Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 YES BANK Personal Loan Eligibility
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14% Fixed
    -
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    YES BANK Personal Loan Eligibility is Rated as "Excellent!" by 93 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    YES BANK Personal Loan Eligibility

    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

    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.

    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
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience i had with this loan has been good, where the loan amount which they had provided has been sufficient. The interest rate with them has been nominal when compared with the market rate. There has not been any sort of additional charges which they had made and there has not been any hassle faced with them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2018
    • YES Bank Personal Loan
      "Very Good bank for personal loan"
      0.5 5.0/5 "Blown Away!"
      I have got my personal loan from yes bank 2 years back. Within 3 days i have got my loan. After the documentation and verification i have received the loan in 5 days. They have offered me a interest rate of 11% and thats the lowest interest rate they can offer for personal loan. I'm not sure about processing fee. I have been paying the EMI of Rs. 11000 approximately. I have chosen the tenure period of 5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • YES Bank Personal Loan
      "I have interest this bank"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Yes bank,they have given me low loan amount, and even they have taken loan insurance charges as well and the rate of interest they have charged me up to 11.5% it was nominal and there processing fee was bit high they have charged.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 23, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with Yes bank,they have given me low loan amount, and even they have taken loan insurance charges as well and the rate of interest they have charged me up to 11.5% it was nominal and there processing fee was bit high they have charged.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 16, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with YES BANK. I have a good experience where the documentation process is very good. I am satisfied with the loan amount . The rate of interest is very lower, duration is for 5 years to repay the loan also the processing fee is there.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 14, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with YES BANK , I have a good experience where the documentation process is very good but the loan amount what they have a given is satisfactory with this bank. The rate of interest and processing fee what they have been charge was very nominal .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 13, 2018
    • YES Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I am using the service of the YES BANK from past one year. I have a good experience where the documentation process is very good but the loan amount what they have a given is lower which is one lakhs three thousand rupees. The rate of interest is very lower, duration is for 5 years to repay the loan also the processing fee is there.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 11, 2018
    • YES Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      The interest rate is very less compared to other banks. And they are providing the amount whatever I required, They have deducted for some policies like insurance and processing charges, The customer service and response is good, Part payment and pre closure can be done after one year and they charge 4%. Documents are collected at doorstep by the executive.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 08, 2018
    • YES Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have transferred the person loan from the AXIS BANK to the YES BANK. The rate of interest is 11% in this bank so i have transferred to this bank. I am using it from past few months i am satisfied with the services of this bank. The customer service is good.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 04, 2018
    • YES Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      Got my personal form Yes bank , as the rate of interest is high of 21% . Making the payments through Ecs. Got approved as instant approval process and there is high processing fees for the personal loan. Their customer service and response is good regarding personal loan.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Nov 02, 2018
    • YES Bank Personal Loan
      "Good Financial service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan from Yes bank , Am satisfied with the rate of interest which is nominal but had to go with it based on my situation . Where there is no processing fees They instantly approved They gave the tenure period of 5year and made the payments through ecs .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 02, 2018
    • YES Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with YES Bank. It has not been a up to the mark experience. A average process as the documentation was not taken on time and the rate of interest and processing charges is also not satisfactory. They need to improve on that.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Sep 22, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      MY personal loan was taken with taken with YES BANK , they offered me sufficient loan amount with this bank . Rate of interest is 7.49% and tenure period is 60month . Customer support is good with this bank . They offered 2% of processing fee on principal amount and they gave preclosure option too .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 17, 2018
    • YES Bank Personal Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      My personal loan was years back. The loan amount was 2 lakhs and the interest rate was very high . The tenure period was 36 months . Their customer service and responses was very good. I am satisfied with the documentation and exective wer every helfull.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • YES Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      Got my personal form Yes bank , as the rate of interest is nominal one . Making the payments through ECS they gave the tenure period of 3 years . Got approved as instant approval process and there is high processing fees for the personal loan. Their customer service and response is good regarding personal loan.
      Was this review helpful? 3
      , mumbai
      Reviewed on Aug 22, 2018
    • YES Bank Personal Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with YES BANK . I have not face any inconvenience at the time of documentation so far my experience is good with this bank . Interest rate is 10% and it is up to the mark. Tenure period is 4year and i use to pay 3000 of EMI and there is processing fee of rs 1500 charged by this bank . My loan amount is up to the mark. There is no charge for preclosere .
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2018
    • YES Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan earlier with YES Bank and the process to get the loan was good. I have closed this loan too and the process was easy after the closure of the loan. The rate of interest and processing charges is nominal and overall good experience.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 14, 2018
    • YES Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I earlier had my personal loan with YES Bank and the process was easy and smooth. The customer services and response is good. The after loan services are good and there were no issues. The rate of interest and charges is normal and in all no issues.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 13, 2018
    • YES Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the Yes Bank for 3 LACS, they offered the loan at a nominal interest rate. The loan was sanctioned and disbursed with in3-4 days. The customer support was also very good. It has been a hassle free personal loan experience with the Yes Bank.
      Was this review helpful? 8
      , kochi
      Reviewed on Aug 04, 2018
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've take a personal loan from the Yes bank for 2 lakhs. It was not good, the associate told me 13.29% but the bank is charging 14 %. I am paying an EMI of 9803 for 24 Months. There were also hidden charges too when it comes to the YES bank with respect to personal loan.
      Was this review helpful? 4
      , delhi
      Reviewed on Jul 14, 2018
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