What is FastRupee?
FastRupee is a Sri Lanka based, online financial service provider that is focused on online consumer financial services. FastRupee offers short-term loans to help with the everyday financial needs of the people in Sri Lanka.
FastRupee has simplified the loan process to make it much easier and quicker for people to apply for an online loan. Just like other major competitors in the market, FastRupee also offers its service through both their website and the mobile app. Fastrupee website is in two languages, Sinhala and English. So you can easily navigate through the FastRupee Sinhala website if that is your preferred language.
You can now apply for a quick loan without having to wait in long queues and in the comfort of your home.
How does FastRupee loan work?
Getting a loan with FastRupee is easy. Simply log into the FastRupee website via https://www.fastrupee.lk or download the FastRupee app. If you are a repeat user, itβs recommended to download the FastRupee app for quick and easy access.
FastRupee provides loans ranging from 1,000 to 50,000 LKR depending on factors like previous loan repayment and whether or not you are a repeat user. As with any other online loan provider, the loan amount increases if you are a repeat user.
FastRupee application process is easy. Itβs 100% online and can be completed in a few easy steps. Just follow the steps and get the loan in a few minutes.
How can I apply for a loan with FastRupee?
To apply for a loan with FastRupee, simply complete the below easy steps and once your FastRupee application is approved, you will receive an SMS about transfer of money to your account.
- Log into the FastRupee website via https://www.fastrupee.lk or via the FastRupee app
- Select the loan amount
- Complete the application
- Wait for approval
- Get money in your bank account
With FastRupee you donβt have to provide any documents to apply for the loan. Just make sure you have your personal information and the bank account details ready.
How much does FastRupee loan?
If this is your first time applying for a FastRupee online loan, you can apply for a minimum loan amount of 1000 LKR and up to a maximum loan amount of 10,000 LKR. You can settle these small loans within a given number of days. The minimum loan term is 121 days and the maximum loan term is 183 days.
The loan interest rate is 30% per month with no hidden or additional charges if the repayment is settled within the agreed time.You can view all this information in the FastRupee online calculator.
Letβs look at an example to see how it works!
First Loan:
- Loan amount - 5,000 LKR
- Loan Period - 3 months
- Total Repayment Amount - 9,500 LKR
Itβs always a best practice to settle your loan within the agreed period of time to avoid additional charges.
How to pay my FastRupee loan?
Itβs quite easy to repay your FastRupee online loan. FastRupee offers both online and offline payment methods. You can settle your FastRupee repayment either by a simple bank transfer or visit a bank branch. You can find the FastRupee payment details or the Fastrupee account number on their website, https://www.fastrupee.lk
FastRupee has accounts in the following banks:
- Sampath Bank
- Commercial Bank
Make sure to settle the repayments on time and always double check the bank account details from the FastRupee website before making the payments.
Is FastRupee legit?
Yes, FastRupee is a legit online consumer financial service provider duly incorporated and registered under the laws of Sri lanka with a company registration no. PV00228074 granted by the Registrar General of Companies in Colombo, Sri Lanka. It is always recommended to read the terms and conditions and the privacy policy listed in the website before applying for a loan with not only FastRupee but with any other online financial service provider. Always do your research, gather important information, analyze the competitors and then only make a decision.
FastRupee App
There is less or almost no information about the FastRupee app on their website. However the good news is that you can download the official FastRupee app on Google Play Store. As with any app, FastRupee app also has an easy-to-use interface with the handy loan calculator to make decisions easy and fast.
Download the FastRupee app from the Google Play Store here.
FastRupee Customer Service
FastRupee offers reliable customer support through multiple channels.
For instant support, you can call the FastRupee contact number on 0117749444, FastRupee whatsapp number is also the same as the FastRupee contact number.. Their operating hours are 8.30 till 17.30 Monday to Friday. You can also contact FastRupee online via Facebook and as specified in the website, they will get back to you within 24 hours.
Lastly you can also write to FastRupee through their email address listed on the website, which is info@fastrupee.lk
FastRupee Reviews
FastRupee loan app reviews in Google Play Store are quite acceptable. However there are a few bad reviews but most of them are about the malfunctioning of the FastRupee apps. So it is wise to use the FastRupee website rather than the app according to most of the reviews.
Most positive feedback is about how fast they receive the loan. It looks like most of the customers have received the loan in their bank accounts within 5 minutes, now isnβt that amazing! With online loans, we all expect to receive a loan as quickly as possible and FastRupee has simply made it possible.
So lastly, it is recommended to use your own judgment when choosing an online loan provider and you can take points discussed in this article to make your decision easy.
Have you used the FastRupee app? Share your experience here.