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Thursday, June 13, 2024

Sri Lanka’s First and Most Innovating Fintech Platform Loanme

We are fintech company an IT platform which is connecting loan originators and helping Sri Lankans who are seeking for financing their needs.

Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software. (Financial Technology – Fintech, J. Kagan Investopedia, 2020). Loanme consists a team of professionals in finance, marketing, customer service, and operations working towards providing a hassle-free service to our customers with more than 10 years of experience in the Fintech industry. We started our operations post COVID -19 in the month of August and now have begun to expand the organization after the successful completion of a trial period.

Innovativeness is one main key point we focus on, while the priority of bank and insurance business is to remain stable and use a middle-of-the-road approach, we strive to deliver unconventional solutions and ensuring world-class user experience across our platform is one of the main goals to be successful.

Our proposals are bespoke and tailored for a specific purpose. On top of that, innovators manage to develop the best systems in a short period and at a minimum cost known as financial application development. We are not only innovative regarding technology but also employ forward-looking business models. Although some of these innovations (mobile-apps and websites, non-traditional data sources) raise a high number of concerns, one can hardly deny their popularity. Our main focus is the customer, the traditional financial framework lacks simplicity, convenience, and optimal user experience. Banks’ official websites and mobile apps are usually flooded with text information and are extremely hard to navigate. In contrast to them, fintech projects follow cutting-edge trends and are aimed at engaging users. (Fintech and blockchain vs. traditional banking, Fintech News, J. Klotstermann, 2020).Our goal is to keep it simple, along with the maximum focus on clients, we seek optimal ways to address customer issues. Intuitive and easy-to-use products are based on a combo of high technologies, advanced business models, and a sophisticated approach. Clear and simple solutions deployed in financial application development attract more customers and increase the level of their satisfaction.

LoanMe designs its loans specifically to provide residents throughout Sri Lanka with access to the short-term credit solutions they need.

Residents need to have good credit score in order to obtain credit approval. Best of all, our online loan application is quick and easy. You can complete the entire online loan application process online with your laptop, desktop computer, smartphone, or tablet 24 hours a day and 7 days a week. Typically, it takes as little as five minutes to complete the online application, and we can provide instant loan decisions, so you never have to wait for a long time to know if we approved your loan.

By connecting consumers and loan originators Loanme ensures that each of the customers receives a tailored loan in a short period.

If approved, you can use these funds for any emergency, such as car repairs, groceries, medicine, gas or any other reasons. Most importantly, cash-advance options can help you take care of your family and tie you over until your next check comes in. This isn’t a cash advance to be a long-term solution to a financial crisis. Rather, these loans are for short-term purposes. These loans can be repaid over a short period of time and are for those who have the ability and resources required to repay. It is important that you evaluate this decision very carefully before applying for a payday loan as you must make sure you will have enough money to pay the loan back. In order to apply for a loan with LoanMe, you must be a resident of Sri Lanka. You also must have an active checking account, email, phone number, a proven source of income (employment has to be not less than 3 months), and the NIC. If the mentioned criteria are met and you are certain you can repay the loan, then a quick loan from LoanMe is a good option to go with.After completion of the application with personal details, you are required to upload the documents for our team to move forward with the verification process applications can only be submitted with the NIC and no other document. We have prepared a video guide of how to properly upload your personal documentswatch it here At LoanMe we require the following information: Income source, a valid bank account, national Identity card, contact information, including the home address, phone number, and email address, workplace details, contact number of an immediate family member. The application process is quick and easy and, in most cases, you’ll get an instant loan decision, following that decision one of our team members will reach out to you to gather other required information, verifications, and the repayment policy, upon completion of the repayment only after 30 days you are eligible to reapply for a loan with a higher amount.

An applicant can apply for loans starting from 5000 up to 40,000 LKR after each application is evaluated separately by combining and crosschecking all data collected from the applicant.

Most importantly, the underwriting workflow includes verification of a person’s identity by a tight collaboration with Government institutions, including the Police and Government Information Centre. You will be able to receive the loan within one business day.

Loanme exist to create the tools that help people unlock their full, incredible potential, and put their ideas into action, stay tuned for future blog articles which will be posted on the weekly basis. We welcome you to try out our platform by applying here.

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