Easy online eligibility check with quick disbursal and flexible repayment options.Â
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Why choose YES BANK Personal Loan?Â
No collateral required.Â
In-principle approval within 60 seconds.Â
Fast approval and disbursal of loan.Â
Very competitive rate of interests starting at as low as just 10.75% p.a.Â
Easy online eligibility check process.Â
Easy online application process.Â
Flexible repayment options ranging between 12 months and 60 months.Â
Facilities for transferring existing loans, doorstep banking, mobile banking, and part prepayment.Â
Fees and charges
The fees and charges which are applicable to YES BANK Personal Loan are as follows:Â
Processing charges:Â Up to 2.5% of the loan amount or Rs.999, whichever is higher + applicable GSTÂ
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.Â
Part prepayment charges: 2% of the amount paid towards part payment + applicable taxes (part payment allowed only after the repayment of first 12 EMIs)Â
Late payment charges: 24% p.a. on the outstanding amount from the default date.Â
Stamp duty:Â As per the laws applicable in the stateÂ
Cheque bounce charges:Â Rs.750 for each bounced cheque + applicable taxesÂ
YES BANK Personal Loan Eligibility
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.Â
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.Â
The monthly income of the applicant is also taken under consideration for a personal loan application.Â
The reputation of the employer and the employment history of the applicant is also checked.Â
The credit history, as well as, other active loans and recurring monthly expenses of the applicant are considered before approving a personal loan.Â
A proof of identity such as passport, Aadhaar card, Driving License (DL), or Election Commission cardÂ
A proof of address – any valid ID proof with permanent address which should be at least a year oldÂ
Income proof – last 3 months’ bank statementÂ
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.
Frequently Asked Questions (FAQs) on YES BANK Personal LoansÂ
How to check YES BANK Personal Loan status?Â
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.Â
Where do I get the YES BANK personal loan application form?Â
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.Â
What is the loan amount that I can avail?Â
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.Â
Can I check my YES BANK personal loan statement online?Â
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.Â
How long does it take to process a YES BANK Personal Loan?Â
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.Â
How can I receive my Repayment Schedule?Â
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.Â
How is the applicable interest rate decided?Â
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.Â
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Yes Bank would now be featuring its retail products on BankBazaar.com.
Yes Bank has signed an agreement with BankBazaar to feature its personal loan products on the financial website. This tie-up would help Yes Bank reach out to online customers looking for personal loans and will help the lender expand its client base. Customers would be able to easily apply for Yes Bank personal loans on the BankBazaar website, following this tie-up. Yes Banks products will be added onto the BankBazaar website within two weeks and will mostly go live by the end of this month.
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 purchased the personal loan 2 years back. Yes bank people approached me for the personal loan hence i accepted. They have charged me a huge interest rate and there is pre-closure option is available. Bought the loan amount of Rs. 3 lakhs and I'm not sure about the processing fee. I have chosen the tenure period of 5 years.
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DIPAKKUMAR GIRISH DESAI
, vadodara
Reviewed on May 22, 2019
I have taken Personal Loan through Yesbank .I have applied for the loan amount of 5 lakhs for the tenure of 5years ,directly applied with bank itself ,The rate of interest and processing fee was less ,still the loan is not closed it is still on process there was cross selling for insurance when applied for personal loan .I have got the loan amount on delay basis .The rate of interest and processing fee was less .
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2
SRIKANTH VARANASI
, bangalore
Reviewed on Apr 30, 2019
I took my personal loan with YES BANK around 1 year ago. I am happy with the interest rate. The customer service is good and the loan was disbursed with in a week. The loan duration is 3 or 4 years, there was a processing fee which was nominal. The documents are collected by the executive and it was very simple for salary account holder.
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1
BRIJESH SINGH SINGH
, noida
Reviewed on Apr 25, 2019
I got personal loan from YES bank, they gave me 13% of interest for the loan amount of Rs. 3 lakhs for the duration of five years. The loan documentation was very easy, I submitted the physical papers to their end. They support well on the loan process.
I took YES bank personal loan for the loan amount Rs. 4 lakhs and it has the duration of 60 months. They gave me the interest around 11% its lower than others, the process was very hassle free. I done the process through online its a great experience.
