How to request loans of up to S/10,000 in Yape? Guide for easy access

If urgent financing is required, the Yape app offers an efficient solution. This platform allows users to access loans of up to S/10,000 with the possibility of making payments in affordable installments. The service is designed to facilitate access to credit in Peru, as it simplifies the process and minimizes the bureaucracy involved. The initiative of the BCP app responds to the need for fast and accessible financing options for Peruvians.

The credits offered through the Yape mobile application are characterized by their accessibility and easy management. Users can request financing directly from their mobile devices, benefiting from a fast process free of complicated procedures. This ease of use represents a significant advantage for those Peruvians looking for agile and efficient financial solutions, allowing them to access economic resources immediately and without complications.

How to get a loan in Yape?

To obtain a loan through Yape Quickly and easily, you can follow this procedure that generally takes less than five minutes:

1. Access the Yape application and press the “Yape Credits” option.
2. Select “Request Credit.”
3. Choose the amount you want to request.
4. Determine the amount of installments you can pay monthly, making sure they fit your financial capacity.
5. Carefully review and accept the terms and conditions.

Once these steps are completed, the requested amount will be instantly transferred to your Yape account.

Yape loan with credit evaluation

To access credit through Yapewhich involves a prior credit evaluation, it is important to consider the following requirements:

1. It is necessary to be affiliated with Yape with an ID or an active and unblocked Banco de Crédito del Perú (BCP) card.
2. Maintaining a positive credit history is required. Yape evaluates your current and past payment behavior, including other loans and credit cards.
3. Frequent use of functionalities offered by Yape, such as payment for services, recharges, exchange rate consultation, among others, can be beneficial for the evaluation.

When will Yape charge commission for new functionality?

Tuesday, April 30, marked the end of the free trial period offered to entrepreneurs who registered on Yape Companies. As of May 1, an automatic charge of 2.95% on the total daily sales received through QR, direct contact and by new cell phone number was implemented.

For example, if a company collects S/1,000 in one day, 2.95% will be deducted, equivalent to S/29.50, leaving a profit margin of S/970.50. This procedure will apply every day of the month in which transactions are carried out. At the end of each month, users will receive a payment receipt detailing the total charged for this service.