Lotus Loan - Sri Lanka
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Application Description
Lotus Loan: Your Convenient Online Loan Solution in Sri Lanka
Lotus Loan offers a streamlined online loan service in Sri Lanka, providing a hassle-free borrowing experience accessible anytime, anywhere via a user-friendly mobile app. Say goodbye to bank visits! The platform prioritizes transparency, clearly outlining loan terms, fees, and repayment schedules for informed decision-making.
Loans range from RS 10,000 to RS 80,000, with repayment periods spanning 92 to 180 days and an annual interest rate up to 12%. Monthly payments are required, but borrowers aren't obligated to repay within the initial 92-day period.
Eligibility requires Sri Lankan citizenship, being over 22 years old, possessing a bank account, and demonstrating a stable income. Customer support is available from 8:30 am to 5:30 pm.
Key Advantages of Lotus Loan:
- Unmatched Convenience: Apply for loans anytime, anywhere using the mobile app, eliminating the need for in-person visits.
- Effortless Application: Enjoy a smooth and simple loan application process.
- Complete Transparency: All loan terms, fees, and repayment schedules are clearly displayed.
- Flexible Loan Options: Choose from a variety of loan amounts and repayment terms.
- Competitive Interest Rates: Benefit from competitive interest rates with a maximum APR of 12%.
- Straightforward Eligibility: Simple eligibility criteria ensure a quick and easy application process.
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