Yes Bank Personal Loan

1. No collateral required.
2. In-principle approval within 60 seconds.
3. Fast approval and disbursal of loan.
4. Easy online eligibility check process.
5. Easy online application process.
6. Flexible repayment options ranging between 12 months and 60 months.
7. Facilities for transferring existing loans, doorstep banking, mobile banking, and part prepayment.

Types of Personal Loans Available at Yes Bank

There are three types of personal loan schemes that you can avail from YES Bank. They are:

• YES Bank's personal loan for holiday
• YES Bank's personal loan for home renovation
• YES Bank's personal loan for wedding

Documents Required to Apply for Yes Bank Personal Loan

1. Application form
2. A proof of identity such as passport, Aadhaar card, Driving License (DL), or Election Commission card
3. A proof of address - any valid ID proof with permanent address which should be at least a year old
4. Income proof - last 3 months' bank statement

How to Apply for a Personal Loan from Yes Bank

• Click on the link https://www.yesbank.in/personal-banking/yes-individual/loans/personal-loans.
• Before applying for a personal loan, it is important you access your needs and accordingly decide the loan amount you will require.
• Once you have decided upon the personal loan and tenure, you can apply online by filing the application form given on the page. You will have to enter details such as your name, email ID, mobile number, date of birth, PAN Card number, annual income, etc. and click on 'Submit'.
• You will have to submit the necessary documents. The bank will verify the application form and documents submitted by you and once they are verified, the bank will disburse the loan amount to your bank account.

You can also visit the nearest YES Bank branch along with all the necessary documents and apply for a personal loan. A representative from the bank will help you with the application process.

Eligibility for Yes Bank Personal Loan

1. The age of the applicant - for most lenders, the minimum and maximum age requirement for a personal loan are 21 years and 60 years, respectively.
2. A good credit score - the applicant should have a good credit score. The chances of getting the loan application approved are higher if the credit score of the applicant is 700 or more.
3. The monthly income of the applicant is also taken under consideration for a personal loan application.
4. The reputation of the employer and the employment history of the applicant is also checked.
5. The credit history, as well as, other active loans and recurring monthly expenses of the applicant are considered before approving a personal loan.

Check Your Eligiblity

How do I Calculate EMI for Yes Bank Personal Loan?

Visit our banking related personal loan EMI calculator and get an instant quote on your monthly payments. To know more, go to YES BANK Personal Loan EMI calculator.

Personal Loan EMI Calculator given on YES BANK's website can also help determine the installment amount payable. Follow the steps given below:

1. Enter the desired loan amount.
2. Enter the interest rate.
3. Enter the loan tenure (years and months).
4. The graph appearing on the right side will display your EMI.

Yes Bank Fees and Charges for Personal Loan

The fees and charges which are applicable to Yes bank Personal Loan are as follows:

1. Foreclosure charges: Foreclosure of a personal loan is allowed only after the repayment of first 12 EMIs. Foreclosure fee is charged at 2% to 4% of the outstanding principal amount after that.
2. Part prepayment charges: 2% of the amount paid towards part payment + applicable taxes (part payment allowed only after the repayment of first 12 EMIs)
3. Loan cancellation charges: Rs.1,000 + applicable taxes
4. Late payment charges: 24% p.a. on the outstanding amount from the default date.
5. Stamp duty: As per the laws applicable in the state
6. Cheque bounce charges: Rs.750 for each bounced cheque + applicable taxes

A good credit score can help you secure lower interest rates on loans and credit cards.

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