YES Bank Personal Loan
Max Tenure
12-72 Months.
Best Rate
11.05% P.A.
Processing Fee
1.0%
Currently not available! for similar products
YES Bank Personal Loans
Yes Bank gives personal loans for loan amounts up to Rs. 40 Lakhs, for durations up to 5 years, and with interest rates of 10.99% per annum onwards. Apply for a Yes Bank Personal loan with CreditMantri and get quick cash.
How to Apply for Yes Bank Personal Loan
Yes Bank Personal Loans
Yes Bank gives personal loans for loan amounts up to Rs. 50 Lakhs and with interest rates starting from 10.99% per annum onwards. The repayment tenures are flexible and vary between 1 to 6 years. Apply for a Yes Bank Personal loan with CreditMantri and obtain quick cash.
Key Highlights of The Yes Bank Personal Loans
Interest Rate: 10.99% p.a. to 20% p.a. |
Loan Amount: Upto INR 50 lakhs |
Processing Fees: Upto 2% on loan amount |
Flexible repayment tenure: From 12 to 72 months |
Yes Bank Personal Loans - Benefits
- 1-minute approval
- Collateral free loans
- High cost personal loans from other banks can be easily transferred
- Part prepayment allowed after 12 EMIs
- Instant fund disbursal
- No end-use restriction
- Tax Benefits
- Provides hassle-free doorstep banking services
Yes Bank Personal Loans - Comparison with Other Lenders
Bank | Interest Rate | Processing Fees |
|---|---|---|
Yes Bank | 10.99% onwards | Up to 2% on loan amount |
Axis Bank | 10.49% onwards | Up to 2% of the loan amount + GST as applicable |
IndusInd Bank | 10.49% onwards | Upto 3% of the loan amount |
IDFC First Bank | 10.49% onwards | Upto 3.5% of the loan amount |
HDFC Bank | 10.50% onwards | Upto 2.50% of the loan amount plus applicable taxes |
Tata Capital | 10.99% onwards | Up to 3.5% of the loan amount plus GST |
Kotak Mahindra Bank | 10.99% onwards | Up to 3% of the final loan amount plus applicable taxes. |
Bajaj Finserv | 11.00% onwards | Upto 3.93% of the loan amount |
Federal Bank | 11.49% onwards | 2.5% of the loan amount subject to a minimum of Rs. 500 |
| L&T Finance | 12.00% onwards | Up to 2% of loan amount + applicable taxes |
DMI Finance | 12.00% - 40.00% | Up to 4% of the loan amount |
Kreditbee | 12.25% - 30.00% | From 1.02% to 2.49% per month |
Money Tap | 12.96% onwards | Monthly 1.08% onwards |
| Piramal Finance | 12.99% onwards | 4% of the loan amount plus taxes |
Aditya Birla | 13.00% onwards | Upto 2% of the loan amount |
MoneyView | 15.96% onwards | Starts at 2% of the approved loan amount |
| Cashe | 27.00% onwards | Between Rs. 500 and Rs.1,200 based on the loan product you are eligible for. |
Eligibility Criteria For Yes Bank Personal Loans
Criteria | Salaried | Self-employed |
|---|---|---|
CIBILTM Score | 700 and above | 700 and above |
Age | Contact the bank for details | Contact the bank for information |
Loan amount | 1 lakh to 50 lakhs | 1 lakh to 50 lakhs |
Interest rate | 10.99% per annum | 10.99% per annum |
Minimum Income | Rs. 25,000 per month (if residing in tier 1 cities) Rs. 18,000 monthly (if residing in tier 2 cities). | |
Loan Tenure | 1 to 6 years | 1 to 6 years |
Prepayment Charges | 4% of principal outstanding plus service tax after 12 EMIs | 4% of principal outstanding plus service tax after 12 EMIs |
Documents Required For Yes Bank Personal Loans
The documents required for Yes Bank Personal Loans are:
Common Documents
For Salaried Applicants
For proprietorship
For Private Limited Company
For partnership
Yes Bank Personal Loans Fees and Interest Rates
Interest Rate | 10.99% |
Processing Fee | Upto 2.50% of the loan amount |
Stamp duty and other statutory charges | According to applicable laws of the state |
Repayment mode swap charges | Rs. 750 per transaction |
