Yes Bank Personal Loan: Interest Rates, Eligibility, How to Apply

Yes Bank Se Personal Loan Kaise Le: Yes Bank offers personal loan at 10.99% per annum interest rate. You can take a maximum of Rs 40 lakhs for a repayment tenure of 5 years. The processing fee is up to 2.50% of the loan amount.

Yes Bank Personal Loan Details

Rate of interest up to 10.75%
loan amount 1 lakh to 40 lakh
repayment period 1 year to 5 years
loan processing fee Up to 2.5% of the loan amount
EMI bounce charges 750 + GST
prepayment fee Up to 4% + GST ​​on outstanding principal
Possibly Minimum EMI Rs 2,162 per lakh

Key Features of Yes Bank Personal Loan

Yes Bank Personal Loan comes loaded with the following attractive features. Before applying for a Yes Bank personal loan, you need to know about the features and benefits of the loan.

Unsecured Loan: To avail personal loan from Yes Bank, you do not need any loan guarantor. There is no need to mortgage anything to get the loan.

Easy Repayment Facility: The borrower can use the online calculator and choose the repayment structure as per his repayment capacity. Yes Bank offers Personal Loan on flexible repayment; You can choose the loan tenure of up to 5 years.

Loan Approval in 60 Seconds: Yes Bank boasts of instant approval. You just need to fill the online form and your application will be accepted immediately for eligibility success.

Loan Eligibility: A salaried or self-employed individual with a stable monthly income of Rs 25,000 or more can avail a personal loan of up to 40 lakhs. Applicant’s age should be minimum 21 years or maximum 60 years.

Instant Loan Disbursement: Loan processing is very quick. Once your application is approved and you submit the required documents, the loan disbursement will be processed within a few hours.

Attractive interest rate: With Yes Bank, you can expect an attractive interest rate on personal loan, starting from 10.75% per annum.

Minimum Documentation: One can apply for Yes Bank Personal Loan online through the website; The process is quick due to basic documentation requirement.

Balance Transfer Facility: Yes Bank offers affordable personal loan balance transfer facility at the lowest rate of interest.

Part Prepayment/Foreclosure Allowed: After successfully paying 12 EMIs on your Yes Bank Personal Loan, you can part prepay or foreclose your loan at minimal charges.

Yes Bank Personal Loan Eligibility Criteria

type of employment Salaried and self-employed individuals who must have a fixed amount of income.
employment status Should be employed/in business for at least 2 years with at least 1 year experience with the current employer/business.
nationality Must be an Indian citizen
revenue Minimum Rs 25,000 for salaried, 12 lakh for self employed gross annual income.
minimum age 21 years
maximum age 65 years
Document Must have valid documents for KYC and income verification.
CIBIL Score 700 or more

How to get the best offers for Yes Bank Personal Loan?

You can avail the best interest rate from Yes Bank based on your loan amount, repayment tenure, income and other liabilities assessment.

Below are a few points that can help you get the personal loan interest rate offered by Yes Bank:

Loan Amount: This is the amount that you take a loan from the bank. Generally, banks offer lower interest rates for higher loan amounts.

Monthly Income: Yes Bank analyzes your loan repayment capacity through your monthly income. Loans will be offered at a lower interest rate to individuals in the higher salary bracket.

Employer Category: Each bank has an internal list of companies that are ranked from high to low based on the company’s size, reputation and relationship with the bank. Employees working in high-end companies get attractive personal loans at low interest rates.

CIBIL Score: Most of the banks prefer to offer low interest rate personal loans to borrowers with high CIBIL score (750 or above).

Relationship with the bank: If you are an existing customer of the bank, you can get special interest rates and offers on personal loans.

Repayment Tenure: The tenure of a personal loan is usually short, ranging from 12 months to 60 months. If you want a better interest rate, then opt for a longer tenure.

How to apply for Yes Bank Personal Loan?

You can apply for Yes Bank Personal Loan online at the official website or at your nearest Yes Bank branch. Here is a simple guideline to apply for the loan:-

  • If you have an account with Yes Bank then fill your details by clicking on the link given below :- moneymatters
  • Calculate your loan requirement. You should first determine the amount you need and make a repayment plan for the same.
  • Find out your personal loan eligibility. You can use the Yes Bank personal loan eligibility calculator available on the website.
  • Once you have determined your eligibility, click on the Apply Now button on the website to start the application process.
  • An authorized representative of the bank will contact you to complete the application process. You have to submit the relevant documents.
  • Once you submit all the required documents, the loan will be processed and approved in 5 days. Upon successful approval, get the funds in your bank account within a few hours.

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