Finance Companies of Sri Lanka

Gost Finance - Best Lenders of Sri Lanka ➤ Choose the Best Loan conditions among Authorized Financial Institutions and Apply!

To solve the problem, some people turn to relatives for help, others seek financial help from Finance Companies. Our service will help you decide on the best loan. All you need to do is study all the terms and conditions on this page from credit institutions and apply online. And then you can get the money in 30 minutes. Compare the terms of lending companies and apply for the best offer! more

Loan Amount

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Loan Period

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Actuality of Information: 21.09.2022 10:00
Information about the rates and conditions for a loan from a Sri Lanka Lenders is provided by the credit companies and banks or taken from public sources. Please check the terms and rates by calling the branches of the bank or credit company. Their help desk can get you the answers you need.

💡 We recommend to complete the Maximum Number of applications, then you will increase your Chance to receive a Loan up to 100% ✅

Lotus Loan Sri Lanka ᐈ Online Loan 40000 LKR
★★★★★ 4.89

payable

15150 Rs.

loan amount

15000 Rs.

commission

450Rs. 150 Rs.

first credit

1500-to40000 Rs.

re-loan

40000 Rs.

term

1-to180 days

rate

0.03 %
First Loan 0.01% Apply now Details
annual rate (APR)
from 3.5 to 12%
max. term
to 180 days
age
22-55 age
first loan
to 0.01%/day
repeated loan
to 0,03%/day
The loan is calculated as follows:

30000 Rs. + 122 days + 18274 Rs. [Interest rate] = 48274 Rs. [settlement amount]

Loan amount: Rs. 30.000; Loan period: 122 days; Consulting fee: Rs. 3.600; Service fee: Rs. 13.920; Interest rate (12%/year): Rs. 754; Total payment: Rs. 48.274

Contacts:
Zephyr Solutions (Private) Limited Sri Lanka
address: 7, 1/1 Cotta Terrace, Colombo 00800
phone numbers: 0 117 821444
e-mail: info@lotus.loan
max APR: 12%
term: from 4 to 6 months
age range: 22-55
Pros:
+ Takes not more than a day to get the money in your account
+ You always know how much you need to repay
+ Fully online process for you so that you can get money without extra travel and hassle
+ Support via Facebook, WhatsApp and phone
Cons:
- Support is not available: chat on the official website
Robocash Sri Lanka ᐈ Free Loan up to Rs.25000 for new client!
★★★★★ 4.83

payable

15150 Rs.

loan amount

15000 Rs.

commission

1950Rs. 150 Rs.

first credit

5000-to25000 Rs.

re-loan

60000 Rs.

term

1-to180 days

rate

0.13 %
First Loan 0.01% Apply now Details
LoanMe - Get loans up to Rs.40000 in just 15 minutes
★★★★☆ 4.42

payable

15150 Rs.

loan amount

15000 Rs.

commission

600Rs. 150 Rs.

first credit

5000-to40000 Rs.

re-loan

40000 Rs.

term

1-to180 days

rate

0.04 %
First Loan 0.01% Apply now Details
Fastrupee ᐈ Loan Online up to Rs.50000
★★★★★ 4.6

payable

15150 Rs.

loan amount

15000 Rs.

commission

600Rs. 150 Rs.

first credit

1000-to15000 Rs.

re-loan

50000 Rs.

term

1-to180 days

rate

0.04 %
First Loan 0.01% Apply now Details

How to choose the right Financial Company?

Authorized Financial Institutions - Getting a Loan Online!

Gost Finance offers the best loans in Sri Lanka to get an online loan. Choose the best loan conditions among credit companies and apply.

Each person may have an urgent need to buy household appliances, make a nice gift, renovate the apartment or go on vacation. But at the same time, often there is not enough money to satisfy such a need, and then many people apply for financial help What should we focus on to avoid the traps set by banks that push us into unbearable financial obligations?

To solve the problem, some people turn to relatives for help, others apply for a bank loan, and the third category of people seek help from Financial Companies. Each of the options has its pros and cons.

The main advantage of the first option is that it is free. After all, friends or relatives will not lend money at interest. But at the same time, they may not have the necessary amount of money in a limited time.

