Consumer loans in Sri Lanka are a popular form of financing provided by banks, financial institutions and private lenders to individuals for personal use. Compare consumer loans in Sri Lanka together with Lafingo, the best loan comparison platform.
Best consumer loans in Sri Lanka in September 2025 🏆
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Info and reviewLoan from LKR 2,000 to LKR 50,000 Minimum APR: 1% (First loan with 0% interest and service fee), Minimum period: 90 days, Maximum period: 180 daysSimple and secure loan terms Fast loan approvals 24/7 registration available Transparent fees, no hidden chargesFinoGet a loan
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Info and reviewLoan from LKR 3,000 to LKR 150,000 Minimum APR: 1% (First loan with 0% interest and service fee), Minimum period: 90 days, Maximum period: 180 daysFast service Only ID required 24/7 registration available Accept limited credit historyFinoGet a loan
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Info and reviewLoan from LKR 3,000 to LKR 150,000 Minimum APR: 1% (First loan with 0% interest and service fee), Minimum period: 90 days, Maximum period: 180 daysInstant loan approval No paperwork needed Easy to use platform Platform securityMonigoGet a loan
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Info and reviewLoan from LKR 5,000 to LKR 200,000 Credify.lk. Sri Lanka. Email: info@credify.lk. Maximum percentage interest rate (APR): 365%. Loan term: from 90 days to 12 months. Calculation example (representative example): Loan of RS 50 000 for 6 months, monthly payment RS 8 948, total amount RS 53 688, annual percentage rate APR 15%. Credify.lk is not a lender and does not grant loans. Each lender is licensed. The offers on the site do not include all financial companies or their products. We are not a loan company/loan broker, but we do offer loan comparison services and they are informative.Quick and simple Fast loan approval No hidden fees No credit history required Flexible repayment optionsCredifyGet a loan
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Info and reviewLoan from LKR 8,000 to LKR 80,000 If you borrow Rs 8,000 for 90 days (3 months), the interest accrued will be Rs 3,600, calculated as Rs 8,000 * 90 * 0.005. The total repayment amount is Rs 11,600, which is the sum of the loan principal and the interest. When repaid in three equal installments, each monthly payment will be Rs 3,866.67. Customers can obtain up to 50% discounts based on their payment and credit historyQuick and simple Fast loan approval Mobile-friendly No hidden teams Discounts availableLoanmeGet a loan
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Info and reviewLoan from LKR 5,000 to LKR 200,000 You borrow Rs. Apply for 10,000 and choose 5-day easy repayment, your 5-day payment will be only Rs. 12,300. So your total loan amount will be only Rs. 2300 per month.Fast loan approval High approval rate Clear terms Flexible repayment options User-friendly Bonuses availableLoanplusGet a loan
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Info and reviewLoan from LKR 5,000 to LKR 200,000 *Calculation example (representative example): Loan of Rs 50 000 for 6 months, monthly payment Rs 8 948, total amount Rs 53 688, annual percentage rate APR 15%.Easy to use No collateral required Quick loan disbursal Transparent termssosoGet a loan
These loans play a significant role in meeting the financial needs of consumers, helping them manage expenses such as purchasing household items, vehicles, education, medical emergencies or travel.
Types of consumer loans
Consumer loans come in different forms to match various financial needs – from everyday expenses to major life investments. Below are the main types of loans available and their typical purposes.
- Personal loans: Can be used for a variety of purposes, including medical expenses, education, weddings, or credit consolidation.
- Car loans: To purchase cars, motorcycles, or other vehicles, often offered with flexible repayment options and competitive interest rates.
- Home loans: Designed to purchase, build, or renovate homes, these loans typically have longer repayment periods and lower interest rates compared to personal loans.
- Education loans: Provided to students or parents to fund higher education, both domestically and internationally.
Features of consumer loans in 2025
- Repayment periods: Loan terms vary from short-term (1-3 years) to long-term (up to 20 years for home loans).
- Interest rates: Interest rates depend on the type of loan, the institution, and the borrower’s creditworthiness. Rates can be fixed or variable.
- Loan amount: Varies based on the purpose and the borrower’s income level. Personal loans typically range from Rs. 50,000 to Rs. 10 million or more.
- Collateral: Some loans, such as home loans and auto loans, require collateral.
Eligibility criteria for consumer loans in Sri Lanka
- Must be between 18 and 60 years of age
- Valid national identity card
- Must be a Sri Lankan citizen
- A valid bank account is required
- Proof of a stable source of income
- Good credit history or a report from the Credit Information Bureau (CRIB)
Compare consumer loans in Sri Lanka right now 🚀
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Info and review Monigo.lk Minimum APR: 1% (First loan with 0% interest and service fee), Minimum period: 90 days, Maximum period: 180 daysGet a loan
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Info and review Credify.lk Credify.lk. Sri Lanka. Email: info@credify.lk. Maximum percentage interest rate (APR): 365%. Loan term: from 90 days to 12 months. Calculation example (representative example): Loan of RS 50 000 for 6 months, monthly payment RS 8 948, total amount RS 53 688, annual percentage rate APR 15%. Credify.lk is not a lender and does not grant loans. Each lender is licensed. The offers on the site do not include all financial companies or their products. We are not a loan company/loan broker, but we do offer loan comparison services and they are informative.Get a loan
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Info and review Fino.lk Minimum APR: 1% (First loan with 0% interest and service fee), Minimum period: 90 days, Maximum period: 180 daysGet a loan
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Info and review Loanplus.lk You borrow Rs. Apply for 10,000 and choose 5-day easy repayment, your 5-day payment will be only Rs. 12,300. So your total loan amount will be only Rs. 2300 per month.Get a loan
Benefits of consumer Loans
- Convenience: Quick access to funds for immediate financial needs.
- Flexibility: Different loan options tailored to various requirements.
- Improved quality of life: Enables consumers to achieve life goals such as home ownership or vehicle purchases.
- Economic growth: Increased spending and investments contribute to overall economic development.
Frequently asked questions (FAQ) about consumer loans❓
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What is a consumer loan❓
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What documents are required to apply for a consumer loan❓
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What is the repayment period for a consumer loan❓
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How is the interest rate on a consumer loan calculated❓
