LoanPlus

LoanPlus is one of the leading non-banking financial institutions committed to offering prompt and seamless financial solutions to individuals across Sri Lanka.

Their mission is to ensure quick access to funds without the typical delays associated with traditional banking loans. We understand the challenges borrowers face when it comes to lengthy procedures and extensive documentation, and we’re here to simplify the borrowing experience.

Tailored Financial Solutions at LoanPlus

At LoanPlus, we are committed to providing customized loan solutions that swiftly address the diverse financial needs of our clients. These tailored loans are accessible without the need for collateral or proof of income, ensuring quick access to financial assistance. Our loan offerings include:

Versatile Loan Amounts

Our loan amounts range from Rs. 5,000 to Rs. 80,000, providing a versatile array to accommodate various financial needs, whether for unexpected emergencies or planned expenses.

Flexible Loan Terms

We offer customizable loan terms spanning from 5 to 30 days. This flexibility empowers borrowers to select a repayment period that perfectly aligns with their unique financial circumstances, ensuring stress-free repayment options.

Competitive Interest Rates

LoanPlus presents fee 2.2% per day, catering to different financial capacities. Borrowers have the autonomy to choose rates that match their financial capabilities, providing affordable and manageable repayment options.

Expedited Decision-Making Process

Acknowledging the urgency often associated with financial needs, our platform ensures rapid decision-making. Loan decisions are swiftly processed within a remarkable time frame of 5–15 minutes, addressing urgent financial requirements effectively and promptly.

Understanding Loan Eligibility

We believe in inclusive access to financial assistance. Our eligibility criteria are straightforward and inclusive. Borrowers need to meet minimal criteria that prioritize age, employment status, and accurate personal details to ensure a streamlined application process.

Applying for a loan at LoanPlus involves meeting straightforward criteria:

• Age and Employment: Applicants should be aged between 20 and 60 years and either employed or possess a stable income source.
• Accurate Information: Providing accurate personal and bank account details is crucial for a swift and seamless application process.
• Verification Requirements: Including an NIC, Passport, or Driving License photo aids in identity verification, ensuring security.

Are You Eligible to Apply for Our Online Loan at LoanPlus?

LoanPlus prioritizes a hassle-free and streamlined application process, ensuring convenience and efficiency for our valued clients. If you are eligible, here’s our streamlined application process to start your financial independence journey:

Application Procedure at LoanPlus

Accessing Our Platform

Customers can easily access our official website or download our mobile app, available on Google Play or the App Store. These user-friendly platforms offer a seamless interface for loan applications.

Utilizing the Loan Calculator

Our platform features an intuitive loan calculator. Clients can choose their desired loan amount and initiate the application process by clicking the “Apply for a Loan” button. This convenient tool enables borrowers to select their preferred loan amount effortlessly.

Registration Form Completion

During the application, users are required to fill in a registration form. It is essential to provide accurate and detailed bank account information for seamless processing of the loan application. Accuracy in information submission expedites the verification and approval process.

Verification Process

Following the registration, applicants need to adhere to the provided instructions for the verification process. These verification steps are crucial for confirming the applicant’s identity and ensuring the security of the lending process.

Swift Application Decision

LoanPlus assures applicants of a rapid decision-making process. Expect a loan decision within 15 minutes of submitting your application. Notifications regarding the decision are promptly conveyed via SMS or within the applicant’s personal account.

Prompt Disbursement of Funds

Upon approval, the loan amount is swiftly disbursed according to the client’s preferred method. Our platform ensures a quick and efficient transfer of funds, providing borrowers immediate access to the approved loan amount.

How an Online Loan Can Offer Assistance in Challenging Situations

In various situations, online loans can serve as a much-needed financial lifeline, swiftly addressing pressing monetary needs. Here are scenarios where an online loan can be particularly beneficial:

Urgent Medical Expenses

Facing unexpected medical bills or emergencies often requires immediate financial support. Online loans offer a quick remedy to cover such unforeseen expenses, ensuring access to timely medical assistance without adding to financial stress.

Unforeseen Home Repairs

Sudden home repair needs can strain budgets. Online loans provide an accessible solution to handle repairs promptly, maintaining the integrity of your home without delay.

Education Expenses

Pursuing educational courses or certifications sometimes demands immediate financial commitments. Online loans bridge the financial gap, allowing individuals to invest in their educational pursuits without worrying about immediate funding.

Vehicle Repairs or Emergencies

Vehicle breakdowns or unexpected repairs can disrupt finances. Online loans provide swift financial support to resolve such vehicular issues promptly, ensuring you’re back on the road without prolonged financial strain.

Unforeseen Travel or Relocation Needs

Occasions demanding immediate travel or unexpected relocations can strain finances. Online loans offer a quick solution, ensuring access to funds for such urgent situations.

Wedding or Celebration Costs

Weddings or unexpected celebrations may require immediate funding. Online loans assist in covering such expenses, ensuring these significant moments are not hindered by financial constraints.

Miscellaneous Unplanned Expenses

Emergencies, large or small, can arise unexpectedly. Online loans serve as a safety net for various unforeseen financial needs, providing timely assistance during critical moments.

Understanding Repayment Procedures with LoanPlus

Repaying loans with LoanPlus is a straightforward process, ensuring borrowers can meet their repayment obligations seamlessly. Here’s a breakdown of how repayment works:

Multiple Repayment Channels

LoanPlus offers various convenient channels for loan repayments. Borrowers can choose from multiple payment options, including:

• Direct Bank Transfers: Facilitating repayment through bank transfers via Sampath Bank, Cargills Bank, Hatton National Bank (HNB), or other banking institutions.
• Instant Payment Kiosks: Quick repayment options available through Pay&Go kiosks, ensuring prompt and hassle-free payments.

Flexible Repayment Periods

Borrowers benefit from flexible repayment periods that align with their financial capabilities. The repayment period for loans can vary from 5 to 30 days, providing borrowers the flexibility to choose a time frame that suits their financial situation best.

Prompt and Secure Transactions

LoanPlus prioritizes secure and swift transactions. Once borrowers initiate repayment, the system ensures that transactions are processed promptly and securely, providing peace of mind and confidence in the repayment process.

Accessible Customer Support at LoanPlus

At LoanPlus, we prioritize customer satisfaction and support throughout your loan journey. Our customer support team is dedicated to assisting borrowers at every step of their loan experience. Whether you have inquiries regarding the application process, loan terms, or repayment procedures, our team is available to provide comprehensive assistance.

Tips for Responsible Borrowing

Responsible borrowing is essential to maintain financial stability. Here are three key tips to become a responsible borrower:

Assess Your Financial Capability

Before borrowing, assess your financial situation thoroughly. Understand your income, expenses, and existing financial obligations. Only borrow an amount that you can comfortably repay within the stipulated time frame.

Understand Loan Terms and Conditions

Read and comprehend the terms and conditions of the loan agreement. Pay attention to interest rates, repayment schedules, and any associated fees. Ensure you understand all aspects of the loan to avoid unexpected financial burdens later.

Timely Repayment

Adhere to the agreed-upon repayment schedule. Ensure timely payments to avoid penalties and maintain a good credit score. Timely repayment not only avoids additional charges but also enhances your creditworthiness for future borrowing needs.