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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Yes Finance


About lender

Yes Finance is a direct lender that provides qualified applicants in participating U.S. states with closed-ended installment loans. The official website offers rates to 10 U.S. States, mainly Idaho, Kansas, Mississippi, Missouri, New Mexico, South Carolina, Tennessee, Texas, Utah, and Wisconsin. During business hours, which are Monday through Friday from 8 a.m. to 4:30 p.m. CDT, it contacts every candidate and responds to inquiries in 30 minutes or fewer.

Yes Finance is a New Zealand-owned and controlled private firm that was created in 1997. Yes Finance began with a focus on the retail sector, providing financing to retailers for their customers to purchase goods. It offers more personalized experience for consumers and is now a stable financial solution provider.

Whether you're looking for a loan for a vacation, home improvement, a large purchase, or medical expenditures, Yes Finance issues loans to cover these expenses.

Pros and cons of Yes Finance

Pros of Yes Finance

  • Quick and easy online application;

  • Short-term solution;

  • Offers installment and payday loans.

Cons of yes Finance

  • Not accessible in all states;

  • Hidden fees may apply;

  • Not for a long-term solution.

Terms and conditions of Yes Finance

The initial fees differ depending on where you live. Yes Finance will not charge you any additional fees after your loan has been approved. The interest rates and fees in your loan agreement are documented and disclosed during the approval procedure.

State regulations on lending differ. The amount of the loan will be determined by the applicant's creditworthiness, which will be determined throughout the application process. Yes Finance doesn't operate in some states. Not all applications or extensions requested are granted. Approval and loan terms vary based on the applicant's qualifications and residency state. Based on credit determination and state law, the exact loan amount, period, and APR amount a customer qualifies for may vary. State minimum loan amounts may also differ. When additional verification or documentation is necessary, decisions may take longer.

Conditions for the states

  • Kansas. Yes Finance Kansas LLC is a direct lender in Kansas with a state license. No service businesses, Indian tribes, or other unaffiliated third-party lenders will be involved in the transaction and funding of your loan. The Kansas Office of the Bank Commissioner has granted Yes Finance Kansas LLC a license. Your Kansas Line of Credit will be worth between $200 and $2,000, depending on the underwriting procedure. Yes Finance let you know if you're approved and how much you might be eligible for when they reviewed your application.

  • Idaho. Idaho installment loan amount from $200 to $1,000 with repayment terms of approximately 6 months. The APR ranges from 299% to 599% organized to last well under 12 months. You can generally funded via ACH or debit card. As part of Yes Finance loyalty program, customers who pay on time and/or pay off their loan in full may be qualified for bigger loan amounts and lower interest rates.

  • Mississippi. Mississippi Department of Banking and Consumer Finance has granted Yes Finance Mississippi LLC a license. Mississippi Installment Loan amounts $100-$1000 with repayment terms of approximately 5 months (Loans $500 and below) and 6 months (Loans $501 and above). Yes Finance will levy a monthly handling fee of up to $25 for $100.00 borrowed per month in line with the Mississippi Credit Availability Act. An origination fee of 1% of the loan amount or $5.00, whichever is greater, may also be imposed.

  • Missouri. The Missouri Division of Finance has granted Yes Finance Missouri LLC a license. Missouri installment loan amount from $200 to $1,000 with repayment terms of approximately 6 months. The APR ranges from 399% to 599% constructed to last well under 12 months.

  • New Mexico. The Financial Institutions Division of the New Mexico Regulation and Licensing Department has granted Yes Finance New Mexico LLC a license. New Mexico installment loan amount from $200 to $700 with repayment terms of approximately 8 months. The APR ranges from 170% to 175% constructed to last well under 12 months.

  • South Carolina. The South Carolina of Financial Institutions has granted Yes Finance South Carolina LLC a license. Installment loan amount from $610-$1000 with repayment terms of approximately 6 months. The APR ranges from 499% to 549% constructed to last well under 12 months.

  • Tennessee. The Tennessee Department of Financial Institutions has granted Yes Finance Tennessee LLC a license. Your Tennessee Line of Credit will have a credit limit of $200 to $2,000, depending on the underwriting procedure. The APR ranges from 255.5% to 279.5%.

  • Texas. As a Credit Services Organization (CSO) and a Credit Access Business, Yes Finance arranges Installment Loans for Texas residents (CAB). For first-time consumers, the maximum loan amount is $700. Customers who return may request up to $1,500. The third-party lender charges interest of 10% per year on the principal amount borrowed. If your loan is paid back bi-weekly, semi-monthly, or weekly, a CAB/CSO fee of $11 per $100 borrowed applies; if your loan is paid back monthly, a CAB/CSO fee of $24 applies.

  • Utah. The Utah Department of Financial Institutions has granted Yes Finance Utah LLC a licensed. Installment loan amount from $200 to $1000 with repayment terms of approximately 8 months. The APR ranges from 399%-599% constructed to last well under 12 months.

  • Wisconsin. The Wisconsin Department of Financial Institutions has granted Yes Finance Wisconsin LLC a license. Installment loan amount from $200 to $500 with repayment terms of approximately 8 months. The APR ranges from 399%-599% produced to last well under 12 months.

Funding a loan

Customers can apply for a loan through Yes Finance official website. The exact loan amount, period, and APR amount all depend on the applicant's state of residency and vary based on credit.

The lender approves its loans 10:00p.m. ET Monday through Friday. They are funded via ACH the next business day. If applications require additional verification or documentation, the approved funds can be disbursed by the following business day.


Can I cancel my Yes Finance loan after I sign the loan agreement?

Yes, you have three business days from the loan's effective date to cancel your loan interest-free and without penalty. Please contact Yes Finance Customer Contact Center at 1-866-204-1129 to cancel.

Do I need a bank account to take out a Yes Finance loan?

To take out the money, you must currently have an open checking account with a bank or credit union.

Do I need a job to take out a loan from Yes Finance?

Yes Finance does not need that customers have a job to be eligible for a loan. On the other hand, a regular source of income is required to demonstrate that you can make timely loan payments.

If my Yes Finance application is not approved, can I apply again?

Definitely. Yes Finance aims to be your chosen source of finances, although they recognize you may face many financial difficulties.

Company documents

Privacy Policy

Whether your loan is for a holiday, home improvement, big purchase or medical expenses, rest assured we try to cater to every need.

© YesFinance

Calculate loan payments in Yes Finance

Yes Finance calculator will allow you to calculate an approximate payment schedule for the loan

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What to focus on before applying for a loan with Yes Finance

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Yes Finance and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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