Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 YES BANK Personal Loan Interest Rates

    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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    YES BANK Personal Loan Interest Rates is Rated as "Great!" by 39 Users

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    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.
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  • YES BANK Personal Loan Interest Rates Reviews

    • 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
    • YES Bank Personal Loan
      "Everthing is fine"
      0.5 4.0/5 "Great!"
      Everything is perfect when it comes to YES bank personal loan., Interest rate offered by YES Bank was on the higher side this was taken some time back . Customer service offered by them was good. I am allowed to do partial payments when ever I want and its an ongoing loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 06, 2017
    • YES Bank Personal Loan
      "Bank deserves all praise"
      0.5 5.0/5 "Blown Away!"
      YES bank deserves all praise, as they had offered what I was in need of. I was promised that they would be providing loan for an interest rate of 14.5% but they have charged only 14.2%. On the same lines, other banks were struggling to offer 15% but YES bank was too good in offering an interest rate of 14.2% . The second best thing about YES Bank is, the actual processing fee is 2% however they were offering only 0.5% and finally they have not added insurance to the loan.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Dec 03, 2016
    • YES Bank Personal Loan
      "It is great"
      0.5 3.5/5 "Pretty good"
      This is the best offer ever! I was offered a zero percent foreclosure charges, no processing fee etc. More than all the interest rate offered by them was 12.25% it is that good. This offer was provided by the company therefore I had opted for it.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 19, 2016
    • YES Bank Personal Loan
      "More than Excellent service"
      0.5 5.0/5 "Blown Away!"
      My personal loan with YES bank was pretty good. It met my exception level in all aspects of service. In term of interest and process fee was very least compared to other banks. It had considered my oldest transaction on my salary account and they disbursed the amount on time.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 17, 2016
    • YES Bank Personal Loan
      "Rate and customer service is very good"
      0.5 4.0/5 "Great!"
      Rate of offered by YES bank is 11.49% however the other bank was offering rs 16.25% which is way to high . The executive who was in touch with me was providing regular updates on a daily basis. No issues till date with YES and the interest rate offered by YES Bank is very good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 17, 2016
    • YES Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      I got a personal loan from YES Bank and it was a hassle free experience and process. The services from them has been really good and on time. They were quite normal on the rate of interest and the processing charges was also nominal. They were approachable and supportive as well for a query.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2016
    • YES Bank Personal Loan
      "Could be more quicker"
      0.5 4.0/5 "Great!"
      YES Bank was good on the personal loan process, but they did take some time to process the loan. They took more than a week. The delay was from the bank end. The rate of interest was around 12% and they were pretty much affordable with the processing charges as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2016
    • YES Bank Personal Loan
      "Everything is financial for a common man"
      0.5 3.0/5 "Satisfactory"
      The first and the best factor about YES bank personal loan was the processing time as they took a very less time to process the loan. The guy who was interacting with me was really helpful and supportive. On the other hand, the Branch person was not responsive and it would have been better if they would have reduced the processing fee a bit.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 08, 2016
    • YES Bank Personal Loan
      "Useless/inexperienced Processing "
      0.5 1.0/5 "Really Bad"
      Overall inexperienced and ineffective work force atleast the Pune Branch. 1. Very Long Processing Timeline (Sep 28 - Oct 29) - Nearly one month on outlook - It means they work only on Month end to meet the targets. 2. No Proper documents collection . 3. No proper channel to deliver the Balance Tranfer (BT ) cheques. 10 days after processing cheque not yet received. 4. Customer Care do not have direct link to Personal Loan Dept. So You can talk to no one. 5. They use lots of middle Man (agents ) throwing away unnecessary promises .They dont have any way to tackle them.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 08, 2016
    • YES Bank Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I would like to give 5 stars for all parameters for my YES Personal loan. The contact person was really good and he had provided some extended service. Sriniviasan his boss was very responsive. He was very much helpful and I got the money from them on time. Interest rate offered by YES bank was okay and it was line with other bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 04, 2016
    • YES Bank Personal Loan
      "Quick and flexible "
      0.5 5.0/5 "Blown Away!"
      The process was very quick and flexible with YES Bank. I never though that I would receive the personal loan within ten days. I thought it would drag as there were many other banks who declined my application with a reason of my company not being listed. But this bank was excellent. The rate of interest was of 16% and processing charges normal too.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 31, 2016
    • YES Bank Personal Loan
      "Very lengthy process"
      0.5 3.0/5 "Satisfactory"
      The document process is too much and the process was too lengthy with YES bank. There was a lot of verification done at my home couple of times and at my work place too. When I had to open a savings account, they verified my details earlier and they done the same again for the personal loan which was not required. It was a hectic process overall.
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 25, 2016
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