Mano Bank starts providing a leasing service to private customers

Mano Bank starts providing a leasing service to private customers from this August. Last year the bank started providing a leasing service to businesses.

“As we consistently implement our strategy to expand the bank’s services, we are adding leasing services for private customers to our offerings. In such a way, we attempt to provide the opportunity to our clients to acquire new and used cars in one place and under flexible conditions. We do not require vehicles to be purchased only from official sellers, as we are willing to finance the purchase of cars from both legal entities and private individuals,” – tells the CEO of Mano Bank, Mrs Giedrė Blazgienė.

According to G. Blazgienė, Mano Bank began offering leasing services to businesses operating in Lithuania one year ago. Starting this August, this service will also be available to Lithuanian citizens and residents over 18. The financing is planned to be offered for purchase of private and commercial cars up to 3,5 t.

It will be possible to complete the entire leasing process online, from application to vehicle acquisition. Additionally, if a resident decides to redeem the vehicle early, no additional fees will be imposed. The CEO of Mano Bank notes that more and more people are appreciating and using the advantages of the leasing service. According to the data of the Lithuanian Banking Association (LBA), the leasing portfolio in Lithuania has been growing from 2,9 billion euro (in January 2020) up to 3,7 billion euro (in May 2023), while the value of signed contracts has grown from 1,35 billion euro (in January 2020) up to 1,92 billion euro (in 2023).

“Entering the leasing services market is a sign of the continued maturity of Mano Bank. Before launching this service, we focused heavily on ensuring a fast and convenient application process and providing prompt responses. Our goal is to help our clients access the assets they need as quickly as possible,” says Mrs G. Blazgienė.