Monigo.lkS F Group (Private) Limited · PV 00221752
190%max APR
- Loan amount
- Rs. 3,000–150,000
- Term
- 91–180 days
Online Loan Sri Lanka
Online loan in Sri Lanka
apply online today
Choose the amount you need, see what it really costs, and apply with one of our partner lenders.
How much do you need?Free to use
2,000300,000
5180
Repay by
Example total to repay
The example uses the cheapest partner lender that covers your amount and period, at its published rate. Your lender sets the final amount. LoanLanka is not a lender.
- Rs. 2,000 – 300,000 over 5 to 180 days
- The full cost shown before you apply
- You apply on the lender’s own site — we never ask for your bank details
Loans are provided by our partner lenders
Why LoanLanka
A simpler way to get an online loan
Four lenders, one place
Monigo, CashX, LoanPlus and OnCredit side by side, so you do not have to search four sites to compare.
The cost up front
We show the APR and the total you repay before you leave this site.
Free, with no sign-up
No account and no fee to us. We do not collect your NIC or bank details.
Checked against the source
Every rate is taken from the lender’s own published disclosure and shown with the date we verified it.
How it works
Get an online loan in three steps
Choose your amount
Set the amount and the repayment period. You see an example of the total cost straight away.
Pick a lender
We show the partner lenders that cover your amount and period, with their APR where we have verified it.
Apply on the lender’s site
Fill in the lender’s short form with your NIC and bank account. The lender makes the decision and pays the money into your account.
Eligibility
Who can apply for an online loan?
- AgeFrom 18, 19 or 20 depending on the lender, usually up to 60.
- CitizenshipSri Lankan citizen with a valid National Identity Card.
- IncomeA stable monthly income.
- Bank accountAn active bank account in your own name.
- Mobile phoneAn active mobile number.
Have these ready
- National Identity Card
- Bank account details
- Your mobile phone
- A clear selfie photo
Most online loans need no guarantor.
Apply nowOctober 2026
Our partner lenders
Ordered by cost, cheapest first, not by the fee we earn.
Rates last checked 2 October 2026
CashX.lkA V Business Solutions (Private) Limited · PV00211145
≈803%a year · 2.2% a day (our calculation)
- Loan amount
- Rs. 5,000–300,000
- Term
- 5–30 days
LoanPlus.lkAIS IT Consulting Services (Private) Limited · PV00215063
≈840%a year · 2.3% a day (our calculation)
- Loan amount
- Rs. 5,000–300,000
- Term
- 5–30 days
OnCredit.lkOnCredit (Private) Limited · PV00232746
APR not published
- Loan amount
- Rs. 2,000–150,000
- Term
- 5–30 days
The real cost
What an online loan really costs
Online loans are fast, but they are the most expensive way to borrow in Sri Lanka, and the shorter the loan, the higher the rate: a 10-day loan costs about 2.2–2.3% a day, which is over 800% a year. If you can wait a few days, a bank personal loan or a gold loan costs far less.
What "0% first loan" actually means. It is a promotion for new customers only. From your second loan the maximum APR applies. Check the total repayable amount before you borrow.
Representative example — from Monigo’s own disclosure
- Loan amount
- Rs. 80,000
- Term
- 91 days
- Annual percentage rate
- 190%
- Total repayable
- Rs. 118,000
- Cost of credit
- Rs. 38,000
A 10-day loan — from CashX’s own site
- Loan amount
- Rs. 10,000
- Term
- 10 days
- Total repayable
- Rs. 12,200
- Cost of credit
- Rs. 2,200
- Yearly equivalent (our calculation)
- ≈803%
Borrow safely
How to tell a genuine online lender from a scam
Four checks to make before you give anyone your NIC or bank details.
Check who the lender is
A genuine lender publishes its company name, registration number and address. Our lender reviews list them.
Never pay a fee up front
Be wary of anyone who asks for a "processing fee" before the loan is paid out.
Read the total cost
Check the total you will repay and the late-payment charges before you accept.
