YES Bank Personal Loan

Highlights

  • Apply for yes bank personal loan at an attractive interest rate of Starting at 10.99%

  • The loan comes with simple documentation and flexible tenure options

Looking for a personal loan that comes to you at an attractive interest rate? Maybe YES Bank Personal Loan is the right option for you! This credit facility comes to you with plenty of attractive features. The bank offers this facility so that your varied needs can easily be fulfilled. Know more about the personal loan details below:

Personal Loan

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    Yes Bank Personal Loan Interest Rates

    ParticularsDetails
    Interest RatesStarting at 10.99%
    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 must be between 25 and 58 years
    • Minimum net monthly salary should be ₹25,000
    • Minimum 2 years of stay at a current residence or at a permanent address
    • Minimum total work experience of 2 years with at least 6 months in the current organization

    Yes Bank Personal Loan Documents Required 

    Next, you must know the documents you need to submit to get a personal loan. 

    • Identity Proof
    • Age Proof
    • Address Proof
    • Signature Proof
    • Salary slips of the last 3 months
    • IT Returns for the last 2 years
    • 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 ready 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 on the same? Let’s find out  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 Application 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 it’s approved, pending or rejected, you can get to know each and every detail without any hassle.

    Yes Bank Personal Loan Customer Care Number

    In case you have any query, complaint or want to give any sort of suggestion or feedback, you can anytime get in touch with the customer care executives of the bank. All you need to do is just dial 1800 103 1212 either from your mobile or landline. These professionals are always there to help you and ensure the best services at all times. 

    Yes Bank Personal Loan Preclosure Charges

    Are you someone who wants to pre-close his/her personal loan? If Yes, then you must know the charges applicable to it. Every time you choose to close the loan, be ready to pay the charges to the lender. Yes Bank charges up to 4% of the principal outstanding+GST at the time of closing the loan. With the help of this prepayment facility, you can actually end up repaying your loan before the original tenure, saving you from excessive interest payment.

    About Yes Bank Personal Loan

    Known as one of the largest private sector banks of India, Yes Bank caters to the needs of all with its exclusive line of products and services. 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! 

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  • Personal Loan Interest Rates January 2020
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%