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.
Conclusion
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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