YesCredit - Quick Loan 1.0.4

YesCredit offers a streamlined process for accessing loans, designed to meet urgent financial needs efficiently. The application process is quick, allowing users to create an account and apply for a loan in just a matter of seconds. Once approved, funds are deposited directly into the user's wallet, enabling immediate transfer to their bank account.

Getting Started:

• Create an account.
• Apply in seconds.
• Receive your loan directly into your account.
• Increase your loan limit with timely repayments.

Repayment Terms:

Loan repayment terms vary depending on the amount borrowed, with options available for durations of up to 180 days. Users can select the repayment timeline that suits their financial situation through the app.

Rates and Fees:

YesCredit predominantly focuses on micro-credits, with loan amounts ranging from N5,000 to N50,000. Applicants must be at least 21 years old. The loan tenor ranges from 60 to 180 days, with interest rates varying between 4.5% and 35%, translating to a monthly interest rate of 5% to 29% and an APR of 29% to 120%.

A typical scenario: For a 6-month loan of N10,000 at an APR of 60%, the total interest charged would be N3,000, resulting in a total repayment amount of N13,000 at the end of the term.

No collateral or guarantor is typically required; however, loans exceeding certain amounts may necessitate additional documentation. The application process can easily be completed through the YesCredit app on mobile devices.

YesCredit caters to various borrower profiles, including self-employed individuals and salaried employees, ensuring that financial support is accessible for immediate needs.

Additional Notes:

The eligibility assessment for loan requests involves evaluation of several factors, such as credit score and past loan performance. It is crucial that applicants provide accurate information; any discrepancies may result in delays or potential blacklisting. Instances of fraud may also lead to reporting to authorities.

YesCredit is operated by YesCredit Limited and holds a license from the Lagos State Government of Nigeria as a money lender.

Contact Us:

Feedback is valued at YesCredit, and we welcome inquiries aimed at enhancing our services. For any questions or concerns, please reach out via email at [email protected].