Quick Loan

You can get a Quick Loan in Sri Lanka at Low interest rates right now! Up to 50,000 rupees 💰 Large selection of offers without refusal!

We've all been in a situation where we really needed quick cash. The growing number of bills and personal debts forces us to borrow money from somewhere. Reducing income and rising cost of living makes you look for a quick loan of money, despite the fact that no one wants to take money on credit, but life circumstances may turn out so that you need access to a quick loan service.

Best Lenders for Quick Loan

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%)

Apply Now

0% for first loan
robocash

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%)

Apply Now!

0% for first loan
FastRupee

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

If you enter the phrase "How to get a quick loan in Sri Lanka" into a Google search, we will see a large number of cash loan options. But how do you make the right choice? Where to start?

Let us tell you in detail what you need to know if you urgently need a quick loan in Sri Lanka.

Where can I get a Quick Cash Loan?

Such concepts as "fast" and "credit" were considered an impossible combination to get money in debt. Such a service as "issuing loans" was exclusively for large banks and financial institutions. But time does not stand still and the economy has changed so that even the richest people in the world are ready to take out a loan to finance their business. Therefore, now ordinary people, like us, have many options for how to get a quick cash loan.

Let's look at the pros and cons of a quick loan, as well as what options you have to get a quick loan.

To borrow money from friends or family

To borrow money from friends or family

Pros

  • If you urgently need money, your friends will rarely say no,
  • Money can be borrowed without interest.
  • You can get money quickly if they have cash at home or go to the bank.
  • No need to collect a lot of documents and apply for a loan

Cons

  • In the absence of a written agreement, misunderstandings with relatives may arise
  • If you don't repay the quick cash loan on time, there is a possibility of ruining relationships with family or friends
  • The person who decides to lend you money may feel obligated.
  • All your relatives or friends will be aware of your financial problem.

Output

This type of loan, such as - Loan from friends or family, is suitable for a small amount, and also if you have no other solutions to the problem and have exhausted all options. We recommend that you draw up a written agreement with witnesses in order to avoid misunderstandings in the future.

Get a loan from the Bank

Get a loan from the Bank

Pros

  • A bank loan is the easiest way.
  • Banks are trustworthy and therefore making a loan is 100% safe
  • All your financial problems are known only to the bank
  • At the bank you can get a cash loan for a large amount of money

Cons

  • Long processing of a loan. The process may take several days.
  • A large number of documents that need to be collected in order to get a loan. These can be letters from employers and proof of property.
  • You need a loan guarantor who will take responsibility for repaying the loan if you fail to repay the loan on time.

Output

A bank loan is ideal for those who need a large amount of money. It can be a planned large purchase of a car or real estate, for business development, for medical services, or used to refinance a loan.

Credit cards

Credit cards

Pros

  • Applying for a credit card is quick and easy.
  • No need to carry cash. Money is always with you.
  • A credit card is the fastest way to pay for goods and services on credit
  • You don't have to pay interest if you use interest-free installments
  • Large loan amounts available

Cons

  • The temptation to spend more than you can afford.
  • Restrictions on some operations.
  • There may be limits on the amount of cash withdrawals.
  • Credit card fees and charges can be very high.

Output

Credit cards are fine for those who can use them wisely. Credit cards increase your purchasing power and create the illusion that you have more money than you actually do. Studies have shown that people are more active in spending funds from credit cards, while it is psychologically more difficult for people to “part” with cash or funds on debit cards. To avoid accumulating debt, try to pay your bill monthly.

Overdraft

Overdraft

Pros

  • no requirements for the intended use of the loan provided
  • loan funds are available at any time
  • you can withdraw cash and write checks
  • No annual fees. You pay only when you use credit
  • Overdraft interest rates are usually lower than credit cards

Cons

  • To use the Overdraft, you need to have a current bank account
  • The owner may eventually forget that he is spending credit

Output

Ideal for official payments or emergency cash withdrawals. It will also be convenient for those who are sure that they will soon receive a payment that will be able to repay their loan. Suitable for those who want to take a quick cash loan during a difficult period.

Loan from loan sharks

Loan from Loan Sharks

Pros

There is only one plus - you can quickly get a loan without any documents

Cons

  • Loan Sharks may not stick to the original contract and increase interest over time
  • If you do not return the money on time, they may resort to violent means of collecting cash
  • Your loan is illegal because you received unofficially

Output

Loan Sharks - suitable for those borrowers who have a bad credit history and urgently need money. We recommend avoiding this type of loan.

