Vehicle Lease Calculator Sri Lanka

Enter your vehicle value, downpayment, interest rate, and lease period to calculate your monthly instalment (EMI) and total interest payable.

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Monthly Installment (EMI)

Rs. 117,641.41
Loan Amount (Principal):Rs. 5,000,000
Entered LTV:50.0% / 40% maximum
Minimum downpayment:Rs. 6,000,000
Total Interest Payable:+ Rs. 2,058,484.32
Total Amount to Bank:Rs. 7,058,484.32

The entered finance amount exceeds the CBSL maximum LTV for this category. Increase the downpayment by at least Rs. 1,000,000.

Total Expense Breakdown

See how your total expense is distributed across interest, monthly payments, and down payment.

LTV limits shown are based on the CBSL direction effective 25 May 2026. The legal category depends on the vehicle class, registration, usage, and age in Sri Lanka. A lender may apply a lower LTV, a different valuation, eligibility checks, fees, insurance, or other conditions. Confirm the written offer and vehicle classification before paying a deposit.

CBSL vehicle LTV limits from 25 May 2026

CBSL Act Directions No. 01 of 2026 tightened the previous maximums by 10 percentage points with effect from 25 May 2026. The calculator applies the limits below to the category you select.

The Direction draws only two lines for a vehicle that is unregistered or has been registered for less than a year. Commercial classes -- which it defines to include light trucks and single cabs -- sit at 60%, and everything else sits at 40%. Once a vehicle has been used in Sri Lanka for more than a year after first registration, the limit is 60% whatever its class.

Maximum motor-vehicle LTV by category, effective 25 May 2026
Vehicle categoryMaximum LTVMinimum equity before other costs
Commercial vehicle, light truck or single cab, under 1 year in Sri Lanka60%40%
Car, SUV, van, three-wheeler, motorcycle or any other vehicle, under 1 year40%60%
Registered vehicle used in Sri Lanka over 1 year60%40%

The 70% and 50% figures you may still see quoted

Dealers and older articles still quote 70% for commercial vehicles and 50% for cars. Those were the limits before 25 May 2026, and they survive only as transitional provisions in Annexure I of the Direction, which apply to letters of credit opened before that date and not yet drawn down.

For a facility taken out today they are not the cap. Budgeting against 70% on a commercial vehicle leaves you a tenth of the vehicle's value short of the deposit the lender will actually require, which is enough to stall a purchase at the last stage.

How the down payment and the instalment interact

Two separate constraints decide whether a vehicle is affordable, and passing one tells you nothing about the other. The LTV ceiling fixes the most a lender may finance against the vehicle's value, which sets your minimum down payment. The instalment then has to fit within the share of your income the lender allows for debt repayments.

Increasing the down payment relieves both at once: it reduces the financed amount, which brings you inside the LTV limit and lowers the instalment proportionally. Extending the term lowers the instalment but does nothing for LTV, and adds interest across the extra years.

Because leasing quotes are commonly expressed as flat rates, compare the effective reducing-balance rate before deciding the deal is affordable. A quote that looks comfortable at a headline flat rate can be materially dearer than a bank loan at a higher-sounding reducing-balance rate.

LTV and EMI are different checks

LTV is the finance amount divided by the accepted vehicle value. It limits how much may be financed against the vehicle. EMI estimates the monthly repayment for the finance amount, rate, and term entered.

Passing the displayed LTV check does not establish affordability or approval. Confirm the vehicle class, valuation, effective interest basis, total payable, fees, insurance, and early-settlement terms in writing.

The costs that sit outside the instalment

The instalment covers the financed amount and its interest. It does not cover the down payment you paid up front, the comprehensive insurance most lease agreements require for the whole term, registration and transfer costs, or the documentation, valuation, and processing charges the lender adds at the start.

Insurance in particular is easy to underestimate, because it recurs annually for the life of the agreement and is usually required at a specified level of cover rather than the cheapest available. Budgeting for the instalment alone, and treating insurance as a surprise each year, is a common route into arrears.

Ask the lender for the total amount payable across the agreement, including every compulsory charge, and compare that figure between offers rather than comparing instalments. Two quotes with near-identical monthly payments can differ substantially once the charges attached to each are counted.

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Frequently asked questions

The CBSL maximum depends on vehicle class and age. From 25 May 2026, it is 40% for cars, SUVs and vans used in Sri Lanka for under one year, and 60% for qualifying commercial vehicles. Lenders may impose a lower limit.

Enough to bring the financed amount within the CBSL loan-to-value ceiling for that vehicle category. The LTV limit sets the maximum a lender may finance, so the minimum down payment is whatever the ceiling leaves - and many lenders apply a stricter limit than the regulatory maximum.

Loan-to-value: the financed amount as a percentage of the vehicle's value. The Central Bank caps it by vehicle category, which is what fixes the minimum down payment. It is a separate test from affordability - passing the LTV check does not mean the instalment fits your income.

It depends on each written offer, including the rate type, fees, insurance and early-settlement terms. Compare the total payable and convert any flat-rate quote to a reducing-balance equivalent before deciding.

Mainly who holds title and how the agreement ends. Both are commonly quoted at flat rates and both are regulated differently from a bank loan. The practical question for a borrower is the same either way: what is the effective rate, and what does the contract say about early settlement?

No. This calculator models the instalment on the financed amount only. Comprehensive insurance is normally compulsory for the term of a lease, and registration, documentation, and valuation charges are separate. Ask the lender for the total amount payable.

Usually, but rarely on the terms borrowers expect. Where interest was calculated on a flat basis for the full term, the settlement figure is set by the contract rather than by the interest that has actually accrued, so the saving can be much smaller than the remaining instalments suggest.

The lender's own assessment, which can differ from the price you agreed. If their valuation comes in below the purchase price, the LTV ceiling applies to the lower figure and the down payment you need goes up.

Because 70% was the commercial-vehicle cap before 25 May 2026, and it is still widely quoted. Under CBSL Act Directions No. 01 of 2026 the cap is 60% for commercial vehicles and 40% for cars, SUVs, vans, three-wheelers and motorcycles. The older figures survive only as transitional provisions for letters of credit opened before that date.