Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 YES BANK Personal Loan Interest Rates
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    14% Fixed
    -
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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    YES BANK Personal Loan Interest Rates is Rated as "Excellent!" by 52 Users

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    YES BANK Personal Loan Interest Rates

    About YES Bank Personal Loan

    YES BANK offers personal loans designed to enhance the quality of life of a borrower. This loan can be used to fulfil any personal need, be it a wedding, medical expenses or travel and is available at extremely competitive interest rates. YES BANK personal loans are easy to avail and are minus the hassle free process associated with personal loan applications, ensuring it is extremely customer friendly.

    YES BANK Personal Loan Interest Rates

    Interest rates charged by YES BANK depend on factors like the borrower’s repayment capacity and purpose for funds and are some of the most competitive rates in India. The Base Rate at YES BANK is 10.50% per annum (effective 22/06/2015). Interest rates for the year 2015 are dependent on the current base rate and range between 14% per annum to 16% per annum, based on different parameters. YES BANK offers the option of repaying a personal loan through flexible EMIs, ensuring that repayment doesn’t become an additional financial burden.

    Yes Bank Personal Loan Interest Rates 2017

    Particulars Salaried Self-employed
    Interest rate Minimum of 14% p.a. Minimum of 14% p.a.
    Loan Amount Minimum: Rs.2 lakh
    Maximum: Rs.20 lakh
    Minimum: Rs.2 lakh
    Maximum: Rs.20 lakh
    Loan Tenure Minimum: 12 months
    Maximum: 60 months
    Minimum: 12 months
    Maximum: 60 months
    Lowest EMI Rs.4,654 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available) Rs.4,654 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available)
    Processing Fee NA NA
    Age Not specified Not specified
    Prepayment Charges No charges. But prepayment allowed only after 12 months.
    Part prepayments allowed:
    20% for 12 – 24 months
    20% for 24 – 36 months
    25% for 36 – 48 months
    25% for 48 – 60 months
    No charges. But prepayment allowed only after 12 months.
    Part prepayments allowed:
    20% for 12 – 24 months
    20% for 24 – 36 months
    25% for 36 – 48 months
    25% for 48 – 60 months
    Foreclosure Charges Foreclosure is allowed only post repayment of 12 EMI’s
    Within 12 to 24 months: 4%
    Within 24 to 36 Months: 3%
    Within 36 to 48 Months: 2%
    After 48 Months: No charge
    Foreclosure is allowed only post repayment of 12 EMI’s
    Within 12 to 24 months: 4%
    Within 24 to 36 Months: 3%
    Within 36 to 48 Months: 2%
    After 48 Months: No charge

    How to calculate EMI on your YES BANK Personal Loan

    EMI calculations form an extremely crucial aspect of every loan application process as they help an individual determine the amount he/she would need to repay every month in order to clear a loan, enabling a borrower to plan his/her resources accordingly. Calculating EMIs on your YES BANK personal loan are no longer a tedious task, thanks to Bankbazaar. One could log on to the Bankbazaar website and enter details about their personal loan (tenure, amount, interest rate) in the EMI calculator which then processes the information and displays the EMIs in a simple and easy to understand format.

    An amortization table is a handy tool which provides a systematic breakdown of the entire loan repayment timeline. It indicates the variation between the Principal and Interest components for a particular loan, providing information which can make the repayment planning simple. Post each EMI payment the principal amount reduces and it is this reduced principal which is used to calculate interest for the next term. This calculation continues till the entire loan amount is cleared.

    Example: Mr. Vivek avails a personal loan of Rs 1 lakh from YES BANK at an annual interest of 14% and a tenure of 5 years. His EMI comes up to Rs 2,327 per month. Mr. Vivek decides to consult the amortization table shown below in order to clear his loan and plan his repayment accordingly.

    Loan amortization table

    Year Principal paid (Rs) Interest paid (Rs) Balance amount (Rs)
    Year 1 14,851 13,071 85,149
    Year 2 17,069 10,853 68,080
    Year 3 19,618 8,304 48,463
    Year 4 22,548 5,374 25,915
    Year 5 25,915 2,007 0

    Factors affecting YES BANK Personal Loan Interest Rates

    The interest rate an individual pays for a YES BANK personal loan depend on multiple factors, some of which are mentioned below.

    • Loan tenure – The tenure of a personal loan can have an impact on the interest rates charged by a bank and it is possible for loans with longer tenures to attract a lower interest rate compared to loans with shorter tenures.
    • Repayment capacity –The repayment capacity of an individual is a crucial factor when it comes to determining interest rates. It is possible for YES BANK to charge rates which do not overburden a borrower in terms of his/her repayment capacity.
    • Relationship with YES BANK– Individuals having a good relationship with YES BANK could be in a position to lower their interest rates, on the basis of their past behaviour and personal standing. It is possible for banks to lower interest rates for esteemed customers who have displayed commitment to their payments in the past.
    • Employment details – Interest rates can vary according to the profession of a borrower. It is possible for salaried borrowers to get a lower interest rate compared to self-employed borrowers, thanks to them having a steady source of income. Borrowers with an unstable job history might not always have a steady income source and could end up paying a higher interest rate as the bank could view them as risky prospects.
    • Age – It is possible for banks to vary their interest rates depending on the age of a borrower as senior citizens (>60 years) might be charged a lower interest compared to youngsters (<30 years).

    Note: Interest rates charged by YES BANK are at their sole discretion and subject to change.

    How CIBIL score affects YES BANK Personal Loan Interest Rates

    The CIBIL score of a borrower can have an impact on the interest rate he/she pays for a YES BANK personal loan. YES BANK relies on the CIBIL score of an applicant to gauge his/her repayment capacity and credit history and it is possible for a borrower with a good CIBIL score to negotiate interest rates charged by YES BANK, on account of this score. Borrowers with a poor CIBIL score could end up paying a higher interest rate as they might not come across as credit worthy and it is possible for banks to charge higher interest rates in such cases.

    Key things about YES BANK Personal Loan Interest Rates

    • The interest rates charged by YES BANK could change if there are any changes in its Base Rate.
    • Interest rates charged by YES BANK do not depend on collateral and there is no need to provide a guarantor/surety in order to obtain this loan.
    • Any changes in repo rates could have an impact on interest rates charged by YES BANK.

    YES BANK Personal Loan Interest Rates Reviews

    • 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
    • YES Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      YES Bank was good not excellent. I had taken my personal loan from them and the process was overall good. The services and response was good and and time. They were also normal on the rate of interest and processing charges and even after loan services is smooth.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 22, 2017
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Its been 8 months when I have taken a personal loan with the YES bank. They have processed my request in a good manner. They have taken around 10 days for my loan disbursement. The common rate of interest was 17.99% but they offered 16.99% for corporate employees. After the disbursement they have given prompt followup for my EMI due dates. They are giving proper reminders on EMI before the due dates.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 17, 2017
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