Pan Asia Bank has stepped forward to support its customers through the pandemic period by rescheduling loans to suit their cash flow and by offering an array of other financial solutions to ease financial hardship. In keeping with this ethos to alleviate the financial burden for customers, Pan Asia Bank has launched a new leasing product, ‘Skip Leasing’, which has been designed as a leasing product that is akin to a moratorium. The exciting new leasing solution allows customers to pay every other month, with the accumulated interest paid at the time of the last installment. This relaxed repayment schedule extends convenience and allays financial stress for customers from paying monthly installments.
There is a growing requirement being felt by customers for leasing providers to take a more empathetic view of the pandemic-induced financial challenges in the market and the impact on their incomes. ‘Skip Leasing’ empowers customers to pay every other month – an aspect that is welcomed by customers as in the month they don’t have to pay the bank, they can put the money to use for other essential needs for themselves and their loved ones. The unique feature of ‘Skip Leasing’ product is that it allows customers to make payments every other month rather than making payments every month – with a 50 percent structured payment as the last installment. Anyone can apply for the product which will be assessed by the credit department to check the credibility of the applicant.