Loan App is an informational application that helps you find online loan services and connect with third-party financial institutions in Sri Lanka. Loan App does not provide loans, does not collect financial documents, and is not involved in the loan approval process. Loan application is completely externalized within the Kandara website.
Loan Tenure
The loan tenure offered varies depending on the third-party loan service provider. According to the information provided in Sri Lanka, the loan tenure generally ranges from a minimum of 91 days to a maximum of 365 days. Loan App does not display repayment terms of less than 60 days.
APR (Annual Percentage Rate)
According to third-party website data, the Annual Percentage Rate (APR) in Sri Lanka generally ranges from 1% to 31% per annum. The interest rate may vary depending on the term and the applicant's situation. Loan App does not calculate APR.
Sample Example
(Information is for illustrative purposes only)
Loan Amount: Rs. 5,000
Tenure: 121 days
Service Fee: 0%
Monthly Payment (Example): Rs. 2,867
Total Payment (Example): Rs. 8,600
This is a typical example provided on external websites. Loan App does not determine fees, interest, or total payments.
Eligibility
Must be over 18 years of age
Must be a citizen of Sri Lanka
If required, details and documents must be provided to a third party
The loan service provider will indicate which documents are required.
Important Legal Notice
Loan App is not a bank or lending institution. We do not approve loans, provide agreements, or transact loans. All loan applications, agreements, payments, or financial decisions are made between the user and the third-party loan service provider.
Privacy
The app does not request personal financial documents. All document submissions, verifications, and applications are done directly on the external website.
Use with responsibility
As borrowing is a financial responsibility, it is essential that you monitor the terms of the loan and make the right decisions. The Borrow App is only a means of providing information.