Yes bank personal loan interest rates start at 10.99% p.a. and the repayment tenure goes up to 60 months. Check out various features and advantages of personal loan offered by Yes bank.
Before applying for a personal loan, it is important you access your needs and accordingly decide the loan amount you will require.
Once you have decided upon the personal loan and tenure, you can apply online by filing the application form given on the page. You will have to enter details such as your name, email ID, mobile number, date of birth, PAN Card number, annual income, etc. and click on ‘Submit’.
You will have to submit the necessary documents. The bank will verify the application form and documents submitted by you and once they are verified, the bank will disburse the loan amount to your bank account.
You can also visit the nearest YES Bank branch along with all the necessary documents and apply for a personal loan. A representative from the bank will help you with the application process.
Yes bank Fees and charges for Personal loan
The fees and charges which are applicable to Yes bank Personal Loan are as follows:
Foreclosure charges: Foreclosure of a personal loan is allowed only after the repayment of first 12 EMIs. Foreclosure fee is charged at 2% to 4% of the outstanding principal amount after that.
Part prepayment charges: 2% of the amount paid towards part payment + applicable taxes (part payment allowed only after the repayment of first 12 EMIs)
Late payment charges: 24% p.a. on the outstanding amount from the default date.
Stamp duty: As per the laws applicable in the state
Cheque bounce charges: Rs.750 for each bounced cheque + applicable taxes
Eligibility for Yes bank Personal Loan
The age of the applicant – for most lenders, the minimum and maximum age requirement for a personal loan are 21 years and 60 years, respectively.
A good credit score – the applicant should have a good credit score. The chances of getting the loan application approved are higher if the credit score of the applicant is 700 or more.
The monthly income of the applicant is also taken under consideration for a personal loan application.
The reputation of the employer and the employment history of the applicant is also checked.
The credit history, as well as, other active loans and recurring monthly expenses of the applicant are considered before approving a personal loan.
Documents Required to apply Yes bank personal Loan
Application form
A proof of identity such as passport, Aadhaar card, Driving License (DL), or Election Commission card
A proof of address – any valid ID proof with permanent address which should be at least a year old
Income proof – last 3 months’ bank statement
How do I calculate EMI for Yes bank personal loan?
Visit our banking related personal loan EMI calculator and get an instant quote on your monthly payments. To know more, go to YES BANK Personal Loan EMI calculator.
Personal Loan EMI Calculator given on YES BANK’s website can also help determine the installment amount payable. Follow the steps given below:
Enter the desired loan amount.
Enter the interest rate.
Enter the loan tenure (years and months).
The graph appearing on the right side will display your EMI.
About the bank
YES BANK is one of the largest private sector banks in India with a huge customer base. With more than 1,000 branches all across the nation, YES BANK is also one of the banks in India with rapid growth. YES BANK also happens to be the only bank to be awarded a Greenfield Bank License in the last 20 years.
FAQs on Yes bank Personal Loan
How to check YES BANK Personal Loan status?
Applicants can get in touch with the bank at any point in time to know the status of their personal loan. If the applicant has applied for YES BANK Personal Loan through BankBazaar, he or she can also log in to his or her BankBazaar profile and check the status of the loan. The applicant will also get regular SMS and email updates on the phone number and email ID registered with BankBazaar.
Where do I get the YES BANK personal loan application form?
You can consider visiting one of the branches of YES BANK and collect the application form. You can also visit the official website of YES BANK and download and print the application from the website.
What is the loan amount that I can avail?
The loan amount for which you will be eligible will depend on a number of factors including your credit score, credit history, employment history, income, and repayment capability. The bank will decide the amount that you will be eligible for after considering all these factors.
Can I check my YES BANK personal loan statement online?
Customers can get in touch with the bank to get the latest statement of accounts, however, issuing these statements will attract charges of Rs. 750 per statement.
How long does it take to process a YES BANK Personal Loan?
Once all the documents are submitted to the bank as per their policy, the loan is usually processed within 5 working days from the date of submission of the documents.
How can I receive my Repayment Schedule?
Customers can request the bank for repayment schedules at any instant, however, every copy of the repayment schedule that is sent to the customer will be charged at Rs. 750.
How is the applicable interest rate decided?
The interest rate which is applicable for an applicant will be decided by the bank. There are a number for deciding factors such as the credit score of the applicant, his or her employment history, and so on. Usually, if the applicant is salaried with a reputed employer with an income which suits YES BANK’s eligibility criteria, he or she can expect the lowest interest rates.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Yes Bank has joined ‘PSB loans in 59 minutes’ digital loan platform
YES Bank joins the new initiative, ‘PSB Loans in 59 Minutes’ which was launched by the SIDBI consortium of PSBs. This was done for facilitating easy access for MSMEs.
The platform functions via the advanced algorithms which integrate the information directly from GST, bank statement, income tax returns, bureau check, and fraud check. This will automate the process of decision making with new levels of information security.
Once you submit the application for the loan, an algorithm will go through and analyse your data and also determine the loan amount which can be sanctioned and this will be within 59 minutes.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
I have taken personal loan directly through yes bank.The rate of interest and the processing fee was very less and based on my requirement i have availed this loan .This loan is still active and paying the premium on EMI if there is any delay then no extra charges .
