About Yes Bank Personal Loan

Considered the fourth largest private banking establishment in India, Yes Bank was founded in the year 2004. As of December 2017, Yes Bank had 1724 ATMs, 1050 branches and employed more than 20,000 people all over India. It is headquartered in Mumbai and offers a wide range of retail loans, including personal loans to the interested borrowers.

Yes Bank provides tailor-made personal loan solutions to help people meet their immediate financial needs. These personal loans can be short or medium term unsecured loans that don’t require any guarantor or collateral. Their Personal Loan for Holiday enables you to tick that dream destination off your bucket list, while the Personal Loan for Wedding helps you meet all major wedding expenses. They also offer a Personal Loan for Home Renovation that helps you with funds to make your home more appealing and livable. Following are more details regarding Yes Bank personal loan eligibility criteria, features and charges.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

Yes Bank offers personal loan to both salaried and self-employed individuals earning regular income. You should be between 22 and 58 years in age and your monthly income should be a minimum of INR 25,000. Other than that, you must have at least two years’ work experience and should have been employed with your current employer for the last six months. Following are the exact updated details regarding Yes Bank personal loan eligibility criteria.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

Yes Bank Personal Loan Features / Details

Yes Bank offers personal loans ranging from INR 1 lakh to INR 25 lakh at highly competitive rates. The repayment tenure can range from 12 to 16 months, ensuring that the borrowers are able to repay the loan amount as per their convenience. There is no need of providing any collateral, guarantor of security while availing Yes Bank personal loan. The bank promises quick processing of applications and the funds are disbursed in a matter of few hours after loan processing. You are also free to transfer any high interest rate personal loan to Yes Bank, at a lower interest rate. Below you will find the precise and up-to-date details regarding Yes Bank personal loan features.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Yes Bank Personal Loan Fees / Charges

Yes Bank charges up to 2.5% of the approved personal loan amount or INR 999 (plus GST), whichever is lower, as processing fee. Part payment of the loan is allowed after you have paid 12 EMIs and there are specific charges applicable on such part payment. You can find up-to-date details on various Yes Bank personal loan fees/charges like foreclosure charge, no objection certificate charge, no dues certificate charge, late payment fee, cheque swapping charge, loan cancellation charge, statement of account charge, legal charges and various other charges below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees