Vehicle Loans / Leasing
Vehicle Loan
Seylan Bank PLC.
Vehicle Loan Information
Vehicle Loans / Leasing
Privet Banking
General
Interest Rate (P.A) : Up to 16.75%
Loan Tenure : Up to 07 Years
Maximum Loan Amount : LKR 50,000,000
Rates and terms last verified on 17 June 2026.
Description
Features
- Finance for purchase or import of motor vehicles
- Available for employed professionals & salaried individuals
- Loan Quantum 1.0 Mio - 50.0 Mio complying the LTV requirements
- Flexible repayment period up to 7 Years
- Applicable only for 04 wheelers
- Competitive & attractive interest rates
- Minimum Documentation
Eligibility
- Sri Lankan resident employed in a local company or a locally based branch of a foreign company
- Age between 20 – 60 years (Loan to be settled within the retirement age)
- Minimum monthly Net Income of Rs. 150,000/- inclusive of acceptable Allowances which should be assigned to the Bank.
- Permanent & confirmed employees who have completed a minimum period of 12 months including the probation period.
- 100% clear CRIB record. No irregularities over 90days during last 2 years.
- LTV requirements stipulated by CBSL
- For registered vehicles – Year of Manufacture (YOM) conditions apply
- Vehicle mortgage required as security
Documents Needed
- Valid National Identity card/ Driving License or Passport
- Letter of employment/salary confirmation from the employer
- Billing proof - utility bill of the permanent residence (water or electricity only)
- Performer Invoice for Brand new vehicles
- CR & Valuation + Invoice/supplier letter for Registered vehicles
- Vehicle Insurance
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