LoanMe Loan Sri Lanka Review – How to Secure Fast and Convenient Online Loans 24/7

In recent times, the need for quick and accessible financial solutions has surged, leading many individuals to explore online loan services like LoanMe. The growing demand for loans has prompted numerous inquiries regarding LoanMe’s lending platform. Potential borrowers want to understand the application process, loan eligibility, interest rates, and most importantly, whether LoanMe is a reputable service or a scam. In this review, CashLoanLK aim to address all these queries and provide you with valuable insights into LoanMe.


About LoanMe Sri Lanka

What is LoanMe?

LoanMe is an online lending platform ( operated by Fintech Software Solutions (Private) Limited, a company registered under the laws of Sri Lanka with company registration number pv00224207, granted by the Registrar of Companies in Colombo.

Company Information

  • Contacts: +94117877555 –
  • Address: Valiant Towers # 46/7, Nawam Mawatha, Colombo 2, Sri Lanka
  • Working Hours: Monday – Friday, 9 am – 6 pm

LoanMe specializes in providing online cash loan solutions through its mobile app and website. Borrowers can access loans ranging from LKR 5,000 to LKR 40,000 with minimal requirements, typically only needing a selfie and NIC photograph for verification.

Advantages of Borrowing from LoanMe

Free Online Loan Application Advice: LoanMe offers free advice on registering for loans online. Their support team assists applicants in navigating the loan application process with ease.

Simple Application Process: Applying for a loan through LoanMe is straightforward. Borrowers are only required to submit a National Identity Card (NIC) as part of the application process.

Rapid Loan Processing and Disbursement: LoanMe prides itself on its efficient service. They promise a quick turnaround, with the application process taking just five minutes. Once approved, borrowers can expect to receive their funds within 30 minutes.

10 Days of Interest-Free Borrowing for First-Time Customers: For first-time borrowers, LoanMe provides a unique offer of 0% interest for the initial 10 days. This gives new customers the flexibility to repay their loans without incurring interest charges during this period.

Speedy and Professional Service: LoanMe is known for its fast and professional service. Borrowers can expect a smooth and hassle-free experience when dealing with their loan requests.

Secure and Paperless Loan Approval: LoanMe offers a secure and paperless loan approval process. This means that borrowers’ personal information is kept confidential and there’s no need for extensive paperwork.

Confidential Handling of Borrower Information: LoanMe prioritizes the privacy of its customers. All borrower information is treated with the utmost confidentiality.

Direct Transfer of Loan Amount to Your Bank Account: Once approved, the loan amount is transferred directly to the borrower’s bank account, ensuring quick access to funds.

Loan Eligibility at LoanMe

To be eligible for a loan from LoanMe, applicants must meet the following criteria:

  • Currently employed for a minimum of three months
  • Maintain a steady source of income

Meeting these employment and income requirements is crucial for loan approval.

Interest Rates and Loan Limits at LoanMe

First Loan: 0% Interest Rate, No Additional Fees For first-time borrowers, LoanMe offers a special promotion with a 0% interest rate on their initial loan. This means that borrowers only need to repay the principal amount by the due date, without incurring any additional fees.

Loan Amounts: LKR 5,000 to LKR 40,000 LoanMe provides loans ranging from LKR 5,000 to LKR 40,000. These loans have a maximum term of 120 days.

Example of Repeat Loan Terms For example, if you borrow LKR 8,000 for a repeat loan, the breakdown might look like this:

  • Principal: LKR 8,000
  • Interest Rate: LKR 91 (APR 13.68%)
  • Fee: LKR 3,508
  • Total Repayable Amount: LKR 11,600

Repayment Guidelines for LoanMe

LoanMe offers various repayment options to suit borrowers’ preferences:

Supermarket Chain: Cargills FoodCity

  • Visit one of the 350+ Cargills outlets.
  • Fill out the Cargills Cash Deposit Slip with the following information and hand it over to the cashier:
    • Account holder’s name: “Loanme”
    • Customer Ref. No. field: Enter your loan agreement number [L******* LOAN AGREEMENT NUMBER]
  • Keep your payment receipt as proof.
  • Loans will be marked as ‘Settled’ upon receiving an image of the payment slips on the official WhatsApp: 0760977306.

