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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1-5 Years
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YES BANK Personal Loan Interest Rates is Rated as "Excellent!" by 93 Users

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YES BANK Personal Loan Interest Rates

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

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.

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
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my personal loan with YES BANK, the loan amount they have given me was sufficient , the rate of interest they have charged me was up to 11.39% , it is nominal and the processing fee is also nominal, this bank is far better than other bank comparison, there is no delay in getting my loan amount.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Dec 11, 2018
  • YES Bank Personal Loan
    "Customer support should be improved"
    0.5 4.0/5 "Great!"
    I took the loan where I salary getting credited, from Yes bank I have taken personal loan before two years, they don't have any customer support after the post process initially they were coordinated. I am happy with the interest part on my personal loan.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 10, 2018
  • 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
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