How to choose the right MFI

The second option is a bank. The bank always has the opportunity to provide financial assistance, but not every client of the bank receives it. A potential borrower will have to provide a large number of documents and certificates and explain for what purpose he needs money. Also, the bank will ask what the official earnings are to be sure that the borrower will be able to repay his debt. But even if all the requirements of the bank are met, a loan may be denied without explaining the reasons for such a decision.

The third option is a loan from Financial Companies. Such loans are not cheap, but they are issued simply and quickly. But at the same time, in Financial Companies, a loan can be obtained free of charge thanks to the offer of a loan at 0.01% for new customers. When choosing a profitable loan offer, it is important to choose carefully, paying attention to a number of points. This warning will allow you to avoid unnecessary costs and inconvenience in the future. Below we will consider 5 recommendations for choosing an Microfinance Institution (MFIs), which will be useful to consider when choosing a lender.

Reliability of the company comes first

Reliability of the company comes first

Thanks to the development of the microcredit market, many Financial Companies are ready to provide fast loans today. Of these, some lenders are reliable companies that have been operating in this industry for a relatively long time and provide open and transparent conditions for loans. But in addition to such lenders, there are also scammers on the market who can use the data of borrowers for their own selfish purposes. In order not to make a mistake with the Lenders, and not fall for scammers, you need to make inquiries about the company, find out how long it has been operating, read the reviews of real customers.

Choose an MFI with a branch network

Choose an MFI with a branch network

The main advantage of MFIs is that loans are issued quickly and without unnecessary worries. The easiest way to get a loan is through an online lending service. To do this, you need to register in the service, select a company and fill out an application for a loan, indicating the details of your documents and the details of a bank card, to which the borrowed funds will be received as a result of the loan.

However, each borrower may have a reason to visit an Microfinance Institutions branch to apply for a cash loan, to pay off a debt in cash, or to resolve an issue on a issued loan. It is more convenient when the company has a network of branches around the city.

Detailed study of penalties

Detailed study of penalties

Even disciplined borrowers can make mistakes and overdue loans. After all, a delay can occur due to making a payment on the eve of the expiration of the payment period and delaying financial transactions for several days due to technical reasons (weekends, holidays, etc.).

Without any doubt, payment of a fine for overdue loans is provided for everyone. But it is better to choose those MFIs that are more loyal to their clients. In order not to overpay for a loan, it is important to carefully read the text of the loan agreement and pay attention to the amount of fines and cases of their accrual. It is important to pay attention not only to the main text of the contract, but also to links and notes in the contracts written in small print - they can store important information.

Learn about hidden fees and commissions

Learn about hidden fees and commissions

Some Lenders, like banking institutions, provide loans with hidden fees and commissions. So for the borrower it becomes an extremely unpleasant surprise that the amount of the loan planned for the advertising offer turns out to be significantly less than the actual amount required for payment. As a result of clarifying the situation, it becomes known that the loan agreement provides for the accrual of a one-time commission when applying for a loan, a monthly commission for servicing it, etc.

In order not to become a hostage of such a situation, contact the company's consultant for information on the effective loan rate, which includes all payments and commissions. And to guarantee the exclusion of unpleasant surprises, you need to choose proven MFIs that work honestly and transparently without hidden fees.

Learn about the terms of the first loan

Learn about the terms of the first loan

Many MFIs are vocal about offering a free first loan. At the same time, such a loan has its own nuances. So, if there is a delay on the loan, then the rate of 0.01% per day can turn into a rate of 1-5% for each day of using the loan. Such conditions are prescribed in the text of the loan agreement, which many borrowers do not pay attention to. As a result, Rs.20,000 taken at 0% with a delay of even one day can turn into Rs.30,000. Also, unexpected commissions can wait for the borrower if he wants to repay the loan ahead of schedule to save on interest.

In order not to become a hostage of such a situation, it is necessary to carefully read the loan agreement before signing it, regardless of the type of its execution (online or in paper form). Time to familiarize yourself with the terms of the contract is unlimited, so it is important to slowly weigh the pros and cons. It is best to choose MFIs that provide contracts on simple and understandable terms, and without "pitfalls".

A loan from an Microfinance Institution or a bank

A loan from an Finance Companies or a bank: when is it profitable?

