ROBOCASH - Loans up to 25000 RS - Review

✔ No collateral, no payslips or proofs of billing
✔ Loan amount up to RS 25 000
✔ 0% interest and fees

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ROBOCASH - Loans up to 25000 RS - Review

What is Robocash loan in Sri Lanka?

Robocash loan is an innovative financial solution offered in Sri Lanka. It's a hassle-free loan available online to help you meet your credit needs quickly. You can apply for up to Rs 60000 within minutes of submitting the basic information required, and you will receive an instant decision on your application.

With a fixed repayment period and competitive rates of interest, Robocash loans offer access to flexible funding options with low effort requirement. The entire process of applying and getting the money has been made simple and quick, allowing users to conveniently secure financing without any problems.

How does money lender Robocash loan work Sri Lanka

Robocash Loan is a unique financial service in Sri Lanka that provides online loans quickly and easily. It offers loans from Rs 10000 to Rs 60000 within just 24 hours of an application being approved – no paperwork or collateral required. Interest rates are competitive, so customers can make sure they get the best value for their money. The process is simple: Customers just need to register on the portal, submit their profile with required information and documents, and wait for approval.

Once approved, the funds are transferred directly into the customer’s bank account within 24 hours, so they can start solving their financial needs without any hassle. With convenient repayment plans available, Robocash Loan is an ideal option for anyone who needs quick access to funds in a tough financial situation.

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Advantages and Disadvantages of Robocash loan

Robocash is a fast and convenient loan option for Sri Lankan borrowers. Since it offers quick loans, this can provide an advantage for those who find themselves in need of cash in a hurry. However, using Robocash comes with some risks too. The interest rate applied to the loans vary from one borrower to another and may be significantly higher than what is charged by traditional lenders, so borrowers should always compare different options before taking out a loan.

There are also often strict repayment terms associated with such loans, so potential borrowers should make sure they understand the full extent of the obligations before agreeing to anything. The convenience offered by Robocash can outweigh these disadvantages if used responsibly.

Conditions for Obtaining an Online Loan in Robocash

Obtaining an online loan through Robocash Sri Lanka is a simple and straightforward process. Before you begin the application process, there are a few conditions that must be met in order to qualify for the loan.

  • You must be at least 21 years old
  • You must have a valid government-issued ID
  • You must have an active checking or savings account
  • You must provide proof of income
  • You must have a good payment history and credit score
  • You must be employed or self-employed for at least six months

If you meet all these criteria, you can apply for a loan through Robocash's website. Once your application is approved, you will receive your funds via bank transfer within 24 hours. It's important to note that interest rates may vary according to your credit rating and other factors.

FAQs about Robocash

How long does it take to get approved for a loan from Robocash?

It typically takes less than 24 hours to get approved for a instant loan from Robocash. After submitting the required information and documents, customers can expect to receive an instant decision on their application. Once approved, the funds are transferred directly into their bank account within 24 hours.

Are there any fees or hidden charges associated with Robocash loans?

No, there are no fees or hidden charges associated with Robocash loans. Customers only need to pay the interest rate which is determined by their credit rating and other factors. All costs are transparently displayed on the website before customers submit their applications. This ensures that borrowers know exactly what they will be responsible for when they take out a loan from Robocash.

Is the interest rate fixed on my loan or can it change over time?

The interest rate on a loan from Robocash can vary depending on the borrower's credit rating and other factors. It is not fixed and may change over time, so borrowers should make sure to keep track of their payments to ensure that they are still getting the best rate available.

Does applying for an online loan through Robocash affect my credit score?

Yes, applying for an online loan through Robocash can affect your credit score. The application process requires a credit check which will result in a hard inquiry on your credit report. However, if you maintain on-time payments and pay the loan off in full, it may help to improve your overall credit score. Additionally, Robocash offers flexible repayment plans so you can find one that is best suited to meet your financial needs.

Can I pay back my loan early without incurring additional fees or penalties?

Yes, you can pay back your loan early without incurring additional fees or penalties from Robocash. They offer flexible repayment plans that allow you to pay off the loan early if desired, so you won't have to worry about any extra charges. However, it is important to keep in mind that interest will still be charged up until the full amount of the loan is repaid.

Is customer service available to answer any questions about the application process and terms of repayment?

Yes, Robocash offers customer service to answer any questions about the application process and terms of repayment. They provide a dedicated support team that is available 24/7 to help customers with their loan inquiries. You can contact them via phone, email or live chat for further assistance.

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Loan terms
First loan: 5000-25000 RS
Maximum amount: 25000 RS
Loan term: 30 days
ARP: 0%-15%
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It will take only 10 seconds for us to send your application to 8 financial institutions in the Sri Lanka

A single online loan application for all financial institutions in the country. Fill in a short form of a single online loan application in a minute. For free, we will select suitable partners, who are ready to issue a loan to you, and we will send them your data for consideration. You will get approval and money from one or several companies today!

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