Sampath Bank, GV Auto launch joint EV financing scheme

Sampath Bank and GV Auto have announced a collaborative financing programme designed to make electric vehicle ownership more affordable for Sri Lankan consumers. Under the partnership, customers purchasing EVs through GV Auto will benefit from preferential interest rates on vehicle loans offered by Sampath Bank.

The scheme provides a 0.5 percent reduction from Sampath Bank's published vehicle loan rates, lowering borrowing costs for EV buyers. The discount structure aims to encourage the adoption of electric vehicles by reducing the overall financing burden on consumers.

The partnership reflects growing interest among Sri Lankan financial institutions and automotive dealers in supporting the transition to cleaner transportation options. As environmental concerns and fuel costs continue to shape consumer preferences, such collaborative initiatives are expected to play a significant role in accelerating EV uptake across the island.

The joint programme is available to eligible customers meeting Sampath Bank's lending criteria. Further details regarding loan amounts, repayment terms, and vehicle eligibility have not been disclosed.