Lifeline Loan App: Review, App Download And How To Apply for the loan

LifeLine loan app is a lending platform in Nigeria that offers Nigerians a safe and fast online loan service. In this app, you apply for a cash Loan up to ₦300,000 naira in just a few minutes.

The information provided in this article concerning this app is based on information available from the owners of the app and in no way represents the opinion of growfinance and it’s authors.

You can get safe and convenient cash loan service from Lifeline whose base is in Nigeria.

 

Loan features

The following are the main features of Lifeline loan:

Loan amount

You can get loan ranging from 3,000 to 300,000 naira

Service fee: 0.1% to 0.35% per day

Interest rate: Maximum APR is 20% per year

Repayment Period

This period ranges from 91 days – 365 days. During this period, you are expected to repay your loan.

Loan Example: for a cash loan with the principal amount of 20,000 naira with a 150 days loan period, the total service fee is N20,000*0.14%=N28, the total interest is N20,000*8.2%=N1640, and the total amount due would be N20,000+N28+N1640=N21668

 

See also lifepurse Loan App

Requirements To Apply For And Get Lifeline Loan

To Apply for and get Lifeline loan, you must meet the following Eligiblity requirements:

1. 1 valid bank account

2. At least 18 years old

3. Nigerian Resident

4. 1 government-issued ID

5. Mobile phone with stable internet connection.

 

How to Apply for Lifeline loan 

Simply download the app LifeLine and fill in the loan application form.

Then, wait for the quick loan evaluation, if approved, the loan will be deposited.

How to download Lifeline loan app

Currently, this loan app is not on playstore. That is why you cannot download it there. But to download the app, just use this download link that will direct you to a website where you will download the Lifeline loan app directly into your phone

Feedbacks From Users Of Lifeline Loan App

Many users of lifeline Loan App comment that it is a good one and indeed a Lifeline when one is in financial need.

Some users however complain that while registering and applying for loan is easy, loan processing takes a long time.

Others complain about poor customer service approach as well as delay in reflecting repayments and clearing indebtedness from app.

Contact Lifeline loan customer service

Email: [email protected]

Call: 09049008610

Address: 77 awolowo way , ikeja Lagos

Please carefully read the terms and conditions in the Disclosure Statement before proceeding with a loan transaction.

In conclusion, the above information about lifeline loan app is provided to assist you when you have need for online loan to enable  you weigh this against other options open to you so as to take an informed decision. We equally advise that you check up our posts on risks associated with online loans, savings and transactions.

See also: Risks associated with Online transactions

Equally note that our website, growfinance, neither provides loans and other  banking services nor promotes any app over the other but merely gives information to the public based on information available from app owners

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *