YES Bank Personal Loan

Online in 1 Day* @10.45%

 

Quikkloan offers a free service and therefore, we do not charge any fee from customers

√ YES Bank Instant Personal Loan Online Approval

√ 100% Online Process

√ No Hidden Charges

√ Minimum Documentation Process

 

 

 

 

Check Your Eligibility in |
personal Loan

How it Works!

Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.

  Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years

  Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque

  Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

YES Bank Personal Loan

With YES Bank all your financial desires can easily be fulfilled as the bank is here to cater all. The lender provides personal loan for a loan amount of up to Rs.40 lakh at an attractive interest rate of 10.99%. This loan can be availed for a tenure of up to 5 years at a processing fee of up to 2.50% of the loan amount. Before providing the loan, the first step that the bank will do is to check the eligibility of a borrower on many factors like-age, income, monthly expenses, current financial liability, employer type, employment history, etc. Make sure you meet the required eligibility criteria for a hassle-free personal loan journey. Do not forget to keep your documents ready and maintain a good cibil score to enhance your chances of YES Bank personal loan approval.

 

YES Personal Loan Interest Rates

 

Particulars

Details

Interest Rates

Starting at 10.99% per annum

Loan Amount

Rs.1lakh-40 Lakh

Tenure

1-5 Years (12-60 Months)

Processing Fee

Up to 2.50% of the loan amount subject to a minimum of Rs. 999+GST

Employment Type

Salaried

Cibil/Credit Score

Above 700 (out of 900)

Foreclosure Charges

2%

Pre PartPayment Charges

2% on part payment amount paid+GST

Charges for late payment of EMI

24% per annum on the amount outstanding from the date of default

 

Documents Required For Personal Loan

Mentioned are the personal loan documents for salaried and self-employed.

Complete Online Application

Fillup the Online loan Application in just 2 minutes

Provide Identity Proof

Voter id/ Passport/ Driving License / Aadhaar Card

Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

Bank Statement

Latest 3 Months Bank Statement or Passbook

Income Proof

For Salaried – Latest 3-month Salary Slip

                    For Self Employed –  ITR and Current Bank Statement of 3 months

Why Choose YES Personal Loan

There are several reasons to choose Personal Loan from YES Bank

Quick Disbursal

Attractive Interest Rates

Attractive Interest Rates

Flexible Loan Tenures

Minimal Documentation

Multi-purpose Loan

No Collateral/Security 

 

How to Apply for YES Personal Loan ?

A borrower can simply apply online to get a personal loan instantly. The online process is simple and quick hence allows you to avail the loan without any hassle. When it comes to applying online, Quikkloan is the best marketplace for the same. This digital lender with its easy process helps you in every possible way. Soon after checking your eligibility and doing the credit assessment, the company directs your loan application to the lender. Hence provides instant approval and fastest loan disbursal so that you can get personal loan Yes Bank smoothly.

 

 

From Where to Apply for an Instant Personal Loan YES Bank Online

Quikkloan is an ideal online marketplace to Apply For 

 

Let’s just take an example and try to understand the calculation for a loan amount of Rs.5 lakh taken for a tenure of 5 years at an interest rate of 11.25% per annum.  

 

 

Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

 

Loan Amount (in Rs.)

Interest Rate(per annum)

Tenure (in Years)

EMI (in Rs.)

Total Interest Amount(in Rs.)

Total Amount=Principal +Interest (in Rs.)

15,00,000

12%

1

1,33,273

99,278

15,99,278

15,00,000

12%

2

70,610

1,94,645

16,94,645

15,00,000

12%

3

49,821

2,93,573

17,93,573

15,00,000

12%

4

39,501

3,96,036

18,96,036

15,00,000

12%

5

33,367

5,02,000

20,02,000

 

Table Showing Principal, Interest, and Balance Amount

Year

Principal (in Rs.)

Interest(in Rs.)

Balance Amount(in Rs.)

1

2,32,935

1,67,465

12,67,064

2

2,62,477

1,37,923

10,04,587

3

2,95,766

1,04,634

7,08,821

4

3,33,276

67,123

3,75,544

5

3,75,874

24,856

0

Feature & Benefit Of Yes Bank Personal Loan

No Collateral: No need to submit any sort of collateral to the bank while availing a personal loan online. 

Flexible Repayment Options: The bank allows the borrowers to choose the tenure as per their repayment capacity. With flexible loan tenure options of up to 5 years, one can choose a repayment schedule that suits him/her the best.

1-minute in-principle Approval: A borrower can check his eligibility for a YES Bank personal loan in 60 seconds or less by using the personal loan eligibility calculator. Also, a YES bank mPower Bot for 1-minute in-principle loan approval can be used for the same purpose.

Quick Disbursal: Soon after your YES bank personal loan has been processed and sanctioned, the funds will be disbursed quickly in your bank accounts. With fastest disbursals, it would be easy for you to use the money instantly to fulfill your varied needs. 

Lowest Interest Rates: Don’t know YES Bank personal loan interest rate. The answer is here. The bank offers the lowest interest rates to the borrowers just to ease their loan burden. With interest rates starting at 10.99%, it would be easy to repay the loan. 

Easy to Apply Online: The online applying process is really easy. You just need to follow some simple steps and within a few minutes along with basic documentation, you would be able to apply online for a personal loan.  

Speedy Approval: Soon after meeting the required eligibility criteria, it would be easy for a borrower to expect the fastest approval. Yes, the lender gives speedy approval to eligible borrowers and helps in meeting plenty of needs.  

