Seylan Bank partners with Hayleys Fentons to power EV ownership with leasing solutions, strengthening access to sustainable transportation through tailored financing options for Sri Lankan consumers. The initiative comes as demand for electric vehicles continues to grow across the country.
Seylan Bank partners with Hayleys Fentons to power EV ownership with leasing solutions for buyers
Seylan Bank PLC has announced a strategic partnership with Hayleys Fentons Limited to introduce a dedicated leasing facility aimed at making electric vehicle ownership more accessible and affordable. The collaboration is expected to support the growing adoption of environmentally friendly transportation while expanding financing opportunities for customers seeking modern mobility solutions.
Under the partnership, customers purchasing electric vehicle brands represented by Hayleys Fentons will be eligible for exclusive leasing benefits through Seylan Bank. The offering includes competitive interest rates, repayment periods extending up to seven years, and fast-tracked approval processes designed to provide greater convenience for vehicle buyers.
The programme covers several EV brands marketed by Hayleys Fentons, including JAECOO, OMODA, KAIYI, and SRM. By combining vehicle availability with specialized financing solutions, both companies aim to create a smoother purchasing experience for customers considering the transition to electric mobility.
The partnership arrives at a time when interest in electric vehicle leasing Sri Lanka is gaining momentum. Rising awareness of environmental sustainability, advancements in EV technology, and growing consumer demand for alternative transportation options have contributed to increased market interest in electric vehicles.
Seylan Bank stated that the initiative aligns with its broader commitment to supporting green financing and sustainable development. Financial institutions globally are increasingly directing resources toward environmentally responsible investments, and Sri Lanka is gradually witnessing similar trends through financing products that encourage cleaner technologies.
Commenting on the collaboration, Eugene Seneviratne, Deputy General Manager – Retail Banking at Seylan Bank PLC, said the partnership reflects the bank’s ongoing efforts to expand green financing initiatives while delivering greater value and convenience to customers.
He noted that the bank remains committed to developing innovative financial solutions that respond to evolving lifestyle preferences and emerging mobility trends. According to the bank, flexible financing structures are expected to play a key role in accelerating the adoption of electric vehicles in the local market.
The latest initiative also supports national and global sustainability goals by encouraging consumers to consider transportation alternatives that can help reduce carbon emissions and dependence on conventional fossil fuels. As governments and businesses worldwide place greater emphasis on environmental responsibility, electric vehicles are increasingly viewed as a critical component of future transportation systems.
Industry stakeholders believe that access to affordable financing remains one of the most important factors influencing EV adoption. While electric vehicles offer long-term operational savings, the initial purchase cost can be a barrier for some buyers. Leasing facilities with attractive repayment terms help bridge this gap by improving affordability and accessibility.
The collaboration between Seylan Bank and Hayleys Fentons seeks to address this challenge by providing customer-centric financing solutions tailored specifically for the EV market. Fast approval times and extended repayment periods are expected to appeal to both individual consumers and businesses exploring sustainable fleet options.
Hasith Prematillake, Managing Director of Hayleys PLC, stated that the partnership would further strengthen access to premium electric vehicle brands by combining quality mobility solutions with attractive financing packages and efficient service delivery.
As Sri Lanka’s automotive sector continues to evolve, partnerships between financial institutions and vehicle distributors are expected to play a significant role in shaping future market growth. The increasing focus on electric vehicle leasing Sri Lanka reflects broader changes in consumer preferences and the growing importance of sustainability within the transportation sector.
With Seylan Bank partners with Hayleys Fentons to power EV ownership with leasing solutions, both organizations are positioning themselves to support the next phase of Sri Lanka’s mobility transformation. By combining flexible financing, premium EV offerings, and a strong emphasis on green financing, the partnership aims to make sustainable vehicle ownership a more practical and accessible choice for Sri Lankan consumers.