Yeah9ja loan app: how to apply, interest rate and is it legit - Startuppreneur

Yeah9ja loan app: how to apply, interest rate and is it legit

Yeah9ja will give you quick loan without collateral or paper work in Nigeria, you don’t need to visit any locate before you obtain loan from this app, with your smart phone you are good to go. Their loan processing is fast, within one hour of submitting application your loan will be disburse.

With yeah9ja loan app you can obtain up to #50, 000 loan at a go.


Requirement to obtain loan from yeah9ja

Before you can obtain loan form this app you need to meet up with their requirement, which are

  • Have good credit score
  • Have bvn and bank account
  • Have source of income
  • Reside in Nigeria
  • Have smart phone with which to download the loan app

How to apply for yeah9ja loan app

The first step to take is to head over to play store and download the loan app

Register with your name, bvn and other details
You will be ask to bind your ATM card which might attract #30 fee, do so and proceed



you are done with registration you will be login to your account

On your dashboard locate and click on loan

There you will see amount of loan you are eligible to obtain

Click it and wait for disbursement

How much you can obtain from yeah9ja loan app

The maximum amount of loan you can obtain from this loan app is #50,000. For first timer you will not get up to this, your loan limit will be around #20,000 but as you continue to use the app, this will improve.

Yeah9ja loan app interest rate and repayment period

Yeah9ja loan interest rate is between 5% to 25% depending on the amount of loan obtain and the repayment period.

Your repayment period is between 7 days to 180 days also depend on the amount of loan obtain.

As a first timer your loan interest rate will be high while your repayment period will be short. As you continue to use the app, this will improve.

Paying back your yeah9ja loan

To payback your loan head over to your dashboard

click on loan repayment

There you will see deferent option to pay back your loan

Click on one and make payment

Once you make payment it wil reflect on your dashboard

If it does not you should contact them.

What will happen if I default or refuse to pay back

If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.

If you abscond, your name and bvn will be send to credit bureau for blacklisting which means you will not be able to obtain loan again in Nigeria until you pay back and clear your name with credit bureau.

Trust me this process is usually time consuming, your best bet is to pay your loan as at when due.

Is yeah9ja loan app legit

Yes, this loan app is legit, they will surely give you loan, bit they are not license by CBN nor insure by NDIC

Our final verdict on yeah9ja loan app

Yeah9ja is a legit loan app, though the amount of loan they give out small they will surely give you loan. They have good review and rating on play store as at the time of writing this article.

Their loan processing is very fast within one hour of submitting application your loan will be disburse

They charge loan processing fee and also they are not license by CBN, therefore you need to exercise caution when taking loan from this app.


As you have read above, yeah9ja will surely give you loan, but take loan that you know you can pay back to avoid had I know.

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