Benefits of online loans
Fast approval
It can take just a few minutes to get your loan approved
Clear terms
Transparent and easy to understand loan terms
Simple process
The whole process is done online, so there is no need to go anywhere to receive the money
Easy repayment
Repay the loan using the Internet banking service or through your bank branch
Requirements for borrowers
Bank account
Age from 20 years
Valid NIC details
Active phone number and e-mail
How to apply for a loan?
1. Compare loans
Compare the available loan offers, choose the one that suits you best and click "Receive loan"
2. Apply for a loan
On the lender's website, fill out the loan application, indicating all the necessary information. Submit an application and wait for the lender's response!
3. Receive money
If the loan is approved, sign the contract and receive the money in your bank account
How to repay the loan?
1. Internet bank
You can make a monthly payment to the lender's bank account using Internet banking.
2. Client account
Sign in to your client account, which can be found on the lender's website, and you can make the payment there.
3. Bank branch
You can make the payment by visiting one of your bank branches.
Details and examples of partner loan calculations
Address: No 25, Simon Hewavitharana Road, Colombo 3, Sri Lanka
Phone number: +94 114 279 800
E-mail: help@ceyloan.lk
Max APR: 182.5%
Term: 3 months - 6 months
Loan of RS 5 000 for 3 months, monthly payment RS 2 425 total amount RS 7 275, annual percentage rate APR 182.5%.
Address: 106, Dharmapala Mawatha, Colombo 07
Phone number: +94 117 811 555
E-mail: info@oncredit.lk
Max APR: 16%
Term: 4 months - 6 months
Loan of RS 5 000 for 3 months, monthly payment RS 2 867, total amount RS 8 601, annual percentage rate APR 16%.
Address: 47 Alexandra Place, Colombo 7
Phone number: +94 114 411 122
E-mail: info@loanplus.lk
Max APR: 200.02%
Term: 62 days - 3 months
Loan of RS 10 000 for 3 months, monthly payment RS 6 633 total amount RS 19 900, annual percentage rate APR 198%.
Address: Sri Lanka
Phone number: -
E-mail: info@credify.lk
Max APR: 365%
Term: 3 months - 1 year
Loan of Rs 50 000 for 6 months, monthly payment Rs 8 948, total amount Rs 53 688, annual percentage rate APR 15%.
Address: 47 Alexandra Pl, Colombo 00700
Phone number: +94 117 474 111
E-mail: info@cashx.lk
Max APR: 216.12%
Term: 62 days - 3 months
Loan of RS 5 000 for 3 months, monthly payment RS 1 650 total amount RS 9 950, annual percentage rate APR 216.12%.
Address: Sri Lanka
Phone number: -
E-mail: info@soscredit.lk
Max APR: 365%
Term: 3 months - 1 year
Loan of Rs 50 000 for 6 months, monthly payment Rs 8 948, total amount Rs 53 688, annual percentage rate APR 15%.
Address: Sri Lanka
Phone number: -
E-mail: info@soso.lk
Max APR: 365%
Term: 3 months - 1 year
Loan of Rs 50 000 for 6 months, monthly payment Rs 8 948, total amount Rs 53 688, annual percentage rate APR 15%.
Address: 321, Galle Road, Colombo 03
Phone number: +94 117 877 555
E-mail: info@loanme.lk
Max APR: 13.68%
Term: 3 months - 6 months
Loan of RS 25 000 for 6 months, monthly payment RS 6 750, total amount RS 40 500, annual percentage rate APR 13.68%.
Annual Percentage Rate (APR)
The annual interest rate is the total cost of the loan, which is displayed as a percentage.
Calculation example (representative example): Loan of RS 50 000 for 6 months, monthly payment RS 8 948, total amount RS 53 688, annual percentage rate APR 15%.
Loan comparison at Loansonline-24
Term from 62 days to 12 months. The examples are for informational purposes only.
Loansonline-24.com is not a lender and does not issue loans, nor is it responsible for the terms of loan agreements.
Borrow responsibly
Before signing the loan agreement, carefully read all the terms and evaluate whether you will be able to repay the loan without any problems.
Penalty information
If the borrower fails to make a monthly payment within the term specified in the agreement, the lender has the right to charge statutory interest for late payment.
Additional Associated Fees
Many or all of the products we offer are from our partners, from whom we may receive commission. This may affect the placement of offers and whether a product is included in the comparison. However, this does not affect our ratings.
In addition to obvious costs like interest and repayments, there may be hidden fees that ultimately make a loan more expensive than it initially appears. These hidden costs are not always obvious and can take many forms.
One of the most common hidden costs is a processing fee. Some lenders charge a fee for reviewing a loan application, which is added to the loan amount and interest. While this practice is criticized and sometimes restricted by law in many countries, it is important to consider this when taking out a loan.
Insurance premiums, especially for residual liability insurance, are another issue often overlooked. These insurances are designed to protect both the borrower and the lender if the borrower is unable to service the loan for reasons such as illness or unemployment. However, the cost of such insurance can be high and may significantly increase the overall loan expenses.
If a borrower wishes to repay a loan early, prepayment penalties may apply. These fees are intended to compensate lenders for lost interest income.
Additionally, a special repayment fee may be charged. While some loan agreements offer the option of special repayments without any additional fees, other lenders may impose a charge.
The overall cost of a loan may also be affected by an adjustment to the interest rate on variable-rate loans. If the base interest rate increases, the cost of the loan will also rise.
Therefore, it is crucial for borrowers to carefully review all aspects of a loan agreement, considering not only the nominal interest rate but also any additional fees and charges, to get a true understanding of the total cost of the loan.