Now you can grab a personal loan from Yes Bank with super-low interest rates, kicking off at a 10.85% p.a. Apply conveniently online via Buddy Loan and secure a loan of up to ₹50 lakh. You get the flexibility of repaying it over a comfortable tenure of up to 72 months. Get an instant eligibility check for a Yes Bank personal loan now!
YES Bank Personal Loan Details
Now experience hassle-free approval with YES Bank, all from the comfort of your home. Check out the key details of YES Bank personal loan interest rates below:
| Interest Rate | 10.85% onwards |
| Loan Amount | ₹50 lakhs |
| Tenure | Up to 72 months (6 years) |
| Minimum Salary | ₹25,000 |
| Lenders | 15+ Lending Partners |
YES Bank Personal Loan Interest Rates & Charges
Customers who are considered prime borrowers due to their excellent credit scores and strong financial profiles generally qualify for lower interest rates. On the other hand, customers with lower credit scores or higher perceived risk are offered higher interest rates.
However, one can make use of YES Bank’s personal loan interest rates, which start at 10.85% p.a. This ensures that borrowers with different credit profiles can access YES Bank personal loans at competitive interest rates.
| Yes Bank Personal Loan Interest Rate | 10.85% p.a. onwards |
| Processing Fee | Up to 2.50% on Loan Amount |
| Stamp duty and other statutory charges | As per applicable laws of the state |
Comparison of YES Bank Personal Loan vs. Other Providers
Here’s a comparison of YES Bank vs. other banks’ personal loans that you can compare to make informed decisions about the interest rate and the fee included for different banks.
| Loan Lenders | Interest rates (p.a.) | Processing fee |
| YES Bank | 10.85% onwards | Up to 2.5% |
| Axis Bank | 9.99% onwards | Up to 2% |
| Induslnd Bank | 10.49% onwards | Up to 3.5% |
| HDFC Bank | 9.99% onwards | Up to ₹6,500 |
| ICICI Bank | 9.99% onwards | Up to 2% |
| State Bank of India | 10% onwards | Up to 1.5% |
| IDFC First Bank | 9.99% onwards | Up to 3.5% |
| Bajaj Finance | 10% onwards | Up to 4.13% |
YES Bank Personal Loan EMI Calculator
Planning to apply for a YES Bank personal loan? Easily calculate your Equated Monthly Installment (EMI) with the YES Bank Personal Loan EMI calculator. This convenient tool allows you to quickly determine your monthly repayment amount. Simply input the loan amount, interest rate, and tenure, and get an instant estimate of your monthly installment.
Your Amortization Schedule (Yearly/Monthly)
Documents Required for YES Bank Personal Loan
Check out the documents required to apply for a YES Bank personal loan.
General Document Requirements
- Identity Proof/Signature Proof
- Address Proof (Office/Residence)
- Age Proof
Salaried Applicants
- Salary slips for the last 2-3 months
- ITR for the last 2 years / Appointment Letter / Form-16
- Salary Account Statement for 3-6 months
- Details of all existing loans
Private Limited Company
- List of directors and shareholders
- Memorandum and Articles of Association
- Bank account statement (main) for the last 6 months
- ITR / Profit and Loss / Balance Sheet statement for the last 3 years
- Details of all existing loans
Partnership
- ITR / Profit and Loss / Balance Sheet statement for the last 3 years
- Partnership deed
- Bank statement for the last 6 months (main account)
- Details of all existing loans
Proprietorship
- ITR / Profit and Loss / Balance Sheet statement for the last 3 years
- Main account bank statement for the last 6 months
- Details of all existing loans
These are the common documents required to apply for a personal loan with YES Bank. The specific documents may vary based on the applicant’s employment type (salaried, private limited company, partnership, or sole proprietorship). It is important to provide the necessary documentation as per the respective category, along with details of any existing loans.
Multi-Purpose Personal Loan by YES Bank
YES Bank ensures a quick and hassle-free loan process, with the possibility of getting a loan in seconds. The bank ensures a quick and hassle-free loan process, with the possibility of getting a loan in seconds. YES Bank aims to provide a smooth experience when applying for an instant loan. Remember, checking your Yes Bank personal loan status is just a few clicks away.
Here are the ways to utilize a personal loan from YES Bank:
- Travel Plans: Fulfill your dream of exploring various destinations with a personal loan tailored for your travel expenses.
- Wedding: Make your special day even more memorable by availing a personal loan to cover wedding expenses and create the perfect celebration.
- Medical Emergency: Get the financial support you need during a medical crisis with a personal loan that helps cover medical expenses and ensures timely treatment.
- Home Renovation: Give your home a fresh new look or make necessary repairs by utilizing a personal loan designed specifically for home renovation projects
- Education: Invest in your future or that of your loved ones with a personal loan that provides funds for educational expenses, including tuition fees and study materials.
Features of YES Bank Personal Loan
YES Bank Personal Loan offers convenient borrowing options for eligible customers who need funds for personal expenses. Some of its key features include
- Quick loan processing: Eligible borrowers can complete the personal loan process digitally, making it easier to access funds without lengthy paperwork.
- Flexible repayment: Borrowers can repay the loan through EMIs based on the approved loan amount, tenure, and interest rate.
- Part-payment facility: YES Bank allows part-prepayment after the repayment of 12 EMIs, subject to applicable limits and charges.
- Foreclosure option: Borrowers can foreclose the loan after completing 12 EMIs. Foreclosure charges reduce with the repayment period and become nil after 48 months under the current schedule.
- Processing fee up to 2.5%: YES Bank may charge a processing fee of up to 2.5% of the loan amount.
- Loan cancellation option: Borrowers can cancel or rebook the loan within the permitted period after disbursal, subject to applicable charges and conditions.
- Clear repayment records: Customers can request repayment schedules, loan account statements, and no-dues certificates when required.
Repayment options for YES Bank Personal Loan
YES Bank offers multiple repayment options for personal loans:
- EMIs: Borrowers can repay their personal loans through equated monthly installments. The EMI amount is determined based on the loan amount, interest rate, and tenure.
- Standing Instructions: Customers can set up standing instructions to authorize automatic deduction of EMIs from their YES Bank savings account, ensuring timely repayments.
- ECS: Borrowers can opt for the Electronic Clearing Service, allowing YES Bank to collect EMIs directly from their non-YES Bank accounts.
- Post-Dated Cheques: YES Bank accepts post-dated cheques as a repayment method. Borrowers provide a series of cheques upfront, marked with the respective EMI dates.
- Online Repayment: YES Bank likely provides online platforms or mobile banking apps for convenient loan repayments, allowing customers to pay through net banking, debit cards, or other electronic payment methods.
Specific details may vary based on loan terms, conditions, and YES Bank’s policies. Borrowers should refer to their loan agreement or consult the bank for more information on available repayment options. Also go through the Yes Bank Repayment and late fee charges list to be well informed of the charges that would incur.
YES Bank Personal Loan with Buddy Loan
Here are the steps to apply for a personal loan with Buddy Loan:
- Step 1: Visit buddyloan.com or download & install the Buddy Loan app (Android or iOS)
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount. Next, choose the Personal Loan option
- Step 4: Choose the employment type (salaried or self-employed) and the salary mode (bank or cash).
- Step 5: Enter your work details (including company name, years of service, and designation)
- Step 6: Enter your personal details (including full name, PAN, address, DOB & gender)
- Step 7: Provide your communication address and income details, and click the ‘Submit’ button.
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