Owning your dream vehicle is now within reach with the People’s Auto Loan from People’s Bank. Designed to offer flexibility, affordability, and convenience, this financing solution empowers customers to choose a repayment plan that best suits their financial goals.
With a range of repayment options available, customers can benefit from a monthly installment as low as LKR 1,980 per LKR 100,000 for a five-year tenure, with up to 30% capital deferment. After five years, the deferred amount can be either settled in full or converted into a new loan, providing greater financial flexibility.
The People’s Auto Loan offers additional advantages, including highly competitive interest rates, no early settlement fees, and exclusive discounts on Letter of Credit (LC) openings for vehicle imports. Whether purchasing a brand-new vehicle or a pre-owned one, this loan solution ensures a seamless and affordable path to ownership.
With a streamlined application process and swift approvals, People’s Bank ensures that customers can secure financing without unnecessary delays. The bank’s dedicated customer service team is available to guide applicants every step of the way, making vehicle financing a hassle-free experience.
Speaking on the benefits of this financial solution, People’s Bank Deputy General Manager – Retail Banking, T.M.W. Chandrakumara, stated, “At People’s Bank, we are committed to enabling our customers to achieve their aspirations with innovative financial solutions. The People’s Auto Loan is structured to provide unmatched flexibility and affordability, ensuring that vehicle ownership is more accessible than ever before.”
For more details on the People’s Auto Loan, customers can contact 1961 or visit the nearest People’s Bank branch.
