Recent Updates

Assetline Leasing Company Limited launches ‘Sisudiriya’, a Flexible Educational Loan to Support Ambitious Students

Assetline Leasing Company Limited introduces another new product to its portfolio of unique financial services – the ‘Sisudiriya’ Education Loan, a flexible and highly convenient loan product to help finance students’ ambitions of pursuing higher academic qualifications in prestigious local and international educational institutions and universities. Assetline Leasing has launched “Sisudiriya” in response to customers’ requests for an education loan that is flexible and can be customized to their unique requirements. The dynamic finance company is on a strong diversification trajectory and this new loan is yet another testimonial to its commitment to becoming a full service finance company in Sri Lanka, known for its customer-centric offerings. Having commenced operations in 2003, Assetline Leasing Company has rapidly expanded to be one of the largest specialized leasing companies in Sri Lanka.

Commenting on the new product, Mr.Upali Silva – Divisional Manager – Business Planning & Market Development said, “We are led by the company motto – ‘Customer is the most valuable stakeholder of the organization’ – and in keeping with this promise, we are delighted to introduce “Sisudiriya”, a compelling solution to the rising demand for educational loans in the marketplace. The demand for educational loans has been on the rise, as more and more students wish to fulfill their ambitions to gain further educational qualifications. Assetline Leasing has stepped in to offer customers financial assistance by way of the Sisudiriya Education Loan – to help students realize their full academic potential. What makes “Sisudiriya” different is the customizable nature of the loan and the quick loan disbursement that we offer. We have done away with elaborate paperwork, require minimum documentation and offer speedy solutions to ease the stress on parents. Assetline Leasing is also in the process of forging partnerships with leading educational institutes in Sri Lanka, so that students in those institutions find it easy to access our loan. We are confident that Sisudiriya’s flexible and generous approach to student loans will make it one of the most sought-after educational loan products in the nation in due course”.

“Sisudiriya” caters to students who want to pursue a degree programme in Sri Lanka or overseas. The terms of the loan are highly flexible. The loan period is valid for a maximum of 5 years within which repayment has to be made. This period is ample time for the student to complete their degree programme while parents too have enough time to arrange to repay the loan amount.

Parents or guardians of the student can apply for the loan along with proof of student’s admission from the educational institution and all loan amounts are issued in the name of the educational institute.

The highlight of Sisudiriya is that Assetline Holdings is willing to even disburse the loan amount in a phased manner as per customer’s or educational institute’s requirement. Parents must show their income statement and letter of employment. In case of having their own business, the parents must show their business registration papers. The application process simply involves one interview and once the loan is approved, it is released within a period of two working days.

The company has ensured that all customers enjoy convenient payment settlement facilities through its branch network, and payment collection centers as well as through People’s Bank, Sampath Bank and HNB branch networks spread across the country. Going further, Easy Pay machines have been set up at Battaramulla, Maligawatta, Gampola, Kandy, Ratnapura and Anuradhapura branches, providing 24-hour convenience.

Assetline Leasing Company is a leading specialized leasing company registered with the Central Bank of Sri Lanka and is the flagship company of DPMC Assetline Holdings. The company provides business loans and personal loans facilities as well as leasing of motor vehicles, hire purchase and machinery and equipment leasing. The company boasts an island wide network of branches manned by highly-trained, professional and customer-oriented individuals.