Request loans of up to S/10,000 in Yape with just 3 simple steps: how to access this 2024?

Yape has introduced loans of up to S/10,000, which can be paid in a period of up to 18 months. This marks a significant change compared to previous microcredits, which ranged between S/100 and S/500, and had to be paid in a single installment.

According to Yape data, in less than 15 months since the beginning of their operations, they have granted more than 800,000 loans, which totals S/190 million in loans offered. If you are a user and are interested in this new function provided by the digital wallet, you can consult the necessary requirements to access it in this note.

How can I borrow up to 10,000 soles through Yape?

To request a loan in Yape, follow these three steps:

1. Open the Yape app and select the ‘credits’ option from the menu.
2. Choose the amount you need and the date on which you can return the loan.
3. Confirm your details, accept the terms and conditions, and provide a validation code.

Once this process is completed, the loan will be deposited directly into your account linked to Yape. It is a simple and quick procedure.

What are the requirements to obtain a Yape loan?

To access Yape loans, it is necessary to meet some simple and accessible requirements.

• First, those interested must be registered in Yape using a BCP card or their DNI.
• It is essential to ensure that personal data is updated in the BCP and that the debit card is active and without blocks.
• You must have a favorable credit history and a pre-approved credit offer are essential aspects to advance the process. These requirements highlight the importance of maintaining a good financial reputation.

Yape: what is the loan payment process?

Loan payment is made automatically on the agreed due date, without the need for manual intervention by the user. Even in situations such as the theft or loss of the cell phone, the deletion of the Yape application or the blocking of the registered card, this is processed without problems.

For those who wish to make advance payments, you can do so through the ‘credits’ section of the application by following the indicated steps within a specific schedule.

Yape Loans: what are the interest terms and payment terms?

The interest rate on Yape loans may vary depending on the user’s profile and the evaluation of each application, which guarantees favorable conditions for the repayment of the loan.

Users can use the app to simulate different loan scenarios, allowing them to plan their short-term finances. Additionally, the option to pay in installments can make it easier to manage your refund. In this way, it adapts to the user’s available money.

These are the steps you must follow to register on Yape: first, you need to provide your DNI number and a personal email. Once this is done, you have three options to complete your registration:

• Use a BCP card.
• Use only your ID, without having to have a card or bank account.
• Use a VISA debit card from another financial institution such as Mibanco, Caja Cusco, Caja Piura, Caja Tacna, Caja Trujillo, Caja Sullana or Banco de la Nación.