FastRupee – Instant Cash loan 1.0.18.18-google

The FastRupee Instant Cash Loan app is designed for individuals in Sri Lanka seeking swift financial solutions for urgent needs. This application allows users to secure a cash advance efficiently, catering to emergencies such as medical expenses, gifts, or everyday costs when salaries fall short.

Key Features of FastRupee Cash Loan Products:

• Loan Amount Range: 5,000 - 50,000 LKR
• Loan Period: 91 days - 180 days
• Daily Interest Rate: 1%
• Maximum Annual Percentage Rate (APR): 365%
• Coverage Area: Nationwide accessibility within Sri Lanka

An example of how interest is calculated on a loan can be illustrated as follows: For a loan of 5,000 LKR over a period of 91 days at a daily interest rate of 1%, the total repayment amount would be calculated as follows: 5,000 LKR * (1 + 1% * 91) = 9,550 LKR.

Frequently Asked Questions regarding the FastRupee Instant Cash Loan app:

1. How do I apply for a payday loan via the app?
   The process is straightforward:
   • Access the app on your smartphone or tablet.
   • Select your desired loan amount.
   • Complete the application form within approximately five minutes.
   • Await verification through SMS or phone call.
   • Funds will be transferred to your bank account.
2. What are the benefits of using FastRupee?
   The service offers several advantages:
   • No collateral required – it is an unsecured lending service.
   • No in-office visits necessary, saving you time.
   • Simplicity in utilizing only your valid ID for processing.
   • No additional fees for first-time borrowers; you only repay the loan amount.
   • Funds disbursed instantly within five minutes post-approval.
   • The potential to increase borrowing amounts over time, escalating from as low as 3,000 to up to 50,000 LKR for returning clients in good standing.
3. Who qualifies for a cash loan?
   Eligibility criteria include:
   • Must be a Sri Lankan citizen aged at least 18 years.
   • A valid identification document and a mobile phone number are required.
   • Status as either employed or self-employed is necessary.
4. What documentation is required for personal loans?
   To secure a personal loan, applicants must provide:
   • A valid ID
   • A smartphone or tablet with internet access
   • A banking account
5. How soon will I receive the loan funds?
   Typically, approval occurs within five to thirty minutes. Most applicants will receive an automated SMS notification regarding their application status; alternatively, they may receive a follow-up call. Once approved, funds will be disbursed within five minutes.
6. What are the borrowing limits?
   For first-time applicants, loan amounts can range between 3,000 and 7,000 LKR. Clients who have borrowed previously and are in good standing can qualify for amounts up to 50,000 LKR.