YES Bank is one of the leading banks in India that offers a variety of personal loan options to its customers. In this article, we will take a look at the interest rates, features and repayment options of YES Bank personal loans so that you can make an informed decision about whether this is the right loan for you.
YES Bank Personal Loan Highlights
|Interest Rate||Starting at 10.99% p.a.|
|Loan Amount||Up to Rs 40 lakh|
|Tenure||Up to 5 years|
|Collateral||No collateral required|
YES Bank Personal Loan
Yes Bank personal loan is an unsecured loan that provides financial assistance to salaried individuals. It offers a loan amount of up to Rs. 40 lakh at competitive interest rates. You can use the loan amount for various purposes such as wedding expenses, home renovation, medical emergencies, etc. The repayment tenure for this loan is flexible, ranging from 12 to 60 months.
Yes Bank provides personal loans at attractive interest rates starting from 10.99% p.a. The processing fee charged by the bank is 2% of the loan amount plus GST. There are no hidden charges or prepayment penalties associated with this loan. You can easily apply for a Yes Bank Personal Loan online through the bank’s website.
YES Bank Personal Loan Interest Rate 2022
Yes Bank offers home loans at interest rates starting from 10.99% p.a. These interest rates depend on several factors like the credit score of the applicants, profile of the employer, business profile etc. However, it’s important to remember that the interest rate is only one factor to consider when taking out a personal loan. You should also compare things like repayment terms, fees, and eligibility criteria before making a decision.
Read also – PNB Gold Loan
YES Bank Personal Loan EMI Calculator
If you are planning to apply for a YES Bank Personal Loan, it is important to know about the Equated Monthly Installment (EMI) that you will have to pay. You can use an EMI calculator to calculate your monthly instalment amount.
An EMI calculator takes into account the loan amount, interest rate and tenure of the loan to give you an estimate of the monthly instalment amount. This will help you plan your finances better and make informed decisions.
To use the EMI calculator, simply enter the loan amount, interest rate and tenure of the loan. The calculator will give you an estimate of the monthly instalment amount. You can also use the calculator to compare different loan options and choose the one that best suits your needs.
Types of YES Bank Personal Loan
There are a few different types of YES Bank personal loans that you can choose from depending on your needs. Here are some of the most popular options:
1. Personal Loan For Wedding
When it comes to wedding planning, there are a lot of expenses that can add up quickly. From the engagement ring to the catering and everything in between, it’s easy to see how costs can get out of control. That’s where a YES Bank wedding loan can help.
A YES Bank wedding loan can be used to finance various expenses related to your big day, including the cost of jewellery, catering, clothing and decoration. This can help you stay within your budget and avoid going into debt to pay for your wedding.
2. Personal Loan For Home Renovation
Making some changes to your home can be a great way to breathe new life into it. Whether you’re looking to redecorate, refurbish, or renovate, a personal loan from YES Bank can help make your vision a reality.
With competitive rates and flexible repayment options, a YES Bank personal loan can give you the financial boost you need to get started on your home renovation project. Plus, there’s no need to put your home up as collateral, so you can keep your equity intact.
3. Personal Loan For Holiday
Are you planning a vacation but worried about the high costs? YES Bank has a personal loan scheme that can help you cover your travel expenses, including flight tickets, hotel charges, and even travel accessories. With competitive interest rates and flexible repayment options, a YES Bank personal loan can make your dream vacation a reality.
4. Balance Transfer
Yes Bank offers one of the lowest interest rates for personal loan balance transfers. This makes it an attractive option for those who are looking to save on their personal loan EMIs.
YES Bank Personal Loan Eligibility
To be eligible for a personal loan from YES Bank, you’ll need to meet the following criteria:
- You must be an Indian citizen
- You must be aged 21 years or above
- You must have a regular income source
- You must have a good credit score
- Employer history- years at current job
- Time spend living at current residence (whether rented, owned or mortgaged)
Documents Required For YES Bank Personal Loan
When you apply for a YES Bank Personal Loan, you will need to submit certain documents to the bank for verification. These documents are required so that the bank can verify your identity, income, and creditworthiness. The following is a list of documents that you may need to provide:
- Proof of identity: You will need to submit a valid government-issued photo ID, such as a passport or driver’s license.
- Proof of income: The bank will require documentation of your income, such as Salary slips for the last 2-3 months or ITR for the last 2 years. This is used to determine your ability to repay the loan.
- Bank statements: The bank will request copies of your recent 6 months’ bank statements to verify your financial history.
- Application form & Passport size photograph.
- Existing loan details
How to Apply for YES Bank Personal Loan?
If you are looking for a personal loan from YES Bank, here is a step-by-step guide on how to apply:
- Log onto the YES Bank website and navigate to the ‘Personal Loan’ page.
- Fill in the required details such as your name, mobile number, email id, city, annual income and the loan amount you require.
- Click on ‘Apply Now’.
- You will be redirected to the online application form which has to be filled in with your personal, employment and financial details.
- Once you have filled in all the required details, click on ‘Submit’.
- A representative from YES Bank will get in touch with you shortly to discuss your loan application further.
YES Bank Personal Loan Customer Care
If you’re a YES Bank Personal Loan customer, you can contact customer care for any issues or questions you may have. Customer care is available 24/7, and you can reach them by phone, email, or live chat. You can also find answers to many common questions on the YES Bank Personal Loan website.
|Toll-free number||1800 1200|
|SMS support||+91 9552220020|
Read Also – Central Bank Of India Home Loan Review
Q. What is the interest rate on a YES Bank personal loan?
Ans. The interest rate on a YES Bank personal loan starts at 10.99% p.a.
Q. How much loan amount can I avail with YES Bank Personal Loan?
Ans. The minimum loan amount you can avail of with YES Bank Personal Loan is Rs.1 lakh and the maximum loan amount is Rs. 40 lakhs. The actual amount you can get will depend on your income and repayment capacity.
Q. What is the repayment tenure for YES Bank Personal Loan?
Ans. The repayment tenure for YES Bank Personal Loan ranges from 12 to 60 months. You can choose a tenure that suits your repayment ability.
Q. How do I apply for a YES Bank Personal Loan?
Ans. You can easily apply for a YES Bank Personal Loan online through the bank’s website or by visiting any of the bank’s branches.
All in all, a YES Bank Personal Loan is a good option if you are looking for a personal loan with competitive interest rates and terms. However, be sure to do your research and compare different lenders before making a final decision to ensure that you are getting the best possible deal.