Yes Bank Personal Loan of 50000

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Written By
Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Yes Bank offers personal loans designed to meet various financial needs, making it easier for individuals to manage unexpected expenses, finance a dream vacation, or consolidate debt. A Yes Bank personal loan of ₹50,000 is tailored for those looking for immediate financial assistance without the burden of collateral. With competitive interest rates, minimal documentation, and a swift approval process, Yes Bank ensures applicants can access funds promptly. The bank caters to a broad spectrum of borrowers, including salaried employees, self-employed professionals, and entrepreneurs, offering flexible repayment options to suit different financial situations. By focusing on customer convenience and satisfaction, Yes Bank’s personal loan service is a reliable financial solution for those needing quick funding.

Features of Yes Bank ₹50,000 Personal Loan

Here are the features and benefits of a Yes Bank personal loan of ₹50,000:

  • No requirement for collateral when securing a personal loan with Yes Bank.

  • At Yes Bank, customers can select the duration of their loan and conveniently calculate the monthly instalments (EMI) they need to make for different loan tenures. This helps them find a repayment plan that best fits their needs.

  • Yes Bank offers customers a highly competitive interest rate that begins at 10.75%, making it one of the most attractive options in the market.

  • Yes Bank offers convenient doorstep banking services. When you apply for a personal loan, a bank representative will visit your home or workplace to assist you with the necessary documentation.

  • Yes Bank offers convenient Net and Mobile Banking services that streamline your banking activities and ensure a seamless experience.

  • Customers who have experienced a financially rewarding month or unexpectedly received additional funds now have the opportunity to make a partial pre-payment towards their Yes Bank Personal Loan after completing 12 EMIs.

Can I get a ₹50,000 personal loan instantly from Yes Bank?

Yes Bank offers personal loans designed for quick disbursal to meet urgent financial needs, including amounts like ₹50,000. While ‘instant’ loans depend on several factors, including the applicant’s eligibility, documentation, and the bank’s internal processing times, Yes Bank strives to provide a streamlined and efficient application process that can lead to fast loan approval and disbursal.

What is the EMI for a ₹50,000 loan?

The EMI for a ₹50,000 loan with an interest rate of 10.75% for a loan tenure of 12 months would be approximately ₹4,413.25. ​​

Eligibility Criteria ₹50,000 Personal Loan in Yes Bank

The Yes Bank Personal Loan of ₹50,000 depends on the following criteria:

  • The applicant should be within a certain age range, usually between 21 and 60 years for salaried individuals and up to 65 years for self-employed individuals.
  • Self-employed applicants should have a stable business with a minimum operational period of 2-3 years, demonstrating consistent income.
  • Salaried applicants must have worked for a public sector unit, a private company, or a multinational company for a minimum of 1-2 years. 
  • The applicant’s nationality should be Indian.

Documents Required for a ₹50,000 Yes Bank Personal Loan

The necessary documents you need to avail of Yes Bank Personal loan of ₹50,000 include:-

  • Proof of Identity and Address: Aadhaar/ PAN/ Passport/ Driving License/ Voter ID 
  • Proof of Employment: Salary slips/ Proof of business/ ITR 
  • Bank Statements for the last 6 months
  • Passport-size Photographs
  • Employment Verification: (Employment letter/ proof of business ownership to establish your professional standing)
  • Credit Report showcasing your credit score

How to Apply for a ₹50,000 Personal Loan from Urban Money

Here is step-by-step guidance to apply for a Yes Bank personal loan of ₹50,000 via Urban Money:

  • Visit www.urbanmoney.com.
  • Look for the personal loan offered by Yes Bank and select the option to apply.
  • A form will appear on the screen. Please provide your information, such as your name, phone number, and city. Then, confirm your phone number using a one-time password (OTP).
  • After you complete the form, we will receive your request. One of our representatives will contact you shortly to simplify the loan procedure.

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Frequently Asked Question (FAQs)

How long does it take for Yes Bank to approve a ₹50,000 personal loan?

Yes Bank aims to provide speedy approval for personal loans of ₹50,000. Certain applications can be approved in hours or even instantly, depending on eligibility and the submission of required documents.

What are the interest rates for Yes Bank's ₹50,000 personal loans?

The interest rate for Yes Bank personal loan for ₹50,000 ranges from 10.75% to 20%.

Can I apply for a ₹50,000 Yes Bank personal loan online?

Yes, Yes Bank offers a fully digital application process, allowing you to apply for a ₹50,000 Personal Loan online conveniently. 

Are there any hidden charges in Yes Bank personal loan agreements?

Yes Bank guarantees transparency in its personal loan contracts without hidden fees or charges. It is advisable to examine the terms and conditions carefully.

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