YES Bank Personal loan Eligibility Calculator
Foir Calculator
Eligibility Criteria for Yes Bank Personal Loans in 2025
| Eligibility Criteria | Details/Requirements |
|---|---|
| Age | Minimum age: 21 years, Maximum age: 60 years |
| Employment Type | Salaried individuals and self-employed |
| Minimum Income | Salaried: Monthly income of at least ₹25,000 |
| Employment Stability | Salaried: Minimum 1 year with current employer; Self-employed: Minimum 2 years in business |
| Credit Score | A good credit score, typically above 700 |
| Loan Amount | ₹1 lakh to ₹40 lakhs |
| Interest Rates | From 10.99% |
| Loan Tenure | Minimum: 12 months, Maximum: 60 months |
| Existing Relationship | Preferential terms for existing Yes Bank customers |
| Documents Required | ID proof, address proof, salary slips, ITRs or bank statements, passport-size photo |
| Processing Fee | Up to 2% of the loan amount |
| Repayment History | Good repayment history with no defaults or late payments |
Features of Personal Loan offered by Yes Bank
- No Collateral required: You do not need to provide any collateral to avail the loan
- Flexible Loan amount: With a Personal Loan EMI calculator, you can quickly calculate the repayment schedule with different parameters and choose the repayment schedule that fits you the most
- SPEEDY Approval: After all the necessary documents have been submitted and verified, Yes Bank will approve the loan will confirm its approval decision within five days from the receipt of application
- Quick Disbursal of Funds: Once your yes bank loan has been approved, funds will be transferred to your account in a matter of few hours
- Easy to apply: Since the application process is digitalized, the whole loan application process only takes a few minutes
- Part pre-payment option: If borrowers get some extra funds for a month, they have the option to choose to part pre-pay your YES Bank Personal Loan after paying 12 EMIs
- Special Offers for Existing Customers: Existing Yes Bank customers may enjoy special offers, including preferential interest rates and processing fee waivers, enhancing the overall value of the personal loan.
- Transparent Fee Structure: Yes Bank maintains transparency in its fee structure, detailing processing fees and other charges upfront, providing the borrowers knowledge beforehand
FAQs
1. What is the repayment tenure for Yes Bank Personal Loans?
The repayment tenure for Yes Bank Personal Loans ranges from 12 months to 72 months
2. Can I foreclose or make pre-payment towards the Personal Loan?
Yes, you can foreclose or make part payments towards the loan after completion of 12 EMIs as per the schedule
3. What happens if I default my Personal Loan?
Defaulting on repayment towards personal loan may affect your credit score and creditworthiness. Getting loans in the future may be severely impacted
4. How quickly can I expect the loan disbursement after approval?
Yes Bank aims for a quick disbursal process, with funds usually credited within a few working days after loan approval.
5. Can I track the status of my personal loan application online?
Yes, Yes Bank provides an online tracking facility, allowing applicants to monitor the status of their personal loan applications conveniently.
