Yes Bank Overdraft Loan

Yes Bank overdraft loan is a facility that allows you to withdraw additional money from your bank account even if your current balance is zero. You can repay the borrowed amount at your convenience, without being subjected to any fixed EMI method. Interest is only applicable to the amount you use, not to the entire limit, making it a more borrower-friendly financing option. Moreover, eligible applicants can secure funds up to ₹ 2 crores, based on their bank statement and transaction history. Hence, to make your financial journey less difficult, Urban Money provides a brief overview of Yes Bank Insta Overdraft facility. We cover Yes Bank overdraft interest rates, key features, eligibility criteria, documentation, and the application process. Let’s scroll down. 

Features of Personal Loan Overdraft Facility

Examine the applicable features you can expect from the Yes Bank Insta OD facility:

• Wide range of collateral options 
• Dedicated relationship manager
• Avail up to ₹ 2 crores
• No prepayment charges
• Less documentation 
• Faster processing

Yes Bank Fees & Charges Overdraft Loan

Let’s take a look at the applicable fees and charges of the Yes Bank Insta Overdraft facility: 

Who Is Eligible for an Overdraft in Yes Bank?

The eligibility criteria for Yes Bank Insta OD facility may differ according to the applicant’s profile and the type of overdraft they wish to avail. However, the following are some common criteria for Yes Bank overdraft loan eligibility:

• The applicant must have a bank account from the Yes Bank. 
• The applicant must be either a salaried or self-employed individual. 
• The applicant must be aged between 21 to 65 years old. 
• The applicant must be an Indian citizen. 

Yes Bank Documents Required for Loan Application

Here is the general documentation that the applicants can expect to submit along with their Yes Bank overdraft loan application: 

• KYC documents
• PAN Card / Form 16
• Bank account statement
• Relevant financial documents
• Salary slip or Business proof 

The Process to Avail Yes Bank Overdraft Loan

You can simply apply for a Yes Bank overdraft loan through the official website of Urban Money. Alternatively, dial 1800 208 3344, and our devoted loan specialist will gladly guide you until the loan amount is credited to your applicable bank account.