Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan BYTES FROM OUR KITCHEN

    Youth Volunteer’s Union (YVU) Financial Services is a finance company that offers financial aid to women in India to enhance their socio-economic status in the country. The company is based in Manipur.

    YVU Micro Finance

    YVU Microfin is a microfinance unit of YVU. It is a trust registered under Indian Trust Act 1882. YVU commenced its microfinance operation as ‘Women Credit and Thrift Project (WCTP)’ in Manipur on 2nd October, 1996 under the leadership of Akoijam Tikendrajit Singh, with a capital of Rs. 35,000 and small grant assistance from Evangelische Zentralstelle (EZE), Germany. Since the inception of YVU, it has undertaken many grant-based projects. However YVU has identified credit as a better tool for improving the economic condition of downtrodden people as well as sustainability of YVU.The Company offers various kinds of loan products.

    YVU Micro Finance Income Generation Loan – Group

    It is a group plan where in finance is granted for income generation purposes to ensure that the customer can stand on their own feet financially. Listed below are some of the features of this group plan.

    • Plan designed for women
    • It is a group plan
    • Offers finance for women involved in income generating activities
    • The loan is provided for a group consisting of about 5 to 7 women members who are involved in small business activities, trade, vendors, etc.
    • Loan size-Rs. 5,000 to Rs. 1,00,000
    • Loan term- Varies with loan amount (complies with RBI guidelines)
    • Moratorium period- 1 week
    • Interest rate-23.40% p.a. (monthly reducing balance)
    • Processing fee-1% of the Loan amount + GST
    • Insurance premium-0.5618% of the Loan amount
    • Instalment- Weekly installment
    • Easy to apply for

    YVU Micro Finance Income Generation Loan – Individual

    This loan plan is an individual loan plan wherein finance is provided for an individual for income generation purposes. Listed below are some of the important features of the product.

    • It is an individual loan plan
    • Offers finance for individuals involved in income generating activities
    • The loan is provided for small entrepreneur, micro-entrepreneur, vegetable vendor, petty manufacturer, petty trader etc.
    • Loan size-Rs. 2,000 to Rs. 1,00,000
    • Loan term- Varies with loan amount (complies with RBI guidelines)
    • Moratorium period- 1 week or 1 month depending on the customer’s choice
    • Interest rate-23.40% p.a. (monthly reducing balance) for weekly repayment and 24.60% p.a. (monthly reducing balance) for fortnightly & Monthly repayment
    • Processing fee-1% of the Loan amount + GST
    • Insurance premium-0.5618% of the Loan amount
    • Instalment- Weekly, fortnightly and monthly installment
    • Hassle free application process

    YVU Micro Finance Emergency Loan

    This personal loan is offered by YVU for individuals for personal purpose. The loan amount granted can be used for personal expenditures. Listed below are the features of the plan.

    • Individual personal loan plan
    • Offers finance for personal expenditures
    • Loan size-Rs. 2,000 to Rs. 1,00,000
    • Loan term- Varies with loan amount (complies with RBI guidelines)
    • Moratorium period- 1 week
    • Interest rate-23.40% p.a. (monthly reducing balance)
    • Processing fee-1% of the Loan amount + GST
    • Insurance premium-0.5618% of the Loan amount
    • Instalment- Weekly installment
    • Easy to apply for
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