Yes Bank Personal Loan: Many people apply for personal loan in different banks but there are many reasons due to which many people are not able to get the loan. And the biggest reason is that the person completes the application process without checking his eligibility and without knowing the complete information.
If you want a personal loan, first you have to get complete information and then apply for the loan. As soon as you complete the application process, your application form will be checked by Yes Bank officials and then after getting the approval, you will be provided with the personal loan amount.
Yes Bank Personal Loan
Most people take personal loans to fulfill their personal needs, similarly you can also take the same. Yes Bank provides a personal loan of up to a maximum of Rs 40 lakh. On applying for the same loan, how much loan you will get will depend on your eligibility. The bank interest rate will also be charged on the loan amount.
The interest rate of personal loan of this bank starts from 10.99 percent per annum. The processing fee is up to 2.5%. If you apply for a loan in this bank, then you will be provided a personal loan for a period of 1 year to 5 years.
Yes Bank Personal Loan Eligibility Criteria
- To avail a personal loan, the person’s age should be between 21 years to 60 years.
- The minimum monthly income must be Rs 25,000 per month.
- You should either be working in the public sector or have a government job.
- Important documents like identity proof, income proof, employment proof must also be available.
Yes Bank Personal Loan Interest Rates & Charges
| Type of Fee | Amount/Rate |
|---|---|
| interest rate | 10.25% – 16.99% p.a. |
| Processing Fees | 2% – 2.5% of loan amount (GST extra) |
| Late Payment Charges | 2% extra on monthly EMI |
| Prepayment / Foreclosure Charges | 2% – 4% (on balance amount) depending on loan tenure |
| Check Bounce Charges | ₹500 per bounced cheque |
Benefits of Yes Bank Personal Loan
- Fast loan approval:
If your documents are complete and correct, the loan application can be approved within 24-48 hours. - Loan without any guarantee:
Yes Bank personal loan is completely unsecured. You do not need to mortgage your property for this. - Flexible EMI Plans:
You can choose to repay the EMIs over a tenure of 12 to 60 months as per your convenience. - No hidden charges:
All fees and terms and conditions are made clear during the application process itself. - Multiple Uses:
Be it wedding, education expenses, foreign travel, medical bills, or home renovation, you can use the loan for any personal need.
How to calculate EMI? (EMI Calculation)
The EMI calculator is available on the official website of Yes Bank . All you need to do is enter the following details:
- Loan amount (between ₹1,00,000 to ₹40,00,000).
- Interest Rate (10.25% – 16.99% p.a.).
- Loan tenure (12-60 months).
Example:
If you have taken a loan of ₹5,00,000 for 3 years (36 months) at 12% interest rate, your EMI will be:
- ₹16,607 per month
Yes Bank Personal Loan
- To take a personal loan from Yes Bank, first of all, keep your documents with you and open the official website of Yes Bank and click on the Apply Now option.
- Now when the application form opens, you will be asked for the required information, so you have to enter it and select the required information.
- After this work is completed, if any documents are to be uploaded then they too have to be uploaded.
- After doing this, the Yes Bank application form has to be submitted finally and by doing this, your application will be done.
- Now the officials working in Yes Bank will contact you and then when your verification is complete and you are found eligible, then you will be provided with a loan.
Yes Bank Personal Loan is a great option for those who need funds without any guarantee. Its fast processing, flexible tenure, and favorable interest rates make it an attractive option. However, you should take note of the prepayment charges and processing fees. If you are able to pay the EMIs on time and have a good credit score, then this loan may prove to be suitable for you.
conclusion
Yes Bank is considered a good bank in terms of Personal Loan. You will now definitely be able to apply for a personal loan in this bank by adopting the online method, however, if you face any problem in applying, then please tell us by commenting, we will help you, and also share this article with your other friends and brothers.