1. Overview
Yuva is an instant personal loan app offered by YUVARAJ FINANCE PRIVATE LIMITED, an RBI-registered NBFC. It provides small personal loans completely online, targeting users with a youthful, modern, and fast experience.
The app offers loans up to ₹20,000 with flexible tenures between 61 and 365 days, and charges a relatively high interest rate and processing fees, leading to a maximum APR of 97% (including interest + fees).
2. Features
- Instant personal loans up to ₹20,000
- Repayment period: 61 to 365 days
- Interest rate: 36% per annum
- Fees starting from: ₹99 (processing and related charges)
- Maximum APR (interest + all fees): 97%
- 100% digital process – no physical paperwork
- Modern, easy-to-use interface
- Minimal steps and information required
- Multiple repayment options: UPI, card, wallet
- New-to-credit customers can also be considered
- Higher loan amounts for repeat users with good repayment history
- 24/7 support via email, helpline, and WhatsApp chat
3. Eligibility
To be eligible for a Yuva loan, the user must:
- Be an Indian adult citizen
- Have a valid PAN
- Complete Aadhaar verification via Digilocker
- Have monthly household income more than ₹25,000
- Have annual income more than ₹3,00,000
- Have a valid bank account
4. Required Documents
- PAN card
- Aadhaar (verified through Digilocker)
- Bank account details
- Basic personal and financial details (income, employment, etc.)
Most documentation and verification are done digitally within the app.
5. Charges Table (Yuva)
| Charge Type | Details |
|---|---|
| Maximum Loan Amount | Up to ₹20,000 |
| Tenure | 61 – 365 days |
| Interest Rate | 36% per annum |
| Fees | Start from ₹99 |
| Maximum APR | Up to 97% (interest + all fees) |
| Processing Fee | Included in “fees” (e.g., ₹699 in example) |
| Other Hidden Fees | App claims no hidden or upfront fees |
Note: Even though the app mentions “no hidden fees”, the effective cost (APR) can still be very high because of the combination of interest + processing fee for short durations.
6. Loan Example (From App)
- Loan Amount: ₹10,000
- Tenure: 93 days (3 installments, 31 days apart)
- Interest Rate: 36% per annum
- One-time Processing Fee: ₹699
Interest Calculation:
- Interest = ₹10,000 × 36% × 93 / 365
- Interest ≈ ₹917
Total Fees & Interest:
- Interest: ₹917
- Processing & other fees: ₹699
- Total Cost: ₹917 + ₹699 = ₹1,616
Total Amount Payable:
- Principal + Total Cost = ₹10,000 + ₹1,616 = ₹11,616
Monthly Installment (3 EMIs):
- ₹11,616 ÷ 3 ≈ ₹3,872 per installment
This example shows that the effective cost is high compared to the principal amount.
7. Step-by-Step Process (How It Works)
- Register with phone number
- Install the Yuva app and sign up using your mobile number.
- Select loan amount and tenure
- Choose an amount (up to ₹20,000) and a suitable repayment period (61–365 days).
- Provide data and verify KYC
- Fill in personal, income, and bank details.
- Complete PAN and Aadhaar verification (via Digilocker).
- Receive loan decision
- The app evaluates the application and gives a decision (approval/rejection).
- Sign loan agreement
- If approved, review all charges, EMIs, and terms.
- Accept and sign the digital loan agreement.
- Get money in bank account
- After signing, the loan amount is transferred directly to your bank account.
8. Advantages
- Fully digital, quick application process
- Simple and modern user interface
- Only necessary documentation is required
- Multiple repayment options: UPI, card, wallet
- 24/7 support channels (email, helpline, WhatsApp)
- New-to-credit customers may also be considered
- Repeat users can get higher loan limits over time
9. Disadvantages
- High overall cost: effective APR can go up to 97%, which is very expensive
- User reviews report cases like:
- Borrow ₹500 → repay ~₹700
- Borrow ₹1,000 → repay ~₹1,500
- Initial loan amounts are often very small (e.g., ₹500 or ₹1,000)
- Some users complain of:
- Very high interest rate for small loans
- Difficulty getting repeat loans even after timely repayment
- Feeling that the app is more focused on data collection
- Not suitable for long-term or large financial needs
10. Data Protection (as claimed by the app)
- Member of FACE (Fintech Association for Consumer Empowerment)
- Data is encrypted and securely stored
- Users can request data deletion
- Claims not to transfer data to third parties
- Does not ask for “sensitive permissions” beyond what is necessary
11. Support & App Details
Customer Support:
- Email: care@yuvalms.in (from reply in reviews)
- 24/7 support via email, helpline, and WhatsApp (as per features)
App Information:
- Provider: YUVARAJ FINANCE PRIVATE LIMITED
- Rating: 4.3 (around 1.51 lakh reviews)
- Downloads: 10,00,000+
- Version: 1.5.0
- Updated on: 29 September 2025
- Requires: Android 8.0 and above
- Download size: ~45 MB