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

Yes credit loan app is another loan app in Nigeria where you can obtain instant loan without collateral or paper work. You don’t need to visit any location all the process will be done on your phone.


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

You can obtain up to #50,000 from this loan app

Requirements to obtain loan from yes credit loan app

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


  • Have bvn and bank account
  • Be above 18 years of age
  • Have source of income
  • Reside in Nigeria
  • Have smart phone with which to download the loan app

Once you meet up with these requirement you can go ahead and apply for this loan

How to apply for yescredit 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

Once 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 yes credit loan app

With yes credit loan app you can obtain up to #100,000 loan at ago. If you are applying for the first time, the amount of loan you can apply for will be less than this but as you continue to use the app your loan limit will be increase.

Yes credit loan interest rate and repayment period

Yes credit loan interest rate is between 10% to 35% per annum depending on the amount of loan obtain. The repayment period is between 7 days to 180 days, also depend on the amount of loan obtain.

If you are applying for the first time your interest rate will be high while your repayment period will be short, it will improve as you continue to use the app.


Paying back your yescredit loan app

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 will 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 yes credit loan app legit

Yes, this loan app is legit, if it is to give loan, they will surely give you loan but they are not license by CBN nor insure by NDIC.

Our final verdict on yescredit loan app

Yes credit loan app is legit, they have given loan to many people in Nigeria. They have good review and rating on play store. Many people I know have receive loan from this app.

They do not send defamatory text to their customer contacts.
The only problem they have is that they are not license by CBN and this can not be over look so exercise caution while taking loan from them. Only take loan that you know you can pay back to avoid embarrassment.


Above is how to obtain loan from yes credit, as stated above, they will surely give you loan but do not take more than you can pay back, try to a avoid embarrassment.

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