Try GOLD - Free
Sampath Bank and Ideal Motors Partner to Drive Affordable Vehicle Ownership in Sri Lanka
Sunday Island
|November 09, 2025
Sampath Bank PLC recently signed a Memorandum of Understanding (MOU) with Ideal Motors (Pvt) Ltd., an authorised distributor of Mahindra vehicles in Sri Lanka.
-
The partnership aims to offer customers enhanced vehicle financing solutions and exclusive benefits that make vehicle ownership more affordable and convenient.
Through this collaboration, Sampath Bank will extend a range of financial privileges to customers purchasing Mahindra vehicles from Ideal Motors. These include a 0.5% per annum reduction in the published leasing interest rates, loans to cover vehicle insurance premiums with no interest if settled within two months, and Sampath Credit Cards with no joining fee, enabling customers to pay their insurance premiums at 0% interest for up to 12 months.
This story is from the November 09, 2025 edition of Sunday Island.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Sunday Island
Sunday Island
Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT - International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka's Minister of has Justice said after opposition legislators urged the government to seek help.
1 min
June 28, 2026
Sunday Island
Sampath, SLPA launch first real-time USD payment system
Sampath Bank PLC and the Sri Lanka Ports Authority (SLPA) have jointly launched Sri Lanka’s first real-time USD payment solution for the maritime industry, eliminating traditional manual payment processes and streamlining foreign currency transactions across the country’s shipping and logistics ecosystem.
1 mins
June 28, 2026
Sunday Island
Colombia's Revenge Vote
During the election period, soon after the killing of the so-called FARC (The Revolutionary Armed Forces of Columbia) dissident commander Ivan Idrobo, alias Marlon, a question began circulating across Colombia. Can the Colombian state finally become strong enough that armed groups no longer step into the vacuum where government authority should exist?
5 mins
June 28, 2026
Sunday Island
Lanka is world's top trending wellness destination for 2026
Wellness travel is no longer just about booking a massage and calling it self-care.
1 mins
June 28, 2026
Sunday Island
Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
1 min
June 28, 2026
Sunday Island
Catholics, Black Magic, and Community
My mother was from Paiyagala, a coastal fishing village 30 miles from Colombo and five miles from Kalutara.
11 mins
June 28, 2026
Sunday Island
Politics, Taxation and the Need for Consensus
The editorial in last Sunday's Sunday Island, captioned \"Fuel Crisis: Beyond Price Debate,\" deserves to be applauded because it called on both the government and the opposition to stop playing politics over fuel prices.
7 mins
June 28, 2026
Sunday Island
BJP terms transfer of Katchatheevu to Lanka as ‘historic dark chapter’ of Congress
(DH) The Bharatiya Janata Party (BJP) on Friday criticised the Indian National Congress (INC) for the 1974 transfer of Katchatheevu to Sri Lanka, labelling it another ‘‘historic dark chapter’’ of the ‘Grand Old Party’s’ rule, alleging it compromised India’s national interests.
1 mins
June 28, 2026
Sunday Island
Four remanded over physiotherapist's murder
The Nuwara Eliya Magistrate’s Court on Friday ordered that four suspects, including the alleged mastermind behind the murder of a physiotherapist whose body was found inside a vehicle in Teldeniya, be remanded until July 9.
1 min
June 28, 2026
Sunday Island
ADB approves $57.4 million package to boost Lanka's rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
1 mins
June 28, 2026
Listen
Translate
Change font size