This collaboration marks a significant step in providing affordable and accessible financing solutions for both individual customers and SMEs
Through this partnership, customers will now have the opportunity to lease Mahindra’s new passenger vehicle range, including the Mahindra XUV 3XO XUV —available in MX3, AX5, and AX7 L variants and with unmatched convenience.
NDB offers tailor-made leasing solutions with minimal paperwork, no guarantor requirements, and flexible repayment plans, ensuring a seamless experience.
With approvals within a day, dedicated leasing officers, and access through NDB’s island-wide network of 113 branches and 12 specialized Leasing Centers, customers can confidently take home vehicles with affordable monthly installments.
In addition to passenger vehicles, the partnership extends to Ideal Motors’ trusted Mahindra Bolero City Pickup range, Scorpio Double Cab and Scorpio Single Cab with financing solutions specially designed to support SMEs and entrepreneurs.
Notably, this collaboration introduces Sri Lanka’s first-ever bank-financed leasing option for Mahindra Alfa Plus load carriers, a move aimed at empowering micro and small businesses with reliable transportation at accessible terms.
Structured leasing solutions and Ijarah financing further enhance the offerings, ensuring businesses of all sizes have access to the vehicles they need to grow and succeed.
Commenting on the partnership, Dilum Amarasinghe, Assistant Vice President – Leasing at NDB, stated, “Access to reliable mobility is a critical enabler of business growth.
Through this collaboration with Ideal Motors, we are proud to extend financing options that will support both individuals and SMEs in achieving their ambitions.
By combining Ideal’s robust vehicle portfolio with NDB’s customized leasing facilities, we are opening doors to new opportunities across the country.”
Adding to this, Ms. Nimisha Welgama, Director of Ideal Motors, commented This partnership with NDB Bank makes owning a Mahindra more accessible than ever.
With our trusted after-sales network and NDB’s flexible leasing, we are empowering Sri Lankans with reliable mobility and lasting value.
With Ideal Motors’ strong after-sales network and technical expertise complementing NDB’s innovative financial solutions, this partnership provides Sri Lankans with a comprehensive mobility package built on reliability, affordability, and long-term value.
Together, NDB Bank and Ideal Motors are empowering businesses and individuals to move forward with confidence and success.
NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. NDB was named Sri Lanka's Best Digital Bank for SMEs at Euromoney Awards for Excellence 2025 and was awarded Domestic Retail Bank of the Year - Sri Lanka and Sri Lanka Domestic Project Finance Bank of the Year by Asian Banking and Finance Magazine (Singapore) Awards 2024.
NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group.
The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.