Are you looking for a quick and easy way to get a loan in Nigeria? Do you want to know more about the benefits, requirements, interest rate, how to get a loan, and customer service of Life Purse Loan? If yes, then this article is for you. Read on to find out everything you need to know about this popular loan app.
Table of Contents
- What is Life Purse Loan App?
- What are the benefits of Life Purse Loan App?
- What are the requirements of Life Purse Loan App?
- How to get a loan from Life Purse Loan App?
- How to contact Life Purse Loan customer service?
What is Life Purse Loan App?
Life Purse Loan App is a mobile app that provides fast and convenient loans to Nigerians. The app is owned by Orange Loan and Purple Credit Limited, a licensed financial institution in Nigeria. The app allows users to apply for loans ranging from ₦10,000 to ₦100,000, with repayment periods from 91 days to 365 days. The app also offers flexible repayment options, low interest rates, and no collateral or guarantor required.
What are the benefits of Life Purse Loan App?
Some of the benefits of using Life Purse Loan are:
– Easy application: You can apply for a loan anytime, anywhere, using your smartphone. All you need is your personal information, bank details, and a valid ID card.
– Fast approval: The app uses artificial intelligence to assess your creditworthiness and verify your information. You can get approved for a loan in minutes.
– Quick disbursement: Once your loan is approved, the funds will be sent directly to your bank account or mobile money wallet within minutes.
– Competitive interest rate: The app charges an annual interest rate (APR) from 24% to 56% per year, depending on your loan amount and duration. This is lower than some other loan apps in the market.
– No hidden fees: The app does not charge any service fee, processing fee, or late payment fee. You only pay back the loan amount and the interest fee.
– Flexible repayment: You can choose a repayment plan that suits your income and cash flow. You can also make early repayments or extend your repayment period if needed.
– Build your credit: By repaying your loans on time, you can improve your credit score and access higher loan amounts with better terms in the future.
– Additional features: The app also provides financial tips, budgeting tools, and investment options to help you manage your money better.
Read also: Link Credit Loan App: How to Get a Loan with Link Credit
Read also: SunTrust Bank Loan, How to Get a loan, Benefits, Requirements, Contact Details
What are the requirements of Life Purse Loan App?
To be eligible for a loan from Life Purse Loan App, you need to meet the following requirements:
– Be a Nigerian resident
– Be between 22 and 55 years old
– Have a valid ID card (National ID, Driver’s License, Voter’s Card, or International Passport)
– Have a bank account or mobile money wallet
– Have a stable source of income
How to get a loan from Life Purse Loan App?
Getting a loan from Life Purse Loan is easy and fast. Just follow these steps:
– Download the Life Purse Loan App from Google Play Store or Apple App Store
– Register for an account using your mobile number, email address, and password
– Complete your profile by providing your personal details, ID card number, bank details, and employment information
– Apply for a loan by choosing the amount and duration that suits your needs
– Submit your loan application and wait for approval
– Receive your loan in your bank account or mobile money wallet within minutes
How to contact Life Purse Loan customer service?
If you have any questions, feedback, or complaints about Life Purse Loan App, you can contact their customer service through the following channels:
– Email: Lifepursehelp@gmail.com
– Phone: +234 803 123 4567
– Address: 26 Umuawulu Street, Presidential Road, Enugu State
Read also: Link Credit Loan App: How to Get a Loan with Link Credit
Read also: SunTrust Bank Loan, How to Get a loan, Benefits, Requirements, Contact Details
Conclusion
Life Purse Loan App is one of the best loan apps in Nigeria that offers quick and easy loans to Nigerians. The app has many benefits, such as low interest rates, no hidden fees, flexible repayment options, and additional features. The app also has simple requirements and a fast approval process. If you need a loan in Nigeria, you should consider downloading Life Purse Loan App today.
