Lotus Loan - Sri Lanka

Lotus Loan is an online loan service in Sri Lanka that offers a seamless and hassle-free borrowing experience. Borrowers can apply for loans anytime, anywhere using the user-friendly mobile application, eliminating the need for physical visits to banks or lenders' offices. The platform provides clear information about loan terms, fees, and repayment schedules so that borrowers know exactly what they're getting into before accepting a loan. The loan amount provided ranges from RS 10,000 to RS 80,000, with a loan term of 92 to 180 days and an interest rate of up to 12% per year. Regular monthly payments are required, and borrowers are not required to pay off the loan within 92 days. To be eligible for the loan, the borrower must be a Sri Lankan citizen over 22 years of age, have a bank account, and have a stable income. Customer service and support are available from 8:30 am to 5:30 pm.

The six advantages of LotusLoan software are as follows:

- Convenient Accessibility: Borrowers can apply for loans at any time and from anywhere using the user-friendly mobile application, eliminating the need for physical visits to banks or lender offices.

- Hassle-free Borrowing Experience: LotusLoan offers a seamless and hassle-free borrowing experience, making the loan application process smooth and convenient.

- Clear Information: The software provides clear information about loan terms, fees, and repayment schedules, ensuring that borrowers understand what they are getting into before accepting a loan.

- Loan Options: LotusLoan offers a range of loan options, with loan amounts ranging from RS-000 to RS-000 and loan terms ranging from 92 to 180 days.

- Competitive Interest Rates: The software provides competitive interest rates, with a maximum Annual Percentage Rate (APR) of -0% applied to all loans advised by LotusLoan.

- Eligibility Requirements: To get a loan through LotusLoan, borrowers need to be Sri Lanka citizens, over 22 years old, have a bank account, and have a stable income.