Kyvu

Kyvu brings Financial Inclusion to salaried employees***.  We partner with third-party NBFCs (listed below), banks and other web 3.0 platforms to create and unlock the >$2 trn Digital Asset Universe via Ethical Loans, NFT Marketplace, Rewards, Kyvu Games, Kyvu Visa Cards, Credit Scores and much more!
 
NBFC partner(s): Apollo Finvest India Limited
https://www.apollofinvest.com/list-of-lending-service-providers
 
***Note: If you are an employer or employee and want to learn more, please visit us at https://www.kyvuindia.com or email us at [email protected].
 
How it Works:
Kyvu offers you salary-driven and other loans at ethical rates, with the following key features:
- Loans range from INR 2,500 to INR 250,000
- Average Tenure: 95 days to 24 months
- 2% transaction fee plus interest rates ranging from 0% to 30%
- Minimal credit history is required
- Straightforward KYC including Aadhaar card, PAN card, selfie & salary slips
- Simply log-in to the Kyvu mobile app, complete the KYC process, select the loan amount and get the money in your bank account generally within 24 hours or less!
- The best part is as you use Kyvu, you get access to the Kyvu marketplace full of channel partners that focus on a variety of traditional and Web 3.0 products 
 
Eligibility Criteria:
Indian citizen employed at a Kyvu-approved employer
Salaried individual with minimum take home pay of INR 25,000 per month
Above the age of 21
Possesses valid Aadhaar card, PAN card, Address ID proof, Salary Account bank statement and Proof of Employment (e.g., recent salary slips, etc.)  
 
Security Standards: Ensuring employer and employee data security is our
highest priority. We follow robust information security protocols and
comply with all applicable security standards.
 
1. Minimum and maximum period for repayment
Minimum to Maximum Repayment Period: 95 days to 12 months.
2. Maximum Annual Percentage Rate (APR), which generally includes interest rate plus fees and other costs for a year, or similar other rate calculated consistently with local law
Maximum APR: 35%.
 
3. A representative example of the total cost of the loan, including the principal and all applicable fees
2% transaction fee plus interest rates ranging from 0% to 30%.
 
For Example:
If the loan amount is INR 10,000 & interest is 18% per annum with a tenure of 95 days, a processing fee of INR 200 would be charged, and the user would receive INR 9,800. The interest for 95 days would be INR 468. The EMI (due in 95 days) would be INR 10,468. This would result in an APR of 26%.
 
4. A privacy policy that comprehensively discloses the access, collection, use, and sharing of personal and sensitive user data
Privacy Policy located at https://www.kyvuindia.com/privacy-policy.
 
Please visit https://www.kyvuindia.com for more information.
 
Questions? Please email us at [email protected].
 
Prior to using the Kyvu app, please review our Terms & Conditions and
Privacy Policy located at https://www.kyvuindia.com/terms-conditions and
https://www.kyvuindia.com/privacy-policy.