Simple and Effective Unsecured Loans from OnCredit

Have you ever been in a situation where you desperately needed to make a payment, possibly to cover an emergency medical bill or for crucial household repairs, but found yourself just a few thousand rupees short? In today’s economic condition, asking for a loan from friends or family is not feasible as almost everyone is struggling to make ends meet on a daily basis. At times like these, unsecured loans from financial institutions like us makes the most sense. At OnCredit, we make unsecured loans even more convenient by providing them in the form of quick online loans.

Uses of Unsecured Loans from OnCredit

Uses of Unsecured Personal Loans

Medical Purposes

Medical emergencies come in unannounced with no say usually as to what to be doing. More often than not, at these times of need there is no one to turn to. Such times, unsecured loans can be of help to you. Unsecured loans usually can be used at any time of the day, and upon application the time taken to get your money is usually less than an hour. So when you are in a medical emergency this concept works well.

To Pay Other Loans

Certain times, most often people borrow loans to pay off other loans. As many people fall short of money before payday, they tend to look for alternative sources of finance to pay off their current dues without getting late or charged penalties. For these specific concerns, unsecured loans are the best concept that can be of help.

To Pay Tuition Fees/College Fees

Sometimes, parents find it hard to source finances to provide for their child's tuition or college fees. These sums are usually not too large, most often parents run out of money due to the current expenditure they have in hand. In such cases the easiest and fastest way to acquire financial assistance is to obtain an unsecured loan. Due to the nature of this concept, it can quickly solve the problem in hand and as there is literally no documentation requirement it can be of convenience. 

To Pay Up Bills

Last but not the least, meeting ends during the end of the month is a crucial problem for many people. Because at the end of the month you are usually bombarded with many bills that are due to be paid in a week or two. Most bills include utilities, loan payments, etc. In such instances, no Bank or financial institution will come forward to help you. As they usually cater to the segment who draws a good income and is requesting big money to pay up long term. Such instances the only alternative is to opt into an unsecured loan. They are usually short in duration and ticket sizes, and could also be settled during the upcoming pay day of yours.

Here’s why unsecured loans from OnCredit are sometimes the best option in certain situations

How Unsecured Loans Can Help In Certain Situations


Even if you have never applied for personal loans or online loans in Sri Lanka, the entire process is extremely easy from start to finish when dealing with OnCredit. The website user interface is clear and easy-to-follow, with prominent call-to-actions. We have outlined the process step-by-step, with direct instructions at every juncture. You just have to visit the website (on any device - our website is fully responsive!) and enter the amount you require. We will then ask you to register and immediately let you know the terms of repayment (due dates and interest rates). If you find all the terms and conditions agreeable, you are free to apply for one of our easy online loans.


Due to the extraordinarily simple process, you can complete applying for online loans within just a matter of minutes! We require absolutely minimal documentation - just a photograph of yourself (an on-the-spot selfie would do) and your National Identity Card (NIC) is all that’s required to apply for one of our quick online loans. Once you have finished applying, one of our personal loan officers will get in touch with you to get more details (usually immediately or within one to two hours). They will verify your identity, ask a few more questions and they will adjudge whether you are eligible to receive the loan (using our own criteria). If you are deemed eligible, the required personal loan money will be credited to your account almost instantaneously. The entire process, from applying for our quick online loans to getting the cash to your hand, takes less than a day or a few days maximum.


Unlike personal loans from traditional banks, our unsecured loans are extremely short-term. The repayment period starts from a minimum of three months (with three fixed instalments) up to longer. This way, you ensure that you are in no long-term debt. Apart from the three month products, we also have a shorter product that serves customers for a minimum of 7 days and a maximum of 30 days. Customers have the choice to choose at the time of application and this is an amazing benefit, considering the volatility of the world today. Being unable to predict your future expenses and financial status, it is best not to get tied down to long-term financial commitments.

Simple. Quick. Short-term. Those are the three key benefits you receive when you select for your online loans. OnCredit remains your best partner when it comes to online loans in Sri Lanka.