Company profile
OnCredit.lk
- Status
- Not on CBSL registerConfirmedSource:Not found on CBSL's Licensed Finance Companies list (as at 27.05.2026) or Registered Finance Leasing Establishments list (as at 10.06.2026), searched by entity name and registration number PV00232746 on 2026-06-22; accessed 2026-06-22
- Registered entity
- OnCredit (Private) LimitedConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22
- Registration no.
- PV00232746ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22
- Parent / group
- SpaceCrew Finance, UkraineConfirmedSource:SpaceCrew Finance about page and public brand materials, accessed 2026-06-22
- Aliases / sister apps
- MyCredit (Ukraine), ClickCredit, Monto, OnCredit Vietnam (closed)ReportedSource:SpaceCrew Finance about page and public brand materials, accessed 2026-06-22
What they advertise
Marketing claims are shown as the lender's claims, with confidence labels and citations.
Loans up to LKR 100,000 for any purpose
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22Registration in about 10 minutes and a decision in about 5 minutes
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22No additional fees if payment is made on or before the due date
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22
What the fine print says
Each claim is paired with the documented reality or the current placeholder evidence.
Advertised claim
0% / low first-loan rate
Fine print reality
The public site discloses a 2% per day calculator example and states APR at 730%; the Google Play listing gives different APR examples, so borrowers see inconsistent rate disclosures.
oncredit.lk public rates; Google Play listing
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; OnCredit Google Play listing, accessed 2026-06-22Advertised claim
Simple repayment
Fine print reality
Late penalties are charged on the 3rd, 8th, 13th and 18th day of delay as a percentage of the outstanding amount.
oncredit.lk rates
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22Advertised claim
Your data is secure
Fine print reality
A debt-enforcement process may be initiated and claims may be transferred to third parties.
oncredit.lk
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22Hard to find
Ownership, licensing, cost, permissions, and other buried facts that matter to borrowers.
Who owns it
Operated by OnCredit (Private) Limited (PV00232746); part of the Ukrainian group SpaceCrew Finance, which runs sister brands including MyCredit (Ukraine), ClickCredit and Monto, and previously OnCredit Vietnam (closed).
ConfirmedSource:SpaceCrew Finance about page and public brand materials, accessed 2026-06-22; oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22Real cost
A ~2%/day interest rate is roughly 730% on a simple annual basis before penalties — far above the per-day framing a borrower sees.
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; arithmeticRegulatory status
OnCredit (Private) Limited was not found on CBSL's Licensed Finance Companies list or Registered Finance Leasing Establishments list when searched by entity name and registration number PV00232746 on 2026-06-22. This records register absence only; it is not a legal conclusion about whether the app is required to hold that licence.
ConfirmedSource:Not found on CBSL's Licensed Finance Companies list (as at 27.05.2026) or Registered Finance Leasing Establishments list (as at 10.06.2026), searched by entity name and registration number PV00232746 on 2026-06-22; accessed 2026-06-22Broad phone-data access (reported)
Stated for identity/credit assessment.
A current app-permission audit was unavailable in the repo; this published item is limited to reported concerns plus the confirmed third-party claim-transfer language.
ReportedSource:Sunday Times, "Online loans trap borrowers in cycle of unregulated debt", 2025-03-23, accessed 2026-06-22; oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; no repo-local current app-permission audit available on 2026-06-22
Per-app fee calculator
ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22OnCredit.lk cost check
Change the amount and term to see the documented fee model applied to your own number.
- Service fee
- LKR 0
- Interest
- LKR 6,000
- Total repayable
- LKR 16,000
- Simple APR
- 730%
- Rollover APR
- 949%
Formula: ((service fee 0% + daily interest 2% x days) / amount) x (365 / days).
Penalty charged on the 3rd, 8th, 13th and 18th day after the due date as a percentage of the outstanding amount.
Score breakdown
The overall score is calculated from these per-dimension values.
| Dimension | Score | Evidence |
|---|---|---|
| Pre-contract cost transparency | 3/4 | The FAQ states all fees are displayed before a borrower takes a loan. No repo-local owner footage was available to confirm a fuller confirmation step, so this is scored below the maximum. ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22 |
| Rate-disclosure honesty | 3/4 | The public site gives a 2% per day example and a 730% APR figure, but the Google Play listing gives lower APR examples, so the rate is disclosed yet inconsistent across public sources. ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; OnCredit Google Play listing, accessed 2026-06-22 |
| Consent / confirmation flow | 3/4 | The FAQ says fees are displayed before the borrower takes the loan; the public record does not show a detailed terms-summary step, so the lower level for a thin confirmation is used. ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22 |
| Data & permissions | 2/4 | Public terms describe debt-enforcement and third-party claim transfer; no current repo-local app-permission audit was available, so broader phone-data allegations are not treated as confirmed. ReportedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; no repo-local current app-permission audit available on 2026-06-22 |
| Collection-threat language | 2/4 | References a collection agent and third-party claim transfer; advises borrowers to pre-notify the collection agent. ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22 |
| CRIB representations | 4/4 | No CRIB-specific claim was located in the checked public site, FAQ, T&C, or Google Play materials. Private borrower communications were not available in the repo. ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; OnCredit Google Play listing, accessed 2026-06-22 |
| Licensing transparency | 2/4 | Discloses entity + registration (PV00232746) clearly; CBSL finance-company licensing status not stated. ConfirmedSource:oncredit.lk home, FAQ, and Terms & Conditions pages, accessed 2026-06-22; Not found on CBSL's Licensed Finance Companies list (as at 27.05.2026) or Registered Finance Leasing Establishments list (as at 10.06.2026), searched by entity name and registration number PV00232746 on 2026-06-22; accessed 2026-06-22 |
Terms Tracker
Chronological snapshots of the terms and a diff against the previous snapshot.
2026-06
ConfirmedSource:oncredit.lk public ratesSnapshot from public site; Google Play gives different APR examples, so the conflict is retained.
- amountRange
- Rs 1,000–50,000 (marketing up to Rs 100,000)
- dailyInterest
- ~2% per day
- latePenaltyDays
- 3, 8, 13, 18 after due date
- complaintContact
- +94 11 781 1555
Baseline snapshot
This is the first recorded snapshot for this lender.
Right of reply
This company may submit a response. If a response is received, it will be published here fairly and in context.
Sources
Primary documents, lender pages, official registers, and reporting used by this page.
- Confirmed
- Confirmed
- Confirmed
- Reported
- CBSL Licensed Finance Companies list (as at 27.05.2026)official-registerConfirmed
- Confirmed