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Yes Bank Personal Loan, Interest rates from 10.99%

Yes Bank Personal Loan is an ideal choice to meet personal expenses. Get loan upto Rs. 40 Lakhs.

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Yes Bank Personal Loan

Yes Bank is one of the largest private banks in India offering premium banking service to Indian customer. Yes Bank is an ideal choice for instant Personal Loan requirement. It can be used to cover holiday expenses, including hotel charges, and urgent medical expenses.

Features of Yes Bank Personal Loan

Seamless Prepayment

Prepayment facility available to borrowers after paying 12 EMIs

1 Min approval

Check your loan eligibility with Yes Bank in 60 seconds

Zero Collateral

Get Personal loans approved without submitting any collateral

Loan Transfer

Get balance transfer of higher personal loans from other banks

Quick Disbursal

Funds will be transferred within one hour from the time of approval

Easy to apply

Using their online service, you can easily apply with basic documentation

Door step banking

Yes Bank offers door step services where a executive will visit your place for documentation

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Eligibility criteria for Personal Loan at Yes Bank

Yes bank has not given any specific eligibility criteria. However, while applying for personal loan, yes bank will ask for the following details,

Age
Monthly Income
Monthly expenses (recurring)
Employer Name
Employment history, years at current job]
The tenure of stay at present residence

Once these details are collected, they will then take a call whether to approve or decline the loan request

Charges in a personal loan

Interest rates	From 10.99% to 20%
Loan Processing Charges	Upto 2% of Loan amount + taxes
Stamp Duty	*as applicable
Prepayment charges	3% of the outstanding (Plus applicable tax)
Loan cancellation charges	Rs. 1000 + taxes
Legal Charges	At Actuals
Penal charges	Rs. 150 + Taxes
Loan Tenure	12 months – 60 months
Duplicate No Due Certificate	Rs. 250 + taxes
Cheque Bounce charges	Rs. 750+ taxes

Documents required for Yes Personal Bank

For Salaried

Proof of Identity – Passport/Driving License/Voter ID/ PANCard
Residence Proof – Passport/License Agreement
Last 6 months bank statement and updated passbook
Salary slips for 3 months
Duly filled application form along with recent photograph

For Self-employed

KYC Documents – Proof of Identity, Address Proof, DOB Proof
IT Returns for the past one year
Income Proof
Last 6 months bank statement
ITR/Balance Sheet for the past three years
Proof of Residence of Ownership
Proof of business continuity

Yes bank Customer Care

Customers can reach their helpline at 1800 1200
Email Support – yestouch@yesbank.in

How to Apply for a Loan at Yes Bank?

Get your loan approved in 4 simple steps,

Visit https://www.fincover.com/banking/loan/personal/ and select Yes Bank
Enter all the required information as requested and Submit your personal loan application
Check if your personal loan is approved
If approved and verified, the loan will disbursed in few days

Personal Loans by Bank

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How to check the status of Yes Bank Personal Loan

Applicant can check with the application reference number on bank’s portal if they have applied on the bank website. If they applied through Fincover, you can login and check the status of your loan.

How long does it take to process a Yes Bank Personal Loan?

Once all the documents are submitted, the loan usually takes 3-4 days from the submission date for approval. Once approved, the loan gets credited to your account within few hours after your consent

Does Yes Bank offer personal loan in floating interest rate?

No, yes bank offers personal loan only in fixed interest rate

Do I need to provide any guarantor signature while applying for a personal loan?

Yes Bank does not ask for any guarantor or collateral for personal loans

Does Yes Bank charge the same interest for everyone for personal loans?

No, the interest rates for Personal Loan start from 10.99. It depends on a lot of factors such as your credit score, monthly income, repayment capability.