Lotus Loan: Your Convenient Sri Lankan Online Loan Solution
Lotus Loan provides a streamlined and user-friendly online loan service in Sri Lanka, accessible anytime, anywhere via a mobile application. This eliminates the need for in-person visits to banks or lenders. Transparency is key; the platform clearly outlines loan terms, fees, and repayment schedules, ensuring borrowers understand the loan details before commitment.
Loan amounts range from RS 10,000 to RS 80,000, with repayment terms spanning 92 to 180 days and an annual interest rate up to 12%. Monthly payments are required, and the loan doesn't need to be repaid 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.
Six Key Advantages of Lotus Loan:
- Unmatched Convenience: Apply for loans anytime, anywhere using the intuitive mobile app, avoiding bank visits.
- Effortless Application: Enjoy a seamless and hassle-free borrowing experience.
- Complete Transparency: Access clear information on loan terms, fees, and repayment schedules.
- Flexible Loan Options: Choose from a variety of loan amounts and terms.
- Competitive Interest Rates: Benefit from competitive interest rates with a maximum APR of 12%.
- Straightforward Eligibility: Simple requirements: Sri Lankan citizenship, age 22+, bank account, and stable income.
