How to get online cash loan in Sri Lanka

A Rs.50,000 online cash loan can be obtained from traditional banks, credit unions, or online lenders. The time it takes to receive a decision and funding varies depending on where you apply, with some lenders offering same-day funding for those in need of fast cash.

However, before applying, there are other important factors to consider such as the purpose of the cash loan, whether a smaller amount would suffice, and eligibility criteria. It's also recommended to shop around to compare costs and find the best deal available.

Find the best online cash loan for You

Get prequalified loan offers in 2 minutes or less - with no impact to your credit score

0% for first loan
Lotus Loan

Lotus Loan to Rs.40 000

loan amount: Rs.15000 - Rs.40000
loan period: 1 days to 122 days
interest rate: 12%/year
borrower's age: 22-55 years old
company rating: ★★★★★

Apply Now!

0% for first loan
robocash

Robocash to Rs.50 000

loan amount: Rs.5000 - Rs.50000
loan period: 1 days to 120 days
interest rate: 12%/year
borrower's age: 20-55 years old
company rating: ★★★★★

Apply Now!

0% for first loan
loanme

Loanme to Rs.40 000

loan amount: Rs.5000 - Rs.40000
loan period: 1 days to 120 days
interest rate: 13%/year
borrower's age: 20-55 years old
company rating: ★★★★☆

Apply Now!

0% for first loan
cashx

CashX to Rs.50 000

loan amount: Rs.5000 - Rs.50000
loan period: 1 days to 122 days
interest rate: 12%/year
borrower's age: 20-60 years old
company rating: ★★★★☆

Apply Now!


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What is the loan term?

  • Terms: 7 days to 182 days
  • Amounts: Rs. 3,000 to Rs. 60,000
  • Interest rates: 4 to 30% per month (maximum APR 365%)

Who Can Apply for Loan?

  • Sri Lankan citizens
  • Aged between 20-65 years old
  • Currently employed or with a steady income

A representative example

  • Loan amount: Rs. 50,000
  • Loan period: 180 days
  • Interest rate (15%/year): Rs. 3,688
  • Total payment: Rs. 53,688

How to get online cash loan in Sri Lanka

Previously, getting a cash loan was not such a difficult task. Now banks have introduced a stricter lending policy. You have to find new places where you can apply for a loan.

The purpose of implementing such strict requirements is to eliminate the risk of non-return of money. It is rare for people to get a loan above Rs 50,000 if they do not meet the bank's criteria. Also, do not forget that it will take time to prepare the document. Obtaining a cash loan from the bank quickly is impossible.

Cash loan online in Sri Lanka

In Sri Lanka, there are a number of non-banking institutions that provide online loans, which are usually preferred by customers because they are fast and require less paperwork and documentation. If you need to quickly solve financial issues, you can use the services of non-banking institutions or microfinance organizations (MFIs), which provide the opportunity to receive loans in the amount of 5 to 50 thousand rupees.

It is much easier to get an quick cash loan online in Sri Lanka up to Rs.50,000 than to apply for a conventional bank loan, which can take weeks and is not even available for smaller amounts. Although the fees for services at these facilities are higher, it is a small price to pay for emergencies such as medical expenses or urgent home repairs. The convenience and benefits of an online loan are incomparable to borrowing money from a regular bank or financial institution.

When taking out a loan in a microfinance organization, it is necessary to take into account that the interest rate on loans is higher than in banking institutions, and loans are issued for a relatively short term. Applying to online lending services is the most comfortable and fastest way to get a loan. Direct processing of the loan will take no more than 10 minutes. You don't even have to go anywhere to complete the application. Our service allows you to solve your financial difficulties right now from home or work.

Three steps are enough. First of all, it is necessary to fill out a loan application and wait for a decision on it, accept the terms of the contract. After that, the money will go to the card or it can be received in cash. The remote method of receiving money allows you to achieve convenience and speed of service. Everything happens in a matter of minutes. You don't even have to go anywhere. At the same time, if receiving money in cash is essential, it is possible to arrange such a fast loan online.

How to get online cash loan in Sri Lankae

Online cash loan apply

In order to apply online for a loan, you need to meet two basic requirements: be between the ages of 20 and 60 and have a regular income from work as an employee or self-employed. If you meet these criteria, then simply go to the website of the credit institution, register with your name and a valid phone number, which is confirmed by a one-time password (OTP). Then fill out the registration form, which will take you no more than 5 minutes to complete, and upload only one document - your National Identity Card (NIC). You also need to upload your photo to the site. After that, you will be asked to enter your bank account details, including the name of the bank, bank branches and the account number to which you are going to receive money. After filling in all the required data, your application will be processed.

The process of evaluating and verifying a loan application

After applying for a loan through the website, it goes through several checks, after which it is assigned a score and sent to the queue for consideration. The entire verification process takes place online, and the applicant can be verified by the agent of the organization.

After that, one of the company's employees will contact you by phone to verify the information provided. Immediately after the call, you will be informed whether you are eligible for a loan or not, and the money will be credited to your account.

If you have already received a loan online in Sri Lanka, then the process will be even faster. Even if you are a new borrower, you may be approved for a small amount without any collateral or proof of assets.

Even though the process seems incredibly quick and easy, you need to familiarize yourself with the terms and conditions of an online loan to avoid debt repayment issues that could negatively impact your credit score.

When you apply for an online loan, you have access to a variety of tools, including our calculator, which allows you to determine how much you can borrow, what the service fee is, and when the loan will need to be repaid. All terms and conditions are available in multiple languages, and there are contact details of the company you can contact if you have any questions or need to clarify the terms.

Thanks to the innovative approach of our partners in lending to residents of Sri Lanka, our service will help you choose the best loan terms for all those who are in an emergency and are looking for an opportunity to take a cash loan. The loan can be transferred to your bank account in just 1 hour after applying.