NTB’s ‘Variable Lease” product

Nations Leasing, the leasing arm of Nations Trust Bank, recently launched the ‘Nations Variable Lease’ - a new variable lease product.

The Nations Variable Lease is structured to reflect current market interest rates. Keshini Jayawardena, Deputy General Manager Leasing at NTB said, “In this era of high interest rates, traditional financing products do not always best serve the customer. Fixed term leases lock customers into a fixed interest rate and a fixed repayment period while floating rate loans mean that when the interest rates move, the amount of the monthly repayment changes, making cash planning difficult”. The Nations Variable Lease, the bank said, has been structured in order to provide customers with a clear advantage in managing their finances.