Yes Bank Personal Loan

Yes Bank offers personal loans with interest rates starting from 10.85% per year and flexible repayment options of up to 60 months. These loans come with useful features and benefits that make borrowing simple and convenient.

Yes Bank
Balance Transfer
100% Paperless Approval
✖
Loan Amount
Up to ₹40L
Interest Rate
10.85% - 21%
Tenure
5 Years
Processing Fee
2.50%
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Fees & Eligibility
Fees & Charges
  • You can apply without providing any collateral or security.
  • The online application process is quick, simple, and hassle free.
  • Get an instant in-principle approval within around one minute.
  • Loan approval is fast, followed by speedy fund disbursal.
  • Repayment tenure can be chosen flexibly from 12 to 60 months as per your convenience.
  • Eligibility can be checked easily through an online system.
  • Additional facilities include loan balance transfer, doorstep assistance, mobile banking access, and part prepayment options.
Eligibility Criteria
  • Salaried applicants must be at least 21 years old and not more than 60 years of age.
Documents
  • You need basic KYC documents like your PAN card along with address and ID proof. You also have to submit income proof, recent bank statements, and a photograph.
Features
What you'll love
  • Offers a pre-closure option.
Loan Benefits
- You do not need to provide any security or collateral to apply.
- Get instant in-principle approval in about 60 seconds.
- Fast loan approval with quick disbursal of funds.
- Check your eligibility easily through an online process.
- Apply for the loan online with a simple and smooth application flow.
- Flexible repayment options ranging from 12 to 60 months based on your comfort.
- Enjoy added benefits like loan balance transfer, doorstep services, mobile banking, and part prepayment facilities.
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
- Proof of income, such as your bank statements from the past 3 months.
Fees and Charges for this Personal Loan
  • Late Payment Fee: If you miss an EMI, interest of 24% per year is charged on the overdue amount from the due date.
  • Cheque Return Fee: A charge of Rs. 750 is applied for every cheque bounce, along with applicable taxes.
  • Part Payment Cost: You can make partial repayments only after completing 12 EMIs. A fee of 2% on the part-payment amount plus taxes is charged.
  • Early Loan Closure Fee: After paying 12 EMIs, you can close the loan early by paying a charge between 2% and 4% of the outstanding loan amount.
  • Loan Cancellation Fee: Canceling the loan attracts a fee of Rs. 1,000 plus applicable taxes.
  • Stamp Duty Charges: Stamp duty is charged according to the rules set by your respective state.

How can you apply for a personal loan from Yes Bank?

  • First, review your financial needs and choose how much loan amount and repayment period suits you best.
  • You can apply online by opening the Yes Bank Personal Loan page and filling in the application form with basic details like your name, contact information, PAN, date of birth, and income.
  • After submitting the form, upload the required documents for verification. Once approved, the loan amount will be credited directly to your bank account.
  • If you prefer offline support, you can also visit a nearby YES Bank branch with the necessary documents and complete the application with help from a bank executive.

Eligibility for Yes Bank Personal Loan

  • Lenders review your past borrowing record, existing loans, and regular expenses before approving the loan.
  • Your job stability and the credibility of your employer are taken into account.
  • A strong credit score improves approval chances, and a score of 700 or above is usually preferred.
  • Your monthly earnings play an important role in deciding eligibility.
  • Applicants usually need to be between 21 and 60 years old.
Frequently Asked Questions

How to check YES BANK personal loan status?

You can know your loan status anytime by contacting YES BANK. If you applied through RatingOK, simply log in to your RatingOK account.

How long does YES BANK take to process a personal loan?

After submitting all required documents, YES BANK usually processes the personal loan within 5 working days.

Where to get the YES BANK personal loan application form?

You can collect the application form from a YES BANK branch or download and print it from the official YES BANK website.

How to get the YES BANK personal loan repayment schedule

You can request the repayment schedule from the bank whenever needed. Each copy of the repayment schedule is charged at Rs. 750.