Branch Locator
About Vehicle Loans
LB Finance Vehicle Loans support customers who intend to purchase vehicles by mortgaging the asset with LB Finance. The facility is suitable for professionals, businessmen and corporate entities who need a structured vehicle financing option.
Customers can choose fixed or variable interest rates, while the repayment period and monthly rental can be customized according to customer requirements. The product offers an affordable monthly rental with a minimum repayment period of 1 year.
- Financing for customers purchasing vehicles.
- Fixed and variable interest rate options available.
- Affordable monthly rental with minimum repayment period of 1 year.
- Repayment period can be customized to customer requirements.
- Available for individuals, sole proprietors, partnerships and corporate customers.
Why Choose LB Finance?
- Fixed or Variable Interest
- Choose a rate option based on the approved facility structure.
- Customizable Repayment
- Adjust the repayment period according to your needs.
- Affordable Monthly Rental
- Manage vehicle purchase through structured monthly payments.
- Vehicle-Based Financing
- Finance the purchase by mortgaging the asset with LB Finance.
- Business and Personal Use
- Suitable for professionals, businesses and corporate entities.
- Clear Legal Framework
- Vehicle Loans are governed under the Mortgage Act No. 06 of 1946 as amended.
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 required company 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 identification and billing/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 Vehicle Loan inquiry with LB Finance.
2
Submit Documents
Provide the required customer, income, guarantor and vehicle documents.
3
Finalize Loan & Purchase Vehicle
Once approved, complete documentation and begin your repayment plan.
Frequently Asked Questions
The minimum repayment period is 1 year.
Yes. Vehicle Loans can be obtained under fixed or variable interest rates.
Individuals, sole proprietors, partnerships and corporate customers can apply, subject to eligibility criteria.
Supplier invoice, revenue licence and tax receipts, duplicate key, valuation report and certificate of registration are listed as required documents.
A penal rate of 3.75% p.m. applies after a 3-day grace period.
Need help?
Our experts are ready to assist you.
