Loanme

Loanme – With highly advanced artificial intelligence technology and proven financial strategies, we bring innovation and change into the online financing industry in Sri Lanka. Our platform connects loan originators with the customer segment which requires financial support. We offer to take loans online with great convenience and ensuring the best user experience in the industry. Customers applying for financial solutions from us can complete the entire process online, eliminating paperwork, complex approval procedures, and guarantors at the same time.

User-friendly application process
To get started all you need to do is download and install the Loanme App, fill out a simple application form with your details, your NIC-card, bank account number as well as upload your documents. Done - the approval process will take just 10 minutes after you will receive an SMS-message with the loan status and your cash loan will be instantly sent by our partners to your bank account.

What are the requirements?
1. Valid NIC card
2. Active bank account with any bank
3. Aged between 20-60 years old
4. Currently employed for at least 3 months and with a steady income

Amounts:
Rs. 8,000 - Rs. 50,000

Terms:
3 months
6 months
12 months

Minimum loan repayment period: 3 months (90 days)
Maximum loan repayment period: 12 months (365 days)

Minimum Annual Percentage Ratio (APR) : 13.68%
Maximum Annual Percentage Ratio (APR) : 123.6%

The standard rate can be reduced for repeat customer

A representative example for Minimum loan repayment period:
Loan Amount (Principle): Rs. 25,000.00
Tenure: 3 months
Interest rate: 45% per annum
Monthly interest cost: Rs. 937.50
Processing Fee (one time): LKR 500.00
Total Loan Fees: 3,312.50
Total Loan Cost: 28,312.50
Annual Percentage Ratio (APR): 54%

A representative example for Maximum loan repayment period:
Loan Amount: Rs. 25,000.00
Tenure: 12 months
Interest rate: 45% per annum
Monthly interest cost: Rs. 937.50
Total Loan Fees: 11,750.00
Total Loan Cost: 40,062.50
Annual Percentage Ratio (APR): 48%

© 2020 ALL RIGHTS RESERVED TO FINTECH SOFTWARE SOLUTIONS (PRIVATE) LIMITED. FINTECH SOFTWARE SOLUTIONS (PRIVATE) LIMITED IS A COMPANY DULY INCORPORATED AND REGISTERED UNDER THE LAWS OF SRI LANKA, WITH COMPANY REGISTRATION NO. PV119833 GRANTED BY REGISTRAR OF COMPANIES AT COLOMBO. FINTECH SOFTWARE SOLUTIONS (PRIVATE) LIMITED OPERATES THE ONLINE PLATFORM WHICH CONNECTS THE BORROWERS WITH THE LENDERS, WHILE ITSELF FACILITATING LOAN PROCESS AS A LENDER OR LOAN PROVIDER. FINTECH SOFTWARE SOLUTIONS (PRIVATE) LIMITED OPERATES THE ONLINE PLATFORM UNDER THE BRAND NAME, LOGO, AND TRADEMARK OF "LOANME".

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Website: https://loanme.lk/
Email: info@loanme.lk
Fanpage: https://www.facebook.com/loanme.lk/