Education

Sri Lanka Central Bank Tightens Loan Limits on Vehicle Purchases

The Central Bank of Sri Lanka (CBSL), acting in its role as the country’s macroprudential authority, has announced new limits on loan-to-value (LTV) ratios for vehicle financing. The revised regulations apply to licensed commercial banks, licensed specialized banks, licensed finance companies (LFCs), and registered finance leasing establishments (RFLEs).

Effective from November 8, credit facilities granted for the purchase or use of motor vehicles must follow the new maximum LTV caps. Under the latest framework, the maximum LTV ratio has been set at 70% for commercial vehicles and 50% for private vehicles.

This marks a change from the previous structure introduced in July, which categorized vehicles into four groups with varying limits (80% for commercial vehicles, 60% for private vehicles, 50% for three-wheelers, and 70% for other vehicle types). The updated policy consolidates these into two main categories: commercial vehicles, and all other vehicles such as cars, vans, and three-wheelers.

The CBSL stated that the move aims to ensure financial stability and responsible lending practices across the country’s banking and finance sectors.

Reporter

Share
Published by
Reporter
2 months ago

Recent Posts

Sri Lanka to Reopen Schools Nationwide After Cyclone Ditwah, With Special Measures for Affected Areas

Schools across Sri Lanka that were closed due to the disaster situation caused by Cyclone…

1 month ago

Australia Strengthens Ties with Sri Lanka During High-Level Visit

Australia’s Assistant Minister for Citizenship, Customs and Multicultural Affairs, and International Education, Julian Hill, has…

1 month ago

Notice on reopening preschools and early childhood development centers

All preschools and early childhood development centers that were closed due to the emergency disaster…

1 month ago

Sri Lanka Reschedules 2025 A/L Exams to January 2026 Following Severe Weather Disruptions

Sri Lanka’s Ministry of Education has announced that the 2025 G.C.E. Advanced Level (A/L) examinations—previously…

1 month ago

Australia and UNFPA Step Up Emergency Support for Women and Girls Affected by Cyclone Ditwah in Sri Lanka

Australia has partnered with the United Nations Population Fund (UNFPA) to deliver urgent humanitarian assistance…

1 month ago

Sri Lanka Teachers’ Union Calls for Urgent Financial Relief for Educators Hit by Disasters

The Ceylon Teachers’ Union (CTU) has called on the Sri Lankan government to immediately introduce…

1 month ago
Casino paper io betwinner taraftarium24 istanbul escort escort pendik yeni bahis siteleri 
<script type="text/javascript">
(function(window, document, dataLayerName, id) {
window[dataLayerName]=window[dataLayerName]||[],window[dataLayerName].push({start:(new Date).getTime(),event:"stg.start"});var scripts=document.getElementsByTagName('script')[0],tags=document.createElement('script');
function stgCreateCookie(a,b,c){var d="";if(c){var e=new Date;e.setTime(e.getTime()+24*c*60*60*1e3),d="; expires="+e.toUTCString()}document.cookie=a+"="+b+d+"; path=/"}
var isStgDebug=(window.location.href.match("stg_debug")||document.cookie.match("stg_debug"))&&!window.location.href.match("stg_disable_debug");stgCreateCookie("stg_debug",isStgDebug?1:"",isStgDebug?14:-1);
var qP=[];dataLayerName!=="dataLayer"&&qP.push("data_layer_name="+dataLayerName),isStgDebug&&qP.push("stg_debug");var qPString=qP.length>0?("?"+qP.join("&")):"";
tags.async=!0,tags.src="//aam.adstudio.cloud/containers/"+id+".js"+qPString,scripts.parentNode.insertBefore(tags,scripts);
!function(a,n,i){a[n]=a[n]||{};for(var c=0;c<i.length;c++)!function(i){a[n][i]=a[n][i]||{},a[n][i].api=a[n][i].api||function(){var a=[].slice.call(arguments,0);"string"==typeof a[0]&&window[dataLayerName].push({event:n+"."+i+":"+a[0],parameters:[].slice.call(arguments,1)})}}(i[c])}(window,"ppms",["tm","cm"]);
})(window, document, 'dataLayer', '2f3c3ac5-efd8-4f09-8bfb-67440a25c884');
</script><noscript><iframe src="//aam.adstudio.cloud/containers/2f3c3ac5-efd8-4f09-8bfb-67440a25c884/noscript.html" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>

<div id="block_3845"></div>
<div id="block_3852"></div>
ssp.adstudio.cloud, 1099, DIRECT


rubiconproject.com, 23236, RESELLER, 0bfd66d529a55807