Lotus Loan

Innovative. Passionate. Customer-centric. This encapsulates the essence of Lotus Loan.

Are you in need of a straightforward loan but lack credit history or collateral? The Quick Loan service offered by Lotus Loan is designed for you. With approval possible in just minutes, you can apply for a loan of up to Bs.10,000 based on your requirements.

The name "Quick" underscores the simplicity of the process – approval requires only a valid identification document!

One of the key advantages of obtaining a loan through Lotus Loan is the ability to access and manage all your information via their application, with real-time withdrawal of the total loan amount. Additionally, there are no cancellation fees or penalties for early repayment.

Loan Features of Lotus Loan:

• Fast approval and immediate disbursement to your bank account.
• No credit history required and no collateral needed.
• Minimal documentation: just a valid identification document.
• Fully digital – access all loan information through the app.
• Total loan amount disbursed in real-time.
• One bank account for both application and cash disbursement.
• No fees for cancellation or early repayment.

Quick Loan Terms:

• Loan amount: up to Bs.10,000.
• Loan term: 91 days to 360 days.
• Maximum Annual Equivalent Rate (TAE): 23.8%.

Example of Quick Loan:

• Loan amount: Bs.10,000
• Term: 180 days
• TAE: 30%
• Interest: Bs.1,000 (Bs.10,000 * 20% * 180/360)
• Total repayment amount: Bs.11,000

Who Can Register as a User of Lotus Loan:

• Must be 18 years or older.
• A valid email address is required.
• A valid mobile number is necessary.

Contact Information for Lotus Loan:

Email: [email protected]