LB CIM Merchant

LB Cash In Mobile (CIM) Merchant is everything you need in One Simple App!
Want to get all your banking transactions completed without the need to step into a bank, commute, or stand in long queues? Get started with LB CIM Digital Banking App and experience the difference of enhanced convenience.
LB CIM is recognized by and operates under the supervision of The Central Bank of Sri Lanka (CBSL) and is accredited by LankaPay and TechCERT. LB CIM is brought to you by the pioneer in Non-Banking Financial Institutions’ sector of the nation - LB Finance PLC, the trailblazer in fintech industry with multiple recognitions and accolades such as FITIS Digital Excellence Awards, NBQSA National ICT Awards, Technnovation Awards and the International Conference on Sustainable and Digital Business Excellence Awards for the innovative take on the company’s business model.
LB CIM is the most integrated app in the market that facilitates not only payments but also other services. Your money stored in CIM is in safe hands with LB Finance PLC and is protected by Central Bank’s Deposit Insurance Scheme.
CIM comes with a whole host of features that will make your life easier. From keeping track of your finances to paying bills, making purchases, fund transfers and more, CIM is the All-In-One (AIO) digital banking app that covers all your financial needs.
Stay ahead of your everyday banking needs with LB CIM.
* Open renowned LB Finance Fixed Deposits digitally
* Manage and service all your LB Finance Leasing, Loan, Gold Loan and Fixed Deposit facilities
* Schedule payments for all your LB Finance facilities
* Transfer/ receive money to/ from any bank account
* Top-up your wallet by linking any of your bank accounts
* Send/ receive money to/ from other CIM wallets using your mobile number
* Obtain instant Loan against your Fixed Deposit
* Obtain instant cash advance against your Gold Loan
* Obtain Digital Personal Loans or Business Loans
* Reload your mobile phone, make utility bill payments and settle your Credit Cards
* Scan and pay using Lanka QR
* Earn attractive interest whilst enjoying maximum security for your money
* Be eligible for quotas of free transactions



Personal Loan Eligibility:
* Basic salary should be above Rs. 17,000 per month
* Age should be above 18 and a Sri Lankan citizen with valid NIC
* Should be a verified user of LB CIM Wallet

How to apply for a LB Personal Loan:
* Log in to the app and click the ‘Request a Loan’ option
* Fill your details and upload basic documents to initiate the digital KYC process
* Upon evaluation and approval, funds will be credited to your CIM account

Documents required for Personal Loan:
* Proof of identity (NIC/ Passport/ Driving License)
* Proof of address
* Proof of income (Pay Slips and Salary Account Bank Statements)

Personal Loan Repayment Period:
* Minimum repayment period - 3 months
* Maximum repayment period - 12 months
* Loan amounts starting from Rs. 25,000 up to Rs. 100,000

Annual Percentage Rate (APR) on loan products:
* 03 Months - 32.44%
* 06 Months - 28.39%
* 09 Months - 27.04%
* 12 Months - 26%

Sample Loan Calculation (12 Months):
* Loan Amount: Rs 77,000 at an interest rate of 2.00% per month (Flat Rate)
* Loan Duration: 12 Months
* Total Interest: Rs 18,480
* Processing Fees (PF) [2% of the requested loan amount]: Rs 1,540
Stamp Duty [0.1% of the requested loan amount] = Rs 77 (This is to be recovered and paid to the Govt.)
Total Deductibles (PF + Stamp Duty): Rs 1,617

In-Hand Amount: Loan Amount - Total Deductibles = Rs 77,000 - 1,617 = Rs 75,383
Total Repayable Amount: Rs 95,480
No of Equal Monthly Rentals: 12
Equal Monthly Rental (EMI) Amount: Rs 7,957

** The deductibles (PF + Stamp duty) is deducted upfront during the loan disbursal.