Fulfil your wishes with

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 ratesFrom 10.99% to 20%
Loan Processing ChargesUpto 2% of Loan amount + taxes
Stamp Duty*as applicable
Prepayment charges 3% of the outstanding (Plus applicable tax)
Loan cancellation chargesRs. 1000 + taxes
Legal ChargesAt Actuals
Penal chargesRs. 150 + Taxes
Loan Tenure12 months – 60 months
Duplicate No Due CertificateRs. 250 + taxes
Cheque Bounce chargesRs. 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
FAQs
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.
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
No, yes bank offers personal loan only in fixed interest rate
Yes Bank does not ask for any guarantor or collateral 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.
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