Yes Bank Personal Loan. YES Bank Personal Loan :- Welcome to today’s article about this new loan, hope it will be good for your health and wellness. Do you also need a loan, then you have come to a good article. Today I will share all the information about Yes Bank Personal Loan with you.
The need for loans is inevitable, in which a person uses the loan for his dreams and hobbies, in which a person takes a personal loan and uses it for many purposes, such as fulfilling his grief, for marriage, for travel, etc. We know that you also have such a need.
You must also have questions in your mind like how to get a Yes Bank personal loan ? How much loan will I get, what documents are required? What form should I fill? Can I get a loan from home or not from my phone? We are going to find the answers to these questions further.
Do you really want to take a Yes Bank personal loan ? If yes, then please read this article till the end and apply for the loan only after getting all the information.
So, without taking up much of your time today, let’s get the necessary information about YES Bank Personal Loan .
YES Bank Personal Loan
Many people apply for personal loans from different banks but there are many reasons due to which many people are not able to get the loan. And the biggest reason is that a person completes the application process without checking his eligibility and without knowing the complete information.
YES Bank Personal Loan
| Subject | Detail |
|---|---|
| Interest rate (annual) | 10.25% to 16.99% |
| Loan term | 12 to 60 months |
| Prepayment/Foreclosure Charges | 2% to 4% on the balance (depending on the loan term) |
| Age limit for eligibility | From 21 years to 60 years |
| Minimum monthly income | ₹25,000 per month |
| Loan approval period | 24-48 hours (with complete documentation) |
| Is a guarantee necessary or not? | No (unsecured loan) |
Note: All terms and rates are subject to change as per bank norms. Please check the latest before applying for a loan.
Yes Bank Personal Loan
Most people take personal loans to fulfill their personal needs , you can also take the same. Yes Bank offers personal loans up to a maximum of Rs. 40 lakhs. If you apply for a personal loan , the amount of loan you will get will depend on your eligibility. The bank interest rate will also be charged on the loan amount.
The interest rate on personal loans from this bank starts at 10.99 percent per annum. The same processing fee is up to 2.5%. If you apply for a loan from this bank, you will be given a personal loan for a period of 1 year to 5 years.
Yes Bank Personal Loan Eligibility and Qualifications
- To take a personal loan, a person’s age should be between 21 and 60 years.
- The minimum monthly income must be Rs 25,000 per month.
- You must either work in the public sector or have a government job.
- Important documents like proof of identity, proof of income, proof of employment should also be available.
Benefits of Yes Bank Personal Loan
- Fast loan approval: If your documents are complete and correct, the loan application can be approved within 24-48 hours.
- Loan without any collateral: Yes Bank personal loans are completely unsecured. You do not need to mortgage your property for this.
- Flexible EMI Plans: You can choose to pay EMI as per your convenience with tenors ranging from 12 to 60 months.
- No hidden charges: All fees and conditions are made clear at the time of the application process.
Documents required for Yes Bank personal loan
| Document name | Use or importance |
|---|---|
| Aadhar card | Proof of identity and address is required. |
| PAN card | Required for identity verification and mandatory for financial transactions. |
| Your last 6 months’ bank statement | Required to verify your financial profile and qualifications. |
| Your last pay slip/payslip | If you are a salaried employee, proof of income is required. |
| Income Tax Return (ITR) | Especially for traders or the self-employed, it is necessary to provide proof of their income. |
| Photograph (passport size) | To complete the loan application process. |
| Vyasapitra or residential certificate | Required document for fixed address, such as electricity bill or ration card. |
| Loan form | The application form provided by the bank must be completely filled. |
All the documents given above are necessary, so prepare them before applying for a loan and only then apply for the loan.
How to get a Yes Bank personal loan??
To take a personal loan, you have to apply in two ways, one is by going to your nearest Yes Bank and getting the information there in person and filling the application form. And the other is that if you prefer the online process, then you can apply for the loan by following the steps given below.
Step 1:- Online Application
To take a personal loan from Yes Bank, first of all, keep your documents with you and open the official website of Yes Bank.
Step 2:- Select loan option
After going to the official website, you will see a loan option, click on it and select personal loan.
Step 3:- Fill the form and information.
Now when the application form opens, you will be asked for the required information, then you have to enter it and select the required information.
Step 4:- Upload the document.
After completing all the necessary steps and the next task, you will need to upload all your documents to the main website.
Step 5:- Submit application
After doing this, you have to submit the final Yes Bank application form, once you do this, your application will be complete.
Step 6:- Loan approval
Now finally when you submit your loan application, your application will be verified, if you are eligible for a personal loan then your loan will be approved and the loan amount will be deposited in your account.
So, we have finally applied for a loan by following the steps given above, if you are not able to go online then contact the bank nearest to you and then apply for a loan.
Important link for personal loan
| For direct loans | Apply here |
| Bank’s main website | Visit |
| For more information | Visit |
How to calculate EMI? (EMI calculation)
The EMI calculator is available on the official website of Yes Bank. You just need to enter the following information:
- Loan amount (between ₹1,00,000 to ₹40,00,000).
- Interest rate (10.25% – 16.99% per annum).
- Loan term (12-60 months).
Example:
If you took a loan of ₹5,00,000 at 12% interest rate for 3 years (36 months), your EMI will be:
- ₹16,607 per month
Yes Bank Personal Loan Interest Rates and Charges
| Fee type | Amount/Rate |
|---|---|
| Interest rate | 10.25% – 16.99% per annum |
| Processing fee | 2% – 2.5% of the loan amount (GST extra) |
| Late payment fee | 2% extra on monthly EMI |
| Prepayment/Foreclosure Charges | 2% – 4% (on balance) depending on the loan term. |
| Check bounce fee | ₹500 per bounced cheque |
Thus, we have learned about all its costs and its process with the help of the table above, however, this personal loan is not available to all people, you are given the personal loan amount based on your qualifications.
Conclusion
After getting all the information about personal loan, I think you are also going to fill the form for this Yes Bank personal loan . I hope you have enjoyed the personal loan I have given, and this Yes Bank personal loan has also helped you in getting it. If you have a Yes Bank account, then this personal loan is a good option for you. If you are getting a loan, then you can apply for this.