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
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    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 80 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 2018

    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
      "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
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Yes bank and my loan experience was good, the loan amount was for Rs 3.25 lakhs with nominal interest rate when compared to other banks. 2% charges are applicable for preclosure of the loan. Customer service was fine and the tenure for this loan is 3.5 years.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 03, 2018
    • YES Bank Personal Loan
      "ROI is high"
      0.5 4.0/5 "Great!"
      Interms of ROI is too high compared other banks. I found the customer care service which was helpful. I have applied around 5 lakhs how ever i they have approved the same. I already paid around 1.3 lakhs. I'm paying the EMI amount of 11400 every month through ECS. I have opted the loan for 5 years.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 21, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Its instant loan approval process which i took from Yes bank for personal loan . The approval was so quick as the amount reflected in my bank account in just 3 days The rate of interest is promising one . They gave tenure period of 2 years There is some processing fees as it is high . Overall their service and response is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 19, 2018
    • YES Bank Personal Loan
      "Quick Process"
      0.5 4.0/5 "Great!"
      My loan got approved very fast. The Loan was approved in 4 days itself. The people visited my place to collect the documents. Their customer is very helpful. Overall, I'm very much delighted with the personal loan experience which I had with YES Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 06, 2018
    • YES Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Yes bank and the experience was good, the rate of interest of 11% was nominal when compared to all other banks. The process was smooth and i received my loan amount on time. I am happy with the customer service and the tenure period for this loan is 60 months.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 30, 2018
    • YES Bank Personal Loan
      "Good. No hassles"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from YES bank. The customer services and response is good and the process has also been smooth. The rate of interest and processing charges is normal and in all it has been a good experience. The after loan services are good too.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 27, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The yes bank personal loan service is very good and I have got the loan around a month ago. They have disbursed the loan amount within a week time. The required loan amount has been given and I am satisfied with it. The rate of interest an the charges were average.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 11, 2018
    • YES Bank Personal Loan
      "GOOD CARD"
      0.5 5.0/5 "Blown Away!"
      For more than 2 years I am a customer of the said bank.I am proud to be a customer of this bank, the reason being, they respond quickly. The rate of interest for my PERSONAL LOAN is 14%when comes to the payment i pay through online which is more convenient.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 02, 2018
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The rate of interest and charges was fine with Yes bank Personal loan service compared to others in the market. They added Insurance service during the process without my knowledge. The documents process was good with Yes bank. The customer support was prompt with Yes bank personal service. Overall, I am very much happy with YES Bank service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 04, 2018
    • YES Bank Personal Loan
      "affordable rate of interest"
      0.5 5.0/5 "Blown Away!"
      I had applied and got a personal loan from the Yes bank. The rate of interest which is 11.49% which is very affordable by comparing with the maker base rate. They sanctioned my promised principle loan amount. But they took nearly more than one week to approve my personal application.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 06, 2018
    • YES Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      My existing loan was running with HDFC, I thougt their rate of interest is not upto the mark. Therefore I went to YES bank, they processed my loan with better interest. My loan amount was 6.25 lakhs for the tenure 5 years. YES bank gave me 11.49% of interest its best compared to HDFC.
      Was this review helpful? 1
      , mumbai
      Reviewed on Feb 15, 2018
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