Yape review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Yape suits existing Yape app users in Peru who want a small personal or business balance, with terms of 1 to 18 and money in the account as soon as the validation code is entered. The ceiling is up to PEN 10,000, and every application runs a hard credit check.

Key facts

Best for
Existing Yape app users in Peru who want a small personal or business balance the same day.
Loan amount
up to PEN 10,000 (Source, checked September 26, 2026)
Term
1 to 18 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Instant: the deposit appears in the Yape account right after entering the validation code (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Yape app users in Peru, can apply Monday to Sunday from 5 a.m. to 11:59 p.m., subject to a credit assessment in the app (Source, checked September 26, 2026)
Loan types
Personal, Business (Source, checked September 26, 2026)
Headquarters
Peru (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Features
Same-day funding
Official website
yape.com.pe

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • The deposit appears in the Yape account right after the validation code is entered, and same day funding is listed among the features of the product.
  • Yape is the lender itself (direct lender), not a broker passing your application on to someone else.
  • Both personal and business loans are offered (personal and business), so a salaried user and a sole trader can apply in the same app.
  • The application and the credit assessment both run inside the app you already use to pay, with no separate sign-up or paperwork step.

Cons

  • Every application runs a hard credit check (hard), so a first look at the offer still shows on your record.
  • Support runs on help centre only, so a repayment problem is handled in writing rather than by phone.
  • Terms run 1 to 18, well short of the 48 median term for personal loans across the site, so larger costs have to be cleared quickly.
Yape

Ready to try Yape?

Scored 8.8 / 10 by BorrowCue.

See alternatives

Who it suits

  • Yape app users in Peru who need a balance the same day for an urgent bill or an emergency repair.
  • Sole traders in Peru who want business credit alongside their personal borrowing in one place.
  • Borrowers comfortable with a hard credit search who would rather apply and see the outcome inside one app.

Who should look elsewhere

  • Anyone chasing a larger balance over a longer stretch: Monzo Flex covers £10,000 to £35,000.
  • Euro borrowers in Spain: Cashspace ES lends €100 to €5,000, while Yape credit is built around app users in Peru.
  • Anyone who wants a long repayment window or a phone conversation about a payment date, since 1 to 18 is short and help centre is the only route.

The company behind it

Yape runs its lending inside the payments app its customers already use, so the borrower and the wallet sit in the same place and the balance arrives where the money is already spent from. The company is based in Peru. Support runs on help centre only, so questions about a loan, a rate or a repayment date are handled in writing rather than by phone.

How Yape compares

Where Yape is available

Available
Peru

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much can I borrow from Yape?+

Personal and business borrowers can both apply through the app, and the ceiling is up to PEN 10,000. What you are actually offered follows a credit assessment run inside the app, so treat the published figure as the outer limit rather than an entitlement, and check the instalment before you accept.

How long do I have to repay?+

Repayment terms run 1 to 18, a short window next to the 48 median term for personal loans across the site. That suits a bill you can clear quickly. It is a poor match for a cost you would need years to pay off, so longer borrowing needs a lender elsewhere.

When does the money arrive?+

The deposit appears in your Yape account right after you enter the validation code, and same day funding is listed among the features of the product. The stated funding time is immediate rather than simply same day, which is the strongest part of this offer and the reason it is worth weighing against slower lenders on larger sums.

Does applying affect my credit file?+

Every application runs a hard credit check (hard), so both an accepted and a turned down application leave a mark. That is the commonest pattern here: 76.5% of personal lenders on the site check hard, against 19.1% that prequalify more softly first.

Who can apply for Yape credit?+

The loan is built for Yape app users in Peru. Applications can be made from the app on any day of the week, at hours that stretch well past ordinary office times, subject to a credit assessment run inside the app, which is what decides the outcome.

Do I deal with Yape or a third party?+

Yape is the lender itself (direct lender), so there is no broker or marketplace sitting between you and the balance. The application and the credit assessment both happen inside the app you already use to pay, and the repayments are taken from that same wallet.

How can I get help?+

Support runs on help centre only, so questions go through the app's help pages rather than to a person on the phone. That suits borrowers who like a written record of an answer, and less so anyone who wants to talk a difficult repayment through on the day.

What do comparable personal loans cost?+

Across personal loans on the site the median APR is 12.25%, with a middle band from 6.86% to 25.03%. Judge any quote against that spread, and note the top of the same range reaches 82,901.36%, so a broad market means wide variation in what borrowers pay.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Arrangement fee, Representative example.

Yape

Yape

Existing Yape app users in Peru who want a small personal or business balance the same day.

8.8/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings