SpeedCash 1.0.9

APP Name: SpeedCash

SpeedCash is a platform dedicated to providing short-term loans to users, aiming to offer secure and trustworthy lending services. The platform's main goal is to establish a healthy and mutually beneficial relationship between itself and its users.

Application Conditions:

1. Citizens holding a Sri Lankan identity card
2. Aged between 18 and 65 years
3. Possession of a bank account in Sri Lanka
4. Capacity to repay

Application Purpose:

1. Download the SpeedCash app
2. Provide accurate personal information
3. Submit a loan application within the app
4. Upon approval, the loan amount will be directly transferred to the user's bank account

Product Description:

• Loan amount: 5000 to 85000 LKR
• Loan term: 91 days to 365 days
• Annual Percentage Rate (APR): 3% to 12%
• Management Fee: 1% to 5%
• Late Fees: Up to 0.1% per day (maximum of 18% of overdue amount)
• No hidden charges on loans; late payment penalties apply only for scheduled payments

For Example:

For a loan of 5000 LKR with an APR of 12% lasting for 91 days, the loan interest would amount to LKR 151.2, and the loan fee would be LKR 150.

The total amount borrowed remains at 5000 LKR, but after deducting fees, the user receives 4850 LKR (5000 LKR -150 LKR). The total repayment due is then calculated at 5151.2 LKR (5000 LKR +151.2 LKR).

Information Security:

User information is kept entirely secure through encryption and protection measures. The platform does not disclose user data to any third parties.

Contact Us:

• Name of Company: Samudhi Jaya Company Limited
• Address: No.26-9/3, Maligawatte Rd, Colombo
• Email: [email protected]
• Phone:793829282