What is Oncredit?
Oncredit is an online financial service provider that offers short-term loans to citizens of Sri Lanka to uplift their day today lives. Its main aim is to provide a quick and easy loan for all your financial needs. Be it a student loan, salary advance or an unexpected health emergency, Oncredit will help you instantly with your cash loan.
Oncredit Sri Lanka provides its customers with a fast and reliable service through both their website and the mobile app. You can now easily apply for a loan online without a pile of paperworks with Oncredit.
How does Oncredit loan work?
With Oncredit, getting a loan is just one click away. All you need to do is log into the Oncredit website via https://www.oncredit.lk or download the oncredit loan app. If you are a frequent user or if it is your second time using oncredit, it’s advisable to download the oncredit loan app for quick and easy access. Once you have registered with Oncredit, you can apply for a loan upto 40,000 LKR. If you are in need of a small loan, Oncredit provides a minimum loan amount of 5000 LKR.
Oncredit loan application process is simple and designed to be completed in a few minutes. This quick and easy application process is designed to give you a stress free experience. You can get your Oncredit loan in seven easy steps.
How can I apply for a loan with Oncredit?
Applying for a loan with Oncredit is quick and easy. All you need to do is complete the seven easy steps below and once your oncredit loan application is approved, you will get the money in your bank account immediately.
- Log into the Oncredit website via https://www.oncredit.lk or via the Oncredit app
- Select the loan amount
- Fill out the application
- Upload the National Identification Card (front and back)
- Upload a photo of yourself (Selfie)
- Enter your bank account details
- Wait for the approval
Make sure you have the National Identification Card ready before starting the application process as it is mandatory for verification and you will be done in 10 minutes.
How much does Oncredit loan?
You can apply for a minimum loan amount of 5000 LKR and upto a maximum loan amount of 40,000 LKR. You can pay off these small loans within a given number of days. The minimum loan term is 121 days and the maximum is 183 days. The loan interest rate is 16% which is a little higher than the typical interest rate of well-known online loan applications.
But here’s something interesting. According to Oncredit your first loan with Oncredit will cost you nothing. That means your first loan will be interest free, which is a 0% interest rate. So why not give it a try!
Let’s see how it works:
First Loan:
- Loan amount - 5,000 LKR
- Loan Period - 121 days
- Service Fee - 0 LKR
- Total Repayment Amount - 5,000 LKR
It’s always a best practice to repay or settle your loan within the agreed period of time to avoid unnecessary extra costs.
How to pay my Oncredit loan?
It’s absolutely convenient to repay your Oncredit loan. Oncredit offers numerous repayment methods including but not limited to counter payments, online payments, kiosk payments and app payments. You can refer to the Oncredit website, https://www.oncredit.lk to check out all the available loan repayment methods.
To list down a few:
- Pay&Go Kiosks
- Pay&Go Online
- Cargills FoodCity Outlets
- iPay App
- Sampath Bank
- Cargills Bank
- HNB Bank
- LOLC Finance
- eZ Cash
Is Oncredit legit?
Yes, Oncredit is a legit online financial service provider registered under the laws of Sri lanka with a company registration no. PV00232746 granted by the Registrar General of Companies in Colombo, Sri Lanka. When applying for a loan, it is recommended to read the terms and conditions and the privacy policy listed in the website.
Since Oncredit is a new player in the online financial service space, there may not be enough feedback to make informed decisions. Therefore it is recommended to go through the website, collect adequate information and use discretion when making a decision.
Oncredit app
The official Oncredit app can be downloaded from the Google Play Store or the Huawei AppGallery according to your phone’s operating system.
It is always recommended to use the Oncredit app, if you are a frequent user of the Oncredit platform as it is much more convenient to use the app than the website. Oncredit app has an easy-to-use interface with all the features and information in one click away. You can easily access the loan calculator, loan amount, repayment amount, terms and conditions and many more information.
- Download the Oncredit app from the Google Play Store here.
- Download the Oncredit app from the Huawei AppGallery here.
Oncredit Customer Service
You can easily contact Oncredit customer service through multiple channels.
For instant online support, you can get through to Oncredit Customer Service through the messenger chat, which you can access through the website or if you are looking for the oncredit contact number, simply call their customer service hotline +94 117 811 555.
You can also write to Oncredit through their email address listed on the website, which is info@oncredit.lk
Oncredit reviews
Oncredit loan app reviews in Google Play Store are quite acceptable. As with any other app, there are some bad reviews but most of them are quite common issues people face with online apps.
Most positive feedback is about the easy to use interface of the app and the quick and reliable service. People are happy to get their loans quite fast, and satisfied with the overall experience.
The most common complaint is not getting their loan approved. This is quite subjective as the approval of the loan depends on many factors like the verification, completion of the form and whether or not the applicant completed all the required steps.
So as always, it is recommended to use your own judgment when evaluating the Oncredit app as just because one user had a bad experience, it doesn’t mean that you’ll have one too.
Have you used the Oncredit loan app? Share your experience here.