Top loans on Creditsms.com
Creditsms.com offers you affordable loans online. These loans empower people to access education, secure their homes, boost entrepreneurship, ensure health, and improve mobility, contributing to their overall financial well-being in Sri Lanka. Waste no time and begin your search right now!
TOP reasons for getting a loan
Education: Financing academic pursuits and skill development.
Home Purchase: Acquiring a property or real estate investment.
Business Growth: Expanding or starting a new business venture.
Healthcare Expenses: Covering medical bills and treatments.
Vehicle Purchase: Buying a car or other means of transportation.
Advantages of online loans
With Creditsms.com you can see the top loans of Sri Lanka - the ultimate solution tailored just for you:
Convenience: Apply from anywhere with an internet connection, avoiding the need for physical visits to banks or lenders. Online applications are typically processed faster, providing quicker access to funds.
Accessibility: Online lenders may consider a broader range of credit profiles, making loans accessible to more individuals. Online loan platforms often provide clear terms and conditions, making it easier to understand the loan terms.
Flexibility: Various loan types, including personal loans and payday loans, cater to different financial needs. Some online lenders offer competitive interest rates, potentially saving borrowers money.
Minimal Documentation: Online applications often require fewer documents, reducing paperwork.
Account Management: Borrowers can manage their loans and payments online for added convenience.
Consider the following details
Loan Amount: Determine the exact sum you require. Borrow as much as you actually need.
Loan Repayment Term: Choose a repayment period that aligns comfortably with your financial situation. You can opt for terms from 62 days to 1 year.
Moreover, pay special attention to the interest rate the financial institution offers. As a first-time client, you might enjoy the privilege of accessing a first loan with a 0% interest rate. However, remember that the maximum annual percentage rate (representing your expenses for utilizing the loan money) can reach up to 365%.
An example of loan costs
You select a loan amount of RS 50 000 with a repayment plan spanning 6 months. The annual percentage rate is 15%. Based on this, your monthly instalment will be RS 8 948, and the associated commission amounts to RS 3 688. When the loan term concludes, the total amount you'll repay will sum up to RS 53 688.
Criteria for receiving a loan
Age requirements: Age restrictions may vary depending on the conditions of the lender.
ID: Borrowers must provide a valid identification document (valid NIC details).
Bank account or card: An active bank card or functioning bank account is necessary to receive the loan funds.
Communication method: A valid phone number and email is essential for communication throughout the loan process.
Timely repayment of the loan
Stay organized: Mark payment dates on your calendar or set up automatic payments through Internet banking to avoid missing deadlines.
Be proactive: Make monthly payments a few days before the due date to ensure the money reaches the lender on time.
Communicate with the lender: If unforeseen circumstances hinder timely repayment, contact the lender immediately and request an extension. Keep in mind that an additional fee might apply for extending the loan.
Creditsms.com is your guide to the world of Sri Lanka lenders and finance options. However, do keep in mind that we are not a lender and do not offer loans ourselves.