| Interest rate | 10.99% p.a. |
| Loan amount | Depends on the outstanding amount |
| Repayment period | Up to 5 years |
Personal Loan Balance Transfer to Yes Bank
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Get up to ₹50 Lakhs starting at 9.98%
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How Can I Apply for a Personal Loan Online?
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Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Yes Bank Personal Loan Balance Transfer Highlights
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:
|
| Part prepayment Charges | 2% + taxes |
| Part prepayment allowed | Allowed post repayment of 12 EMIs
|
| 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.
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.
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Yes Bank Personal Loan Balance Transfer Documents Required
How Can I Apply for a Personal Loan Online?
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Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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