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

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    14% Fixed
    -
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    YES BANK Personal Loan is Rated as "Excellent!" by 40 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    YES BANK is a private bank in India with headquarters in Mumbai, a balance sheet size of Rs. 1,500 billion, deposits of Rs. 1,250 billion, advances of Rs. 1,000 billion, a pan India network of 900 branches and a human capital base of 12,750 by 2015. YES BANK offer retail loans to product like Home Loan, Personal Loan, Car Loan, Commercial Vehicle Loan. Personal loan in YES BANK can be processed with No guarantor and minimal documentation. Read on to learn about the eligibility and documentation requirements for YES BANK personal loan.


    You're probably eligible for an YES BANK Personal Loan if you are

    01
    02
    03
    04

    At least 22 years old

    Less than 58 years old

    Salaried / Self “ Employed
    with regular income

    Earn more than the minimum
    income required


    Your YES BANK Personal Loan amount eligibility is based on these factors

    01
    02
    03

    Minimum income required
    Rs.25,000 per month

    Maximum allowed personal loan is Rs. 20 lakhs

    EMIs of other loans lower
    your eligibility


    Increase your eligible YES BANK Personal Loan amount by these steps

    01
    02

    Pay off your credit card bills

    Choose longer tenure loan up to 60 Months


    Documentation needed to apply for an YES BANK Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    YES BANK Personal Loan Interest RatesUpdated on 21 Aug 2017

    YES BANK Personal Loan Details
    Interest Rate 14%
    Pre closure Charges Preclosure permitted after 12 months. 2% to 4% of principal outstanding (plus GST) afterwards
    Tenure 1 year to 5 years

    YES BANK Overview

    With over 600 branches across the country, YES BANK is one of Indias fastest growing banks which has always done its utmost to stick to the ethos that the name œYes stands for. The bank has always believed in providing customers with a banking experience that is simple, trustworthy and unforgettable and this belief has been rewarded by the many awards they have earned for the services they provide.

    About YES BANK Personal Loan

    YES BANKs personal loans are designed to give its customers the means to fulfill the various financial obligations that might arise at any time. A Personal Loan from YES BANK could translate into an ability to go on a long overdue vacation, makeover of a house or even pay for a wedding or an educational course that could be very beneficial to a customer's future.

    Why choose YES BANK Personal Loan?

    The bank started operations in 2004 and since that time it has positioned itself as a leading choice for various financial services, including personal loans. Their passion for quality service and the ease with which it can be availed has set it apart as the bank of choice for many. In its pursuit for excellence the bank has also done well in integrating technology into its daily business in such a way that customers can get the information they want in mere minutes.

    As a result of these efforts YES BANK has won itself some very prestigious awards. The long list of accolades includes awards like Asia Pacific Quality Organization (APQO) 2014 (the first Indian bank to win this award), IMC Ramkrishna Bajaj National Quality Award for Business Excellence in the Services Category 2013 (first bank in India to win this award) and the Dun & Bradstreet- Best Private Sector Bank award 2014 to name a few. They also received the ISO 14001:2004 certificate in 2013 which made them the first bank in India to receive this certification.

    Features of YES BANK Personal Loans

    • The loan amount vary between Rs.1 lakh to Rs.20 lakhs.
    • No guarantor or collateral is required to avail the loan.
    • The repayment options are flexible.
    • Documentation only includes 2 passport size photographs, proof of identity, address, age and signature, salary slips for the last 3 months, IT returns for the last 2 years and statement of salary account for the preceding 6 months.
    • The interest rates are very competitive.
    • Applying for the a personal loan hardly take any time.

    Yes Bank offers multipurpose personal loans at extremely competitive interest rates to its borrowers, with this interest computed on the back of two platforms MCLR and Base Rate. While base rates are applicable to borrowers who availed a loan before April 1, 2016, MCLR will be used to compute interest rates for others.

    Yes Bank Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

    Yes Bank introduced an MCLR benchmark following RBI guidelines, accounting for factors like their operating costs, repo rate, CRR, etc. The table below indicates the rates applicable as of June 2016.

    MCLR Benchmark Tenure (Period)Benchmark Rates (MCLR)
    Overnight8.90%
    1 month9.00%
    3 months9.25%
    6 months9.30%
    1 year9.50%

    Personal loan interest rates (MCLR)

    Borrowers who fall under the MCLR category will typically be charged an interest which consists of the MCLR plus an additional spread over this MCLR. The final interest applicable depends on factors like the loan amount, repayment tenure, collateral offered, personal standing with the bank, etc. Interest generally ranges between 12.50% and 16.00% per annum, with Yes Bank having the autonomy to modify it on a case to case basis.

    Yes Bank Base and Prime Lending Rates (For existing borrowers)

    The table below indicates the base and prime lending rates applicable at Yes Bank.

    Base Rate10.25% per annum, effective October 5, 2015
    Prime Lending Rate19.75% per annum, effective July 26, 2011

    Yes Bank personal loan interest rate (Base Rate)

    Interest rates for borrowers who availed a loan before MCLR benchmark was introduced is computed after factoring the base rate. The final applicable interest in such cases ranges between 12% per annum and 16% per annum, subject to a number of conditions. Yes Bank can choose to increase or lower the interest at its sole discretion, on a case to case basis.

    Note: All interest rates mentioned here are applicable as of June 20, 2016. Yes Bank reserves the right to modify these rates without prior notice and eligible borrowers should check the same before applying for a loan.

    To be eligible for a YES BANK Personal Loan applicants must between the ages of 25 and 58 years old. He or she must have a minimum net monthly income of Rs.25,000 per month and total work experience of 2 years or more. Work experience with the current employer must be at least 6 months. Applicants must also have stayed at the current place of residence for a minimum of 2 years.

