, making their vehicle purchasing journey smoother and more affordable.”
“This partnership underscores the commitment of both People’s Leasing and INDRA Traders to prioritize customer convenience and provide innovative solutions in their respective industries. Customers visiting INDRA Traders showrooms can now inquire about the special leasing packages available through People’s Leasing, making their dream of owning a vehicle a reality” he further added.
“Mr. Hashindra Silva – Director Sales & Marketing of INDRA Traders (Pvt) Ltd, commented:
We are delighted to join hands with People’s Leasing to offer our customers a more streamlined and affordable vehicle purchasing experience. At INDRA Traders, we believe in going beyond vehicle sales to provide real value to our customers. Through this partnership, we aim to remove financial barriers and help customers gain access to reliable, high-quality vehicles with flexible leasing options tailored to their needs. Together with People’s Leasing, we are confident this collaboration will set a new benchmark in the auto-financing sector.”
People’s Leasing & Finance PLC is a leading non-bank financial institution in Sri Lanka, offering a wide range of financial products and services, including leasing, loans, deposits, and other financial services to individuals and businesses. With a strong reputation for customer service and financial stability, People’s Leasing has been empowering individuals and businesses across the nation for 29 years.
