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Borrowing money through apps is a popular form of lending nowadays because these apps offer customers many great benefits compared to traditional borrowing methods. Especially, the app that receives the highest praise from many people is Oyescredit. Renowned as an app specializing in ultra-fast loan disbursement with simple conditions. And those are also the things that come to mind first when mentioning this application.

To borrow money, you just need to sit at home or anywhere with an internet connection, then access the app, follow the instructions, and submit the required documents. Shortly after, if your documents are valid, you will receive the money directly into your account. It’s really fast and simple that anyone can do.

Currently, the app does not support mobile app installation. However, using the app directly is not too complicated. Moreover, since there’s no need to download, it also saves space on your phone.

Should you borrow money from this app?

Oyescredit is an independent app, not affiliated with any organization or institution, so all regulations regarding borrowing are 100% determined by the app owner. Therefore, interest rates can fluctuate depending on the timing, rather than being fixed at a certain rate.

Additionally, if you regularly access the app, you will notice many updates on promotional offers. If you borrow money during a promotion, you may even enjoy a 0% interest rate, which is extremely beneficial.

However, during times when there are no promotions, you will undoubtedly have to accept borrowing at a high interest rate, much higher than bank interest rates. But in return, you won’t need to prepare various complicated documents, prove income, pledge assets, or undergo appraisal. Therefore, we advise you to only borrow from the app when you genuinely need money for legitimate purposes and cannot borrow from family or friends.

Conditions for borrowing money from Oyescredit

To decide to borrow money from this app, you need to meet all of the following conditions in order to have your application approved and receive the money:

  1. Being at least 18 years old.
  2. Having a stable job and a steady monthly income to ensure the ability to repay the debt.
  3. Possessing valid identification documents in your name, especially those that are still valid.
  4. Having a registered phone number in your name.
  5. Having a bank account, which can be from any bank as long as it has a branch operating in Nigeria.

Details of loan products

Understanding that each customer’s needs for borrowing money may vary, Oyescredit has introduced various loan products for customers to choose from. The general regulations regarding loan products are as follows:

  • Loan limit: Each customer can borrow a maximum of ₦151,000 and a minimum of ₦3500 per loan.
  • Loan term: Customers have the right to choose a suitable loan term, but it must not exceed 180 days.
  • Interest rate: Depending on each loan amount and term, the app will calculate a specific interest rate for each loan. The interest rate will range from 10% to 24% per year.
  • Transaction fee: The app does not charge any transaction fees.

Guide to Registering for a Loan at Oyescredit

Step 1: Use a computer or a phone with an internet connection, open a web browser, go to, and install the Oyescredit app from there.

Step 2: Choose the loan limit and duration that suits your needs. The app will automatically calculate the interest rate and the total amount you need to repay, including both principal and interest, after the borrowing period. This will give you an idea of how much you’ll need to repay after the loan term.

Step 3: Once you’ve selected the appropriate loan limit and duration, fill in all the required personal information as requested by the app.

Step 4: Take a photo to verify your documents. In this step, besides taking a photo of your personal identification documents, you’ll also need to hold the documents next to your face for a photo to be taken with both the documents and your face visible. This is an important step that you cannot skip, as it verifies your account and helps expedite the approval process.

Step 5: Once everything is completed, submit your application and wait for about 22 minutes for a response. When your application is deemed valid, you’ll receive the money directly into your account.

We hope that the detailed information about the Oyescredit loan app provided above can be helpful to you. If you have any further questions or concerns, feel free to leave a comment below, and we’ll assist you as soon as possible, free of charge.