Where in Sri Lanka to Quickly Borrow Money Until Payday?

No matter how big your salary is and no matter how much you can achieve in your career, the sad reality of our lives is that your salary will never be enough to cover your monthly expenses. And you may need a payday loan.

Quickly Borrow Money Until Payday - Best Lenders of Sri Lanka

0% for first loan
Lotus Loan

Lotus Loan to Rs.40 000

Loan Amount 10000 - 40000 Rs.
Loan period 10 days to 122 days
Interest Rate 0.01 to 1% per day (max APR 12%)

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0% for first loan

RoboCash to Rs.25 000

Loan Amount 5000 - 25000 Rs.
Loan period 120 days to 180 days
Interest Rate 0.01 to 1% per day (max APR 180%)

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0% for first loan

FastRupee to Rs.50 000

Loan Amount 3000 - 50000 Rs.
Loan period 1 days to 180 days
Interest Rate 0.01 to 1% per day (max APR 365%)

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What is the loan term?

  • Minimum loan term: 122 days
  • Maximum loan term: 122 days for first loan
  • Maximum loan term: 182 days for repeat loan

The loan is calculated as follows

  • 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

Am I eligible for a loan?

You are eligible to apply for a loan if you are:
  • A citizen of Sri Lanka
  • Residing in Sri Lanka
  • Between the ages of 20 to 65 years old
  • Currently employed or generating a steady income

This is true whether you support a family or are completely independent. As your salary increases along with your career, so do your lifestyle and spending habits. You may have purchased a car and need to set aside cash for significant upkeep. Perhaps you used to dine at ordinary roadside eateries, but now you have moved to 5-star hotels.

With all these expenses, managing finances becomes really tricky and a sudden large expense might come as a nasty surprise. When faced with that kind of situation, where you desperately need a few thousand rupees or so perhaps to settle an overdue bill or to pay off an unexpected medical emergency, an easy way to borrow money fast is a welcome lifeline. Here are a few options where you can turn to when you need to borrow money fast.

Options to Borrow Money

Borrow Cash from Friends and Family

Your friends and family are always there to lend a helping hand, often with no interest needed when paying back. If you are in a crisis of any sort, these are the people you should turn to first. However, relying on friends and family just once or twice is passable - but when you constantly find yourself needing to borrow cash fast or when the amount required is very large, it is not feasible to ask them for help. Almost everyone is financially unstable these days and it is unfair to expect your loved ones to put themselves in discomfort for your benefit.

Take a Bank Loan

The most traditional way to borrow cash, bank loans, will provide you with large sums of money at reasonable interest to be paid back over the course of a few years. That being said, bank loans are your worst choice when you need to borrow cash fast. Applying for and receiving a bank loan can take weeks with long-term repayment plans. Getting a bank loan is tying yourself to a long-term financial commitment which is very risky in today’s volatile economic conditions.

Credit Cards

Credit cards are also one of the easiest and used forms of credit when you have a need. Unlike other forms of credit, credit cards are usually set with a limit on which you can spend. Customers who have a credit card usually are given a period of 21 days to 51 days to settle their balance outstanding on that credit cycle without any additional fee. The drawback of having a credit card is that you are most likely tempted to spend more knowing you have a credit line. What is even more interesting is that credit cards are often filled with many offers that are tempting to spend. What users should keep in mind is that if you fail to meet a payment during the stipulated time period, you will be charged a late payment fee which usually ranges from Rs. 500 to Rs. 1000 depending on your card provider, plus additional interest on the balance remaining.


If you have excessive savings, a good history with the bank and also have a current account with a good history you can always speak to the Bank and request for an overdraft. An overdraft is usually an extension of credit from a bank or a financial institution. This facility allows the customer to withdraw money or request for money from their Bank account even if they have no funds or insufficient funds to the withdrawal. The way the concept works is that you won't  be charged a penalty or interest but just an overdraft fee. The way these institutions recover this money is that they hold the funds that the customer owes upon deposit by the customer.

Borrow Cash Online

When you need to borrow cash fast, payday loans are your best bet. Services like GostFinance allow you to borrow cash online where you can apply for and receive cash within just a few hours with minimal documentation required. To make things even better, we offer short term loans that need to be repaid over just a few months with each paycheck so it’s a very short-term financial commitment, meaning you’d be free from debt within a few months (unlike the many years that a bank loan would tie you to). These kinds of services are ideal whenever you need to just borrow money until payday comes along.

Depending on the nature of your money requirement, one of the above options would work. But is it highly advisable for you to inquire and research about differences and benefits you may draw from these options along with the possible risks you might face if you go ahead with one of these options. If you are interested in the third option to borrow money until payday, you could visit Gost.Finance Sri Lanka and apply for a payday loan today. The concept of lending falls under the online loan concept that is more fast, secure and convenient for users where customers can obtain loan facilities until payday.

FAQ - Quickly Borrow Money Until Payday

How do I get the money

You will receive the money into your bank account that you provided in the application form. Once we transfer the money we will inform you with an SMS.

What can I use the money for❓

It’s up to you how to spend this money. We are helping you with any plan you have in mind to improve your life or to resolve a problem.

Any prerequisites before applying for a loan❓

You won’t need to submit any personal documents. Just have the following details ready when you apply: Personal Information; Your bank account details.

How long does it take to receive the money from the loan application❓

Generally, once your loan is approved upon verification, within 2 hours your money will be credited to your Bank account provided in the application process.

When is my loan due❓

You can check when your loan is due during the application process, or upon approval you will receive an email with the agreement attached which will state the loan due date. If you are still in trouble finding it, you may reach us through our general line or general email for details.