Yes Bank Personal Loan

Yes Bank personal loan interest rates start at 11.25% per year, with repayment terms up to 60 months. Explore the features and benefits of personal loans offered by Yes Bank.

Yes Bank
Balance Transfer
100% Paperless Approval
✖
Loan Amount
Up to ₹40L
Interest Rate
10.99% - 20.00%
Tenure
5 Years
Processing Fee
2.50%
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Fees & Eligibility
Fees & Charges
  • Preclosure fee for 13-24 months of EMI repayment: 4% of the remaining principal.
  • Preclosure fee for 25-36 months of EMI repayment: 3% of the remaining principal.
  • Preclosure fee for 37-48 months of EMI repayment: 2%.
  • No preclosure fee for EMI repayment above 48 months.
  • Part-payment fee: 2% plus applicable taxes on the part-payment amount.
Eligibility Criteria
  • Age limit for salaried - 25 years to 53 years
Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and a photograph
Features
What you'll love
  • Offers a pre-closure option.
Loan Benefits
- No collateral needed.
- In-principle approval within 60 seconds.
- Quick loan approval and disbursal.
- Simple online eligibility check.
- Easy online application process.
- Flexible repayment options from 12 to 60 months.
- Loan transfer facility, doorstep banking, mobile banking, and part prepayment options available.
Proof of identity
- A proof of identity, such as a passport, Aadhaar card, driving license, or election commission card.
Proof of address
- A proof of address, such as any valid ID with a permanent address, at least one year old.
Other documents
- Income proof, like the last 3 months' bank statements.
Fees and Charges for this Personal Loan
  • Foreclosure Charges: You can foreclose the loan after paying the first 12 EMIs. The fee for foreclosure is 2% to 4% of the remaining principal amount.
  • Part Prepayment Charges: 2% of the part-payment amount plus applicable taxes. Part prepayment is allowed only after the first 12 EMIs.
  • Loan Cancellation Charges: Rs. 1,000 plus applicable taxes.
  • Late Payment Charges: 24% per year on the overdue amount from the due date.
  • Stamp Duty: As per the laws of your state.
  • Cheque Bounce Charges: Rs. 750 for each bounced cheque plus applicable taxes.

How to Apply for a Personal Loan from Yes Bank

  • Click on the link: Yes Bank Personal Loan.
  • Before applying, assess your needs and decide the loan amount you require.
  • Once you decide on the loan amount and tenure, fill out the application form on the page. You'll need to provide details such as your name, email ID, mobile number, date of birth, PAN Card number, annual income, etc., then click 'Submit'.
  • Submit the necessary documents. The bank will verify your application and documents. Once verified, the loan amount will be disbursed to your bank account.
  • Alternatively, you can visit the nearest YES Bank branch with all required documents and apply for a personal loan. A bank representative will assist you with the process.

Eligibility for Yes Bank Personal Loan

  • The applicant's age should be between 21 and 60 years.
  • The applicant should have a good credit score. A credit score of 700 or more increases the chances of loan approval.
  • The applicant's monthly income is considered during the loan application process.
  • The reputation of the applicant's employer and their employment history will be checked.
  • The applicant's credit history, other active loans, and monthly expenses are also considered before approving the loan.