Regulatory Alerts2019-06-28 | Banking Act Directions No. 5 of 2019Amendments to Loan-to-Value Ratio Directions for Motor Vehicle Credit Facilities
The Central Bank of Sri Lanka has amended its Banking Act Directions to establish an 80 percent loan-to-value ratio for unregistered non-electric Class B motor cars. This provision specifically applies to vehicles financed under the Mini Taxi concessionary loan scheme of the Enterprise Sri Lanka programme. The amendment formally inserts a new regulatory clause into the existing framework, thereby expanding credit facility eligibility for qualifying motor vehicles.
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