Transfer Existing Loan: A borrower can opt for a YES bank personal loan balance transfer to reap the maximum benefits. Transfer your high-cost existing personal loan from another bank to YES bank and reduce your loan repayment burden.

Top up Facility: The bank also allows you to enjoy the benefits of top-up, wherein an additional fund will be added to the threshold limit. With YES Bank personal loan top up details, you can have the extra funds by your side, thus you can easily meet your multiple needs without thinking about the money. 

Doorstep Service: To make your personal loan journey convenient and full of comfort, YES Bank offers doorstep services. With the help of the same, the bank representative will pay a visit to your home or office for the completion of the loan process. The representatives will ensure that documentation will be done properly so that you can enjoy a hassle-free personal loan journey.

Net Banking & Mobile Banking Facilities: With many amazing facilities such as net and mobile banking, it would be easy to always manage your personal loan, track the transactions. Hence, you can have easy access to your loan on the go.

YES Bank Personal Loan Processing Fee & Charges: The lender provides a personal loan to the applicants with a one-time processing fee. This fee is non-refundable and is charged at the time of loan sanctioning. For a YES bank personal loan, a borrower needs to pay a processing fee of up to 2.50% of the loan amount along with GST.  

YES Bank Personal loan Part Payment Optio: In case you have a lump sum amount and are looking to reduce your loan repayment burden, YES Bank with its part payment facility allows you to do that. With the help of the same, you can pay a big chunk of the principal amount,which in result will reduce your EMIs and overall loan burden. 

  

Type of Personal Loan

YES Bank offers a wide variety of personal loans to the borrowers, ensuring to fulfill the varied needs of all. The bank offers personal loan for:

Under this loan, all wedding costs are covered. One can take a loan for jewelry, clothing, decoration, and catering. 

 

Features and Benefits:

    • Interest rates starting from 11.25% p.a
    • Avail loan of amount up to Rs. 20 lakh
    • Minimal documentation
    • No security/collateral required

Home renovation and home expansion expenses are easily covered under the same.

 

Features and Benefits:

  • Personal Loan rate of interest starting at 11.25%
  • Avail loan of amount up to Rs.20 lakh
  • Minimal Documentation
  • No security/collateral required
  • Quick processing and disbursal – Money gets credited into your account in 72 hours

All your travel and holiday-related expenses such as flight tickets, hotel charges, travel accessories are covered under the same.

 

Features and Benefits:

  • Interest rate starting from 11.25% p.a.*
  • Avail loan up to Rs. 20 lakh
  • Simplified documentation
  • No security/collateral required
  • Quick processing and disbursal.

 

NRIs can also avail a personal loan without any hassle as ICICI offers NRI Personal loan with instant approval and disbursal. 

 

Features and Benefits

  • No security/collateral required
  • Avail loan up to ₹ 10 lakh
  • Simplified documentation
  • Interest rates starting from 15.49% p.a.*
  • Applicant to be a resident Indian and the co-applicant NRI to be a close relative
  • Tenure up to 36 months
  • Quick processing and disbursal

Need extra funds to support your existing personal loan? Apply for YES Bank Top Up Personal loan online. You can either combine it with an existing personal loan or treat it as a separate loan. 

  Features and Benefits:

  • No security/collateral required
  • Simplified documentation
  • Interest rates starting from 11.25% p.a.
  • Quick processing and disbursal

Yes Bank Personal Loan Customer Care Number

To make your personal loan journey enjoyable and easy, the customer care executives are always there to help. You simply need to dial 1800 1200 (Toll-Free), +91 22 6121 9000 either from your mobile or landline. The executives will listen to your query, feedback, suggestion or complaint and ensure that your personal loan would be a smooth ride.

 

What is the rate of interest I must pay on a personal loan from YES Bank?

A loan can be availed at an attractive interest rate of 10.99% per annum. Usually, the lowest rates are available to salaried employees working with reputed companies. However, the  bank decides the rate of interest on many factors, including the age, income, employment status of the customer.

How much personal loan can I avail from YES Bank?

The amount of personal loan an individual can avail will vary on their profile, including their credit score, income, employment history, amongst other factors. YES Bank personal Loan can be availed for Rs.1 Lakh to Rs. 40 Lakh.

How much time do I have to repay the loan?

YES Bank offers flexible repayment terms for individuals, and the loan tenure for the same can vary from 12 months to 60 months.

How much time is taken for the approval of personal loan?

After submitting the completed loan documents, the loan can be approved and disbursed within 5-6 working days. However, disbursal time may differ subject to various factors.

Can I repay my personal loan earlier?

YES Bank has foreclosure facilities available with applicable charges. A borrower needs to pay 2%-4% of the principal outstanding in order to avail of the foreclosure facility. However, a borrower can avail of a foreclosure post 12 EMIs.

 

How long will it take to process my YES Bank personal loan application?

After all the documentation has been completed, the bank will give away the loan within five days of the date of receipt of application.

What can I avail a personal loan for?

A borrower can avail a YES Bank personal loan to meet any financial needs such as: holidays, weddings, home renovation, medical emergency, higher education, etc.

How can I check my YES Bank personal loan details?

You can check your YES Bank personal loan details online. Well details like-Loan Status, Statement, Related Fee & Charges, etc can easily be known online.

How can I pre close my YES Bank personal loan?

You can either fill a pre-close form or you can write an application requesting to pre-close your personal loan after 12 months. Yes, a borrower can only opt for a personal loan prepayment after repaying 12 EMIs and needs to bear the prepayments charges of up to 4% of the principal outstanding+GST. 

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