Loan products have been designed in compliance with RBI guidelines with regards to NBFC-MFI. Loans can be taken for numerous number of purposes. Loans can be repaid in weekly, fornightly and monthly.
25.5%
25.5%
25.5%
Loan size
Rs. 5,000 to Rs. 80,000 (max. Rs. 35,000 for 1st cycle)
Interest Rate
25.5% p.a. calculated on reducing balance basis
Processing fee
1% of the loan amount plus GST
Insurance
Actual insurance premium is collected. No commission is charged by the company.
Loan tenure
12 to 24 months (complies with RBI guidelines)
Description:
This loan is given to a group of 5 to 30 women members who carries out small business activities, petty trade, vegetables vendor etc.for financing diverse business needs such as capital equipment
Loan size
Rs. 5,000 to Rs. 1,25,000 (max. Rs. 60,000 for 1st cycle)
Interest Rate
25.5% p.a. calculated on reducing balance basis
Processing fee
1% of the loan amount plus GST
Insurance
Actual insurance premium is collected. No commission is charged by the company.
Loan tenure
12 to 24 months (complies with RBI guidelines)
Description:
This loan product has been specially designed to cater to the needs of individual micro-entrepreneurs; our existing Borrowers, who have a running business and require funds for working capital or fixed assets. This loan is offered to Borrowers on an individual basis (i.e. is not guaranteed by the group) for the purpose of business improvement only.
Loan size
Rs. 5,000 to Rs. 50,000 (max. Rs. 50,000 for 1st cycle)
Interest Rate
25.5% p.a. calculated on reducing balance basis
Processing fee
1% of the loan amount plus GST
Insurance
Actual insurance premium is collected. No commission is charged by the company.
Loan tenure
12 to 24 months (complies with RBI guidelines)
Description:
This loan is given to individuals for personal and emergency purposes like hospitalization, house repairing, children education etc. Such facilities are given to clients who have good credit history with YVU Financial.
In the unfortunate event of natural or accidental death of the customer, the insurance amount helps the nominee/beneficiary to cover the existing loan as well as receive the benefits of a life cover. We have partnered with Life Insurance Corporation of India to offer a Micro Insurance policy. Currently, YVU Financial is offering a single micro insurance, which provides security to our clients and their family, at very affordable cost. It is a Pure Term Plan with no Maturity benefits. On the death of the life assured, the beneficiary will get the Sum Assured. This is a credit linked insurance and this product is only provided to the borrowers of the company.
In case you want to apply for micro credit, you may contact us at contact@yvu.co.in or +91 60093 28368
YVU Financial is the first company based in Manipur to receive NBFC-MFI certificate from Reserve Bank of India. It has operations in Manipur, Assam and Tripura.
Waiview Bhavan,
Thoubal Wangmataba, Thoubal,
Manipur - 795138
Call: +91 7005846675
Email: contact@yvumf.com
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