YES Bank Personal Loan Interest Rates start from 11.25% p.a., offering competitive options for salaried and self-employed individuals for loan amounts up to ₹50 Lakhs. You can check your personal loan eligibility immediately with YES Bank within a minute.
Read more to learn about YES Bank’s personal loan interest rates, fees, EMI calculations, and how they compare across lenders, helping you make informed borrowing decisions.
| YES Bank personal loan interest rates start at 11.25% for loans up to ₹50 Lakhs. The age bracket for personal loan applicants is between 21 and 60, and the tenure can be up to 6 years. |
YES Bank Personal Loans Interest Rates
YES Bank offers personal loans which are personalised to different borrower profiles, including salaried professionals and self-employed individuals. Interest rates vary based on credit score, income stability, employer category and relationship with the bank.
| Interest Rate | 11.25% – 21% p.a. |
| Processing Fees | Up to 2.5% of the loan |
| Stamp Duty and Other Statutory Charges | As per applicable state laws |
YES Bank Personal Loan Fees & Charges
YES Bank offers competitive fees and charges based on leading industry standards and RBI rates. Below is a breakdown of all charges or fees for personal loans at YES Bank.
| Fees/Charges | Amount and Conditions |
|---|---|
| Processing Fees | Up to 2.50% of the loan amount + GST |
| Stamp Duty & other Statutory Charges | Nil or as per the loan criteria |
| Late Payment Penalty | As per bank norms |
| Repayment Mode Swap Charges | Rs 750/- per transaction |
| Loan cancellation/Re-booking Charges |
|
| Repayment/Amortisation Schedule Charges | Rs. 750/- per schedule |
| Statement of Account/Loan Account Statement Charges | Rs. 750/- per Statement |
| Foreclosure Charges |
|
Note: POS in months is the number of months already elapsed from the date of disbursement of the original loan.
YES Bank Personal Loan Details
YES Bank personal loans are one of the best in the industry, offering ease of access and flexibility alike to its customers. Here is a quick follow-through on the personal loan.
| Feature | Details |
|---|---|
| Loan Amount | Up to ₹50 Lakhs |
| Tenure | Up to 72 months or 6 years |
| Disbursal Time | Within 24-48 hours (for eligible cases) |
| Prepayment | Allowed after 12 EMIs |
| Interest Type | 11.25% – 21% |
| Minimum Income | ₹25,000/month |
Comparison of Personal Loan Interest Rates
When evaluating personal loans, comparing rates across banks and NBFCs ensures better decision-making. YES Bank positions itself competitively among lenders. Yes Bank personal loans excel in their flexibility and time taken for disbursal, which is within minutes for eligible profiles.
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| YES Bank | 11.25% – 21.00% | Up to 2.5% |
| SBI | 11.15% – 14.30% | Up to 1.5% |
| PNB | 11.10% – 17.55% | Up to 0.50% |
| Union Bank | 10.85% – 14.95% | Up to 0.50% |
| Bank of Baroda | 11.05% – 18.15% | 2.0% |
| Canara Bank | 10.20% – 16.15% | Up to 1.5% |
| Central Bank | 11.50% – 16.00% | Up to 1.0% |
| Indian Bank | 11.90% – 14.50% | 0.75% |
| Bank of India | 11.60% – 16.20% | 1.0% |
| UCO Bank | 11.70% – 16.25% | 1.0% |
| Bajaj Finserv | 11% – 31% | Up to 3.93% |
| Tata Capital | 11.99% – 24% | Up to 2.5% |
| IIFL Finance | 12.75% – 34% | 2% – 4% |
| L&T Finance | 12% – 20% | Up to 2% |
| Aditya Birla Finance | 13% – 28% | Up to 2% |
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YES Bank Personal Loan EMI Calculator
You can use the YES Bank Personal Loan EMI Calculator to calculate the EMI rates and total payables before opting for a loan repayment scheme. By using the personal loan EMI calculator, you can eliminate the risk of unwanted mistakes and get an accurate EMI amount.
Here is a typical interest rate chart for various amounts of loans across different tenures, using the standard YES Bank Personal Loan interest rate for a salaried individual, 11.25%.
