Yes Bank Personal Loan

Personal Loan Rates EMI 2017 137 views

About Yes Bank Personal Loan

Known as one of the largest private sector banks of India, Yes Bank with its wide range of services and products is catering the needs of all. This reputed bank with its corporate, e-banking and various other financial services is fulfilling the varied requirements of many people. When it comes to satisfying the needs, this renowned bank with its best of personal loans is doing every possible bit for that.

Yes, through its quick, easy and reliable personal loans, you can easily fulfill all your personal requirements instantly. Moreover, whenever you are in need of extra funds, and looking for an easy solution, Yes Bank is ideal for you. So, for your reference, here is a list of personal loan details offered by Yes Bank.

Yes Bank Personal Loan Interest Rates

ParticularsDetails
Interest Rates

14.00%

Loan Amount₹2 lakh -₹20 lakh
Repayment60 months
Processing Fee1.5% of the loan amount
Prepayment Charges0.04
Minimum Monthly Income₹25,000

Eligibility Criteria for Yes Bank Personal Loan

To avail the personal loan in Yes Bank, you need to fit into the below eligibility criteria.

  • Applicant to be between 25 and 58 years
  • Minimum net salary per month of ₹25,000
  • Minimum 2 years of stay at current residence or at permanent address
  • Minimum total work experience of 2 years with at least 6 months in current organization

Documentation Required 

Next, thing on which you need to pay attention is the documentation required to get the personal loan in this bank.

  • Identity Proof
  • Age Proof
  • Address Proof
  • Signature Proof
  • Salary slips of the last 3 months
  • IT Returns for the last 2 years
  • Bank Statement of salary account for the last 6 months

Yes Bank Personal Loan EMI Calculator

Know the exact calculations of your EMIs with the help of an EMI Calculator. Yes, this smart,time-saving and effective tool allows you to know the exact amount of your monthly installments that you need to pay to your lender each month. To have a better understanding of the same,let’s take a look at the example below.

Suppose Ragini Gupta is looking for a personal loan of ₹2 Lakh for a tenure of 5 years. Yes Bank is raedy to offer her the same loan amount at an interest rate of 14% per annum, what would be the EMIs, interest outgo and total amount payable of the same? Let’s find out the same in the table below.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount

Features and Benefits 

  • Attractive interest rates

  • No Guarantor/ surety required

  • Flexible repayment options

  • No collateral required

  • Loans available for various needs

  • Simple documentation

  • Quick processing & Disbursal

  • Enjoy the convenience of doorstep service

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