Yuva Small Personal Loan Application Review
Introduction :
Get personal loan with minimal documentation and fast decision
process.
Yuva is an instant personal loan app provided by YUVARAJ FINANCE PRIVATE
LIMITED, a Non-banking Financial Company (NBFC) registered with the
Reserve Bank of India (RBI) with the Certificate of Registration number
B.-09.00301
1. DETAILS AND REPRESENTATIVE COST CALCULATION:
Details:
o Loan amount: up to 50,000 Rs.
o Tenure: 62 - 365 days
o Interest rate: 36% per annum
The Annual Percentage Rate (APR) represents the total cost of borrowing on
an annualized basis and includes the applicable interest rate along with
other fees and permitted charges, calculated in accordance with applicable
laws and regulatory guidelines.
The Annual Percentage Rate (APR) applicable to our loans varies and depends
on a variety of factors including loan tenure, and amount. Pricing is
determined through a combination of algorithmic models and policy-based
evaluation in line with applicable regulatory requirements. Our Annual
Percentage Rate (including interest rate and all fees) can range from 45% to
195% per annum. APRs are by definition higher for shorter loan tenures and
can also vary due to higher risk categorization based on the nature and
structure of the loan product chosen.
Application Download Link :
All costs associated with borrowing — including interest and any applicable
fees — are presented clearly to customers in the Key Fact Statement (KFS)
before they accept a loan. This ensures full transparency and allows
borrowers to make well informed decisions and hence strictly follows the
regulations of the RBI.
Representative Cost Calculation:
For example, if the loan amount is 5,000 Rs. with a repayment period of
124 days (four installments in 31 days each), the interest is 36% per
annum with a one-time processing fee of 678 Rs. The total cost of the loan
will be 382 Rs. (interest, calculated based on declining principal
balance) + 678 Rs. (all fees applicable) = 1,060 Rs. The total amount to
be paid is 5,000 Rs. + 1,060 Rs. = 6,060 Rs., so average monthly payment
is 6,060 Rs. / 4 = 1,515. Rs and APR 97%.
2. BASIC ELIGIBILITY RULES FOR PERSONAL LOAN:
o Applicant must be an Indian adult citizen
o Possess a Valid PAN
o Aadhaar verification completed through Digilocker
o Monthly household income above 25,000 Rs. and the annual income over
3,00,000 Rs.
o Active and valid bank account
3. DATA PROTECTION:
o We adhere to the regulatory requirements and industry standards being
the member of FACE (Fintech Association for Consumer Empowerment)
o Your data is encrypted, securely stored, and can be requested to
delete
o We do not share your data with third parties without your consent
o Yuva App does not ask for sensitive permissions
o For more information, please visit the Data safety section
Application DownLoad Link :
4. KEY FEATURES OF YUVA INSTANT LOAN APP:
o Competitive loan products
o Simple, intuitive user interface with a modern design
o Optimized application process with minimum steps and information
required
o Various loan repayment options (UPI, card, wallet)
o 24/7 customer support via email, helpline, or WhatsApp chat
5. BENEFITS OF USING YUVA LOAN APP:
o Transparent pricing with no hidden or upfront fees
o Only essential documentation needed for approval
o Fast and hassle-free loan decision
o New-to-credit customers can be also considered
o Higher loan amounts available for repeat clients
o Secure platform with end-to-end encryption
6. HOW IT WORKS:
o Register with your phone number
o Choose your preferred loan amount and term
o Provide data for loan application and complete the KYC
verification
o Sign loan agreement
o In case of loan approval the funds are instantly transferred to
your bank account, and the loan agreement becomes binding on the parties
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