LOAN PRODUCTS

 

YVU Financial offers three types of loan products satisfying various needs of the people of Manipur. The three products that are currently being offered are:

  1. Income Generation Loan - Group
  2. Income Generation Loan – Individual
  3. Consumption Loan

 

 

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.

 

 

Insurance

 

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.

 

© YVU Financial Services Private Limited    CIN No. U65921MN1993PTC008270

 

Corporate Governance

 

Partners

 

Products and services

Governance

Key Management Personnel

 

Reports

Events

Old age support program

 

Customer Service