DaraLoan

DaraLoan is a trustworthy loan platform in Sri Lanka. We provide mobile loan services for customers who need money to grow their businesses or for any other daily financial needs.

How to APPLY:
1. Download the DaraLoan App from the Google Play Store and install it.
2. Create an account with your mobile number.
3. Submit a loan application.
4. Wait for approval.

Loan Features:
- Loan Amount: up to Rs 100,000
- Loan Term: 91 days to 365 days
- Service Fee: 6%
- Maximum Annual Percentage Rate (APR): 26%

Example:
If the loan amount is Rs 100,000 and the APR is 8% per annum with a tenure of 180 days, the service fee is 6%:

- Daily interest rate = 8% / 365 = 0.022%
- Interest for 180 days = Rs 100,000 * 0.022% * 180 = Rs 3,960
- Service fee = Rs 100,000 * 6% = Rs 6,000

You will receive Rs 100,000 and should repay Rs 109,960 (100,000 + 3,960 + 6,000).

CONTACT US:
- Customer Service Email: service@daraloan.com
- Address: 47 De Waas Ln, Colombo 01400