Yape grants loans of up to S/10,000: review the documents you need to obtain a loan

In an effort to boost its financial services, Yape has been offering loans of up to S/10,000 to its users. This initiative seeks to facilitate access to fast and efficient financing, especially in a context where many people need immediate financial support. To request these credits from the BCP super app, without having to go to a bank, it is essential to meet certain requirements.

Let us remember that Yape has more than 15 million citizens who use its more than 10 functionalities in addition to Yape credits, among which are the payment of services, Yape Store, gas purchase, Yape Company and others. Next, learn in a few steps what the requirements are to access a loan from the popular digital wallet.

Yape: requirements to access a credit of up to S/10,000

Yape offers its users loans from S/50 to S/10,000, with payments from 1 to 18 installments. According to Christian Saavedra, Yape Loan Leader, 1.6 million loans have been provided and around S/400 million have been disbursed to date, which means that each client has taken out an average of almost 3 loans through the digital wallet.

“Without a doubt, these are very encouraging results that contribute to the financial inclusion of our country, since 1 in 3 clients are people who have requested a loan in the formal financial system for the first time, with more than 40% being Yaperos who live in the province. “said Saavedra.

To request a loan of up to S/10,000 with Yape, users must meet certain requirements that ensure their eligibility and payment capacity. Below are the main requirements:

1. Be affiliated with Yape with an active DNI or BCP card and without blocks.
2. Contact information such as address and cell phone number must be updated in the BCP system.
3. Have an active, unblocked debit card associated with the account.
4. Demonstrate a healthy credit history because Yape takes into account current and past payment behavior with other loans and credit cards.
5. Have a pre-approved offer to access Yape loans.

Even if the aforementioned requirements are met, it is essential to keep in mind that the possibility of accessing credit will not be available immediately. Sometimes, it is necessary to constantly use Yape, the digital wallet of the Banco de Crédito del Perú (BCP), so that the financial institution can get to know you better and provide you with credit in the future.

How to request a loan from Yape?

Applying for a loan through Yape is a simple process that can be done completely online. The hours to access this credit are Monday to Sunday from 5 am to 11:50 pm The steps to follow to complete the application are described below:

• Access the application: Open the Yape app on your mobile device and log in with your account.
• Select the option “Credits”: within the main menu, search and select the option to request a loan.
• Click “apply for credit”.
• Choose the amount and the amount of installments that best suits what you know you can pay monthly.
• Review the data and accept the terms and conditions.
• Write the validation codewhich will send the application via a text message.
• After completing these steps, the financial institution will evaluate your request. If approved, the loan amount will be deposited into your Yape balance.

Yape: how do I pay the credit I requested?

If you currently have a loan, you should not worry about payment, since Yape will collect it on the same day as your due date. The charge will be made even in the following situations:

• If your cell phone is stolen or lost.
• If you deleted your Yape.
• If the card you registered in Yape is blocked.

If you do not have sufficient balance, a charge will be applied for each day of delay. Additionally, if you have another account at BCP, the payment will be made from that account to prevent you from paying more. If you wish to make the payment before the chosen date, you can go to the “Credits” section of your application, select “Apply credit” and follow the indicated steps. Please note that payments will only be received from 5 am to 8:30 pm every day, including holidays.