YES Bank Loan on Credit Card

The types of loans customers can avail on their YES Bank credit cards are as follows: 

• Express Loan: This is a pre-approved loan provided over and above your existing credit limit. This loan is available at flexible tenures of 6 to 48 months at an attractive interest rate ranging between 13% to 30%. For repayment of this loan, you get a separate monthly bill statement. The billing date and payment due date will be the same as your YES Bank Credit Card.
• Quick Loan: This is a pre-approved loan designed to meet your immediate financial needs. You are not required to submit any documentation to avail yourself of this loan. These loans are available at an interest rate ranging between 13% to 30%. The loan amount is transferred directly to any bank Savings account via NEFT within minutes.
• Instant EMI: While this facility is primarily a conversion facility, it also serves as a loan for specific products. This feature allows you to convert high-value retail purchases (above Rs. 1,500) into manageable EMIs. The tenure of instant EMI usually ranges from three months to 24 months.

How to Apply for YES Bank Loan on Credit Cards?

Only select cardholders can apply for these loans based on YES Bank internal policy guidelines. Cardholders can apply for the loan through various methods given below:

Through digital portal:

• You can submit an application can be through iris by YES Bank (Mobile App)

Through phone banking:

For YES First/Marquee/ Reserve/ Elite Credit cardholders:

• 1800 103 6000 (Toll-free for mobile and landlines in India)
• +91 80 6871 0002 (when calling from outside India)

For YES Prosperity & other credit cards:

• 1800 103 1212 Toll-free for mobile and landlines in India)
• +91 80 6871 0002 (when calling from outside India)

Do note that a non-refundable processing fee of up to 2% of the loan amount is charged by the bank. GST is also applicable to the charged processing fee.

Transfer of Loan Amount

YES Bank disburses the loan amount after the loan approval:

• For customers having YES Bank Savings Account, the loan amount will be transferred directly on their account
• For customers with Non-YES Bank Savings Account, the loan amount will be transferred through NEFT (National Electronic Funds Transfer) on the other bank savings account
• Customers must share a scanned copy of the cancelled cheque or bank statement of the account in which they require the disbursement of the loan amount for bank details like Account number, IFSC code, etc.

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