Loan cancellation or rebooking charges | Rs. 1000. Both the cancellation and interest charges will be paid by the borrower. Cancellation is allowed within 15 days from the loan disbursal date.) |
Duplicate No Due Certificate/No Objection Certificate | Rs. 250 |
CIBIL TM charges | Rs. 50 per instance |
Legal/Incidental/Collection charges | At actuals |
Part pre-payment charges | 13-24 months of EMI repayment - 20% of POS 25-36 months of EMI repayment – 20% of POS 37 to 48 months of EMI repayment – 25% of POS >48 Months of EMI repayment – 25% of POS |
NeSL charges | Fee for each loan/debt record of a borrower for the first year - Rs. 25 Annual renewal fee per loan/debt record of A borrower - Nil |
Foreclosure charges | Foreclosure of Loan is allowed post the repayment of 12 EMIs
13-24 Months of EMI repayment – 4% of POS 25-36 Months of EMI repayment – 3% of POS 37-48 Months of EMI repayment – 2% of POS >48 Months of EMI repayment – NIL |
Late payment fees/penal charges | At the contractual rate for overdue amount/period after 30 days grace period |
Cheque bounce or return charges | Rs. 750 per presentation |
How to Apply For A Yes Bank Personal Loan?
Online Apply Via CreditMantri
Step 1: Ater checking the features, pricing, and documents required, click on check eligibility
Step 2: You will be taken to the application page
Step 3: Enter the basic details required
Step 4: Click on view eligible offers to check the Yes Bank offers available according to your eligibility.
Step 5: Click Next.
Step 6:An OTP will be dispatched to your mobile. Enter this OTP for verification.
Step 7: Submit the application.
Online Through the Bank’s Website
Step 1: Evaluate your requirements for the loan
Step 2:Applicants should meticulously analyse their current income and other inevitable expenses to choose the amount of EMIs they will have to pay.
Step 3: Next, check your eligibility for a personal loan at Yes Bank
Applicants should enter the details such as:
- Age
- Monthly income
- Other repetitive monthly expenses including any current EMIs
- Employer
- Employment History: Years at current job
- The period of living at current residence, whether it is rented, owned, or mortgaged
Step 4:You will get a call from YES Bank.
Step 5:Ensure that you have all the required documents including know your customer (KYC) and proof of income.
Step 6:Customers should ensure they have the following documents:
- Application form
- Identity Proof
- Passport
- Driving License
- Aadhaar Card
- Voter ID
- Address Proof: A valid form of ID proof with the permanent address (Must be at least a year old)
- Income Proof: Bank statements from the last three months
Step 7:Follow the rest of the steps to complete the loan application
Offline:
You can go to the nearest branch of the bank and apply for the Yes Bank personal loan.Features of Yes Bank Personal Loans
- You can avail personal loans starting from Rs.1 lakh up to Rs.50 Lakhs
- Get a repayment duration of 12 to 72 months for comfortable monthly EMIs.
- Customers can use the personal loan EMI calculator available on the YES bank website to calculate monthly EMI amount
- Collateral-free loans
- Less than a minute for approval. Can get an in-principle loan approval through the YES Bank mPower Bot in just a minute.
- Quick approval of your loan within 5 business days of submitting the application subject to submission of all the relevant documents.
- Funds are disbursed within a few hours after approval
- YES Bank personal loans come with low-interest rates beginning at just 10.99%.
- The loan application process is completely digital
- Minimal documentation
- Doorstep Banking - For convenience and due to the hectic schedules of people, Yes Bank has made arrangements for doorstep banking. An authorized bank executive will visit your home and complete all the due procedures needed.
