Business loans in Sri Lanka provide essential financial support for entrepreneurs and company owners who need funds to cover operational or project-related expenses. These loans are offered by banks, finance institutions, and private lenders and are available for a variety of sectors such as manufacturing, agriculture, retail, and services. Find the best business loan with Lafingo right now!
Best business loans in Sri Lanka in October 2025 🏆
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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 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 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 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
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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 5 000 RS to 200 000 RS A representative example: You apply for RS. 10,000.00 and choose comfortable repayment over 10 days, your payment will be only RS. 12,200.00 per 10 days, so your total cost of the loan will be RS. 12,200.00Quick approval 5 minutes Loan amount up to RS 200 000 Need only ID number Prolong the loan any timeCashXGet a loan
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Info and reviewLoans from 5000 – 200 000 Rs 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%. The maximum APR is 365%.Personalized loan offers up to Rs. 200,000 100% commission discount for new clients Quick processingSoscreditGet 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
In Sri Lanka’s economy, small and medium-sized enterprises (SMEs) play a vital role. Access to credit is a key factor that allows them to expand, modernize operations, and ensure long-term sustainability. For this reason, small business loans have become an important part of the country’s financial landscape.
Lafingo helps you compare the most reliable business loan providers in Sri Lanka. Whether you run a small shop, a growing online store, or a medium-scale enterprise, our platform allows you to find the best financing option based on your needs, repayment capacity, and eligibility.
Types of business loans in Sri Lanka
- Term business loan: Designed for long-term investments such as machinery purchases, construction, or business expansion. These loans are usually repaid in fixed installments over a defined period.
- Small business loans: Tailored for SMEs, offering smaller amounts, simplified applications, and flexible repayment options to encourage business growth.
- Trade finance loans: Ideal for importers and exporters to manage goods payments, supplier costs, and customs duties.
- Leasing and hire-purchase loans: Used for acquiring vehicles, equipment, or machinery with the advantage of spreading payments over time.
- Startup business loans: Targeted at new entrepreneurs who need funds for initial setup, including equipment, marketing, or infrastructure.
- Quick loans: Offered to small-scale or rural entrepreneurs to promote financial inclusion and community development.
“Our working capital financing from LOLC Finance will be tailored to suit your business, taking into consideration its own unique needs and business-cycles. Our full suite of transactional services will assist you in managing your cash-flow with greater ease and convenience.” — LOLC Finance PLC, Working Capital page
Benefits of business loans in 2025
- New business loans amounts vary depending on the loan type and the borrower’s financial profile.
- For SMEs, amounts typically range from LKR 50,000 to LKR 5 million, while large-scale business loans can exceed LKR 50 million.
- Business loans interest rates differ based on the lender, loan type, and borrower’s credit standing. SME loans often come with competitive rates to support economic growth.
- Repayment terms range from short-term (under one year) to long-term (up to 20 years) depending on the loan purpose.
- Most business loans require collateral, such as property or equipment, although unsecured loans may be available for eligible borrowers.
Processing times depend on the lender, submitted documents, and loan amount — with some lenders offering approval within a few days.
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Info and review Soscredit 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%. The maximum APR is 365%.Get a loan
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Info and review Soso *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%.Get a loan
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Info and review CashX A representative example: You apply for RS. 10,000.00 and choose comfortable repayment over 10 days, your payment will be only RS. 12,200.00 per 10 days, so your total cost of the loan will be RS. 12,200.00Get a loan
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Info and review Oncredit Minimum APR: 1% (First loan with 0% interest and service fee), Minimum period: 90 days, Maximum period: 180 daysGet a loan
Eligibility criteria for new business loans
Requirements for new business loans vary by lender, but generally include:
- A registered business or valid trade license.
- A viable business plan or proposal (especially for startups).
- Financial statements for existing businesses (e.g., profit and loss, cash flow).
- Collateral or guarantor for secured loans.
- A good credit history or CRIB report.
Required documentation
Applicants are typically asked to provide:
- Business registration or trading license.
- Bank statements and financial reports from the last 6–12 months.
- Tax clearance certificates.
- Property ownership or lease agreements (if applicable).
- Project feasibility or invoices supporting loan usage.
Benefits of large and small business loans in Sri Lanka
- Business loan enables quick access to capital for operations or expansion.
- They provide flexible financing, allowing businesses to choose repayment options that suit their needs.
- They support growth and modernization, enabling investment in infrastructure, technology, and workforce.
- On a larger scale, they contribute to economic development by boosting local production, employment, and exports.
Frequently Asked Questions (FAQs) about business loans❓
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What is a business loan❓
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What is the minimum down payment for a business loan❓
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Is collateral-free business loan available❓
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What are the interest rates for business loans in Sri Lanka❓
