YES BANK Personal Loan

Features and Benefits of YES BANK Personal Loan

Personal loans are a perfect solution for managing your finances. You can apply for a YES BANK personal loan with flexible repayment options with an interest rate starting from 10.99% per annum. Extend your loan tenure up to 60 months according to your convenience. You can avail of a loan of up to ₹40 lakh with the YES BANK personal loan scheme.

• Easy application procedure and quick online services.
• Doorstep banking services for the documentation process.
• Customised loan tenure and repayment options.

The given below features makes YES BANK one of the top choices for customers to borrow a personal loan:

• No collateral is required while availing the loan.
• The borrowers can choose their loan tenure. By calculating the Equated Monthly Instalment (EMI), borrowers can determine their repayment schedule according to the loan tenure and repay the loan amount according to their convenience.
• The YES BANK personal loan eligibility can be verified by the borrowers within 60 seconds using the personal loan eligibility calculator. YES BANK’s mPower Bot can be used for 1-minute in-principle loan approval.
• After the personal loan has been approved and sanctioned, the loan amount will be disbursed within a few hours.
• YES BANK provides speedy approval of your personal loan application after all the documents have been provided. The appraisal decision will be communicated within 5 days of the date of application.
• Customers can transfer their high-cost personal loans from other financial institutions or banks to YES BANK at a comparatively lower rate of interest. A top-up funding option is also available.
• For efficient disposal of services, YES BANK provides Mobile Banking and Net Banking facilities.
• If the borrower has additional funds available, he/she can pre-pay the personal loan in part after the payment of 12 EMIs.

YES BANK Personal Loan Interest Rates

Factors Affecting YES BANK Personal Loan Interest Rates

YES BANK Personal Loan Eligibility Criteria

The key factors that might affect the eligibility for a YES BANK personal loan are:

For Salaried Individuals

For Self-employed Individuals

Factors Affecting YES BANK Personal Loan Eligibility

YES BANK Personal Loan Fees and Charges

YES BANK personal loan requirements include charges other than the interest rate. These are:

Documents Required for YES BANK Personal Loan

General Documents

For Salaried Individuals

For Private Limited Companies

For Partnership

For Proprietorship

How Does the EMI Calculation Work for YES BANK Personal Loans?

With YES BANK you can avail of loans with EMI as low as ₹2162 per month for every 1 lakh of the loan amount. If you are wondering how to calculate the EMI amount, YES BANK provides an EMI calculator for your convenience.

To calculate your monthly EMI, you just need to insert the value in three categories: the rate of interest, tenure of the loan, and loan amount. Once you have inserted the values in these fields, the results in the form of total interest and total amount will be displayed on the screen in a graphical format. Hence, it gives you an idea about the ideal tenure that you should opt for and the amount that you are paying.

The formula for calculating the EMI amount is:

EMI =(P × R × (1+r)^n)/((1+r)^n-1)

Where, the loan amount - P can be ranging between ₹2-40 lakhs

The rate of interest- R is at 10.99%

The loan tenure - n can be up to 60 months i.e. 5 years

How Does YES BANK Compare with Other Lenders?

Mentioned below is the YES BANK personal loan interest rate compared with the other prevalent lenders in the market.

YES BANK Personal Loan Customer Care Number

For any query on how to apply for YES BANK personal loan, the applicants can reach out at the toll-free customer care number at 1800-1200 and +91 22-6121-9000 (charges applicable).

For people living outside the country:

You can get in touch through the mail address: yestouch@yesbank.in or you can use the YES Robot, the chatbot, or virtual assistance and get in touch with a YES BANK representative. 

You can also send ‘HELP’ space to +91 9552220020.