    Calculating the EMI for a personal loan from YES BANK is very simple with BankBazaars EMI calculator. All a user has to do is to feed in the necessary information and they will be able to calculate the EMI for various loan amounts and tenures. The EMI calculator will help them decide which is the best EMI and tenure combination for them. The steps to use the EMI calculator are mentioned below:

    • On the homepage there is a link for Finance Tools. Place the mouse over it and wait for the options to load.
    • From the options present, select the Personal Loan EMI Calculator and click on it.
    • Use the first slider to select the amount of the loan
    • Use the second slider to select the duration of the loan
    • In the box marked œInterest Rate in % enter the interest rate. There is no need to add the % symbol.
    • In the field marked œProcessing Fee enter the percentage of the loan amount that will be charged as processing fee. Example 3% (without the % symbol)
    • Confirm that all the information is accurate and hit the calculate button.
    • Scroll down a little to see the results of the EMI calculator.
    • To make any changes to the details provided, simply scroll up and make the appropriate changes.
    1. How do I check my loan status?

      Customers can check the status of their loan applications at any time by getting in touch with the banks.

    2. Where can I find the YES BANK personal loan application form?

      To apply for a personal loan with YES BANK, customers need to go to the banks website. Once there, go to the Branch Banking option. Under that there is an option for Retail Banking - Loans and under this option there is the option for selecting personal loans. Once on the ˜personal loans page, users can click on the online application form provided on the right hand side of the page.

    3. 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.

    4. What are the pre-closure charges and the pre-closure process?

      Pre-closure of Personal Loans from YES BANK is not permitted until the first 6 EMIs are paid. Once the first 6 EMIs are paid, charges levied are 4% on the POS (Principal Outstanding) until the complete payment of 12 EMIs. After the 12 EMIs are paid, future prepayments attract no extra charges. One thing to note is that part payment of the loan is not possible.

      To initiate the pre-closure process, customers will have to intimate the bank of their intention via letters or emails. Once the request is received, the bank will request you to make the pending payments, following the completion of which, the bank will give the customer all relevant documents like the No Objections Certificate or the No Due Certificates and any post dated cheques (if applicable).

    5. 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.

    6. When is the NOC dispatched?

      The NOC will be dispatched once the bank has confirmed that all charges related to the repayment of the loan have been paid by the customer. To get the NOC, the customer will have to pay an amount of Rs.750 to the bank. In case the customer wants a duplicate copy of the NOC, they can get in touch with the bank to request for one. They will have to pay a sum of Rs. 250 for each copy.

    7. How do I postpone/reschedule my EMI payments?

      To reschedule or postpone EMI payments the customer will need to intimate the bank of the desired change. Any such change may attract payments to be made to the bank which will be decided at the time of rescheduling.

    8. Do I have to pay extra charges to change the installment payment date?

      Yes, to reschedule the repayment of the loan the bank may charge the customer an amount that will be decided at the time of rescheduling the loan.

    9. How do I change my mode of installment payment from PDC to ECS?

      To enquire about the possibility of changing the method of repaying the personal loan, the customer will have to get in touch with the bank and request them for a change of payment method from PDC to ECS.

    10. Will there be a penalty to be paid if the EMI is paid late?

      Yes, if the EMI payment is delayed then a penalty of 24% per annum on the outstanding amount may be charged and calculated from the date of default.

    11. Does Yes Bank offer multiple personal loan products?

      No, Yes Bank offers just one personal loan product to customers.

    12. Can one apply for a Yes Bank personal loan online?

      Yes, individuals who are keen on availing a personal loan from Yes Bank can apply through the official website of the bank. A borrower would have to provide his/her basic information like name, PAN details, date of birth, address, etc. in order to completely fill this application. Individuals who are keen on applying physically can download the application from this website, fill it and submit it to their nearest Yes Bank branch.

    13. How much loan can one avail through a Yes Bank personal loan?

      Individuals can avail loans ranging from Rs 2 lakh to Rs 20 lakh, depending on their requirement. The quantum which an individual gets is at the sole discretion of Yes Bank and this amount could vary from applicant to applicant.

    14. Is it mandatory to have a guarantor/collateral in order avail a Yes Bank personal loan?

      No, there is no need to have a guarantor or collateral in order to avail this personal loan.

    15. How can a borrower repay the loan amount?

      A borrower can repay the loan through regular, flexible EMIs.

    16. Is pre-payment of a personal loan permitted by Yes Bank?

      Yes, prepayment of a personal loan is permitted, subject to certain conditions. Prepayment of a loan is not allowed until the first 6 EMIs are paid, post which one can choose to prepay the amount, albeit at certain additional charges.

    17. What are the prepayment charges imposed by Yes Bank?

      Yes Bank charges a fee equivalent to 4% of the outstanding principal in cases of repayments up to a maximum of 12 EMIs. If a borrower has paid more than 12 EMIs, there are no prepayment charges imposed by the bank.

    18. Is part payment of a personal loan permitted?

      No, there is no part payment allowed.

    19. Will an applicant be required to provide proof of income while applying for a loan?

      Yes, an applicant might be asked by the bank to furnish income details while applying for a personal loan.

    20. Does Yes Bank levy any loan cancellation charges?

      Yes, the bank can levy loan cancellation charges up to Rs 1,000, which should be borne by a borrower.

    News About YES BANK Personal Loan

    • 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.

      ></p><p><em>20th May 2016</em></p></div><div class=

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  • YES BANK Personal Loan 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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