In today's realities of life, people's attitudes towards loans from MFIs and credit cards have changed dramatically. Indeed, if in certain cases it is correct to use these services, they will help not only solve financial difficulties, but also save money.

In order not to waste time looking for an alternative solution in case of financial difficulties, it will be useful for everyone to find out in which cases it is profitable to apply for a loan from an MFI, and when it is better to apply for a loan from a bank.

When is the best time to apply for a bank loan?

You can apply for a loan to a bank, as well as to an MFI, both during a live visit and online. The procedure for obtaining a loan occurs by filling out an application for a loan via the Internet with further receipt of a loan on a card. The list of requirements for the borrower, which are set by the bank, depends on the policy of the financial institution and on the amount of the loan. So, applying for a loan to a bank can be justified under such circumstances:

  • A large amount of credit is required for a long period.
  • To solve a financial issue, there is a reserve of time to collect documents for a loan and fulfill the requirements of the bank.
  • High credit rating, positive credit history, confidence in loan approval.

When is the best time to apply for a loan from an Lenders?

In situations where delay in resolving a loan issue is more expensive than a quick solution to financial problems, a loan from an MFI becomes an alternative. Today, in the face of fierce competition, most Financial Companies offer discounts on loan interest, promotional codes, promotional offers, lower interest on the first loan, which allows borrowers to make the overpayment on the loan lower than with bank lending. Thus, it is more profitable to apply for a loan at an MFI when:

  • I need a small loan for a short period of time. Banks do not issue loans for several days, so there is no other alternative for the borrower.
  • Urgent need for money: you need to resolve the issue of finding money within a day or a few hours.
  • There are problems with a credit history, there are outstanding loans or debts to a bank that has unbearable monthly payments.

Loans in banks and Financial Companies differ from each other, but at the same time, both lending options are similar to each other. So, with both lending options, the borrower formally draws up a loan agreement, and is responsible for fulfilling obligations under the agreement in full. Therefore, regardless of which option the borrower chooses, before signing the contract, it is important to carefully study the terms of the loan on the date of its execution. It is possible to use the current promotional offer, which will significantly save money when lending.

What do you need for an online loan?

What do you need for an online loan?

An online loan is something you can apply for online through our online application form. If you have approved a loan, it can be transferred to your bank account on the same business day. The quick cash loans we provide are unsecured (i.e. you do not need to pledge an asset as collateral if you default on your cash loan obligations or default on your payments) and have the ability to take out a loan ranging from Rs.1000 to Rs.100000. Applying for a cash loan online is quick and easy. We encourage you to take the time to learn more about the borrowing process, how we work here at Gost Finance, and our qualifications.

Once you have applied for a cash loan online, we will notify you of our decision, and if you approve, we will transfer your cash loan to your bank account; Therefore, you can get the money you need on the same business day.

What can I use a cash loan for?

What can I use a cash loan for?

As stated earlier, our cash loans are designed and intended to be a form of timely borrowing, with repayment structures set up so that the entire amount borrowed, including accrued interest, can be repaid in a short period of time. These refund structures, with our available checks, can help you in an emergency.

Below, we list some of the most popular reasons for people to get a quick cash loan from us at Gost Finance:

  • Repair emergency housing
  • To fund emergency dental work, such as repairing an accidentally broken or broken tooth or teeth
  • Pay a bigger or bigger bill than you expected

Our quick cash loan is not a long term solution to our financial problems. If your paycheck for a given month is not long enough to cover the expenses you need your cash loan, a quick cash option may be a viable option. However, if you do not feel that cash loan is the right choice for you, we encourage you to learn more about cash borrowing options.

How to apply for a personal loan?

The process of applying for a loan through our Gost Finance service is simple and straightforward. All you need to do is choose a loan company, then visit their official website and complete the online application and enter all your details correctly. Managers will review your application and make a decision on the loan. Remember that you must give guarantees that you will be able to repay your loans and interest on time and without problems. You will be contacted by email or phone once a decision has been made on your loan.

How fast do you have to pay back a loan?

