Income Generation Loan – Group

 

Loan size           : Rs. 5,000 to Rs. 60,000 (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          : 0.50% of the sum assured amount plus GST for loan

                            tenure of 12 months and 1.00% of sum assured + GST

                            for loan tenure of more than 12 months

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 (reducing balance)

Processing fee : 1% of the loan amount plus GST

Insurance         : 0.50% of the sum assured amount plus GST for loan

                           tenure of 12 months and 1.00% of sum assured + GST

                           for loan tenure of more than 12 months

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.

 

 

Consumption Loan

 

Loan size          : Rs. 5,000 to Rs. 50,000

Interest rate      : 24% p.a. (reducing balance)

Processing fee : 1% of the loan amount plus GST

Insurance         : 0.50% of the sum assured amount plus GST for loan

                           tenure of 12 months and 1.00% of sum assured + GST

                           for loan tenure of more than 12 months

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.