Analyse de l'application Yuva - Personal Loan App pour le 4 décembre

Yuva is an instant personal loan app provided by RBI (Reserve Bank of India) registered NBFC (Non-banking Financial Company) - YUVARAJ FINANCE PRIVATE LIMITED. Our goal is to convey a sense of youthful energy, dynamism, and forward-thinking. 1. DETAILS AND REPRESENTATIVE COST CALCULATION: o Loan amount: up to 20,000 Rs. o Repayment period: 61 - 365 days o Interest rate: 36% per annum o Fees: start at 99 Rs. o Maximum Annual Percentage Rate (including interest rate and fees): 97% For example, if the loan amount is 10,000 Rs. with a repayment period of 93 days (three installments in 31 days each), the interest is 36% per annum with a one-time processing fee of 699 Rs. The total cost of the loan will be 10,000 Rs. 36% 93 / 365 (interest) + 699 Rs. (all fees applicable) = 917 Rs. + 699 Rs. = 1,616 Rs. The total amount to be paid is 10,000 Rs. + 1,616 Rs. = 11,616 Rs., so a monthly payment is 11,616 Rs. / 3 = 3,872 Rs. 2. ELIGIBILITY RULES FOR PERSONAL LOAN: o Indian adult citizen o Valid PAN o Aadhaar verification via Digilocker o Monthly household income > 25,000 Rs. and the annual income > 3,00,000 Rs. o Valid bank account details 3. DATA PROTECTION: o We comply with regulation rules 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 don’t transfer data to third parties o Yuva App does not ask for sensitive permissions o For more details please visit Data safety section 4. MAIN FEATURES OF YUVA INSTANT LOAN APP: o Competitive products o Easy to get user interface and modern design o Optimized process with minimum steps and information required o Various loan repayment options (UPI, card, wallet) o 24/7 customer support (email, helpline, Whatsapp chat) 5. YUVA LOAN APP PROVIDES: o No hidden or upfront fees o Only necessary documentation o Fast decision o New to credit customers can be also considered o Higher loan amounts for repeat clients 6. HOW IT WORKS: o Register with phone number o Pick affordable loan amount and term o Provide data for loan application and verify KYC o Receive decision and sign loan agreement in case of positive one o Right away get money in your bank account 7. ANY QUESTIONS: Please check App support section.