HNB Easy Draft to boost financial agility of enterprises with seamless access to funds
Catering to the working capital needs of the business community, Sri Lanka’s most SME-friendly bank HNB PLC, announced the launch of Easy Draft, a new hybrid facility designed to meet operational capital and urgent cash flow needs.
Developed to meet the funding requirements of corporates, emerging corporates, SMEs and personal businesses making use of HNB’s leasing facilities, Easy Draft swiftly addresses short-term working capital requirements by offering easy access to funds, ensuring the efficient management of day-to-day operations.
“In today’s fast-paced landscape, agility and access to quick funds are paramount to the success of a business. Given that our objective has always been to support entrepreneurs and SMEs, the bedrock of our economy, we believe it is essential that this sector requires greater flexibility. The launch of this new facility offers our customers the peace of mind to take advantage of any opportunity that may come their way with no worry about undue financial costs or long-term commitments,” HNB Head of Leasing Susitha Perera said.
Customers making use of HNB’s rental facilities, the lowest in the industry, have the option of choosing an Easy Draft tenure that best aligns with their financial requirements. HNB offers a minimum tenure of 12 months, extendable up to 18 months providing borrowers with the flexibility to adapt to changing business dynamics. Moreover, customers can settle their Easy Draft early, at no additional charge.
The facility comes with competitive interest rates, along with transparent and fair pricing, ensuring borrowers can manage their finances responsibly. Additionally, the lease amounts offered through this facility range from Rs 1 million to 50 million, depending on a preliminary assessment and the business’ requirements. Customers also have the option to offer more than one vehicle, subject to specified exposures, further enhancing their access to crucial funds.
HNB Head of Leasing, Susith Perera; HNB Assistant General Manager – PFS, Kanchana Karunagama; HNB Deputy General Manager/Chief Credit Officer, Nirosh Perera; HNB Regional Business Head, Greater Colombo Region Vathulan Ganeshan; HNB Senior Manager, Kiribathgoda Customer Center, Prabath Vitharana; and HNB Relationship Officer – SME, Shashi Abeysundara.
With 254 customer centres and 800+ Self Service Machines (SSMs) nationwide, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured four additional accolades, including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles.
Additionally, HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.
