Sri Lanka’s Sampath Bank has announced a collaboration with GV Auto, a subsidiary of Gavinro International, aimed at facilitating preferential financing options for customers interested in purchasing specific electric vehicles.
This partnership enables consumers to benefit from a reduced interest rate that is 0.5 percent lower than the bank’s standard vehicle loan rates when acquiring qualifying electric vehicles from GV Auto.
GV Auto provides a variety of transportation solutions, which include the premium Skywell BE11 electric SUV as well as Keyton commercial electric vehicles.
The initiative aims to promote sustainable transportation by making it more accessible, ultimately offering customers increased value, affordability, and long-term savings as they explore environmentally friendly transport alternatives, according to a statement from the bank.
“By integrating Sampath Bank’s customer-focused financing options with GV Auto’s expanding electric vehicle offerings and robust after-sales service, this partnership encourages the broader acceptance of electric mobility in Sri Lanka, assisting customers in transitioning to cleaner and more economical modes of transportation,” the bank remarked.
