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.
Eminent industrialists express interest in YES Bank stakes of up to 5%
Industrialists Sunil Munjal of Hero Group and Sunil Mittal of Bharti Enterprises have expressed interest in buying stakes of private lender YES Bank. The talks are still at the initial stage and if no deal takes place, Munjal and Mittal are likely to acquire stakes in their private capacity which could go up to 5% while another 5% may be sold to private equity investors. However, there is no confirmation of the same. In the meantime, YES Bank has revealed that it continues to have regular conversations with the Reserve Bank of India (RBI) on its effort of raising funds. Presently, the bank is trading at around 0.6 to 0.7 times the book in terms of valuation which is considered a highly attractive number. The bank had recently recovered Rs.645 crore by selling its stake of 6.77% in Fortis Healthcare.
18 October 2019
Yes Bank and Microsoft partnership for AI powered banking solutions
Yes Bank has recently come in a collaboration with Microsoft. the main idea behind this partnership is to strengthen the AI enabled chatbot of Yes Bank. The chat bot known as Yes Robot, is to be replenished with neuro language programming (NLP) engine, language understanding intelligent service (LUIS), and other cognitive services. These will help the chat bot to understand unresolved the needs of the customers on the basis of the evolving banking structure with none or minimum human intervention.
The Yes Robot which has been built on the modular and customizable AI platform of Microsoft helps the users to perform both financial and non-financial banking transactions. This is done with the help of conversational AI which is equipped with extensive financial knowledge. This will also help in saving the time of the customers by cutting down the hassle of navigating through a number of web pages. The chief digital officer of Yes Bank, Ritesh Pai said that the bank has always been one of the pioneers in leveraging machine language and AI. The bank had started working on the automation of several processes and the chat bot back in 2016. Pai further mentioned that collaborating with Microsoft and the services provided by it will help enhancing the overall customer service and reduce the time-of-first-response as well.
9 September 2019
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 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.
I have taken a personal loan with YES bank on 1 year before which was applied through an online. The verification process was smooth an sanctioned on time with sufficient for the tenure period of 4 years. The rate of interest and processing fee are nominal.
I took YES bank loan through online channel, I took Rs.1.5 lakh for one year of tenure. I think foreclosure has some charges hence I paid all the emi, the interest rate is best as per my experience. The support is great they kept updating all the time.
I never interacted with the yes bank customer care for any kind of reason. They have given me some interest rate which has increased after the disbursements. They have provided me a insurance which i never opted and they have added intentionally. There was a offer i can close the loan after 12 months without any charges but when i went for that they have charged 4% and even if i want to cancel the loan also they will charge 1.5% after the disburse.
I have taken a personal loan with YES bank for more than 2 months ago which was processed directly to bank. The amount which was given from bank is sufficient for the tenure period of 4 years. The rate of interest is 10.99% and it is okay. They have sanctioned the loan on time.
I would suggest Yes bank is the best bank from my end they have sanctioned me 7 lakh of loan for the second time with the normal rate of interest of 12.25 lakh. There process was very fast and, after submitting the documents there was no delay loan got disbursed.
I am very happy that Yes bank have sanctioned me with the loan amount of 5 lakh with the rate of interest of 14 percent. I had a very good experience and they have processed my loan within 2 to 3 weeks. Yes bank staff are responsive and helpful as well.
I done a balance transfer to YES BANK with lesser rate of interest. The processing was not good. There was a processing fee which is 2%. They have taken a loan for 3 years. I can do partial payments and foreclosure after a year with charges. The documentation process was too late.
I took a personal loan from the YES bank. I got the loan with in few days. The application process and the documentation was easy and hassle free. I applied for the loan via the YES Bank mobile application . Overall it was a good loan experience. I am happy with services . Overall it is good service .
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ANTONY WILLIAMS KIRAN
, hyderabad
Reviewed on Jul 20, 2019
I have taken a personal loan in YES bank for more than 4 months which was processed directly to bank. The loan amount was sufficient which was given from bank for tenure of 5 years. The rate of interest and the processing fee are nominal. The customer service is good and supportive.
I have a personal loan with YES Bank and the process for the loan was done on time. I had no hassles to get the loan and the rate of interest and processing charges was a bit on the higher side. It was around 15.5%. nominal too. The documents was collected on time and I got the funds as required.
I have been taken my personal loan from Yes bank long back, their service was good i did not face any issue in getting my loan process like, they gave soon my loan and they have give sufficient loan amount as i have expected and the rate of interest and processing fee they have charge is nominal .