Online Card Payment

  • Click on “Repay the loan” on the LoanMe website.
  • Select the LoanMe icon.
  • Enter your NIC number.
  • Input the repayment amount and your email address.
  • Provide your card details.
  • The process is 100% automatic, eliminating the need to send payslips.

Pay&Go Kiosks (No Commission)

  • Find the nearest Pay&Go kiosk by visiting
  • Select “Banks and Leasings.”
  • Locate the “Loanme” logo and press it.
  • Enter your NIC number and follow the prompts from the system.
  • After making the payment by inserting banknotes, be sure to print the receipt for your records.
  • This method is also 100% automatic, eliminating the need to send payslips.

Is LoanMe a Trustworthy Lending Platform?

Trustworthiness is a crucial factor when considering any lending platform. Here’s a closer look at LoanMe’s credibility.

LoanMe’s Reputation: LoanMe is a relatively new player in the Sri Lankan lending market. While this might raise concerns, it’s essential to note that LoanMe operates as a financial intermediary, connecting investors with borrowers. It also has a presence in foreign markets, where it has garnered a positive reputation with no reported scams or fraudulent activities.

LoanMe Impersonation Scams: However, it’s worth noting that there have been instances of fraudulent entities posing as LoanMe to collect debts and request payments. To avoid falling victim to scams, borrowers should exercise caution, verify the authenticity of any payment requests, and directly contact LoanMe’s official channels for inquiries.

Responsible Borrowing: As with any lending platform, responsible borrowing is crucial. Borrowers should carefully consider their financial situation before taking out a loan. While LoanMe offers convenience and speed, borrowers should ensure they can meet the repayment obligations to maintain their financial well-being.

What Happens If You Don’t Repay a Loan from LoanMe?

It’s important to understand the consequences of not repaying a loan from LoanMe.

Debt Collection by LoanMe If you fail to repay your loan on time, LoanMe may initiate debt collection efforts. This can involve contacting you through various means, including phone calls and written communication, to remind you of your outstanding debt.

Being Blacklisted and Restricted from Future Borrowing Additionally, failing to repay your loan can result in being placed on a blacklist maintained by LoanMe, which may prohibit you from borrowing from them in the future. This can have long-term financial consequences, so it’s essential to meet your repayment obligations.


LoanMe is a legitimate and reputable online lending platform in Sri Lanka, offering a convenient and efficient way to access cash loans. Borrowers can benefit from its user-friendly approach, quick approval process, and confidentiality of their personal information. However, borrowers should be responsible and ensure they meet their repayment obligations to avoid any adverse consequences.


The convenience of borrowing from LoanMe, including its straightforward application process, rapid loan processing, and a range of repayment options, makes it a viable option for individuals in need of quick financial assistance. Nevertheless, financial responsibility remains paramount, and borrowers should only take out loans that they can comfortably repay.

As with any financial decision, it’s advisable to carefully read and understand the terms and conditions of the loan agreement before proceeding with a loan application. Additionally, if you encounter any suspicious activities or entities claiming to be LoanMe, it’s essential to verify their authenticity through official channels to protect yourself from potential scams.

5/5 - (6 votes)

ශ්‍රී ලංකාවේ අඩු පොලී අනුපාතයක් සහිත හොඳම ඔන්ලයින් ණය

Loan type

Short term

For a period of

30 days

Rate ()

1.00% / day

Loan amount

40000 €

Approval in

5 minutes

First loan free


Loan type

Short term

For a period of

122 days

Rate (ARP)

12.00% / year

Loan amount

40000 $

Approval in

15 minutes

First loan free


Loan type

Short term

For a period of

28 days

Rate ()

0.04% / day

Loan amount

60000 $

Approval in

0 minutes

First loan free


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