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    We found 1 YES BANK Personal Loan
    Bank Name
    Interest Rate Range
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    Tenure Range
    14% Fixed
    -
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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    YES BANK Personal Loan is Rated as "Excellent!" by 107 Users

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    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.

    With over 600 branches across the country, YES BANK is one of India’s fastest growing banks which has always done its utmost to stick to the ethos that the name Yes 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.

    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. YES BANK’s long-term mission is to attain the title ‘Finest Quality Large Bank in India’ by the year 2020.

    Features of YES BANK Personal Loans

    YES BANK offers personal loans to individuals at highly competitive rates for terms ranging from 12 months to 60 months. Some of the other features of YES BANK personal loans are mentioned below:

    1. A loan amount between Rs.1 lakh and Rs.25 lakh can be chosen.
    2. No guarantor or collateral security is required to avail the loan.
    3. The repayment options are flexible. With the assistance of a personal loan EMI Calculator, the EMI payable across multiple tenures can be easily determined and accordingly a suitable repayment schedule can be chosen.
    4. The required documents include duly-filled loan application form, 2 passport size photographs, proof of identity, proof of address, applicant’s age and signature, salary slips for the last 3 months, Income Tax returns for the last 2 years and statement of salary account for the preceding 6 months.
    5. The interest rates are very competitive, and begin at 10.75%.
    6. Applying for a personal loan at YES BANK is hassle-free and less time consuming.
    7. Eligibility for a personal can be easily determined with their 60-seconds In Principal Approval feature.

    What are the interest rates on YES Bank Personal Loan?

    Personal loan rates at YES BANK are highly competitive. They begin at 10.75% for salaried individuals and at 12.49% for self-employed people.

    YES BANK Personal Loan Interest Rates 2019
    Particulars Salaried Self-Employed
    Lowest Interest Rate 10.75% 12.49%
    Processing Fee Starts at 0.99%, goes up to 2% Starts at 1.5%, goes up to 2%
    Tenure of the Loan Ranges from 12 months to 60 months Ranges from 12 months to 60 months
    Total Loan Amount Ranges from Rs.2 lakh to Rs.20 lakh Ranges from Rs.5 lakh to Rs.50 lakh
    Part Prepayment Fees Permitted after payment of 12 installments, charges are NIL Permitted after payment of 12 installments, charges are NIL
    Pre Closure Costs Permitted after payment of 12 EMIs, goes up to 4% Permitted after payment of 12 EMIs, goes up to 4%

    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. YES BANK’s most recent MCLR rate ranges from 8.40% to 9.65%, depending on the reset frequency of the personal loan. The MCLR rates mentioned in the table below are revised by YES BANK on a monthly basis and each month a different benchmark is set for personal loan, home loans, and so on.

    MCLR Benchmark Tenure (Period) YES BANK Rates (as of today)
    Overnight 8.40%
    1 month 8.80%
    3 months 9.35%
    6 months 9.50%
    1 year 9.65%
    Bse Rate (YES BANK) 10.25%

    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 Rate 10.25% per annum, effective October 5, 2015
    Prime Lending Rate 19.75% 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.

    What is the Eligibility Criteria for YES BANK Personal Loan?

    Eligibility Criteria Salaried Individuals Self-Employed Individuals
    Profession Salaried individuals working in private companies, Government offices, and MNCs Workers in professions like CA, CS, etc.
    Age of the Applicant 21 years to 60 years 25 years to 65 years
    Minimum Required Income for Eligibility Rs.18,000 per month Rs.12 lakh on a yearly basis
    Maximum Eligible Loan 15 times the monthly salary
    Maximum Loan Amount Eligible Rs.20 lakh Rs.50 lakh
    Minimum Required Work Experience 24 months 36 months

    How do I calculate YES BANK personal loan EMI?

    Calculating the EMI for a personal loan from YES BANK is very simple with BankBazaar’s 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 Interest Rate in % enter the interest rate. There is no need to add the % symbol.
    • In the field marked Processing 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.

    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.

    Frequently Asked Questions (FAQ) on YES BANK Personal Loans

    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.

    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 bank’s 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.

    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.

    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).

    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.

    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.

    YES BANK Personal Loan Reviews

    • YES Bank Personal Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 20, 2019
    • YES Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      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 .
      Was this review helpful? 0
      , udaipur
      Reviewed on Mar 18, 2019
    • YES Bank Personal Loan
      "Can do Better"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 11, 2019
    • YES Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , patna
      Reviewed on Mar 08, 2019
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 07, 2019
    • YES Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 2
      , noida
      Reviewed on Feb 24, 2019
    • YES Bank Personal Loan
      "Post process should be improved"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 3
      , ghaziabad
      Reviewed on Feb 22, 2019
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 22, 2019
    • YES Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 3
      , indore
      Reviewed on Jan 18, 2019
    • YES Bank Personal Loan
      "Good. Can work on the ROI"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2019
    • YES Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience with this Personal 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 around 15% and there has not been any sort of charges with them as well. The customer support of them has also been helpful and has responsive as well.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 11, 2019
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using personal loan from Yes bank recently,in initial time i face some issue but now it okay, the loan amount they have given me was sufficient, and the rate of interest and processing fee they have charged me is high compare to other bank, there is many rules and regulation , in that too i felt there was some issue, the overall service rendered by the bank is really good.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 02, 2019
    • YES Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Yes bank, there service was good, the loan amount they have charged me was sufficient, and the rate of interest they have charged me was up to 10.75% it is lower compare to other bank and the processing fee they have charged me was nominal,and there was no hidden charges,and i took loan for five years of tenure period.
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 30, 2018
    • YES Bank Personal Loan
      "Good in all"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan with YES Bank. The process was good and as expected I got the loan amount too as needed. They also had a good deal on the interest rate and processing charges. The documentation was also taken on time. In all good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 16, 2018
    • YES Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with YES BANK, the loan amount they have given me was sufficient , the rate of interest they have charged me was up to 11.39% , it is nominal and the processing fee is also nominal, this bank is far better than other bank comparison, there is no delay in getting my loan amount.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 11, 2018
    • YES Bank Personal Loan
      "Customer support should be improved"
      0.5 4.0/5 "Great!"
      I took the loan where I salary getting credited, from Yes bank I have taken personal loan before two years, they don't have any customer support after the post process initially they were coordinated. I am happy with the interest part on my personal loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 10, 2018
    • YES Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience i had with this loan has been good, where the loan amount which they had provided has been sufficient. The interest rate with them has been nominal when compared with the market rate. There has not been any sort of additional charges which they had made and there has not been any hassle faced with them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2018
    • YES Bank Personal Loan
      "Very Good bank for personal loan"
      0.5 5.0/5 "Blown Away!"
      I have got my personal loan from yes bank 2 years back. Within 3 days i have got my loan. After the documentation and verification i have received the loan in 5 days. They have offered me a interest rate of 11% and thats the lowest interest rate they can offer for personal loan. I'm not sure about processing fee. I have been paying the EMI of Rs. 11000 approximately. I have chosen the tenure period of 5 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2018
    • YES Bank Personal Loan
      "I have interest this bank"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Yes bank,they have given me low loan amount, and even they have taken loan insurance charges as well and the rate of interest they have charged me up to 11.5% it was nominal and there processing fee was bit high they have charged.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 23, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with Yes bank,they have given me low loan amount, and even they have taken loan insurance charges as well and the rate of interest they have charged me up to 11.5% it was nominal and there processing fee was bit high they have charged.
      Was this review helpful? 3
      , mumbai
      Reviewed on Nov 16, 2018
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