LB CIM Merchant

LB Finance PLC

About this app

LB Cash In Mobile (CIM) Merchant is an ultra-simple mobile wallet that enables you to do all your cash transactions easily and securely through your mobile phone.
Brought to you by LB Finance PLC, the Peoples Financial Service Provider of the Year 2019, CIM is the only trilingual mobile wallet application in Sri Lanka. Our mobile wallet is developed using the Lanka QR payment system developed by Lanka Clear which operates under the guidance and supervision of the Central Bank of Sri Lanka.

LB CIM Business allows you to;
- Receive payments from LB CIM users at your store with greater convenience
- Monitor your store sales & transactions real time easily from your mobile phone
- Scan and pay using Lanka QR at our wide network of CIM merchants
- Send money to other CIM wallets or receive money using the mobile number
- Reload mobile phones and make bill payments
- Transfer money to any bank account
- Top-up your wallet balance by linking and pulling money from any of your bank accounts

By joining with LB CIM Business you will get countless benefits including;
- Faster payments by removing the hassle of keeping change or counting cash
- Instantly bank your cash and start earning interest from the point of the sale
- Join with CIM and do promotions to increase the sales of your store
- Switch easily from store mode to customer mode through a single switch
- Receive attractive discounts and gifts when you get on board CIM promotions
- All payments can be done at your fingertips from your phone
- Earn interest for the money in your wallet
- Maximum security for your money
- Extensive customer support by our field agents and dedicated call center to help you on-board and use CIM facilities

Personal Loan Eligibility:
* Basic salary should be above Rs. 17,000 per month
* Age should be above 18
* Should be a registered user of LB CIM Business Wallet

How to apply for a LB Personal Loan:
* Log in to the app by registering through your social media pages
* Fill your details and upload basic documents to initiate the digital KYC process
* Apply for a loan and once it has been approved, one of our agents will assist you to complete the KYC process

Documents required for Personal Loan:
* Proof of identity (NIC/Passport/Driving License)
* Proof of address
* Proof of income (Pay slips and Salary account bank statements)


Personal Loan Repayment Period:
* Minimum repayment period - 3 months
* Maximum repayment period - 12 months
* Minimum and Maximum Loan amounts for each Tenor:
* 12 Months Loan - Starting from Rs. 25,000 up to Rs. 100,000

Annual Percentage Rate(APR) on loan products:
* 12 Months - 26%
* 09 Months - 27.04%
* 06 Months - 28.39%
* 03 Months - 32.44%

Sample loan calculation (12 Months):
* Loan Amount: Rs 77,000 at an interest rate of 2.00% per month (Flat Rate)
* Loan Duration: 12 Months
* Total Interest = Rs 18,480
* Processing Fees (PF) [ 2% of the requested loan amount ]= Rs 1,540
Stamp Duty [ 0.1% of the requested loan amount ]= Rs 77 (This is to be recovered and paid to the Govt.)
Total Deductibles (PF + Stamp Duty): Rs 1,617

In-Hand Amount: Loan Amount - Total Deductibles = Rs 77,000 - 1,617 = Rs 75,383
Total Repayable Amount: Rs 95,480
No of Equal Monthly Rentals: 12
Equal Monthly Rental (EMI) Amount: Rs 7,957

** The deductibles (PF + Stamp duty) is deducted upfront during the loan disbursal.


We need the following permissions for the app to function properly:
Location: Required to verify your current location for the loan application
Social media profile -Required to fetch the verified Facebook, LinkedIn and Google accounts for registration on the app.
Contacts: To find accounts on the device and read your contacts
Camera & Media Access: Required for enabling upload of loan application documents
Read Device Info: Required to link the unique phone ID (IMEI) to the loan application for security purposes