The repayment details for our cash loans vary and depend on the loan terms. Most lenders provide repayment terms between one months and seven years. Both your interest rate and monthly payment will be impacted by the length of the loan you choose. When using our instant cash loan, it is important to note that you will need to pay interest and you will have to pay a certain amount on certain dates, so plan your monthly budget accordingly. Finance Companies: Lotus Loan, FastRupee, OnCredit, Loanme, CashX, Robocash and more.

Questions and answers: Finance Companies of Sri Lanka

Questions and answers: Finance Companies of Sri Lanka

❶ How to get a loan from Financial Companies ❓

Review all offers. Choose the best option among the presented credit institutions. Register on the website of the financial company and fill in the information in the fields of the questionnaire. Then agree to the terms of the Agreement and the Rules for granting a loan. After submitting the application, within 1-15 minutes you will receive an SMS message to the phone number and/or e-mail specified by you during registration, where you will be informed whether your application has been approved or rejected. Also, the status of the application can be seen in the Personal Account. If the loan is approved, the money will be transferred to the bank card you specified. Feel free to send applications for several proposals that interest you.

❷ How much money is available on credit in Lenders of Sri Lanka ❓

Loan amount in credit organizations is available from Rs.1000 to Rs.60000 for up to 180 days. At the first application, the loan amount does not exceed Rs.30,000. at a rate of 0.01% per day. The loan amount in Sri Lanks banks is available from 1000LKR to 100000 LKR. at a rate of 0.12% per day.

❸ Who can get a loan from an MFIs Sri Lanka ❓

You can get a loan from any credit company if all conditions are met: You are over 18 years old; You are a citizen of Sri Lanks; You have a bank card or a current account in a Sri Lanks bank; Your mobile phone number is working; You have registered on the site.

❹ How can I get money in Sri Lanka ❓

There are 2 options to receive money: online to credit card or a current account and cash at the branches of the company. Most MFIs offer money transfer to your bank card, but if you need cash, you can always withdraw money from any ATM.

❺ What documents are needed to apply for a loan at an MFIs of Sri Lanka ❓

The set of documents for applying for a loan online is minimal. You will need: Holder of a valid Sri Lankan mobile phone number; Holder of a valid Sri Lankan national identity card; Sri Lankan Citizenship or permanent residency; Holder of a valid Sri Lankan bank account.

❻ How to repay and repay a loan in an Finance Companies of Sri Lanka ❓

There are 4 ways to repay a loan:
  • on the company's website using a bank card (Visa/MasterCard) 24/7
  • ou can repay through Online card payment method. It’s safety, quickly and easy and also without any commission
  • Bank deposit. Using your internet bank or by ATM/CDM machines
  • Cargills Food City
  • Pay&Go kiosks

Disclosure of financial products and services

The following is all the contact information about all the presented credit companies in Sri Lanka on our website. The information includes the name of the Financial Institutions, address, phone number, email address, details of the registration certificate of the organization, the presence of a license from the National Financial Services Commission, min / max loan term, annual percentage and an example of calculating the cost of the loan.

Lotus Loan

Zephyr Solutions (Private) Limited Sri Lanka
address: 7, 1/1 Cotta Terrace, Colombo 00800
phone numbers: 0 117 821444
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
max APR: 240%
term: from 3 to 6 months
age range: 22-55

CashX

Consulting Services (Private) Limited
address: No 422/3, Galle Road, Colombo 03
phone numbers: +94 117 562 756
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
max APR: 216%
term: from 10 to 30 days
age range: 20-60

LoanMe

Fintechh Software Solutions Limited
address: N#321, Galle Road, Colombo 03
phone numbers: +94 117 877 555
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
max APR: 230%
term: from 3 to 6 months
age range: 22-55

Cashwagon

Lendtech Lanka
address: 241, Dudley Senanayake Mawatha, Colombo 08
phone numbers: +94 117 463 100
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
max APR: 360%
term: from 3 to 6 months
age range: 20-60

FastRupee

FastRupee (Private) Limited
address: Access Towers, Union Place, Colombo 02
phone numbers: +94 117 749 444
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
max APR: 365%
term: from 3 to 6 months
age range: 20-60

RoboCash

Rapidlend (Private) Limited
address: No.04 Geethanjalee Place, Level 5, Colombo 03
phone numbers: +94 112 208 220
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
max APR: 220%
term: from 3 to 6 months
age range: 20-55

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