Loanme - Instant Cash APP APK 1.0.3

Loanme - Instant Cash APP APK is a personal credit app developed by Loanme Finance. It is a free financial platform that caters to individuals in Sri Lanka who are in need of instant cash. With this app, users can borrow up to 50,000 Sri Lankan rupees with fast approval processes and flexible payment options.

Using Loanme - Instant Cash APP is similar to other online lending apps like MudraKwik in India or WowPera in the Philippines. However, it is important to note that this app is only available for users in Sri Lanka and requires a national identity card for registration. Users must also have an active bank account with a recognized financial institution and be between the ages of 20 and 60. Additionally, users must be currently employed with a steady income.

Once registered, users can easily take out loans ranging from 8,000 to 50,000 Sri Lankan rupees. The app offers flexible payment terms, allowing users to choose repayment periods of three to 12 months. It is worth mentioning that shorter repayment periods come with lower interest rates. The app itself features a streamlined layout and provides helpful guides for new users to navigate the platform easily.

Loanme - Instant Cash APP has gained trust and popularity among the Sri Lankan market. However, it is important to note that failing to make timely payments can result in severe consequences. The app charges a high annual percentage ratio of over 120% and imposes an origination fee. Additionally, there is a hefty late payment fee that is applied immediately.

Overall, Loanme - Instant Cash APP is considered one of the most reliable personal loan apps in Sri Lanka. It offers flexibility in loan amounts and repayment terms and provides helpful resources for new users. While the approval process may be stringent, users can expect fast access to the borrowed funds.