LuckyLoan

【APP Introduction】
LuckyLoan is a platform that focuses on serving users who need short-term loans. It will provide users with safe and reliable loan services.
Ideal: Establish a healthy and good lending relationship between the platform and users.
 
【Application Conditions】
1. Citizens holding a Sri Lankan identity card
2. Age must be between 18-65 years old
4. Have a bank account in Sri Lanka
3. Ability to repay
 
【Application Purpose】
1. Download the app (LuckyLoan)
2. Fill in your real information
3. Apply for a loan within the app
4. After approval, the loan amount will be transferred directly to the user's bank account

【Product Description】
Loan amount - 5000 to 85000 LKR
Loan term - 91 days to 365 days
- APR: 3% to 12% per annum
- Management Fee - 1% to 5%
Late Fees Late fees of up to 0.1% per day (up to 18% of the overdue amount) are charged. There are no other secret fees on your loan.
- Users will only be penalized for late payment of scheduled payments.

【For Example】
APR 12% (per annum) 5000 LKR loan with a term of 91 days
Loan interest = 5000LKR x 12% / 365 x 92 = LKR 151.2
Loan Fee = 5000 LKR x 3% = 150 LKR
Total loan = 5,000 LKR
The total loan amount is 4850 LKR (50,000 to 1,500 LKR).
The total loan that needs to be repaid is 5151.2 LKR (5000 LKR + 151.2 LKR).
- Repayment of 5151.2 LKR due
 
【Information Security】
User information is absolutely safe.
All information is encrypted and protected, and we do not share user data with any third parties.