What is the difference between daily fee and APR?

A daily fee is charged on short micro-loans intended for 5 to 30 days. APR (Annual Percentage Rate) standardizes the total cost over an entire 365-day year. Annualizing daily fees produces high APR numbers because the capital is only borrowed for a few days.

Does using this calculator affect my credit score?

No. Our calculator is 100% free, anonymous, and does not perform any credit inquiries or connect to CRIB.

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Interactive Financial Tool (Updated 2026)

Sri Lanka Online Loan Cost & EMI Calculator

Accurately calculate repayment amounts, daily fee surcharges, and monthly installment payments before accepting any loan agreement in Sri Lanka.

Priyantha Jayasuriya Financial Analyst

Lead Financial Analyst & Banking Specialist

MBA (Finance) - University of Colombo

Independently Audited & Verified

Published: 2026-08-25·Updated: 2026-08-25

Key Takeaways & Quick Summary

Calculate short-term daily fees (5–30 days) and multi-month installment EMIs (90–180 days).
Review annualized APR equivalents to compare digital lenders against bank rates.
Always verify that total repayment fits comfortably within your monthly take-home income.

Sri Lanka Loan Cost & EMI Calculator

Calculate exact repayment amounts, daily fee costs, and monthly installment EMIs before applying for any digital loan in Sri Lanka.

Loan Amount (LKR):Rs 20,000

Rs 5,000Rs 100,000Rs 200,000

Repayment Duration:14 Days

5 Days14 Days30 Days

Estimated Daily Fee (%/day):1.80% / day

0.5% (Promo)1.5% (Average)2.2% (Max)

Repayment Summary

Principal Borrowed:Rs 20,000

Estimated Total Fees / Interest:Rs 5,040

Total Amount Repayable:Rs 25,040

Find Lenders Offering This Amount

Indicative estimate based on standard lender schedules.

Important Note: Short-term digital loans carry higher annualized rates than traditional commercial bank loans. Borrow responsibly for urgent short-term needs only.

How to Use This Loan Calculator Effectively

In Sri Lanka, digital loan providers disclose costs in different ways. Some use flat daily fees (e.g. 0.5%–2.2%/day for CashX and CashLoan), while installment lenders (such as Monigo) disclose an Annual Percentage Rate (APR).

1. Short-Term Mode (5–30 Days)

Select this mode if you are seeking a fast payday bridge or emergency micro-loan to be settled in full on your next payday. Adjust the daily rate slider to match your lender’s contract.

2. Multi-Month Installment Mode (3–6 Months)

Select this mode if you are borrowing an installment loan where repayment is split into equal monthly installments. This calculates the standard amortization formula.

Loan Calculator Frequently Asked Questions

Daily fee is calculated as: Principal × (Daily Rate % ÷ 100) × Days. For example, borrowing Rs 20,000 for 14 days at 1.8% daily fee costs Rs 360 per day, resulting in a total fee of Rs 5,040 and total repayment of Rs 25,040.

Want to understand the formula behind the numbers?

Our interest calculation explainer walks through the exact math — daily fee vs EMI amortization.

Read the Formula Guide →