KreditOne

App Name: KreditOne

App Overview:
KreditOne serves as a platform tailored for individuals seeking short-term loans, emphasizing secure and dependable lending services. The platform aims to cultivate a healthy and beneficial lending relationship between itself and its users.

Eligibility Criteria:

• Sri Lankan citizens holding a valid identity card
• Aged between 18 to 65 years
• Must possess a bank account in Sri Lanka
• Demonstrated ability to repay the loan

Application Process:

1. Download the KreditOne application.
2. Provide accurate personal information.
3. Submit a loan application through the app.
4. Upon approval, the loan amount will be deposited directly into the user's bank account.

Product Details:

• Loan amounts range from 5,000 to 85,000 LKR.
• Loan terms span from 91 days to 365 days.
• An annual percentage rate (APR) between 3% to 12% applies.
• A management fee of 1% to 5% is charged.
• Late fees accrue at a rate of up to 0.1% per day (capped at 18% of the overdue amount). There are no hidden fees associated with the loan. Users incur penalties solely for missed payments.

Example Calculation:
An APR of 12% on a 5,000 LKR loan with a term of 91 days results in the following calculations:

• Interest = 5,000 LKR x 12% / 365 x 92 = 151.2 LKR
• Loan Fee = 5,000 LKR x 3% = 150 LKR
• Total advance = 5,000 LKR

Information Security:
User information is strictly safeguarded. All data is encrypted and protected from unauthorized access, and user information is not shared with third parties.

Contact Information:
Name of Company: EAZEFIN (PRIVATE) LIMITED
Address: NO 5 BETHESDA PLACE，OFF DICKMANS ROAD，COLOMBO 04
Email: [email protected]
Phone: 0721502185