Vehicle Loan


Seylan Vehicle Loan enables you to purchase a motor vehicle (Brand new /Registered / Unregistered) or raise funds for personal requirements against a vehicle owned.

Loan Features

  • Stamp Duty Absorbed by the bank.
  • Low fixed interest rates.
  • Repayment up to 07 years.
  • Door step service.
  • Loan facilities starting from 1 Mio to 20 million.
  • No Irregularities in CRIB

Note: Loans for Three wheelers/ Motor Bikes & Chinese origin vehicles are not considered under the scheme.

Eligibility :

  • Net Income + Fixed Allowances to be over Rs.100,000/-
  • Permanent Employees who have completed 1 year in employment
  • Age between 20 – 60 years
  • Documents Required – Application stage
  • Valid National Identity Card / Driving License
  • Letter of employment and Salary confirmation
  • Evidence of Income : Last 3 months salary slips & Bank statement of last 3 months
  • Copy of marriage certificate (if joint with spouse)
  • Billing proof (utility bills)
  • Sole agent’s invoice for brand new vehicles
  • Invoice & Valuation from a panel valuer for unregistered vehicles
  • Copy of CR book & valuation from a panel valuer for registered vehicles
  • Duly completed application

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

 

Lease Term Rate p.a. % - Unregistered Rate p.a. % - Registered
01 Year 8.7500 8.7500
02 Years 8.7500 8.7500
03 Years 9.2500 9.2500
04 Years 9.5000 9.5000
05 Years 9.7500 9.7500
06 Years 11.2500 11.2500
07 Years 11.75000 -