Skip Leasing Sri Lanka - Pan Asia Banking Corporation

Own your dream vehicle while fulfilling your other commitments

Enjoy the convenience of paying your lease every other month, while attending to the rest of your financial commitments with ease and comfort, only with Pan Asia Bank Skip Leasing. Enjoy the comfort of skipping your lease every other month.

Key features & benefits

Lease registered and unregistered vehicles
Lease your existing vehicle for your personal or professional financial convenience
24-hour approval
Service through island-wide branch network
Attractive interest rates
Hassle-free speedy service
Innovative repayment schemes
Customised leasing solutions and expert advice
Special discounts on Insurance premiums

Rates & fees

With Effective From:- 2023-08-25
Fixed Rate 18.45% (p.a)
Click here to see the fees for this product

Take advantage of the service where you pay your lease only every other month!

Contact us or visit the nearest Pan Asia branch today to learn what our Skip Leasing services can do for you!

Skip Leasing FAQs

How does Skip Leasing work?
The customer is required to pay the leasing installment every other month. On the skipped month, the customer is required to pay a nominal value of Rs.1/-. The customer also has the option to add the Rs.1/- to the monthly installment and pay the total value every other month.
Eg: If the monthly installment is Rs.10,500/- the customer can add the nominal Rs.1/- that needs to be paid for the skipped month and pay Rs.10,501/- every other month.
It is important to note that the bank will consider the Rs.1/- as an installment for the skipped month. It is mandatory to pay the Rs.1/- on the skipped months.
For the customer’s convenience, the customer can combine the Rs.1/- with the installment paid every other month or deposit a lump sum equivalent to the total Rs.1/- installments in the loan recovery account.
How does the bank treat defaulted installments?
In the event where there is a delay/default in the payment of monthly installments, from the subsequent payments, the bank will recover the total due amount applicable in the same order it has defaulted. The Rs.1/- installment will also be considered as a separate installment for the skipped month. The bank will charge a penal interest as applicable for the installments that are in arrears.
Is it applicable for registered and unregistered vehicles?
It is applicable for all registered and unregistered manufactured not less than 10 years old.
What are the documents required to open a Skip leasing facility?
Vehicle valuation
Certificate of Registration (CR)
NIC copy
Income proof documents (Payslips, Business Registration, Bank statements, etc.)