EMI for YES Bank Personal Loan
| Loan Amount | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| ₹1 Lakh | ₹8,847 | ₹4,701 | ₹3,312 | ₹2,634 | ₹2,218 |
| ₹2 Lakh | ₹17,694 | ₹9,402 | ₹6,624 | ₹5,268 | ₹4,436 |
| ₹3 Lakh | ₹26,541 | ₹14,103 | ₹9,936 | ₹7,902 | ₹6,654 |
| ₹4 Lakh | ₹35,388 | ₹18,804 | ₹13,248 | ₹10,536 | ₹8,872 |
| ₹5 Lakh | ₹44,235 | ₹23,505 | ₹16,560 | ₹13,170 | ₹11,090 |
| ₹6 Lakh | ₹53,082 | ₹28,206 | ₹19,872 | ₹15,804 | ₹13,308 |
| ₹7 Lakh | ₹61,929 | ₹32,907 | ₹23,184 | ₹18,438 | ₹15,526 |
| ₹8 Lakh | ₹70,776 | ₹37,608 | ₹26,496 | ₹21,072 | ₹17,744 |
| ₹9 Lakh | ₹79,623 | ₹42,309 | ₹29,808 | ₹23,706 | ₹19,962 |
| ₹10 Lakh | ₹88,470 | ₹47,010 | ₹33,120 | ₹26,340 | ₹22,180 |
| ₹15 Lakh | ₹1,32,705 | ₹70,515 | ₹49,680 | ₹39,510 | ₹33,270 |
| ₹20 Lakh | ₹1,76,940 | ₹94,020 | ₹66,240 | ₹52,680 | ₹44,360 |
| ₹25 Lakh | ₹2,21,175 | ₹1,17,525 | ₹82,800 | ₹65,850 | ₹55,450 |
| ₹30 Lakh | ₹2,65,410 | ₹1,41,030 | ₹99,360 | ₹79,020 | ₹66,540 |
| ₹50 Lakh | ₹4,42,350 | ₹2,35,050 | ₹1,65,600 | ₹1,31,700 | ₹1,11,100 |
Note: EMI calculated assuming the reducing balance method. Minor variation can occur depending on the exact disbursal date, bank policies, and daily reducing method used by lenders.
Factors Affecting YES Bank Personal Loan Interest Rate
Even if you are eligible for a personal loan, there are various factors that can affect your YES Bank personal loan interest rate.
- Credit Score: Higher scores get better rates. Improving your scores is a key method of getting better loan options.
- Income Level: Stable and higher income attract lower rates.
- Employer Category: Salaried individuals in reputed firms enjoy preferential rates.
- Loan Amount & Tenure: Larger amounts or longer tenures may influence rates.
- Relationship with the Bank: Salary account holders or previous loan applicants with a good history may receive preferential rates.
Impact of Credit Score on Personal Loan Interest Rates
Your credit score is a three-digit numerical representation in the range of 300 and 900 that represents your creditworthiness: how well you have managed your credit in the past. It is affected by various factors and is an important factor for your eligibility for credit.
Your credit score can
- Lower personal loan interest rates
- Increase eligibility for pre-approved loan offers
- Provide a faster loan approval
In the case of YES Bank, a score of 750 and above is considered the best; however, in many cases, a score of 800 can be more beneficial. Below 750, the YES Bank personal loan interest rates may be higher.
| A credit score above 750 can help secure lower interest rates, while lower scores may push rates towards the higher end of YES Bank’s range. |
Impact of Repo Rate Cut on Personal Loan Interest Rate
The repo rate is the rate at which commercial banks lend money from the RBI. When commercial banks give out loans to the public, they have other rates and charges to consider, such as MCLR, RLLR, etc.
The impact of Repo Rate cut on Yes Bank’s personal loan interest rates is focused on rates set by banks, especially for loans linked to external benchmarks like the RLLR. When the repo rate is reduced, borrowers with floating-rate loans may benefit from a lower interest rate.
However, older loans linked to MCLR (Marginal Cost of Funds Based Lending Rate) may see a delayed impact. Fixed-rate personal loans, on the other hand, remain unaffected by repo rate changes.
|
MCLR: Stands for Marginal Cost of Funds Based Lending Rate. It is the minimum interest rate a bank can offer for a loan, based on its own cost of funds, operational expenses, and regulatory requirements. RLLR: Stands for Repo Linked Lending Rate. It is a lending rate directly linked to the RBI’s repo rate. When the repo rate changes, loans linked to RLLR also adjust quickly, making interest rate movements more transparent and faster for borrowers. |
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