The Central Bank of Sri Lanka has decided to revise the maximum leasing ratios applicable to vehicles. Accordingly, the maximum ratio for commercial vehicles has been reduced to 70 percent, while the limit for private vehicles has been set at 50 percent.
In July this year, the Central Bank had allowed leasing facilities up to 80 percent for commercial vehicles, 60 percent for private vehicles, 50 percent for three-wheelers, and 70 percent for other vehicles.
However, under the latest revision, the four categories introduced in July have been consolidated into two main groups — one for commercial vehicles and the other covering motor cars, vans, three-wheelers, and other vehicles.