I have chosen YES bank personal loan to clear my credit card bill. The loan was easily available and i have applied the loan through online. Provided interest rate was very high. I got the interest rate of 14% and i pay the EMI amount of Rs. 4661. I have chosen the duration of 5 years. If they reduced the interest rate, it would be fine.
I have taken a personal loan with YES bank. On 3 months before I had applied through online. The verification process was lengthy and they have done for twice, so they took 2 weeks to sanctioned the loan amount of 1L with tenure period of 4 years. The rate of interest 13%. EMI use to pay amount of 3K.
YES bank offered me an interest rate of 11.5% when i availed the personal loan. I have chosen this bank because they were ready to provide the required loan amount for me. Somebody called me from YES bank once i applied, within 1 week i got the loan from them. Documentation process was quite smooth and they have collected the document like 5 months bank statement, Aadhar card, PAN card and 2 cheque leaf.
I have applied a personal loan with YES bank on one or two months before. Since I am holding a salary account with them, they offered a personal loan. The amount of 2L which is sufficient with tenure period of 2 years. The rate of interest of 17% according to me its nominal and processing fee charge of 2%. Pre closure is available. The customer service is good. They have sanctioned the loan by 20 days.
I have taken personal loan through Yes Bank.The rate of interest and the processing fee was little high .Each and every detail was shared by the agent .I have taken this loan since had requirement and there was no drawbacks faced so far on.I am satisfed with the overall service.
Yes bank is a good service. I don't find any issue with them and their service was good and resolved my issue on time. I have taken a personal loan on last year. There is an option of pre closure and charges are applicable. The amount was fulfilled as per my requirement. Rate of interest of 13% which is quite nominal. They have sanctioned the loan by 4 days.
Since I am holding a salary account with them, so I have taken a personal loan with YES bank. The loan amount was Rs. 15,00,000 and the tenure was 8 years. The rate of interest was 18% which was high. I went to bank directly and I given all my documents. There is a no pre closure charges and the customer service was good.
I applied for YES BANK personal loan via online, bank executive collected the documents and loan got disbursed with in 3 days. Loan amount is 2 lakhs and i asked for the interest rate 11.50% with the tenure of 24 months, atlast bank provided me with 11.75% interest rate and the tenure is 36 months. The processing fee and insurance was around Rs.5000 detected from loan amount. Customer services was good.
I have taken Yes Bank personal loan directly .The rate of interest was very high since had requirement at that time which I went ahead. I have got this loan without any delay .I have submitted the required documents and its still active.I have got all the details about this loan process through the agent.,
I applied the loan amount of Rs. 3.5 lakhs but based on my eligibility they have provided me a loan amount of Rs. 1.60 lakhs and the provided interest rate is 13.75%. They charged Rs. 4000 for processing fee and insurance. I have selected the tenure period of 5 years. There is a additional charges for the pre-closure facility.
I have taken a personal loan with YES bank on 3 months before, which applied directly to bank. The amount was sufficient of 5 lakhs for the tenure of 5 years, the rate of interest of 15% which was high and fee was taken for 20 thousands which include insurance and for all.
I have processed my personal loan with YES BANK and they have been continuously following me. The rate of interest is 11.25% and they were ready to give much lesser interest rate when I reached them. The customer service is good. There was a processing fee and the loan duration is also flexible. Its almost done and have been receiving the amount in a short span.
I directly took YES Bank personal loan, the service is good and documentation is easy. I have taken Rs. 1.5 lakh for three years of duration, the bank offered me the rate of interest around 13% per annum and they taken 2% of processing fee from the disbursement. Its quite economical as per market.
YES bank gave me the least rate of interest than HDFC, they quoted me 10.25% for per annum. The loan process was hassle free through online channel then within two days I have received the principal amount of Rs. 6.5 lakhs with the duration of five years.
In YES bank, they have instantly approved the loan but they have not asked me any documents. Its a quick and smooth loan process. Competitively interest rates are low in the market and they didn't charge any processing fee. I applied the loan amount of Rs. 1.5 lakhs and the interest rate is nominal.
I have taken for a personal loan with YES BANK on a year before and they have contacted me immediately provided me a good service and sanctioned the loan amount on time. The rate of interest and processing fee are nominal at an initial but now it was increased. For an online ECS payment I am facing an issue to do it.
I have applied for a personal loan with YES BANK and they have contacted me immediately provided me a good service and sanctioned the loan amount on committed time. They need an improvement on the customer service part. The interest rate was average. The processing fee is included.
1 year ago, i bought the personal loan and i have chosen the yes bank because of the convenient in process. I took the loan amount of Rs. 4 lakhs and within 15 days, they have disburse the loan. I am paying the EMI amount of Rs.8900 for my personal loan.
In YES bank they have processed the loan immediately. They have disburse the loan in 1 week. I applied the loan amount of rs. 1 lakhs for that they have offered me a convenient interest rate. I have been paying the EMI of Rs. 3503 for the tenure period of 3 years. EMI is getting deduction through auto deduction.