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0
MOHAMMED HASNAIN SYED
, hyderabad
Reviewed on Apr 03, 2019
In YES bank interest rate is high around 13% compared to Kotak Mahindra, from Yes I took the amount for Rs. 4 lakhs for the duration of five years. They have part payment and foreclosure option. The customer helpdesk service is not satisfactory.
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1
ANISH KUMAR KUMAR
, new delhi
Reviewed on Mar 26, 2019
There is no specific reason to chose Yes bank credit card, the features are good, the bank have taken one week of time to approve the card. The credit limit is very low compared to other credit card, they need to increased the limit. I am not aware of the complete benefits.
I have did balance transfer to Yes bank my personal loan recently,i have applied for 5,00,000 they have given me up to 3,50,000 but after doing balance transfer they have charged me up to 2,05,000 which was remaining i got, and the rate of interest they have charged me up to 12,000 which i felt high including insurance and processing fee.
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0
JINKA DHANALAKSHMI
, bangalore
Reviewed on Mar 26, 2019
Yes bank has given me a personal loan and my experience is not that much good. I am not satisfied with the loan amount provided. I needed 2.70 Lakh but I got only 2.61 Lakh. 9k was deducted as processing fee and the rate of interested is high. My tenure is for three years. It has been a one month, I have taken this loan. The customer service is good .
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0
CHANDRALA SANKAR KUMAR SIVA SANKAR
, vijayawada
Reviewed on Mar 25, 2019
I have taken YES personal loan in last year, at the time I have done paper work but still it was hassle free. The executive came to the place ad done the process. The interest was quite economical, they have part payment, preclosure, balance transfer facility.
The rate of interest was 10.49%. Recently took a personal loan with YES BANK through online. The loan process was very faster and simple. They have charged me a processing fee and its high when compared with Government banks. The loan duration is 5 years.
I have directly applied with yesbank for Personal Loan.The agent clearly explained the process.The rate of interest was good ,procesing fee was nominal .I got loan amount on time .I have applied for the loan amount of 7 lakhs for the tenure of 5 years .I have not yet faced any issues on submitting documents as well .The Overall service is good .
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0
NARENDRA SINGH TANK
, udaipur
Reviewed on Mar 18, 2019
Recently I availed Top up loan from YES bank, they quoted the interest around 16.99% but I was expected around 11%, but due to my needs I took the loan. It was my first loan experience, at the time my credit score was less, now due to this loan now I am maintain better score.
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1
MAHAMMAD RIJUAN
, bangalore
Reviewed on Mar 11, 2019
The rate of interest was 10.49%. Recently took a personal loan with YES BANK through online. The loan process was very faster and simple. They have charged me a processing fee and its high when compared with Government banks. The loan duration is 5 years.
I had been holding my personal loan with Yes bank previously, now i have closed this loan,the loan amount which they have given me was good, and the rate of interest they have charged me was high,and even the processing fee which they have charged me was high,now i have closed this loan successfully.
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0
DHINESH KUMAR KUMAR
, chennai
Reviewed on Mar 07, 2019
I have taken the personal loan with the YES BANK and i am satisfied with the loan amount what they have offered with this bank but there is no online tracking for knowing the EMI pending, regarding the loan. apart from that they have given the loan within one day with nominal rate of interest.
When I applied for YES Bank personal loan, the process was good on the initial stage. They kept calling each and every day for documents, after submitting all. I didn't get the response . post process should be improved. Overall banking system need to improve the response post rejection.
My experience in getting this loan has been quite good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been quite good when compared with the market rate. There was some charges which they had made as processing fee and their staffs had also been responsive as well.
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2
SANTHYSRI PAMPANA
, hyderabad
Reviewed on Jan 22, 2019
I took my personal loan in YES BANK by last year May or June. The interest rate is okay and services are excellent. The loan duration is 60 months and every month installment is 5726 rupees through ECS. I can do pre closure after one year and there was no charges.
I have taken a personal loan with YES Bank. The process was good and the documentation was taken on time. The rate of interest and processing charges is on the higher side. They need to improve on that. Else the whole process is fine and there are no hassles.
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0
SESHADRI GURRAPU
, bangalore
Reviewed on Jan 12, 2019
