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YES BANK PERSONAL LOAN

ABOUT YES BANK PERSONAL LOAN :

Yes Bank was established in 2004 and their headquarters in Mumbai. It offers a wide range of banking and financial services for corporate and retail customers. This loan is also available for both salaried and self employed customers. A personal loan has been borrowed from a bank to meet personal needs and day-to-day emergencies. Yes bank is used to help with expenses related to travel plans, medical emergency, wedding, and home renovation etc. Yes Bank personal loan is among the most convenient ways to avail cash. 

BENEFITS OF YES BANK PERSONAL LOAN :

1. No requirement of security :

Yes Bank is an unsecured loan that's why it does not required any security and guarantor for personal loan 

2. Quick approval :

Yes Bank provides personal loan approval in a very speedy way for the customers so they don't have to waste their precious time for loan approval. They can easily get approval for the personal loan either online or offline.

3. Simple documentation process :

Yes Bank required less and simple documentation for the processing of personal loans.The documents submitted by the customers are KYC, address proof and income proof with the loan application form. It is not required to submit so many documents for a personal loan. The process of documentation is very simple and fast

4. Offers best interest rates :

The minimum interest rate of Yes Bank personal loans is 11% and the maximum interest rate is 16.75%. Basically the rate of interest will be decided by the bank according to the customer age, employment type, overall profile and the most probably Cibil score. 

5. Easy repayment tenure :

Yes Bank personal loan offers the best and flexible loan tenure of 1 years to 3 years. The Yes Bank personal loans are taken to meet their sudden needs of the customers.

 

 FEES AND CHARGES OF YES BANK PERSONAL LOAN :

TYPE

CHARGES

Preclosure charges

13-24 months of EMI repayment - 4% of principal outstanding

25-36 months - 3% of principal outstanding

37-48 months - 2%. No fee applicable above 48 months of EMI repayment

Part-payment charges

2% plus applicable taxes on the part-payment amount 

Processing fees

2.50% of loan amount

Cheque bounce

Rs 750 for each bounced cheque plus applicable taxes


COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE :

BANKS

INTEREST RATES

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.50% to 12%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

7.65% to 12.65%

Bank of India Personal Loan

12.15% to 14.15%

Canara Bank Personal Loan

12.05% onwards

 

ELIGIBILITY CRITERIA FOR YES BANK PERSONAL LOAN :

It is difficult to get personal if you are not eligible. Now for your information we mention eligibility point in this table:

ELIGIBLE 

Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. 

AGE

25 years to 53 years at the time of loan maturity

 

OTHER LOAN PRODUCTS OF YES BANK :

1. YES Bank Personal Loan

2. YES Bank Business Loan

3. YES Bank Holiday Loan

4. YES Bank Car Loan

5. YES Bank Commercial Vehicle Loan 

6. YES Bank Credit Cards

 

DOCUMENTS REQUIRED FOR YES BANK PERSONAL LOAN :

Some Important documents required for your YES Bank Personal loan:

TYPE

DOCUMENTS 

Proof of Identity

Aadhar card, pan card, driving license, passport etc.

Address proof

Aadhar card, voter id, rental agreement, registry and utility bills

Income proof

Last 3 months bank statement

 

HOW TO APPLY FOR ONLINE YES BANK PERSONAL LOAN :

  • Browse to YES bank portal

  • Now go to “Personal” section

  • IN “YES Individual” menu select “Loans”

  • Now click on “Personal loan”

  • Complete the registration form and attached all required documents

  • After that submit your application form

 

HOW TO CALCULATE EMI OF YES BANK PERSONAL LOAN :

The following formula is used to calculate EMI of Yes Bank personal loan :

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

EMI = Equated Monthly Installment

P = Principal Loan Amount

R = Monthly Interest Rate

N = Number of Monthly Installments

                                                       

FREQUENTLY ASKED QUESTIONS :

1. What is the maximum limit for Yes Bank personal loan?

The maximum limit for Yes Bank personal loan is Rs. 2 lakh.

2. How much interest rate is charged by Yes Bank on personal loan?

Yes Bank personal loan interest rate is 20% to 22% 

3. What is the minimum and maximum tenure of personal loan in Yes Bank?

The minimum and maximum tenure of  YES Bank personal loans is 1 to 3 years 

4. How much processing fee is charged by Yes Bank on personal loan?

Processing fee is charged by Yes bank personal loan starting at 2.50% loan amount.

5. Is age an eligibility factor to get a personal loan from Yes Bank?

YES, your age must be 25 years to 53 years at the time of loan maturity

6. How can I apply for a Yes Bank personal loan?

Directly visiting the nearest branch or can apply online at their website. 

7. Is there security or collateral needed to get a personal loan from Yes Bank?

It’s an unsecured loan, no collateral and security needed to get a Yes bank personal loan 

Last Updated on : 07/Sep/2020

Know More About

Yes Bank Personal Loan

You're eligible for a Yes Bank Personal Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Yes Bank Personal Loan Interest Rates

Updated on 25 Nov 2017

Yes Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 20% - 22%
Processing Fees 2.50% of the loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959