YES Bank Personal Loan

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.

Personal Loan

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    Yes Bank Personal Loan Interest Rates

    ParticularsDetails
    Interest RatesStarting at 10.75%
    Loan Amount₹2 lakh -₹20 lakh
    Repayment60 months
    Processing FeeUp to 2.50% of the loan amount subject to a minimum of ₹
    999/- plus taxes
    Foreclosure ChargesNIL-4% of the principal outstanding
    Pre Partpayment Charges1% on part payment amount paid
    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 AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 2,00,00014%1₹ 17,957₹ 15,489₹ 2,15,489
    ₹ 2,00,00014%2₹ 9603₹ 30,462₹ 2,30,462
    ₹ 2,00,00014%3₹ 6836₹ 46,079₹ 2,46,079
    ₹ 2,00,00014%4₹ 5465₹ 62,334₹ 2,62,334
    ₹ 2,00,00014%5₹ 4654₹ 79,219₹ 2,79,219

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

    YearPrincipalInterestBalance Amount
    1₹ 29,701₹ 26,142₹ 1,70,298
    2₹ 34,137₹ 21,706₹ 1,36,160
    3₹ 39,235₹ 16,608₹ 96,925
    4₹ 45,095₹ 10,749₹ 51,829
    5₹ 51,883₹ 4014₹ 0

    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

    Yes Bank Personal Loan Status Check Online

    It is absolutely easy for you to check your Yes Bank status online. Open the website and login with your credentials and soon after that enter your loan application number. The moment you enter the number online and click on the track my status button, you would be able to see your status in a few seconds. This online facility helps you to check your status anytime. Whether its approved, pending or rejected, you can get to know each and every detail without any hassle.

     

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    EMI Calculator