OnCredit.lk Review

No APR published. OnCredit.lk lists a service fee of 1.2% for a first loan and 1.8% for repeat loans, but does not state an APR. Its loan calculator shows the total repayment before you confirm. Check that total before you borrow.

Basic information

Loan amount: Rs. 2,000 – 150,000
Term: 5 – 30 days
First loan: Up to Rs. 50,000
Cost: APR not published
Fees: Service fee of 1.2% on a first loan and 1.8% on repeat loans; 0% advertised for the first loan
Age: 18+
What you need: NIC or driving licence, an active bank account and a regular income
Service hours: Applications accepted 24/7
Decision time: OnCredit says a decision can come within 15 minutes

Pros and cons

Pros

No collateral or guarantor required
Applications accepted around the clock
Registered company in Sri Lanka (PV00232746)

Cons

No APR is published, so the yearly cost cannot be compared
Short terms, 30 days at most
A first loan is limited to Rs. 50,000

How to apply

Go to OnCredit.lk
Choose your loan amount and repayment period
Register with your National Identity Card and bank account details
Check the total repayable shown before you confirm
After approval, the lender transfers the money to your bank account

Apply with OnCredit.lk

For information only. LoanLanka is not a lender.

What the app listing says

OnCredit.lk’s Google Play listing gives different figures from its website. As of 14 October 2026, the listing says:

APR 16%–192%
Loans of Rs. 15,000–40,000
Repayment over 121–183 days
Its highest-cost example: Rs. 15,000 over 183 days at 192% APR, Rs. 29,400 to repay

Check the total repayable shown in the app or on the website before you accept a loan. See the Google Play listing.

Contact and repayment

Phone: +94 11 7811 555
Service hours: Applications accepted 24/7
How to repay: Use the repayment options on OnCredit’s loan repayment page. The service charge is counted for each day until the loan is fully repaid, so repaying early costs less.
Official repayment page: oncredit.lk/en/loan-repayment

Only pay through the lender’s own website, app or the payment options it lists. Scammers pretend to be lenders and ask for payment to other accounts.

Company details

Company name: OnCredit (Private) Limited
Registration number: PV00232746
Address: No. 106, Dharmapala Mawatha, Colombo 07
Phone: +94 11 7811 555

Frequently asked questions

What does a OnCredit.lk loan really cost?

OnCredit.lk does not publish an APR. It lists a service fee of 1.2% for a first loan and 1.8% for repeat loans. Check the total in its loan calculator before you confirm.

Is OnCredit.lk a registered company?

Yes. OnCredit.lk is operated by OnCredit (Private) Limited, company registration number PV00232746. Company registration is not the same as a Central Bank of Sri Lanka licence.

How long do I have to repay a OnCredit.lk loan?

OnCredit.lk lends for 5 to 30 days. If you need longer, Monigo.lk lends for 91 to 180 days at a published APR of 190%.