Frequently Asked Question
How to obtain a loan?
Start by selecting a suitable loan lender from the list provided. Consider factors such as interest rates, repayment terms, loan amount eligibility, and the lender’s reputation. Once selected, proceed to fill out the online application with accurate personal and financial details. Ensure all required documents are uploaded, such as your national ID, proof of income, and bank statements. After submission, the lender will review your application and notify you of the approval status. If approved, funds will typically be disbursed to your bank account within a short period.
Who can apply for a short-term loan in Sri Lanka?
Be a Sri Lankan citizen or resident.Be at least 20 years old. Have a steady source of income. Provide basic documents like your ID and proof of income.
How much money can I borrow?
The loan amount typically ranges from Rs. 10,000 to Rs. 100,000, depending on the lender and your eligibility.
How quickly can I get the money?
Most loans are processed within 10 minutes up to 48 hours, and funds are deposited directly into your bank account.
What documents are required to apply?
Basic documents required include your NIC, proof of income (such as a salary slip or bank statement), and your bank account details.
Are there any hidden fees?
No, all fees and charges are disclosed upfront. Make sure to carefully review the loan agreement before confirming.
What happens if I can’t repay on time?
If you’re unable to repay on time, you may be charged additional fees or interest. It’s best to contact your lender immediately to discuss repayment options.
Can I apply if I have a low credit score?
Yes, many loan providers in Sri Lanka offer loans even to individuals with low credit scores as long as you meet other eligibility criteria.
Is it safe to apply for a loan online?
Yes, the application process is secure. Reputable lenders use encryption and other security measures to protect your personal information.
Can I repay the loan early?
Yes, most lenders allow early repayment. Check with your lender if there are any additional fees for early closure.