The disbursements of microcredits Through Yape they have presented a progressive increase so far this year. For the third quarter (July and August), The digital wallet has granted 228,000 microcredits for a total of S/63.8 million.
This represents an increase of 38.18% compared to the months of April to June, when 165,000 microloans were granted for a total of S/53.3 million.
While in relation to the first quarter of the year (January to March) the increase was more than 54%since more than 148,000 microcredits for S/33.5 million were granted during that period.
It should be noted that this progressive increase occurred in a context where reference rates have remained high at 7.75% since January. Only in September, the Central Reserve Bank of Peru (BCR) decided to reduce them by 25 basis points to 7.50%, and by October it dropped to 7.25%.
Furthermore, although inflation has been registering declines, the Peruvian economy is in a context of recession after accumulating a decline of 0.58% in recent months.
How much is the credit that Yape grants?
The microcredits offered by the Yape application, for BCP users, range from S/150 to S/500, and are subject to a credit evaluation. These loans must be paid within a maximum period of 35 days and subject to a credit evaluation.
Likewise, they have an Annual Effective Cost Rate (ACER) of 80.97%. In the event that a person requests a loan of S/200 within a period of 30 days, they must pay a commission of S/10.98, which includes interest and credit credit insurance.
What are the requirements to obtain a Yape loan?
Review the list of requirements demanded by Yape to grant a credit of up to S/500. If you do not comply with any of these points, the application will deny you the disbursement.
- Be affiliated with Yape with a BCP card.
- Have your debit card active.
- Be up to date on your debt payments in any financial institution.
- Present good behavior and credit history.
- Have your contact information such as address, telephone and email updated in BCP.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
