Personal Loan Balance Transfer to Yes Bank

Yes Bank Personal Loan Balance Transfer Highlights
Interest rate	10.99% p.a.
Loan amount	Depends on the outstanding amount
Repayment period	Up to 5 years

Interest rates as of 4th March 2024

Yes Bank Personal Loan Balance Transfer Interest Rate

Yes Bank has not disclosed the personal loan interest rates it offers for personal loan balance transfer. However, Yes Bank Personal Loan Interest Rate for fresh borrowers start from 10.99% p.a. The final interest rates offered to the applicants of balance transfer of Yes Bank Personal Loan may vary based on the credit score, monthly income, job profile, etc.

Also Read: How you can build or rebuild your credit score with  Step UP Credit Card co-branded with SBM Bank India Ltd.

Yes Bank Personal Loan Balance Transfer Fees and Charges

Foreclosure and prepayment charges 

Foreclosure Charges-Full prepayment charges	Allowed post repayment of 12 EMIs Charges after 12 months: 13-24 months- 4% of principal outstanding 25-36 months- 3% of principal outstanding 37-48 months- 2% of principal outstanding more than 48 months- NIL
Part prepayment Charges	2% + taxes
Part prepayment allowed	Allowed post repayment of 12 EMIs 13-24 months- 20% of principal outstanding 25-36 months- 20% of principal outstanding 37-48 months- 25% of principal outstanding more than 48 months- 25% of principal outstanding
Part prepayment or foreclosure is not allowed up to payment of	12 EMIs

Other fees and charges

Duplicate No Due Certificate/No Objection Certificate	Rs 250 per statement
Duplicate statement of account charges	RS 750 per statement
Penal Interest	24% p.a.
Stamp Duty and other Statutory Charges	As applicable
Cheque/SI/ECS/NACH swapping charges	Rs 750
Cheque/SI/ECS Dishonour Charges	Rs 750
Loan cancellation and rebooking charges	Rs 1,000 + tax
Statement of account charges	Rs 750
Legal/Incidental/Collection Charges	At actuals
Duplicate Repayment Schedule	Rs 750
NeSL fee per loan/debt record of borrower per year	Rs 25
NeSL Annual Renewal Fee per loan/debt record of a borrower	NIL

Yes Bank Personal Loan Balance Transfer Eligibility Criteria

The bank has not disclosed the eligibility criteria either for Yes Bank Personal Loan Balance Transfer or for other Yes Bank Personal Loan schemes.

However, it has stated the information that personal loan applicants are required to fill based on which the lender may check the personal loan eligibility of its personal loan applicants.

• Age
• Monthly income
• Other recurring monthly expenses including current EMIs
• Employer
• Employer history; years at current job
• Time spend living at current residence (whether rented, owned or mortgaged)

Additionally, YES Bank might also factor in the credit score of personal loan applicants, just like most lenders do while evaluating the personal loan eligibility of their loan applicants.

Yes Bank Personal Loan Balance Transfer Documents Required

• Application form
• Identity proof (passport, driving license, Aadhar card, voter ID)
• Address proof
• Income Proof –salary slips for last 3 months

Frequently Asked Questions

1. Where can I contact the customer care of Yes Bank?

Toll Free Number	1800 2000
Other Contact Number	+91 22 6121 9000
Email	yestouch@yesbank.in
SMS	SMS ‘HELP’ space <CUST ID>
Missed Call	+91 92233 90909

2. What is the interest rate of Yes Bank Personal Loan?

Ans. Yes Bank offers an interest rate of as low as 10.99%.

3. How can I apply for Yes Bank Personal Loan offline?

Ans. You can visit the nearest branch of the bank to apply for a personal loan offline.

4. What if I wish to prepay my Yes Bank Personal Loan?

Ans. Yes, you can prepay your personal loan after paying the 12^th EMI. You will have to make the prepayment along with the applicable charges.

5. What is the tenure to repay Yes Bank Personal Loan?

Ans. The tenure to repay Yes Bank personal loan varies from 12 to 60 months.

6. Can I prepay my Yes Bank Personal Loan?

Ans. Yes, you can prepay your Yes Bank personal loan any time after the 12^th EMI along with the applicable prepayment charges.

7. How do I get in touch with the customer care of Yes Bank?

Toll Free Number	1800 2000
Other Contact Number	+91 22 6121 9000
Email	yestouch@yesbank.in
SMS	SMS ‘HELP’ space <CUST ID>
Missed Call	+91 92233 90909