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Interest Rate | Starts at 10.99% p.a. |
Loan Amount | Minimum: Rs.1 lakh Maximum: Rs.40 lakh |
Benefits | Easy online eligibility check with quick disbursal and flexible repayment options. |
There are three types of personal loan schemes that you can avail from YES Bank. They are:
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.
The fees and charges which are applicable to Yes bank Personal Loan are as follows:
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:
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.
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.
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.
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.
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.
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.
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.
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 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.
18 September 2020
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