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Personal Vehicle Loan

Dreaming of a vehicle that matches your preferences?
Our tailor-made financing solutions provide the flexibility and reliability you need, helping to move closer owning your dream personal vehicle.

Loan Features & Benefits

  • 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 Criteria :

  • 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

How to Apply: 

Option 1 : Submit your Request Form. We will contact you within 48hrs.  

Option 2 : Visit nearest branch

Option 3 : Call hotline to check +9411 200 88 88

Documentation Requirement *

  • Valid National Identity card/ Driving License or Passport
  • Letter of employment/salary confirmation from the employer 
  • Evidence of income – pay slips & Bank statement of last 3 months
  • 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

(**)    Obtaining of Loan Protection Cover is mandatory


Vehicle Loan

Tenure Listed Company Employees (Premium, A or B category) (%) Not Listed Company Employees(%)
With Credit Card & Internet Banking Without Credit Card & Internet Banking With Credit Card & Internet Banking Without Credit Card & Internet Banking
01 Year 10.00 11.00 10.50 11.50
02 Years 11.00 12.00 11.50 12.50
03 Years 11.50 12.50 12.00 13.00
04 Years 12.00 13.00 12.50 13.50
05 Years 12.00 13.00 12.50 13.50
06 Years 13.50 14.50 14.00 14.00
07 Years 13.50 14.50 14.00 15.00

Charges & Fees

Processing fees details Charges apply under Normal Process (Approval within 04 working days) Charges apply under Fast track (Approval within 02 working days)
LKR 1,000,000.00& below  LKR 7,500.00 LKR 12,500.00

LKR 1,000,001.00 to LKR 3,000,000.00

 LKR 12,500.00 LKR 17,500.00
LKR 3,000,001.00 to LKR 5,000,000.00 LKR 20,000.00 LKR 30,000.00
LKR 5,000,001.00 to LKR 7,000,000.00 LKR 30,000.00 LKR 40,000.00
Above LKR 7,000,001.00 0.5% (maximum 60,000.00) 0.6% (maximum 75,000.00)

(**)     Additional time will be taken for processing loans with deviations from the eligibility criteria.