- Net banking and mobile banking services are open to manage your loan account, pay EMIs, and other account-related services.
- Loan transfer from other banks at lower interest rates.
- You can also utilize top-up amounts while moving your loan.
- YES Bank helps you to make part pre-payments towards your personal loan account so that you can reduce your interest burden.
- Yes Bank’s personal loans for holidays: Are you planning to go on your dream vacation and are you facing a financial crunch? If so, Yes Bank personal loans will aid you in transforming your dreams into reality. Yes Bank personal loans for holidays covers most of your expenses including flight tickets, hotel charges,and travel accessories (depending on the size of your loan).
- Yes Bank’s personal loans for weddings: Weddings are often a grand affair and cost quite a lot. Many people cannot conduct weddings just with their salaries or savings. In that case, they can go in for wedding loans. Yes Bank personal loans for weddings will help you cover all the costs for marriage including jewelry, makeup, clothing, decoration, wedding halls, and catering.
- Yes Bank’s personal loans for home renovation: If you need money for refurbishing or decorating your home, Yes Bank’s personal loans for home renovation will come in handy. They can be customized to fulfill your needs.
- Yes Bank Toll-Free number: 1800 1200
- Email: yestouch@yesbank.in
- SMS: Send ‘HELP’ space customer ID to +91 9552220020
Types of Yes Bank Personal Loans
Yes Bank Personal Loan Customer Care
For any general queries about a personal loan, customers can contact Yes Bank personal loan customer care. You can ask any doubts regarding the personal loan application, interest rate, EMI computation, loan disbursal etc. You can reach out to Yes Bank customer care through the following ways:Yes Bank Personal Loan Status Check
If you have applied for a personal loan with Yes Bank and want to track its status, then Yes Bank offers various tracking options. You can check the Yes Bank personal loan through the application form number, identity details, and mobile number online. Offline, you can track it by calling customer care, sending an SMS, and visiting the branch.Yes Bank Personal Loan EMI Calculator
Using a personal loan EMI calculator will help you choose the right lender. You have to pay your loan EMIs regularly in order to maintain your credit score. So, before you finalize your loan, know the quantum of your EMIs. Use the Yes Bank Personal Loan EMI calculator on the CreditMantri website to compute your EMIs.Yes Bank Personal Loan FAQs
1. What is the best rate of interest I can get on my YES Bank personal loan?
The interest rate charged for a personal loan from YES BANK is determined by a number of factors, including age, income, and employment status of the customer. However, YES BANK provides some of the most competitive interest rates available in the market, beginning from just 10.99%. Usually, the lowest interest is applicable to salaried individuals.
2. What is the maximum loan amount I can get as a personal loan?
YES Bank offers personal loans starting from Rs.1 lakh up to Rs.50 lakhs.
3. How long do I get to repay the personal loan?
YES Bank personal loans come with tenures ranging from 12 months to 72 months to give you a comfortable repayment.
4. Can I make part payment on my personal loan?
Yes, you can make part pre-payments on your personal loan. However, this can be done only after you pay at least 12 EMIs. There are also some charges levied for part pre-payments. Check with the bank for the relevant charges before you exercise this option.
5. How can I know how much personal loan can be availed?
To help you with this, YES Bank has the YES Bank Loan Eligibility calculator. This is a chatbot that will ask you for some basic information like age, income and location and give you an approximate loan eligibility amount. This will help in your decision making.
6. How long does it take for Yes Bank to disburse a personal loan?
Yes Bank claims to process the loan application within 5 days of applying and disburses the loan amount within a few hours of approval.
7. How can I increase my credit limit in Yes Bank?
Yes Bank customers can contact the bank and request to increase their credit limit on the credit card. Customers can call on 1800 103 1212 and make the request.
8. Can I convert Yes Bank reward points to cash?
YES Rewardz point is equal to 0.25 paisa. The balance of YES Rewardz redeemable points should be a minimum of 250 points to be eligible for redemption. The customer needs to redeem a minimum of 250 points for every redemption.