Loading Gannago…
Work out your monthly leasing payment before you buy. Enter the vehicle price, how much you want to finance, the interest rate and the term.
Estimate your monthly instalment
Example price. Enter the vehicle's price to see your instalment.
Loan: Rs 6,000,000Down payment: Rs 4,000,000
Monthly instalment
Rs 165,000
for 60 months · Flat 13%
Year by year
| Year | Paid | Balance left |
|---|---|---|
| 1 | Rs 1,980,000 | Rs 4,800,000 |
| 2 | Rs 1,980,000 | Rs 3,600,000 |
| 3 | Rs 1,980,000 | Rs 2,400,000 |
| 4 | Rs 1,980,000 | Rs 1,200,000 |
| 5 | Rs 1,980,000 | Rs 0 |
A flat rate is charged on the full loan for the whole term, so 13% flat costs more than 13% reducing. Estimate only. Rates and limits vary by lender.
Flat rate: interest is calculated on the full loan amount for the whole term. Most leasing companies in Sri Lanka quote this way.
Reducing rate: interest is calculated only on the balance you still owe, so it falls every month. Banks usually quote this way.
The same number means different costs: always ask the lender which type of rate they are quoting.