Calculate your Eligibility

YES Bank Personal loan Eligibility Calculator

Avail quick and easy personal loan from Yes Bank to fulfill all your emergency and personal needs.

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Eligibility Criteria for Yes Bank Personal Loans in 2024

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 Rs. 25,000

Employment Stability

Salaried: Minimum 1 year of continuous employment with the current employer; Self-employed: Minimum 2 years of business continuity

Credit Score

A good credit score, typically above 700

Loan Amount

1 lakh – 40 Lakhs

Interest rates

From 10.99%

Loan Tenure

Minimum tenure: 12 months; Maximum tenure: 60 months

Existing Relationship

Existing Yes Bank customers may receive preferential terms

Documents Required

ID proof, address proof, Salary slips, income tax returns, or bank statements, and Passport size photograp

Processing Fee

Upto 2% of the loan amount

Repayment History

A good repayment history with no defaults or late payments on existing loans

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
The repayment tenure for Yes Bank Personal Loans ranges from 12 months to 72 months
Yes, you can foreclose or make part payments towards the loan after completion of 12 EMIs as per the schedule
Defaulting on repayment towards personal loan may affect your credit score and creditworthiness. Getting loans in the future may be severely impacted
Yes Bank aims for a quick disbursal process, with funds usually credited within a few working days after loan approval.
Yes, Yes Bank provides an online tracking facility, allowing applicants to monitor the status of their personal loan applications conveniently.
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