OpenPurse is an Android application developed by openpurse.studio that provides a quick and easy solution to your financial needs. It is a free loan management app that helps users to get a personal loan ranging from $500 to $20000 pesos MXN. The app is designed to meet the financial needs of individuals between the ages of 18 and 60 years old who have a valid local phone number and a bank account.

With the OpenPurse app, you can apply for a loan and receive the money directly in your bank account, hassle-free. The loans come with a minimum term of 91 days and a maximum term of 365 days, with an annual interest rate ranging from 18.25% to 24%. The best part is, there are zero transaction fees! For instance, if you take a loan of 5,000 pesos for 91 days at an interest rate of 24%, the total interest payable would be 299 pesos, making the total repayment amount 5,299 pesos and the monthly payment 1,200 pesos.