Cash loans

Loans15 helps everyone save time and money by offering to compare various cash loan offers to find a loan with lower costs. Loan information is constantly updated, as credit institutions constantly change terms and prices.

Nowadays, with the help of the Internet, it has become easy to find various loan offers online. All you have to do is fill in the loan application and wait for the answer. In case of a positive answer, you will receive money in your bank account.

Cash loans have several advantages:

The biggest advantage is that you can get money quickly and you can borrow up to RS 70,000 in a few minutes. A cash loan will be a good choice for those who need a little extra money at the end of the month or to finance a larger purchase. Lenders who offer cash loans are often interested and ready to help people who urgently need additional funds.

Another advantage of cash loans is that a guarantor is not required, but if the cash loan is not repaid on time, the total costs may be more expensive than long-term loans. This is usually associated with additional fees, which together with the high interest rate can quickly exceed the principal amount of the loan.

Borrow responsibly

Remember - borrow only as much as you can repay!

Before signing the contract, carefully read all the conditions!

We recommend cash loans if you have small additional expenses, but if you plan to finance a vacation or buy a car, it is recommended to use bank loans.

Requirements for borrowers

Requirements from borrowers in order to receive a loan:

you must be at least 20 years old;
you must have government-issued identity card (NIC);
you must have an active mobile phone number;
you must have a bank account in one of the banks registered in Sri Lanka;
you must have an email

Requirements for each lender can be different, so we recommend that you find out the requirements of a particular lender on their website.

Penalty or renewal policy information

If the loan amount is not repaid within the specified time, the lender may demand a penalty fee for each day of delay. If the repayment is delayed for a longer period of time, without an agreement with the lender, the lender is unilaterally entitled to transfer the debt collection to third-party companies.

Late payments reduce your chances of getting a loan in the future. Lenders have the right to ask you to pay penalty interest for late payment. Borrowers who do not repay the loan correctly lose the opportunity to receive discounts in the next application.

Paying off your loan on time contributes to a good credit score, which increases your chances of getting better loan terms in the future.

Annual Percentage Rate (APR)

The annual percentage rate is the total cost of the loan, expressed as a percentage. The calculation of the annual percentage rate does not include the costs associated with non-fulfillment of the obligations specified in the loan agreement.

Maximum percentage interest rate (APR): 16%. Loan term: from 62 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%.