Pan Asia Bank Launches "EV Plus" Bundled Leasing for Energy Resilience 📈

Pan Asia Bank has introduced a proactive financing solution to combat rising fuel costs and energy volatility in Sri Lanka by integrating clean transport with renewable energy. • Core Offering: The EV Plus Leasing facility bundles electric vehicle (EV) financing with a pre-approved solar energy loan or lease of up to Rs. 1,000,000 for home systems. • Sector Focus: • Automotive: Covers brand-new, reconditioned, or registered electric vehicles. Includes options to refinance or take over existing leases from other institutions. • Renewable Energy: Targets home solar systems to provide energy independence and reduce long-term household utility costs. • Financial Services: Streamlined "one-stop" approval process for both facilities, including integrated insurance for vehicles and solar infrastructure. • Strategic Impact: • Aims to reduce national dependence on fossil fuels while providing a hedge against global energy price fluctuations. • Supports economic resilience for both personal and business users through tailored repayment structures and competitive rates. • Requirements: Standard documentation applies, including KYC, income proof, EV valuations, and solar proposals.