Yes Bank personal loan comes with a high loan amount up to Rs. 50 lakhs. Yes Bank personal loan interest rates starting at 12.49 percent per annum. The bank offers these collateral-free loans to both salaried and self-employed persons to cover a variety of personal costs. To learn more about the Yes Bank personal loan, read this article.
Yes Bank Personal Loan Features
Unsecured Loan: There is no need to put up any collateral to obtain the loan. Flexible Payback Options: You have the option of choosing a loan repayment term of up to 5 years, depending on your needs. You can also compare EMI payouts for various tenures and select the one that best suits your needs. Quick Approval: The Yes Bank mPower Bot can approve your loan application in principle in one minute. The bank will confirm its decision within 5 working days after receiving your application documents after you have submitted them. Yes Bank personal loans can be disbursed in as little as a few hours after your loan application has been processed and approved. Competitive Interest Rates: The Yes Bank personal loan interest rate at 12.49 percent per annum. Online Loan Application: You can simply get a personal loan from Yes Bank by filling out an online loan application with minimal documents. Personal Loan Balance Transfer: You can transfer your high-cost personal loan to Yes Bank for a cheaper interest rate. In addition, if you require additional funds, you can take out a top-up loan on the account. Yes Bank provides doorstep banking services to its customers. For the completion of the application and paperwork processes, a representative will come to your office or home. Part Prepayment: After 12 EMI payments, you can partially prepay your personal loan. Yes Bank Personal Loan Interest Rate
The Yes Bank personal loan interest rate starts at 12.49 percent per annum. Actual personal loan interest rates may vary depending on factors such as the applicant's profile, loan amount, and other considerations.
Yes Bank presently offers four different forms of personal loans:
Yes Bank Personal Loan for Holidays: It can be used to cover a variety of expenses, including aeroplane tickets and hotel fees. Yes Bank Personal Loan for Wedding: It can be used to pay various expenses linked to jewellery, apparel, decoration, food, and other aspects of your own or a family member's wedding. Personal Loan from Yes Bank for Home Renovation: You can use it to renovate or redesign your home according to your and your family's needs. Quick Loan from Yes Bank: It's a pre-approved personal loan available to members of certain credit cards. It is known for quick disbursement and can be utilised for a variety of things, including travel, house renovations, medical costs, and so on. Criteria for Eligibility
Individuals who are salaried or self-employed can apply for a personal loan from Yes Bank if they meet the following main criteria:
Salaried Personnel
Yes Bank personal loans are available to salaried employees aged 22 to 60 having a monthly income of Rs. 18,000 or more.
Other important elements that may affect your qualifying for a Yes Bank personal loan include:
Score and history of credit Monthly Earnings EMIs that have already been paid and other ongoing costs A long history of stable employment Living at the current address for a period of time Whether you live in a rented, owned, or mortgaged home Relationship with the bank Self-Employed
Yes Bank requires self-employed candidates to be 22 years old to apply for a personal loan. Apart from the aforementioned characteristics, the following are other elements that affect the eligibility of self-employed individuals seeking for a Yes Bank personal loan:
The current business registration certificate or an equivalent document attests to the business's stability. Certified account statements/P&L statements, etc. show a consistent income history. Documents Needed to Apply for a Loan
The following are some of the most typical documents needed to apply for a personal loan with Yes Bank:
Completed application form Identity proof (passport, Aadhaar, driver's license, voter's ID) Address proof is required. For Salaried, a certain document is required:
Salary Slip/Salary Certificate of a salaried applicant as proof of income Proof of employment - Company letterhead signed and stamped certifying employment time for salaried employees. For Self-Employed, a certain document is required:
Proof of Income: Certified P&L Statements or Acknowledged Income Tax Returns/Bank Statements. Proof of Business - A business registration certificate or a similar document is required as proof of business. Yes Bank personal loan ranging from Rs 1 lakh to Rs 20 lakhs to help you deal with any financial emergency, such as a medical issue, house renovation, vacation, further education, and so on. Yes Bank's personal loan has a term of 12 to 60 months and can be applied for both online and offline, depending on your preference. Customer service lines for Yes Bank Personal Loans are:
1800-1200 (Toll Free) and +91-22-6121-9000
Email:You can send an email to Yes Bank atyestouch@yesbank.in SMS:You can also send an SMS ‘HELP’ space to +91 9552220020Yes Bank Personal Loan Customer Care Numbers For NRIs
From Outside India
+91 22 3099 3600
USA/Canada
1877 659 8044
UK
808 178 5133
UAE
8000 3570 3089
Conclusion:
Lastly, applying for a Yes Bank personal loan is much easier with Afinoz as it facilitates you to get low Yes Bank personal loan interest rate. As mentioned above in case of any query or complain you can use the Yes Bank personal loan customer care number.
About the Author
I am a Seo executive currently works at Afinoz Digitalizing Finance.
