Payday Loans Online: Top-8 Lenders from Rs2000 to Rs50000

Payday Loans, also known as cash advances up to Rs.50000 for your short-term cash needs ✓Apply online 24/7 ✓Quick lending decision in minutes

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

What is a Payday Loan?

Payday loans are fast becoming one of the most talked-about financial services around the globe. But many people don't fully understand what payday loans are and what they entail. Simply put, payday loans online are short-term loans granted by private financial institutions, generally for smaller amounts with minimal paperwork required. Due to this reason, quick payday loans are often a lifesaver for people who just need a little bit of money to tide them over until salary day arrives. Although most fast payday loans are very short-term (usually repayable once the customer receives his/her salary, hence the name “payday loan”) more and more institutions are offering longer repayment periods, stretching over a few months for maximum convenience for their customers.

Payday Loan

As fast payday loans online in Sri Lanka are quick, short term loans with minimal collateral and documentation required, the interest fee structures tend to be more rigid but also clearer and simpler. Usually, when a customer takes out a small payday loans, they are required to pay it back within a stipulated time frame with a fixed additional fee, which means the customer knows the exact amount that they need to repay and the exact date that they need to pay it back on. All the information is communicated to the customer prior to obtaining the easy cash payday loan which means that it is only after the customer has agreed to all the terms and conditions, that the loan credits to their account (after it has been processed).

TIP

Payday loans are sometimes harder to repay than a traditional loan, because the lender did not verify your ability to repay before lending you money

How to Get a Payday Loan Online

Getting an loan online is very easy. To do this, you will need to study the proposed conditions for a easy payday loans online from our partners and choose the most suitable for you. On our website, lending institutions offer instant lending services with various interest rates and repayment methods. For your immediate funding needs, you can explore options from the following:

  • Online loan providers
  • Local banks and financial institutions
  • Borrowing from friends and relatives
  • Peer to peer lending
  • Working two or more jobs

Payday Loan Requirements

Usually, lenders make the following demands:

  • The borrower must be over 18 or 21
  • The borrower must have a regular source of income
  • No need to provide pay slips or proof of income
  • Mobile phone number must be registered in the name of the borrower
  • Photo of your national ID.
  • Photo of yourself (even a selfie will do) and

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

Having received this information, the manager of the company will check it by calling you by phone and will give you a decision to issue a loan or not, having studied your credit history. If your credit history satisfies the company, then your application will be approved, and after a few hours, you will receive cash.

PayDay Loans in Sri Lanka

PayDay Loans Online in Sri Lanka

During the last few years, financial institutions (like us) have moved towards providing facilities to take out instant payday loans online. This revolutionised the entire payday loan industry as customers were able to apply and receive their required loan using their mobile phones without needing to visit any physical offices, often within just a few days. This facility granted thousands of people around the country with limited means to travel with access to quick short term loans.

Payday Cash Loans in Sri Lanka became very popular within a short period of time due to their convenience. Getting loans in Sri Lanka tends to be a long and tedious process, requiring numerous documents and letters. Once all the necessary paperwork has been submitted to a bank or other financial institution, it could take days or even weeks for the loan to get approved and credited to your account. The entire process favours those with high social standing, incomes and assets, and completely neglects those who just need a small amount, possibly for an emergency, which they can repay once they receive their monthly salary.

TIP

Payday loans generally have much higher rates of interest than personal loans and may hit you with hidden fees and charges

Quick loans are an ideal solution for those who find themselves urgently needing some quick cash but have not yet received a payment (either a salary, a customer’s payment etc.) and are unwilling to trouble their family and friends. In these situations, fast cash payday loans online are the best answer and there are many financial institutions offering loans in Sri Lanka.

When selecting a financial institution and requesting the loan, it is crucial for customers to carefully read through the terms and conditions of repayment so that they know what they are signing up for. All too often, the only customers who walk away from instant cash payday loans with an unhappy experience are those who did not read the terms and conditions before accepting them.

Benefits Payday Loans

The Benefits of Gost Finance Payday Loans

Accessible anytime, anywhere

Payday loan lenders usually operate online. Customers are able to log in to payday lender websites at any time of day at the convenience of their home or away.

Fast

Their entire process happens online, and has only a few steps during registration. Hence customers are able to finish their applications in a matter of minutes and if approved, the money is credited to their personal bank accounts in a matter of minutes.

No Collateral Required

When dealing with payday lenders, they ask you for no collaterals against the loans. Most often than not, customers who are in need of short term loans would not have collaterals to provide for, at this instance people choosing a payday lender will help them as they do not need to provide for any collaterals as security against the best online payday loans.

No Documents Required

The best part of payday loan lenders is that you do not have to provide any supporting documentation to your loan application. It's completely paperless and you do not have to submit any documents such as salary slips, income proof or address confirmation. The only documents you need to provide for is your National Identification Card, which also has to be only uploaded to the website.

Transparent

The most important part any customer should and is always looking for are the fees involved when taking a loan facility, from any company. Since most payday loan lenders operate online, they have made it a point where all fees and amounts are clearly listed through the website and registration process. i.e customers are aware how much they need to pay back along with their repayment dates.

In conclusion, payday loans are the best (and at time, the only) solution to getting out of an unexpected financial downturn without needing to borrow money from loved ones, provided you have taken the time to read and understand the terms and conditions. A leading payday loan vendor in the market is GostFinance can help you satisfy your emergency cash loan needs at an instant. Try them today.

KEY TAKEAWAYS

  • Payday loans - short-term, very-high-interest loans available to consumers.
  • A number of laws have been put in place over the years to regulate the high fees and interest rates with payday loans
  • Payday loans are typically based on how much you earn, and you usually have to provide a pay stub when applying for one

Payday Loans Online

Questions and answers: Payday Loans Online

❶ How to get a Cash Loans in Sri Lanka ❓

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 Payday Cash Loans Online in 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 24 Cash Loans Online now in 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 cash loans fast approval ❓

We need 50,000 rupees loan urgently! Ok! There are 2 options to receive money: online to credit card or a current account and cash at the branches of the company. Most lenders 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 Cash Loans Online in 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 Cash Loans ❓

There are 4 ways to repay a loan (payment methods):
  • 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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