OnCredit is a lending service in Sri Lanka that provides the convenience of quick and easy online loans. We differ from traditional Sri cash lending institutions in several significant ways. Everything is done online and the entire process is 100% paperless at all stages, including:

1. Application for loan disbursement to individuals
2. Submission of necessary documentation
3. Approval of a cash loan online
4. Electronic money transfer

Thus, we aim to help our customers get term loans in the easiest way and enjoy a quick and hassle-free application process.

 

Advantages of applying for OnCredit services

We offer significant advantages over our competitors in the online financial market of this country:
- Our application process is completely paperless.
- The customer will never have to fill out any forms as the entire process from A to Z is done online.
- For this we need a minimum number of documents.
- National identity card.
- We offer constant financial support.

 

General conditions of the loan:
- The minimum age of the applicant is 18 years
- The minimum loan amount is 15,000 rupees
- The maximum loan amount is 40,000 rupees
- Minimum annual interest rate, including shares. - 16%
- Maximum annual interest rate, without shares. - 192%
- The minimum repayment period is 121 days
- The maximum repayment period is 183 days
- Standard rate reduction - negotiated with a regular client

An example of a loan repayment plan with the lowest annual interest rate:
- Loan Amount: Rs 6K.
- Maturity: 121 days.
- Annual interest rate: 16%.
- Repayment amount: Rs. 6,312.
- Monthly Fee: Rs.78.

An example of a loan repayment plan with the highest annual interest rate:
- Loan amount: 15 thousand rupees.
- Maturity: 183 days.
- Annual interest rate: 192%.
- Repayment amount: Rs. 29.4 thousand
- Monthly contribution: 2.4 thousand rupees.

 

GEO: Sri Lanka.

Goal: CPS1 - new issue.

PDL-Profit