As you can see, all the options that we have ranked have their own nuances in obtaining a loan. Which type of loan to choose - decide for yourself. Our GostFinas service offers a wide range of different loan offers. You can easily find the best conditions, apply for a loan and get fast online cash loans with minimal documentation and proof of required assets

What are quick online cash loans?

What are quick online cash loans?

Fast online cash loans are lending services offered by private non-bank organizations through a website or mobile application. Recently, this type of lending has become very popular and the number of people who want to take a quick loan has increased dramatically.

  • What can I get? You can get up to 50,000 Rs. for 4 months or repay it earlier. You will be paying an equal sum each of those four months.
  • What documents do I need to have to apply? Only your NIC.
  • What are the requirements? You have to be employed and be of the age between 22 and 55 years old.

The loan amount is available from 1,000 rupees to 50,000 rupees for up to 120 days.

GostFinance offers to study all offers and apply for a quick cash loan. Our partners guarantee that money will be credited to their bank account within 30-60 minutes.

The benefits of Quick Online Loans in Sri Lanka

Let's look at the benefits of fast online loans:

Online process

Online process

The application process is completely online, giving you the speed to get paid in an hour or less. With just a few clicks, you can get your money now. You will only need to fulfill all the conditions of the loan.

Quick process

Quick process

The registration and application process is so easy and simple that any borrower or person with minimal experience in technology can complete it. You don't even have to contact support.

Guaranteed Reliability

Guaranteed Reliability

If you have a good credit history, then we will give you 100% that your loan application will be approved. Therefore, you can easily get a quick cash loan. If you have a bad credit history, then even this will not prevent you from taking a loan. Credit companies are more loyal to their borrowers than banks.

Ease of use

Ease of use

You can apply for a loan even at night. Fast online cash loans can be taken online online, which means you don't have to go anywhere and save your time. This solution will help you get a loan without leaving your home.

Privacy

Privacy

Because you are taking out a loan from a financial company, your privacy is guaranteed. None of your relatives or friends will know that you have financial problems and you have taken a loan.

How do quick online cash loans work?

Quick online loans are so-called unsecured loans. What does this mean?

Unsecured loans do not require you as the borrower to provide any proof of your assets or the guarantor of the loan. Credit companies look at your credit history to decide if you can get a loan or not. This is important because the lender takes on most of the risk. Also, the borrower can get approval for a loan, but not for a large amount. Only after the borrower repays his first loan, he can get the next loan with an increased limit and a reduced interest.

How to get a quick cash loan online

How to get a quick cash loan online?

The speed and ease of quick online cash loans will depend on many factors, but basically the process itself boils down to these steps:

1. Choosing a good loan company

Perhaps the most important step in determining the credibility of a lender can be taken by looking at customer reviews and checking how transparent they are in their dealings. You want to avoid any quick online loan provider that doesn't detail their terms and conditions openly. For example, OnCredit.lk not only invites its customers to familiarize themselves with the terms and conditions at several stages of the application process, but also offers them in several languages.

2. Apply online for a loan

In most cases, you will be required to provide your national identity card and a photo of yourself. You will need to carefully fill in all the fields in the questionnaire, which will contain your personal data and the required amount and term of the loan. You will also need your bank account, where the money will be transferred. The whole process is completely online, so the application can be submitted on the website or in the mobile application

3. Callback

After filling out the application, the loan officer will definitely call you back to verify the authenticity and accuracy of the data you specified in the application form.

4. Decision making on the application

Once the manager has verified all your personal data, the loan officer will be able to check your credit history and decide whether to approve or reject your loan. You will also definitely receive an SMS or email notifying you that your loan request has been approved or denied. With a positive decision, you will receive a quick cash loan to your bank account instantly.

Summary

A couple of years ago, getting a quick loan online in Sri Lanka was almost impossible. But technological innovations have helped make the process of applying for a loan online over the Internet simple and easy. If you need a quick cash loan, you have nothing to worry about. Our Gost.Finance service will provide many options for you to choose from. You just have to choose the terms of the loan that suits you and apply online. We are pleased to provide a service that will be highly appreciated by thousands of Sri Lankans and will help them solve all their financial difficulties.

FAQ - Quick Loan

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.