FAQS

Online loans are a type of loan that can be applied for and managed entirely through the internet, without the need for in-person meetings with a lender. The loan application, management, and repayment processes can all be completed through a lender's website or mobile application. These loans are typically unsecured and offer flexible repayment options, making them a popular choice for individuals seeking quick access to funds.

Online loans offer several advantages such as fast application processing, convenience, ease of use, quick approval and quick access to funds.

The maximum loan you can get from an online loan company in Sri Lanka can vary from one company to another, but it usually varies between Rs 2000 and Rs 120000.

Requirements vary from lender to lender, but generally require at least 20 years of age, permanent address in Sri Lanka and regular income.

The typical loan term for an online loan can vary, but is usually 62 days to 1 year.

The most common costs associated with online loans are interest and loan administration fees.

Many online loan companies offer loans that can be obtained within 15 minutes. However, the term of the loan may vary depending on the lender.

The accuracy of the information is important in the online loan application. In general, personal information, income and work history and bank information must be given in the application.

The repayment terms for online loans vary depending on the lender, but they usually include a monthly payment plan that is agreed upon when applying for the loan.

If you can't repay your online loan, the lender can apply late interest, collection costs and take legal action.

You have various options to repay the loan, including using Internet banking, accessing your customer profile on the lender's website, or repaying at a bank branch.

Yes, most online loan companies offer the option to cancel an application before it is approved.