Vallibel Auto Draft is simply a substitute for a bank over draft.
Traditionally, bank over drafts are offered against collateral such as property and fixed deposits as security.
The uniqueness of Vallibel Auto Draft is that now a customer can simply afford an over draft against a motor vehicle as a security. A customer only needs to pay monthly interest in the same way as of a bank overdraft. Capital repayment is collected at the end of the period agreed upon with the borrower at the time of the disbursement of the facility.
Vallibel Finance Auto Draft / OD can go up to Rupees 50 million in value and it can be obtained through any Vallibel Finance branch within just a few hours.
Date of incorporation: 5th September 1974 Licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011 |
Credit Rating : BBB Stable Outlook Moody's ICRA | Company Reg.No : PB 526/PQ
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