Monigo.lkS F Group (Private) Limited · PV 00221752
190%max APR
- Loan amount
- Rs. 3,000–150,000
- Term
- 91–180 days
Instant loans in Sri Lanka
"Instant" describes how quickly the lender decides, not what the loan costs. Here is how fast each lender says it is, when it is open, and what the fastest loans cost.
Updated 2 October 2026
How instant is an instant loan?
These are the lenders’ own claims, taken from their websites. A decision is not the same as money in your account: after approval the transfer depends on your bank.
| Lender | Decision time (lender’s claim) | Service hours | Loan period |
|---|---|---|---|
| CashX.lk | 5 to 15 minutes | Every day, 8.30am – 5.30pm | 5–30 days |
| OnCredit.lk | Within 15 minutes | Applications accepted 24/7 | 5–30 days |
| LoanPlus.lk | Not stated | Monday – Saturday, 8am – 5pm | 5–30 days |
| Monigo.lk | A few minutes | Every day, 8.30am – 5.30pm | 91–180 days |
OnCredit.lk says on its site that the time the money takes to reach you "depends on your banking policies and procedures". Expect the same from any lender.
What the fastest loans cost
The quickest, shortest loans are also the most expensive. A 10-day loan costs about 2.2–2.3% a day. Over a year that is more than 800%, four times the rate of a three-month loan.
| Lender | Lender’s own example | Cost | Per year |
|---|---|---|---|
| Monigo.lk | Rs. 80,000 for 91 days | Rs. 38,000 | 190% APR (published) |
| CashX.lk | Rs. 10,000 for 10 days | Rs. 2,200 | About 803% (our calculation) |
| LoanPlus.lk | Rs. 10,000 for 10 days | Rs. 2,300 | About 840% (our calculation) |
| OnCredit.lk | No clear example | Service fee 1.2% or 1.8% | Not published |
None of the 30-day lenders publishes an APR, so the yearly figures are our calculation from each lender’s own example. Use the loan calculator for your own amount.
How to apply for an instant loan
- Choose your amount and period to see which lenders cover it and what it costs.
- Open the lender’s site and register with your National Identity Card and mobile number.
- Enter your bank account details. The account must be in your own name.
- Check the total repayable shown before you confirm.
- Wait for the decision. Once approved, the lender transfers the money to your bank account.
Instant loan, or something cheaper?
If you already hold a credit card or own gold jewellery, both are usually much cheaper than an online loan and just as quick. Our guide to an urgent cash loan today compares the four options side by side.
Lenders offering instant loans
You apply on the lender’s own site. Lenders are listed cheapest first.
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
Frequently asked questions
Which online loan is approved fastest in Sri Lanka?
By the lenders’ own claims, CashX.lk approves in 5 to 15 minutes and OnCredit.lk gives a decision within 15 minutes. These are the lenders’ statements; your own application may take longer.
Can I get an instant loan at night or at the weekend?
OnCredit.lk accepts applications 24/7. CashX.lk and Monigo.lk work every day from 8.30am to 5.30pm, and LoanPlus.lk works Monday to Saturday from 8am to 5pm.
Is a 0% instant loan really free?
OnCredit.lk advertises 0% for the first loan. Offers like this are for new customers only, and the normal fees apply from the second loan. Check the total repayable before you accept.
How much can I borrow instantly?
CashX.lk and LoanPlus.lk lend Rs. 5,000 to Rs. 300,000 for 5 to 30 days. OnCredit.lk lends Rs. 2,000 to Rs. 150,000, with a first loan of up to Rs. 50,000.
Used by borrowers across Sri Lanka
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