YES Bank Personal Loan

YES Bank Personal Loan is a quick, and seamless way to fulfill your dream of going to your favorite holiday destination, planning a destination wedding, or renovating your house. The Loan also comes in handy to pay your medical bills, make big purchases, etc.

Personal Loan not only helps you to fulfill your dreams, but it also helps your financial need at the time of critical situation where no one is there to help or support you.

Why go for YES Bank Personal Loan?

The loan amount depends upon the repayment capacity of the applicant. A personal loan is an unsecured loan – it means you don’t have to put any security, collateral, or asset to avail such loan. It helps solve various financial problems. Nowadays, paperless personal loans are available that helps in reducing many formalities and paperwork. The interest rate on personal loans is quite low as compared to other loans like Home loans or Education Loans. A personal loan is available within 72 hours if an applicant fulfills eligibility criteria.

Eligibility for YES Bank Personal Loan

Salaried

Profession: The person should be working in a government, private or MNC Company.

Eligible Age: The Minimum age to apply for a Personal Loan is 21 years, and the maximum is 60 years.

Minimum income: The person should be getting a minimum of 20,000p.m. Salary.

Work Experience: The applicant should have at least three years of working experience, and more than three months of experience in the current company.

CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.

Self-Employed

Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.

Eligible Age: The minimum age to apply for a personal loan is 23 years, and the maximum is 65 years.

Minimum income:  The minimum revenue from business or the profession should be not less than 25,000p.m.

Work Experience: The person should have at least three years of his professional experience.

CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.

YES Bank Personal Loan Interest rate

The interest rate may vary from 10.99% to 20.00% per annum. The rate of interest offered by YES Bank is as per the prevailing market trends, yet competitive compared to most of the market players. The interest rates are indicative only, and the final rate offered would vary and calculated based on below-mentioned points.

   Profile of Customers

   Tenure of the Loan

   Geography of residence

   Nature of Collateral (If provided)

   Prior/existing relationship with the Bank.

Documents Required

Salaried

Identity Proof: Adhar Card, Passport, Voter ID card or Driving License

Address proof: Ration card, Passport, Rent agreement, electricity/water bill.

Last six months Bank statement & 3 months’ salary slip

Latest form 16

PAN card

Self-Employed

Identity Proof: Adhar Card, Passport, Voter ID card or Driving License

Address proof: Ration card, Passport, rent agreement, electricity/water bill.

Latest six months of Bank statement.

Latest ITR along with computation of income along with P/L audited by certified CA for the previous two years.

Tenure

Tenure is the time period for which you get the loan; here it is for one to five years.

About YES Bank

Yes Bank is the fourth largest private sector bank. It is committed to providing banking as well as financial solutions to its customers. It is the excellent effort of the founder Rana Kapoor and his competitive and quality centric team. Yes Bank has steadily built a Corporate, Retail, and SME franchise. Yes, Bank provides complete banking experience through branch banking network consisting of 1000 branches. It supports growth and development of sectors like-Agribusiness, Telecommunication, technology, media and entertainment, manufacturing, and textiles, among others.

Brand Pillars

These brand pillars are as follows:

Growth– It is the core pillar of Yes bank to facilitate growth and development of its internal and external stakeholders.

Trust– Trust is also one of the core pillars of Yes Bank. Saying yes to trust is the crucial brand pillar.

Human Capital– Yes Bank’s human capital comprise of the top quality human capital representing the talent of both India and abroad.

How to apply for Yes Bank Personal Loan?

Visit lendingwale.com and fill all your required details like Name, age, income, etc.

Our relationship manager will contact you as soon as possible and help you get your loan approved.

FAQs

Why should I take a personal loan from YES Bank?

YES Bank provides a Personal Loan at a shallow interest rate with the low EMI options. Furthermore, the bank processes the Loan very fast and without any hassle.

What interest is charged by YES Bank on a personal loan?

Personal loan interest rates generally start from 10.99%. However, it changes from time. Besides that, it also depends on the profile of the applicant.

What is the tenure of Personal Loan?

The loan tenure of the Personal Loan is One year to Five years.

How much Personal Loan amount I can borrow from YES Bank?

The applicant can get a loan amount of Rs. One Lakh to a maximum amount of Rs. 40 Lakhs, depending on the professional background.

How much does the YES Bank charge a processing fee on a personal loan?

The processing fee charged is about 0.99% to 2%.

Is age an eligibility factor in getting a personal loan?

Yes, age is a factor to apply for a personal loan. The minimum age of the applicant should be 21 years, and it can be maximum 60years.

Are there any prepayment charges on a personal loan from YES Bank?

Yes, the pre-closure charges are 4% after the submission of 12 EMIs.

How can I get a personal loan with low CIBIL score?

You cannot get a personal loan with low CIBIL score; however, you can go for a gold loan.

How to check YES Bank Personal Loan EMI?

You can check your monthly EMI by our EMI calculator.