Branch Locator
About Power Draft
LB Finance Power Draft provides special loan facilities against vehicles, helping customers access funds while using a flexible working capital solution. The facility allows customers to utilize the available capital on a revolving basis.
Customers can pay interest monthly and settle the capital at maturity. The capital can also be repaid fully or partially at any point during the tenure, giving businesses and individuals greater flexibility in managing cash flow.
- Special loan facility available against vehicles.
- Flexible working capital solution.
- Remaining capital can be utilized on a revolving basis.
- Interest can be paid monthly and capital at maturity.
- Capital can be repaid fully or partially at any point during the tenure.
Why Choose LB Finance?
- Flexible Working Capital
- Access funds against vehicles for working capital needs.
- Revolving Capital Use
- Utilize the remaining capital on a revolving basis.
- Monthly Interest Payments
- Pay interest monthly while planning capital settlement at maturity.
- Partial or Full Repayment
- Repay capital fully or partially at any time during the tenure.
- Vehicle-Backed Facility
- Use eligible vehicle documentation to support the facility.
- Available for Multiple Customer Types
- Individuals, sole proprietors, partnerships and corporates can apply.
Who Can Apply?
- Sri Lankan citizens over 18 years of age.
- Individuals with valid NIC, Driving License or Passport.
- Sole proprietors with business registration and income proof.
- Partnerships with business registration and consent of partners.
- Corporate customers with company registration and board resolution documents.
Documents You'll Need
- Identification proof: NIC, Driving License or Passport.
- Address proof: NIC, utility bill or Grama Sewaka Certificate.
- Income proof: salary slips, bank documents, financial statements or other income proof.
- Guarantor details: identification proof, address or billing proof and income proof.
- Vehicle documents: supplier invoice, revenue licence and tax receipts, duplicate key, valuation report and certificate of registration.
- Completed application form.
How to Apply in 3 Simple Steps
1
Apply Online or Visit Branch
Start your Power Draft inquiry with LB Finance.
2
Submit Documents
Provide required personal or business, guarantor and vehicle documents.
3
Access Funds & Manage Repayments
Once approved, use the facility and repay interest, capital or both as agreed.
Frequently Asked Questions
Power Draft is a special loan facility against vehicles that can be used as a flexible working capital solution.
Yes. Customers can utilize the remaining capital on a revolving basis.
Customers can pay interest monthly and pay capital at maturity. Capital can also be repaid fully or partially at any time during the tenure.
Yes. Vehicle documents such as revenue licence, valuation report and certificate of registration are required.
A penal rate of 3.75% p.m. applies after a 3-day grace period.
Need help?
Our experts are ready to assist you.