Protect your phone data
Avoid loan apps that ask for access to your contacts or photos.
Other ways to borrow
An online loan is not always the right choice. Compare it with these.
Online loans
Approved in minutes. Short terms, high APR.
Bank personal loans
Lower rates, longer terms, more paperwork.
Gold loans and pawning
Priced by weight. Banks and licensed pawnbrokers.
Vehicle leasing
Cars, motorcycles and three-wheelers.
Business loans
SME lending and government subsidised schemes.
Credit cards
Capped at 28% a year by CBSL. Far cheaper than an online loan.
CRIB report
How to obtain and read your credit report.
Loan calculator
Work out the total cost of any loan from its APR.
Gold loan and pawning branches near you
Licensed lender branches in every district, with addresses and phone numbers.
Western ProvinceCentral ProvinceSouthern ProvinceNorthern ProvinceEastern ProvinceNorth Western ProvinceNorth Central ProvinceUva ProvinceSabaragamuwa ProvinceAll 25 districts →
Online loan guides
Short, factual guides to the questions people ask before they borrow.
Urgent cash loan today
How fast online lenders pay out, and what it costs.
Instant loans
Decision times and service hours for each lender.
Loans without documents
What "NIC only" really means, lender by lender.
Online loan apps
Which lenders have an app, and how to spot an unsafe one.
Gold loan and pawning rates
Six lenders’ published rates and advances per sovereign.
Loan calculators
Monthly instalments, gold loan amounts and online loan costs.
Frequently asked questions
Online loans in Sri Lanka: what you need to know
Is LoanLanka a lender?
No. LoanLanka is a free service that helps you choose an online loan. The loan itself comes from a partner lender — Monigo.lk, CashX.lk, LoanPlus.lk or OnCredit.lk — and you complete the application on their site. We may receive a referral fee from the lender. It does not change what you pay.
How do I apply for an online loan in Sri Lanka?
Choose your amount and repayment period, pick a lender, and complete the lender’s online application. Have your NIC, bank statements and a selfie ready. Before you apply, compare the APR and the total repayable on LoanLanka.com.
How fast will I get the money?
The lender makes the decision. Most lenders give a decision within anywhere from ten minutes to one working day during service hours, and transfer the money to your bank account after approval.
How much can I borrow?
Our partner lenders lend from Rs. 2,000 to Rs. 300,000. Monigo.lk lends Rs. 3,000–150,000 over 91–180 days. CashX.lk and LoanPlus.lk lend Rs. 5,000–300,000 over 5–30 days, and OnCredit.lk lends Rs. 2,000–150,000 for up to 30 days.
Why is the APR on Sri Lankan online loans so high?
APR (Annual Percentage Rate) converts the loan cost to a yearly rate. Online loans are short-term, so the APR appears high: a 45% fee over 91 days equals 190% APR. The actual fee you pay is lower than the APR figure, but APR is the standard international way to compare loans.
What is the difference between an online loan and a bank loan?
Online loans: from 190% APR on a three-month loan to over 800% a year on a 10-day loan, easy application, fast disbursement. Bank personal loans: APR 15–25%, more documentation, 5–14 days to process. Online loans suit urgent short-term needs; bank loans suit planned, longer-term borrowing.
Can I get an online loan with a bad CRIB record?
Some online lenders are more flexible than banks, but your credit history is still considered. It is worth checking your CRIB report before you apply.
Can I repay an online loan early?
Most lenders allow early repayment, though some charge for it. Check the lender’s terms and conditions before you accept the loan.
Do online lenders in Sri Lanka need a CBSL licence?
In Sri Lanka, a moneylender that does not accept deposits is not required to hold a CBSL licence. Online lenders therefore operate outside the CBSL regulatory framework, and the consumer protections and interest rate ceilings that apply to banks and licensed finance companies do not apply. Borrow only what you can comfortably repay.
Used by borrowers across Sri Lanka
Apply for your online loan today
Choose your amount, see the cost, and apply with a partner lender.
Apply now