Multiple banks. Different interest rates. Call it a "conflict of interest".
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    YES BANK Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14% Fixed
    Up to 2% One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    About YES BANK Personal Loan

    Personal loans provided by YES BANK will help customers fulfill their personal financial requirements such as a holiday abroad or home renovation among others. YES BANK offers personal loan amounts ranging from Rs. 2 lakh to Rs. 20 lakh at competitive interest rates. Some of the other important aspects of personal loan offered by YES BANK include flexible repayment options and no requirement of collaterals.

    YES BANK Personal Loan Eligibility

    The eligibility criteria for salaried persons is as follows:

    • For salaried individuals
    • Minimum Age: 25 years

      Maximum Age: 58 years

      Minimum Net Income (monthly): Rs. 25,000

      Maximum Loan Amount Offered: Rs. 20 lakh

      Residence: 2 years at current residence

      Minimum Experience: Customers should at least have 2 years of experience with six months in the current organization

    Factors Affecting Eligibility Of YES BANK Personal Loans

    • Age: Banks are more likely to provide personal loans to individuals who have several productive years before them. The age profile of customers is one of the important factors considered prior to approval of personal loans. Age plays a key role in determining not only the tenure of the loan but also the loan amount.
    • Financial strength: Banks must ascertain the ability of customer to repay the loan. YES BANK has set a minimum monthly net salary as one of the eligibility criteria to ensure that customers have a robust base. Also, bonuses and incentives offered to customers in their organization can also give them greater leverage to negotiate an increase in their loan amount.
    • Educational qualifications: A highly educated person with degrees from premier institutes stands a better chance of working for MNCs and high net worth companies in addition to boosting the longevity of his or her career. A well-educated person will also enjoy better career prospects in terms of promotions and growth. Consequently, banks will, in most cases, not worry about the customer’s ability to repay the loan.
    • Type of industry: Customers from reputed companies with a clear corporate structure are also likely to get personal loans from YES BANK. Typically, customers hailing from unconventional professions are likely to find it difficult to acquire personal loans. However, self-employed doctors, architects, chartered accountants and lawyers among others will get personal loan without any hassles.
    • Income: YES BANK may not provide you a loan if you have been a job hopper. Banks are wary of customers who change their jobs frequently and do not strive to cement their position in one company. Job hopping customers are typically considered to be vulnerable to layoffs by their company. Also, lack of longevity will have an adverse impact on promotions and increments. Customers who have been with a company for a longer period of time are more likely to get personal loans.
    • Rapport: Many customers tend to be loyal to one bank or another over a period of time. Loyalty to a bank translates into a special rapport with a bank which may result in attractive interest rates on personal loans for the benefit of customers. More often than not, old and trusted customers can avail of personal loans without any hassles.

    How CIBIL score affects your YES BANK Personal Loan Eligibility?

    • Credit Score: One of the most important factors which affect a customer’s loan eligibility- credit score gives banks an accurate data of the repayment habits and history of credit behaviour of the loan applicant.A bad credit can effectively mar the chances of availing a personal loan by YES BANK. Alternatively, a very good Cibil score can boost the chances of acquiring a personal loan.
    • Repayments: Customers have to ensure that they pay their EMIs on time. If customers have more than one loan, they will find it difficult to repay loan instalments on schedule. Payment of bills regularly without fail is, therefore, of seminal importance since it has a bearing on cibil score.
    • Existing loans: Loan eligibility of a customer will take a beating if he or she has taken several loans at a given point of time. CIBIL report will reflect the credit behaviour of the loan applicant. If a customer is too credit hungry, his or her CIBIL report will reflect his lack of fiscal prudence. Consequently, most banks will not entertain customers who are not aware of the perils of excessive credit which may lead to a debt trap and defaults.

    How to increase YES BANK Personal Loan Eligibility?

    • Clean Record: Customers have to ensure that they have a clean repayment history. CIBIL score is adversely affected if a customer defaults or makes late payments. Banks will take serious note of any defaults by the customer in the recent past.
    • Creditworthiness: Timely payment is an important determinant of the creditworthiness of a customer. CIBIL score of 750 and above shows creditworthiness of a customer. In most cases, banks easily approve loans for customers who have a CIBIL score of over 700. Customers should ensure that they have a robust track record in terms of repayments to increase their < a href="">eligibility to avail of personal loans.
    • Loan tenure: According to experts, increase in tenure will result in reduction of EMIs, effectively increasing an individual’s ability to pay. The tenure of a loan, therefore, has a bearing on the loan eligibility of an individual.

    FAQs on YES BANK Personal Loan Eligibility

    • What is the age criteria set by YES BANK for salaried persons?

      The minimum age for salaried persons is 25 years, while the maximum is 58 years.

    • Does YES BANK demand any guarantors to provide personal loans?

      No. YES BANK does not demand any guarantors to provide personal loans.

    • What is the maximum loan amount that YES BANK offer to customers?

      YES BANK offers customers personal loans for up to Rs. 20 lakh.


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