LOTUS LOAN - Loans up to 40000 RS - Review

✔ No collateral, no payslips or proofs of billing
✔ Loan amount up to RS 40 000
✔ Need only ID number

Get loan


Loan rate per day


Possible term days


Max amount


Consideration mins
LOTUS LOAN - Loans up to 40000 RS - Review

What is Lotus loan in Sri Lanka?

Lotus Loan Money Lending is an innovative financing service in Sri Lanka that provides instant access to fast loans for individuals and businesses. It offers you simple, transparent and secure financial solutions without any hassles. With their user-friendly online platform, users can apply for different types of loans quickly and securely.

The process is fast, secure, and hassle-free – applicants only need to provide identity documents to get approved within minutes. New customers can easily register themselves within a few steps and existing customers may get loan amounts on the same day with minimum requirements in order to help with unforeseen events or any other unexpected needs.

This hassle-free loan system fulfills the urgent needs of individuals and businesses by providing easy, convenient, low cost and reliable financial services.

Get Lotus Loan

Advantages and Disadvantages of Lotus loan

Here are some of the key advantages and disadvantages of using Lotus loan Money Lender.


  • Low interest rates – Lotus loan Money Lender offers lower rates than other lenders in Sri Lanka.
  • Fast funding times – with online applications and swift services, you can get your loan approved within hours without having to wait for days or weeks.
  • Flexible repayment options – multiple repayment plans are available so you can pick one that suits your budget best.
  • No collateral required – no need to provide any form of security or guarantee when applying for a loan.


  • High interest rates - Interest charges depend on borrower's credit score but they might still be higher than the market rate.
  • Limited loan limits – only loans up to 50,000 Rupees can be taken out with Lotus loan Money Lender, so larger loans may not be possible.
  • Loan processing fees – there is a fee charged per transaction which could add up over time.
  • Late payment penalties – borrowers who fail to make timely payments will have pay additional charges due to late payment penalties or interests imposed by Lotus loan Money Lender.

Overall, depending on your credit score and financial situation, using Lotus loan Money Lender could be an advantageous option for borrowing money in Sri Lanka. However, it's important to consider all the pros and cons before making any decisions.

Get online Lotus loan in 15 minutes

How does money lender Lotus loan work

Lotus Loans provide easy access to credit, allowing borrowers to cover the cost of life’s necessities including rent and bills while they are waiting for their next paycheck. It offers a variety of financial services tailored to our customers’ needs, without any need for collateral. When you submit an application, the expert team at Lotus Loans will assess your profile and credit history to find the best service option.

If approved, you’ll have the funds deposited into your bank account within one business day. To make it even easier, repayment is simple with short-term loans that require small repayments over multiple instalments rather than one lump sum payment approaching quickly like typical payday loan repayment schedules.

Conditions for Obtaining an Online Loan in Lotus loan Sri Lanka

Obtaining an online loan through Lotus loan Sri Lanka is a simple and straightforward process. Before you begin the application process, there are a few conditions that must be met in order to qualify for the loan.

  • You must be at least 18 years old
  • You must have a valid government-issued ID
  • You must have an active checking or savings account
  • You must provide proof of income
  • You must have a good payment history

If you meet all these criteria, you can apply for a loan through Lotus Loan's website. Once your application is approved, you will receive your funds via bank transfer within 24 hours. It's important to note that interest rates may vary according to your credit rating and other factors.

FAQs about Lotus loan

What documents do I need to provide when applying for a loan in Lotus Loan Sri Lanka?

When applying for a online loan in Lotus Loan Sri Lanka, you need to provide valid government-issued ID, proof of income, and an active checking or savings account. You may also be asked to provide additional documentation depending on the loan requirements.

Is there any collateral required to get approved by Lotus Loan Sri Lanka?

No, there is no collateral required to get approved by Lotus Loan Sri Lanka. You only need to provide valid government-issued ID, proof of income, and an active checking or savings account in order to apply for a loan from the company.

Does my credit score affect the interest rate of my loan through Lotus Loans Money Lender in Sri Lanka ?

Yes, your credit score does affect the interest rate of your loan through Lotus Loans Money Lender in Sri Lanka. Borrowers with higher credit scores will have access to more favorable interest rates than those with lower scores. The better your credit score, the lower the interest rate and vice versa. Therefore, it's important to maintain a good payment history and keep an eye on your credit score when applying for loans from any lender.

There are no reviews for this loan.

Loan terms
First loan: 15000-40000 RS
Maximum amount: 40000 RS
Loan term: 182 days
ARP: 0%-12%

It will take only 10 seconds for us to send your application to 8 financial institutions in the Sri Lanka

A single online loan application for all financial institutions in the country. Fill in a short form of a single online loan application in a minute. For free, we will select suitable partners, who are ready to issue a loan to you, and we will send them your data for consideration. You will get approval and money from one or several companies today!

I would like to recieve information on offers and promotion


Your application send successfully