Frequently asked questions about loans in Sri Lanka

What is SOSO?

SOSO is a website created for people who value their time and want to spend it efficiently. If you don't want to waste your time looking for loan offers - use the SOSO service! SOSO makes it easier to search for loans, because you can see the current loan offers in Sri Lanka in one place - on our website. SOSO - easy, profitable, reliable!

Why is loan comparison important?

Comparing loans is important so you can get a better loan offer without overpaying. When comparing loans, you can see which lender offers the best annual interest rate or repayment terms at a given moment, which lender offers a loan for a longer term and which lender offers a larger loan amount.

What are the requirements for borrowers?

To receive a loan, you must be an adult Sri Lankan citizen, have valid NIC details, have an e-mail address and mobile phone number, and have a bank account.

Do I need a collateral to get a loan?

No, you do not need a guarantor or collateral to receive a loan.

How will I get the loan amount?

The loan amount will be transferred to your bank account.

How fast will I get the loan?

You will receive the loan within 15 minutes to one working day.

How to repay the loan?

You can repay the loan to the lender's bank account using Internet banking.
You can make a repayment on the lender's website by logging into your account. You can also repay the loan in a mobile application, such as the iPay App
Make the repayment at one of the bank's branches or the lender's branches.

Is it possible to change the loan repayment date?

Loan repayment dates are determined by the lender, but most lenders offer the opportunity for the client to choose the repayment date that best suits him. In case you have already chosen the loan repayment date and want to change it, we recommend contacting the lender.

What if I can't make the monthly repayment?

If you are unable to repay, you should contact the lender and make changes to the repayment schedule, if possible.

Why was my loan application rejected?

If you have received an answer from the lender that it is currently not possible to grant you a loan, there may be several reasons for this. The most common reasons for loan refusal are:

your age does not meet the lender's requirements;
you provided incorrect information;
you already have several loans,
you have unpaid debts.

How can I contact SOSO?

If you have any questions please use our contact form or email us at info@soso.lk!