DaraLoan 1.0.15

DaraLoan is a reliable loan platform serving customers in Sri Lanka. The platform caters to individuals seeking financial assistance to support their business growth and address various daily financial requirements.

Application Process:

1. Download the DaraLoan App from the Google Play Store and complete the installation.
2. Register for an account using your mobile number.
3. Submit your loan application through the app.
4. Await approval notification.

Key Features of the Loan Service:

• Loan Amount: Up to Rs 100,000
• Loan Term: 91 to 365 days
• Service Fee: 6%
• Maximum APR (Annual Percentage Rate): 26%

Illustrative Example:

If you borrow Rs 100,000 at an 8% annual percentage rate for a tenure of 180 days (with a service fee of 6%):

• Daily interest rate = 8% / 365 = 0.022%
• Interest for 180 days = Rs 100,000 * 0.022% * 180 = Rs 3,960
• Service fee = Rs 100,000 * 6% = Rs 6,000

You will receive Rs 100,000 and should repay a total of Rs 109,960 (100,000 + 3,960 + 6,000).

Contact Information:

• Customer Service Email: [email protected]
• Address: 47 De Waas Ln, Colombo 01400