Oncredit Loan Sri LanKa Review, Is it legit? (2024)

OnCredit, a leading online lending platform in Sri Lanka, has emerged as a go-to solution for individuals seeking hassle-free loans with minimal requirements. In this review, we will delve into the key aspects of OnCredit, from its offerings and advantages to eligibility criteria, loan terms, and repayment options.


Introduction to OnCredit

Company Overview

OnCredit, accessible through its official website Oncredit.lk, is a short-term financial lending platform developed by OnCredit Company Limited. Specializing in providing consulting services and financial connections, OnCredit has established itself as a trusted name in the realm of online lending.

Contact Information

OnCredit Limited Company Address: No. 422, R A De Mel Mawatha, Colombo 03, Sri Lanka. Phone: +94117811555 Email: info@oncredit.lk Company registration no. PV00232746 granted by the Registrar General of Companies in Colombo

Advantages of OnCredit Online Loan Service

With the proliferation of online lending platforms, it’s essential to choose a service that prioritizes quality and maintains a stellar reputation. OnCredit offers several advantages that set it apart from the competition:


OnCredit ensures that obtaining a quick loan is a straightforward process. All you need is a computer or smartphone with internet access and five minutes to complete an online application. The platform’s user-friendly interface makes loan acquisition quick and hassle-free.

Simple Procedures

Gone are the days of collecting piles of documents for a loan application. OnCredit simplifies the process by requiring customers to provide a photo of their ID card (2-sided NIC card) and a portrait photo for authentication. This streamlined approach minimizes paperwork and ensures a speedy application process.

Fast Document Processing

OnCredit operates round the clock, with its professional consulting team available 24/7 to assist with receiving and reviewing loan applications. This means you can submit your application at any time, even on holidays. Moreover, the time it takes to receive the loan disbursement is remarkably short, typically within 24 hours of approval.

Transparent Information

Transparency is a hallmark of OnCredit’s service. Detailed loan terms and contracts are provided, enabling customers to thoroughly review all aspects of their loan before making a commitment. This ensures that borrowers have a clear understanding of the financial agreement they enter into.

Information Security

Concerns about personal data security are prevalent in the digital age. OnCredit addresses these concerns with robust information security measures, certified by PCI and DSS. Customers can rest assured that their data is safe when applying for loans on the OnCredit website.

OnCredit Loan Conditions

To be eligible for OnCredit’s services, customers must meet the following conditions:

  • Be Sri Lankan citizens aged between 18 and 60.
  • Possess a valid NIC card.
  • Have an official bank account for loan disbursement.
  • Maintain stable employment.

OnCredit Loan Terms and Limits

OnCredit offers a flexible range of loan terms and limits to cater to diverse financial needs:

Loan Limit

OnCredit caters to a wide range of financial needs, offering loan amounts starting from Rs 2,000 and going up to an impressive Rs 10,000,000. This extensive range ensures that individuals with varying financial requirements can find the right solution through OnCredit.

Loan Term

The loan term options at OnCredit are designed to accommodate different repayment preferences and financial situations. Borrowers can choose a loan term that suits them, with a minimum term of 121 days and a maximum term of 183 days. This flexibility empowers customers to manage their loans effectively.

Interest Rates and Loan Fees at OnCredit

Interest rates on OnCredit loans start from 16%, and the specific rate for each loan is displayed in detail on the loan estimator found on the platform’s main page. In addition to interest, customers may be required to pay service fees, which are calculated based on the loan term and interest rate. OnCredit does not impose any additional fees if borrowers make timely payments.

Loan Example To illustrate the cost structure, consider an example of an OnCredit loan:

Example of the First Loan: Imagine you apply for Rs. 5,000 and repay it in full after 121 days of using the loan. In this scenario, the service fee is 0 per month.

Total amount to be settled: Rs. 5,000

Example for a Repeat Loan: Now, let’s say you apply for Rs. 5,000 and repay it in full after 121 days of using the loan. The monthly payment in this case is Rs. 2,867.

Total amount to be settled: Rs. 8,600

How to Apply for a 0% Interest Loan at OnCredit

Applying for an OnCredit loan is a breeze. Follow these simple steps to secure a loan with a 0% interest rate:


  1. Visit the website www.oncredit.lk or use the mobile app.
  2. Select your desired loan amount on the landing page.
  3. Enter your personal information and follow the on-screen instructions.
  4. Upload photos of the front and back of your NIC card.
  5. Submit a selfie photo.
  6. Provide your bank details.
  7. Await approval.

If your loan is approved, expect a verification call within a few hours to confirm your details.

Instructions for Loan Repayment on OnCredit

OnCredit offers various convenient repayment options:

Pay&Go Kiosks

  • Visit a Pay&Go kiosk islandwide and select “OnCredit” under the Finance category.
  • Enter your loan agreement number and mobile number.
  • You can also pay online via the Pay&Go website.

Pay&Go Online

  • Pay your loans online through the Pay&Go website.
  • Select “Finance” from the category.
  • Choose OnCredit and enter your 9-digit Loan ID, mobile number, payment type, amount, and email address.

Cargills FoodCity Outlets

  • Visit a Cargills Foodcity outlet.
  • Get a Cargills Cash Voucher from the counter.
  • Fill in the voucher with your loan agreement number, personal details, and payment amount.
  • Submit the voucher along with your payment.

Sampath Bank

  • Make repayments via Sampath bank branches.
  • Fill in the Sampath bank deposit slip with the required information.

Cargills Bank

  • Make repayments via Cargills bank branches.
  • Fill in the Cargills bank deposit slip with the required information.

HNB Bank

  • Make repayments via HNB Bank branches.
  • Fill in the HNB Bank deposit slip with the required information.

eZ Cash

  • Conveniently make repayments through eZ cash via USSD code or the mobile application.

Online Payments – Internet Banking through Banks

Make online payments through Sampath Bank, HNB Bank, or eZ Cash.


OnCredit has emerged as a reliable, secure, and user-friendly online lending platform, providing individuals in Sri Lanka with quick access to funds. With loan amounts ranging from Rs 2,000 to Rs 10 million, flexible repayment terms, and competitive interest rates, OnCredit stands as a trusted financial partner during times of need. If you find yourself in urgent need of financial assistance, consider OnCredit as your go-to solution. Good luck with your loan application, and may your financial needs be met with ease and convenience.

In an era where financial stability and accessibility are paramount, OnCredit has proven to be a steadfast ally for those navigating the twists and turns of life’s financial challenges. With its commitment to transparency, security, and efficiency, OnCredit shines as a beacon of hope in the world of online lending, helping individuals bridge the gap between financial necessity and opportunity.

5/5 - (5 votes)

ශ්‍රී ලංකාවේ අඩු පොලී අනුපාතයක් සහිත හොඳම ඔන්ලයින් ණය


Loan type

Short term

For a period of

30 days

Rate ()

1.00% / day

Loan amount

40000 €

Approval in

5 minutes

First loan free


Loan type

Short term

For a period of

122 days

Rate (ARP)

12.00% / year

Loan amount

40000 $

Approval in

15 minutes

First loan free


Loan type

Short term

For a period of

28 days

Rate ()

0.04% / day

Loan amount

60000 $

Approval in

0 minutes

First loan free


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