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.

LOAN PRODUCTS

Income Generation Loan – Group

 

 

Loan size

Rs. 5,000 to Rs. 80,000 (max. Rs. 35,000 for 1st cycle)

 

Interest rate

24% 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 7 to 30 women members who carries out small business activities, petty trade, vegetables vendor etc. for financing diverse business needs such as capital equipment

Income Generation Loan – Individual

 

Loan size

Rs. 5,000 to Rs. 1,00,000 (max. Rs. 60,000 for 1st cycle)

 

Interest rate

24% 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.

Emergency Loan

 

 

Loan size

Rs. 5,000 to Rs. 1,00,000 (max. Rs. 60,000 for 1st cycle)

 

Interest rate

24% 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.

INSURANCE PRODUCT

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.

DO YOU NEED LOAN?

In case you want to apply for micro credit, you may contact us at contact@yvu.co.in or +91 98566 46100‬

About us

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.

Contact Info

Waiview Bhavan,

Thoubal Wangmataba, Thoubal,

Manipur - 795138

 

Email: yvufinancial@yvu.co.in