Loanme 1.8.12

Loanme offers online financing solutions in Sri Lanka with cutting-edge artificial intelligence technology and established financial protocols, paving the way for innovation in the field. The platform serves as a connection between loan originators and customers seeking financial assistance. They provide a streamlined online loan application process, ensuring a seamless and efficient user experience by eliminating paperwork, intricate approval processes, and the need for guarantors.

Key features of the application process include downloading and installing the Loanme App, completing a straightforward application form with personal details, National Identity Card (NIC) information, bank account details, and document uploads. Following this, the approval process typically concludes within 10 minutes, with borrowers receiving an SMS notification regarding their loan status. The borrowed funds are promptly transferred to the applicant's bank account by Loanme's partnering institutions.

Requirements for loan application include possessing a valid NIC card, an active bank account with any financial institution, being between 20-60 years old, and maintaining stable employment with a consistent income for at least three months.

Loan amounts ranging from Rs. 8,000 to Rs. 50,000 are available with repayment terms of 3, 6, or 12 months. The minimum Annual Percentage Ratio (APR) stands at 13.68%, while the maximum caps at 123.6%. Repeat customers may benefit from reduced rates.

Representative examples of loan costs are provided for both minimum and maximum repayment periods, including relevant details such as loan principle, tenure, interest rates, and total costs incurred.

The platform is operated by Fintech Software Solutions (Private) Limited under the brand name Loanme. For further information or inquiries, kindly visit their website at Loanme, contact via email at [email protected], or engage with their fanpage on Facebook.