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Yape review

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

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Our verdict

Yape hands out personal and business loans of up to PEN 10,000 to people who already use its app in Peru, and the money lands in the same wallet straight after the validation code.

Key facts

Best for
Peruvian app users who need a small personal or business loan in the app today.
Loan amount
up to PEN 10,000↗
Term
1 to 18 months↗
Credit check
Hard↗
Funding time
Instant: the deposit appears in the Yape account right after entering the validation code↗
Lender type
Direct lender↗
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↗
Loan types
Personal, Business↗
Headquarters
Peru↗
Support channels
Help-centre↗
Features
Same-day funding
Official website
yape.com.pe

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Funding is instant, with the deposit showing in the Yape account right after the validation code, matching its same day funding feature
  • Borrowing caps at up to PEN 10,000 for personal and business needs
  • Yape is a direct lender, so the loan runs through the app you already use
  • Applications open every day of the week from early morning to just before midnight

Cons

  • The credit check is hard, so a declined application is still recorded against your file (hard)
  • Phone is not among its help centre
  • Borrowing stops at up to PEN 10,000, well short of the €12,000 to €300,000 bracket available at Sofkredit
Yape

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Peruvian Yape app users who want a loan handled inside an existing wallet
  • Borrowers who can clear a hard credit assessment and want the funds the same day
  • Small business owners in Peru covering a short term gap with a business loan

Who should look elsewhere

  • Anyone needing a larger sum, where Sofkredit covers €12,000 to €300,000 or Creduma ES starts at from €12,000
  • Borrowers who want a phone line, because phone is not among its help centre
  • Applicants outside Peru, since the product is aimed at users of the Yape app there

Who runs it

Yape is a Peru based lender, with its headquarters recorded in Peru, and it deals directly with customers rather than passing an application on. Loans are personal or business, arranged inside the app that the customer already uses, and applications can be submitted from Monday to Sunday between early morning and late evening, subject to a credit assessment. Support for the lending product runs through a help centre as listed in help centre.

How Yape compares

Where Yape is available

Available
Peru

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

Frequently asked questions

How fast does the money arrive?+

Funding is instant. The deposit appears in the Yape account straight after you enter the validation code, and same day funding is listed as a feature. There is no waiting period between approval and money in the wallet, which is the practical draw for anyone using this inside an existing app.

What does a Yape loan cost?+

The published material does not give an interest rate, an arrangement fee or a representative example for these loans, so the cost has to be read off the in app offer before you accept it. That is worth doing carefully, since a hard credit assessment is part of the process. Anyone shopping on rate alone cannot do that from the published details.

Does applying hurt my credit file?+

The credit check is hard, which is the part to read first. A hard assessment is recorded, unlike a soft prequalification, so a declined application still counts. It also means the outcome depends on your file at that moment rather than a quick indicative score.

What kinds of loan does Yape offer?+

The published loan types are personal and business, both handled through the app. That means the same product covers a household cost and a short term gap for a small business, and up to PEN 10,000 applies across both. Nothing in the material describes secured lending or a credit line.

How do I get help with a Yape loan?+

Support runs through a help centre, listed as help centre. That is the only channel named for the brand, so a question about a payment or a loan balance goes through written guidance rather than a phone line or live chat. Worth knowing before you take on a repayment schedule you need to track.

Sources

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

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

Related by the facts

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Peruvian app users who need a small personal or business loan in the app today.

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