YES Bank Personal Loan


Now you can grab a personal loan from Yes Bank with super-low interest rates kicking off at a 11% p.a. Apply conveniently online via Buddy Loan and secure a loan of up to Rs. 20 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!

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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 10.99% - 20% p.a.
Loan Amount 1- 40 lakhs
Tenure Up to 72 months (6 Years)
Minimum Salary ₹25,000
Lenders 15+ Lending Partners

Table of Contents: Dhani Personal Loan

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 10.99% 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 10.99% p.a. Onwards
Procesing Fee Up to 2% On Loan Amount
Stamp Duty and other statutory charges As per applicable laws of the state

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.

Make informed financial decisions and effectively manage your budget with the YES Bank Personal Loan EMI calculator.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

YES Bank Personal Loan Eligibility Criteria

There are a number of eligibility factors that play a crucial role in determining whether a particular individual may qualify for a YES Bank Personal Loan. This will improve your chances of loan approval and ensure a smooth application and approval process for your loan. Eligibility factors for YES Bank Personal Loan are as below:

  • Age
  • Monthly Income
  • Credit Score
  • Time spent living at current residence (rented, owned, or mortgaged)
  • Employer history; years at current job
  • Employer details
  • Other recurring monthly expenses, including current EMIs
NOTE: Please note that YES Bank does not provide specific eligibility criteria for personal loan applicants. However, they require applicants to provide information related to the factors mentioned above. The lender will then evaluate the personal loan eligibility based on this information, along with considering the credit score of the applicants, which is a common practice among most lenders.

Documents Required For YES Bank Personal Loan

Check out the documents required to apply for YES Bank Personal Loan.

General Document Requirements

  • Identity Proof/Signature Proof
  • Address Proof (Office/Residence)
  • Age Proof

For 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

For 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

For 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

For 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.

Comparison of YES Bank Personal Loan Vs Other Providers

Here’s a comparison of YES Bank vs. other Bank’s 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 10.99% - 20% p.a Up to 2%
Axis Bank 12% - 21% p.a Up to 3%
Induslnd Bank 10.49% - 26.5% p.a 3% onwards
Home Credit Cash Loan 24% - 49.5% p.a 0% - 5%

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. Yes 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:

  • Exotic Travel Plans: Fulfill your dream of exploring exotic 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 ensures a quick and hassle-free loan process, with the possibility of getting a loan in seconds. By using the Yes Bank loan details as is provided, you can easily check the status of your personal loan application.

Here are some of the best features offered by YES Bank for your reference.

Doorstep Banking

Hassle-free doorstep
banking services with
interest rates at 10.49%.

Efficient Services

Netbanking and access
to mobile banking
service 24/7.

Quick Disbursal

Once sanctioned, within a
matter of hours loan amount
will be disbursed. Avail up to
50 lakhs

1-Mintue
Approval

Check your
eligibility in just
60 seconds

Pre-Payment Option

Post Payment of 12 EMI you
can pre-pay the amount.
Loan tenure up to 72 months

Loan Transfer

You can now choose to
transfer loans from other
banks

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 which would incur.

Steps To Apply For YES Bank Personal Loan with Buddy Loan

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download the Buddy Loan app (Android or iOS).
  • Step 2: Proceed to the personal loan application page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option.
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) 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.

Ready to take the next step? Apply for a personal loan now!

Frequently Asked Questions

To get a personal loan from YES Bank, you can install Buddy Loan app to compare different types of loans from different banks, choose the bank/NBFC of your choice, and conveniently apply through Buddy Loan.

If you are an Indian citizen between the ages of 21 and 60, you can apply for a loan. Also, make sure you’re employed to be eligible to pay back the EMI for the loans.

You can avail amounts from ₹1,00,000 up to ₹ 40,00,000 through a personal loan from YES Bank.

The interest rates for YES Bank starts from 10.99% - 20%.

You can choose a repayment tenure of up to 72 months.

It takes a few minutes to get your loan approved by YES Bank. Post sanctioning, you will get the loan amount within a few hours into your account.

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