| Interest Rate | 35% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Life purse |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 130 |
Step by step guide to break free from loan apps
About Life purse
Looking for a quick, secure, and trustworthy loan app in Nigeria? LifePurse offers instant credit loans with flexible repayment terms, competitive interest rates, and a seamless application process. Whether you need funds for emergencies, business, education, or personal expenses, LifePurse provides loans from ₦10,000 to ₦100,000 with easy repayment plans.
Why Choose LifePurse Loan App?
✅ Quick & Easy Loan Approval – Get funds directly to your bank account in minutes.
✅ Flexible Loan Amounts – Borrow between ₦10,000 and ₦100,000 based on your needs.
✅ Affordable Interest Rates – Competitive Annual Interest Rate (APR) from 24% to 56%.
✅ Convenient Repayment Terms – Repay comfortably in 91 to 365 days.
✅ No Hidden Charges – Transparent fees with no service charges.
Loan Example:
If you borrow ₦10,000 for 180 days at 36.5% APR, you’ll repay:
Total Repayment: ₦11,800 (₦10,000 principal + ₦1,800 interest)
Eligibility Requirements
To qualify for a LifePurse loan, you must:
✔ Be a Nigerian resident
✔ Be between 22 and 55 years old
✔ Have a valid bank account and BVN
How to Apply for a LifePurse Loan in 4 Simple Steps
1️⃣ Download the App – Get LifePurse from the Google Play Store.
2️⃣ Register & Apply – Fill in your details and submit your loan request.
3️⃣ Get Approved – Receive instant credit limit approval.
4️⃣ Receive Funds – Withdraw the loan directly to your bank account.
Need Help? Contact LifePurse Support
📧 Email: Lifepursehelp@gmail.com
Get Instant Cash with LifePurse Today!
LifePurse is one of the best loan apps in Nigeria, offering fast, reliable, and transparent loans with no stress. Download the app now and access funds whenever you need them!
Expert Counsel
Loan Agreements in Nigeria: Understanding Your Rights
Under Nigerian law, loan agreements can be deemed invalid or unenforceable in certain situations. These include:
- Unlicensed Money Lenders: Operating without a valid license from the Central Bank of Nigeria (CBN) or relevant state authorities can make contracts unenforceable.
- Excessive Interest Rates or Hidden Fees: Contracts with unconscionable terms may be unenforceable under consumer protection laws, as regulated by the CBN.
- Fraud, Misrepresentation, or Coercion: Contracts obtained through deception, misleading statements, or threats can be voidable.
- Breach of Privacy & Harassment: Loan apps that invade borrowers' privacy or engage in harassment may have contracts that can be challenged as invalid under the Nigerian Data Protection Regulation (NDPR) and FCCPC guidelines.
- Lack of Written Agreement: Loan agreements exceeding ₦20,000 (varies by state) require a written contract signed by both parties to be enforceable.
- Violation of Loan Tenure & Repayment Rules: Contracts that violate CBN guidelines on microfinance lending may be challenged.
- Duress or Undue Influence: Contracts signed under threats, blackmail, or undue influence are invalid under Nigerian Contract Law.
- Lending to Minors: Loan contracts with individuals under 18 years old are automatically void.
Understanding these points can help borrowers navigate loan agreements and protect their rights.
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Safely Report A Loan Shark
If you have borrowed from a loan shark or are worried about someone else, we’re here to help and keep you safe. Learn how to break free from their grasp.
