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