Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 YES BANK Personal Loan Eligibility Calculator
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    14% Fixed
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    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    YES BANK Personal Loan Eligibility Calculator is Rated as "Excellent!" by 54 Users

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    YES BANK Personal Loan Eligibility Calculator

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    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 for Salaried and Self-employed Applicants

    Particulars Salaried Self-employed
    Age (Min-Max) 25 to 58 years 25 to 58 years
    Income Rs.25,000 per month (minimum) -
    Guarantor Not required Not required
    CIBIL Score 750 and above 750 and above
    Minimum Loan Amount Rs.2 lakhs Rs.2 lakhs
    Maximum Loan Amount Rs.20 lakhs Rs.20 lakhs
    Minimum Loan Tenure 1 year 1 year
    Maximum Loan Tenure 5 years 5 years
    Interest Rate 14% 14%
    Processing Fee Up to 2% Up to 2%
    Prepayment Charge After 12 EMIs, 4% of principal outstanding + Service Tax After 12 EMIs, 4% of principal outstanding + Service Tax

    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="https://www.bankbazaar.com/personal-loan-eligibility.html">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.

    Personal Loan Reviews

    • YES Bank Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the Yes bank and the rate of interest is around 13.29%, also the response is very good. The loan amount got disbursed within four days of time and there are not much hassle with them.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 05, 2017
    • YES Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience i had with YES Bank for the Personal loan i availed for . I got a full approval for the amount i asked for from the bank side . The Rate of interest was 10.99% and the processing fee was zero that was really good . The amount got Disbursed within 4 days . The bank did not give me option of pre closure . It was a good service i received from the bank side .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 29, 2017
    • YES Bank Personal Loan
      "Go head with YES loan product"
      0.5 5.0/5 "Blown Away!"
      YES Bank personal process was very quick, within three working days they sanctioned the loan amount, even the interest rate was also reasonable. I availed the loan for Rs. 3 lakhs for the tenure period around 36 months, they do have part payment and foreclosure option.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with YES bank 2 months back. The loan amount was 24 lakhs and the interest rate was 11.5% which was satisfactory . I had a very smooth and hassle free loan process here and they have taken 2 -3 days of time since the loan amount was high . The processing fee was 2000 here. The customer service and responses was up to the mark. My overall experience was good and Its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had received a good service from YES bank for my personal loan service. I got the loan amount of 3.8k interest what they offered is low when compared to others in the market which is 11.99% it was about twelve months I have taken the loan service from YES bank but they wont negotiate with their interest rate it was totally a good experience with YES bank on my personal loan service.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Nov 06, 2017
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The customer support is average with YES bank. Yes bank has disbursed my personal loan amount in 3 weeks time. They took longer than normal time. The rate of interest and the additional charges are high with yes bank. The service is good from YES bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 28, 2017
    • YES Bank Personal Loan
      "Smooth all the way"
      0.5 5.0/5 "Blown Away!"
      I found the procedures in YES bank to be very smooth. All the process for the Personal Loan got over within 7 days, and had my money in the account. This too happened only because the local branch is some 20 km away, otherwise the whole process would have got over within 2-3 days. The Bank executive were the one who came in to house for all the check ups. This felt they were very professional to me.
      Was this review helpful? 0
      , ponda
      Reviewed on Oct 10, 2017
    • YES Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am a employee of YES bank, I directly process with them for the personal loan. They give some benefits for their staff. Interest rate is not much attractive because other banks is offering less interest than YES Bank. But I am fine with their service.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 05, 2017
    • YES Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I took this personal loan from the YES BANK in the year 2007 . The amount was of rupees 50,000 . It was for four years the loan period , and the rate of interest was 11% the processing fee was there I don't remember how much . The customer service was really good from the bank side . I liked the experience fully .
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 04, 2017
    • YES Bank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with YES Bank and the interest rate was excellent than all the other banks. I have got a rate of around 10.89% and the processing charges is normal. The customer services are also good and the team was very much responsive in the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 26, 2017
    • YES Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      YES Bank has also done a good job for me when I had applied for a personal loan. There were a number of calls and after checking my information I was told that due to the salary norms they could not proceed ahead. The response and services was on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 25, 2017
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Yes bank took around 20days to disburse my personal loan amount. The customer service is good with Yes bank. The required loan amount was not disbursed I have just asked for Rs.1lakh . The rate of interest is nominal with YES bank but I am not satisfied with the loan amount.
      Was this review helpful? 0
      , kanpur
      Reviewed on Sep 20, 2017
    • YES Bank Personal Loan
      "Good Manner"
      0.5 5.0/5 "Blown Away!"
      In the month of January, I got the personal loan from Yes bank. I do not have any kind of banking relationship with the bank but then they provided the loan. They quoted the interest rate of 14.5% and I have no idea whether it is nominal or higher than the other banks. But they done with the loan process in a good manner.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 23, 2017
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan process just took 48 hours. They have disbursed the loan within 48 hours of time. The customer service is very good with Yes bank,. The service which was given by Yes bank was very good. The rate of interest was nominal with Yes bank.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Aug 22, 2017
    • YES Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I got an fine deal with YES bank. They offered me 13.35% rate of interest for the personal loan. Processing charges charged by them for one time and the process took within a week the loan amount I have opted for 4.95 lakhs I have taken this loan in 2016 and the tenured is for 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 13, 2017
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a very good deal from YES bank. They offered me 13.25% rate of interest for the personal loan. I totally value YES Bank because of its brand name, and its only because of which I told say yes for personal loan, I was offered a good interest when I was in requirement. So, I would like to recommend Yes bank to every one for their financial need my loan got approved on time when required overall it was a great experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 30, 2017
    • YES Bank Personal Loan
      "Overall good. High on ROI"
      0.5 5.0/5 "Blown Away!"
      The process was good at YES Bank. The customer services and response was on time and they collected the paper work too. The rate on interest was on the higher side. I got a rate around 15.49% and the processing charges was high too. Else I got the personal loan on time and as needed.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Jun 25, 2017
    • YES Bank Personal Loan
      "Say Yes for credit "
      0.5 5.0/5 "Blown Away!"
      I got the personal loan with the Yes bank and the interest rate is around 11.4% and the loan amount got disbursed to my account with in three days of time. Processing charges are nil with them and partial payment can be done after six months of time.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 25, 2017
    • YES Bank Personal Loan
      "Good Experience "
      0.5 4.5/5 "Excellent!"
      Yes Bank totally value his name and say yes for personal loan on good interest when I was in requirement so I would like to recommend Yes bank to every one for their financial need staff person are very helpful and very supportive and the service timings are also very less so overall it was great experience
      Was this review helpful? 0
      , surat
      Reviewed on Apr 13, 2017
    • YES Bank Personal Loan
      "Best Interest Rate"
      0.5 2.0/5 "Expected more"
      I had taken many loans from other banks they complete their process within two days, But YES Bank had taken 10 days to collect the documents, now the disbursement is underprocess. Their loan process is not upto the mark, I accept this loan because of the interest rate, as they had offered me the best interest rate of 11.29% and with a very less processing fee.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2017
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