People’s Leasing offers Rs. 60 b as COVID-19 loan relief to over 75,000 loan and leasing customers

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

Conforming to the directives specified by the Central Bank circular 11/2020 with regard to this subject, PLC offered this relief to customers who were COVID-19 victims.  Under the programme 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 nonbank finance company in Sri Lanka that has offered the highest amount of loan relief, the company said in a media release.

In addition, PLC made a generous donation of Rs. 5 million to the ‘Itukama COVID-19 Health and Social Safety fund’ on the day of its inauguration. 

Shamindra Marcelline, CEO/GM, of People’s Leasing speaking on the company’s move towards offering relief to COVID-19 victims, said PLC apart from being a people’s friendly finance company, is a company that has achieved great heights with the support of the people in the country.

“As a socially responsible company, we always think it is our duty to offer support to our customers when they face problems. This time around, we took every possible measure to relieve our customers from financial strain as and when financial assistance was sought by COVID-19 victims amongst them. We have already offered financial relief to over 75,000 victims.”