OnCredit: Quick Cash Loans

About OnCredit: Quick Cash Loans

OnCredit Is a 100% online cash loan service in Sri Lanka that offers fast options to get a loan. Our service is way different from a traditional loaning scheme of a traditional bank or a financial institute.

From applying for the loan, uploading documents to approval and receiving money, we do everything online with a paperless process enabling our clients to enjoy a super simple loan application process. Applying for a loan has never been easier before, as with OnCredit, you can apply and get approval for your loan within half an hour, maximum.

Benefits of using OnCredit

Paperless - There is no need to fill in documentation anymore, our application process is online
Minimum documentation required - We only need a valid NIC to be uploaded to our application
24/7 Service - Apply for your loan anytime anywhere. Even in the middle of the night
Fast Approvals – With OnCredit you can receive the money within 15 to 30 minutes upon loan approval
Flexible - Offering flexibility in time to pay your loan back
Transparency - You get complete transparency throughout the process and you will know how much to pay exactly when obtaining a loan

You can get a quick cash loan from OnCredit in simple 6 steps and have money in your Bank account instantly.

All you need is:
To enter your personal information on the online application
Upload your NIC & Selfie
Add your Bank details

And that's about it!

Borrowing Limit : From: Rs. 15,000/- To: Rs. 40,000/-
Minimum loan repayment period: 121 days including loan extension
Maximum loan repayment period: 183 days including loan extension
Minimum Annual Percentage Ratio (APR) Including shares: 16%
Maximum Annual Percentage Ratio (APR) excluding shares: 192%
The standard rate can be reduced for the average customer.
Minimum age to get a loan is 18 years

To apply with lowest interest rate, please find the example below:
If you get a loan for Rs. 6000.00 to pay within 121 days, your total payable amount will be Rs. 6312.00 for 121 days. You will have to pay Rs. 78.00 per month. The sample is calculated to apply at an annual interest rate of 16%.

To apply with higher interest rate, please find the example below:
If you get a loan for Rs. 15000.00 to pay within 183 days, your total payable amount will be Rs. 29400.00 for 183 days. You will have to pay Rs. 2400.00 per month. The sample is calculated with an annual interest rate of 192%.