Yes Bank Personal Loan: Eligibility, Interest Rate & Apply Online

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  • Loan Amount: Upto Rs. 20 lakh
  • Processing Fees: Upto 2.50%

Apply for Personal Loan Starting From 10.50%*

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 19/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 19/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :19/01/2020

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हिंदी में पढ़े
Updated: 17-01-2020 10:29:21 AM

Yes Bank personal loan is among the most convenient ways to avail cash. This top lender offers personal loans ranging from Rs. 1 lakh to Rs. 40 lakh at a competitive rate of interest and with flexible loan tenure. Personal loan offers by Yes typically feature repayment tenure ranging from 12 to 60 months, thereby not putting pressure on your monthly budget.

 

Features of Yes Bank Personal Loan

  • Unsecured Loan: No need to pledge any collateral in order to secure the loan amount.
  • Flexible Repayment Options: You can choose loan repayment tenure of up to 5 years as per your convenience. You can also check the EMI payout for different tenure and choose the combination best suited to your requirements.
  • Quick Approval: You can use Yes Bank mPower Bot for 1-minute in-principle approval of your loan application. Subsequent to submission of documents, the bank will confirm its decision within 5 working days from the receipt of your application documents.
  • Speedy Disbursal: Yes Bank personal loan may be disbursed within short a time period as a few hours after your loan application is processed and sanctioned. Please note that the loan is instantaneously disbursed in case of any emergency, such as medical payments.
  • Competitive Interest Rate: Yes Bank personal loan interest rate of 10.75% p.a. onwards
  • Online Application: You can easily avail Yes Bank personal loan using the online loan application service with minimal documentation.
  • Personal Loan Balance Transfer: You can transfer your high-cost personal loan from another bank or NBFC to Yes Bank at a lower interest rate. Moreover, you can avail a top up loan on the same if you need to access additional funds.
  • Doorstep Banking: Yes Bank offers doorstep banking services. A representative will visit your office or home for completion of application and documentation processes.
  • Part Pre-payment: You can partly pre-pay your personal loan after making 12 EMI payouts.

Yes Bank Personal Loan Interest Rate

The rate of interest for Yes Bank personal loan starts from 10.75% p.a. The actual interest rate on personal loans offered to an applicant by Yes tends to vary based on individual applicant profile.

Types of Yes Bank Personal Loan Products

Type of Personal LoanInterest Rate (p.a.)
Personal Loan for HolidayStarting at 10.75% p.a.
Personal Loan for Wedding
Personal Loan for Home Renovation
Quick Loan
1. Yes Bank’s Personal Loan for Holiday
  • You can plan your dream holiday with Yes Bank’s personal loan for holiday.
  • The amount disbursed can be used to cover a variety of expenses including flight tickets, sightseeing expenses and hotel expenses.
  • Yes Bank travel personal loan can also be used to cover your travel accessories expenditures depending on the loan size.
2. Yes Bank’s Personal Loan for Wedding
  • Yes Bank’s personal loan for wedding can be availed to cover expenses incurred for your wedding or that of a family member. This personal loan from Yes Bank comes with quick disbursal and covers various wedding expenses.
  • You can also cover the costs associated with jewelry, clothing, decoration and catering using the amount disbursed from this loan.
3. Yes Bank’s Personal Loan for Home Renovation
  • You can renovate or redecorate your house with Yes Bank’s personal loan for home renovation.
  • Yes Bank offers customized personal loan for home renovation as per your and your family’s needs.
4. Yes Bank’s Quick Loan
  • Yes Bank offers the Quick Loan to select credit card members. Having a credit card with Yes is mandatory to avail this personal loan and this is an invite-only loan option.
  • Quick loan is a pre-approved loan with immediate disbursal with zero additional paperwork required. This makes the loan ideal for immediate fund requirements.
  • Quick Loan from Yes can be used for multiple purposes such as travel, home renovation, medical expenses, etc.

Eligibility Criteria

Both salaried and self-employed individuals can apply for a personal loan from Yes Bank subject to the key eligibility conditions as mentioned below:

For Salaried

A salaried employee aged 21 to 60 years with a minimum monthly income of Rs. 18,000 can apply for Yes Bank personal loan. Other key factors that may impact eligibility for a personal loan from Yes Bank include:

  • Credit Score and credit history
  • Monthly Income
  • Pre-existing EMIs and other recurring expenses
  • Stable employment history
  • Period spent living at the current residence
  • Whether the place of residence is rented, owned or mortgaged
  • Prior relationship with bank

For Self-Employed

For self-employed applicants, the minimum age to apply for a personal loan from Yes Bank is 21 years. Apart from the factors mentioned above, additional factors affecting the eligibility of self-employed individuals applying for Yes Bank personal loan are as follows:

  • Business stability proven by current business registration certificate or equivalent document
  • Stable income history proven by certified account statements/P&L statement, etc.

Documents Required for Loan Application

The common documents required to apply for a personal loan with Yes Bank include the following:

  • Duly filled application form
  • Proof of identity (passport, Aadhaar card, driving license, voter’s ID)
  • Proof of address

Specific document required for Salaried:

  • Proof of income – Salary Slip/Salary Certificate of salaried applicant
  • Proof of employment – Signed and stamped company letterhead certifying employment period for salaried

Specific document required for Self-Employed:

  • Proof of Income – Certified P&L statement or acknowledged IT returns/Bank Statements
  • Proof of Business – Business registration certificate or equivalent

Note: Additional documents may be required depending on the applicant’s profile.

How to Apply for Yes Bank PL with Paisabazaar?

For Salaried A salaried employee aged 21 to 60 years with a minimum monthly income of Rs. 18,000 can apply for Yes Bank personal loan. Other key factors that may impact eligibility for a personal loan from Yes Bank include:  Credit Score and credit history  Monthly Income  Pre-existing EMIs and other recurring expenses  Stable employment history  Period spent living at the current residence  Whether the place of residence is rented, owned or mortgaged  Prior relationship with bank For Self-Employed For self-employed applicants, the minimum age to apply for a personal loan from Yes Bank is 21 years. Apart from the factors mentioned above, additional factors affecting the eligibility of self-employed individuals applying for Yes Bank personal loan are as follows:  Business stability proven by current business registration certificate or equivalent document  Stable income history proven by certified account statements/P&L statement, etc. Documents Required for Loan Application The common documents required to apply for a personal loan with Yes Bank include the following:  Duly filled application form  Proof of identity (passport, Aadhaar card, driving license, voter’s ID)  Proof of address Specific document required for Salaried:  Proof of income – Salary Slip/Salary Certificate of salaried applicant  Proof of employment – Signed and stamped company letterhead certifying employment period for salaried Specific document required for Self-Employed:  Proof of Income - Certified P&L statement or acknowledged IT returns/Bank Statements  Proof of Business - Business registration certificate or equivalent Note: Additional documents may be required depending on the applicant’s profile. How to Apply for Yes Bank PL with Paisabazaar

Compare and apply for the best personal loan offer in just 4 simple steps using the Paisabazaar platform.

Step 1: Fill out your personal details namely required loan amount, occupation type, monthly income, current city, etc. in the form given at the top of this page and click proceed.

Step 2: Fill out your company details, work experience and PAN to view the best suited personal loan offers for you.

Step 3: Personal loan offers from multiple prospective lenders will be displayed as per your chances of approval. Select the most suitable offer.

Step 4: Get instant conditional e-approval from the lender on selection of your chosen lender. Subsequently our customer team will guide you through the rest of the loan processing and disbursal.

Personal Loan Verification Process

Personal loan verification process generally involves the following steps:

  1. Verification Call– After you submit your online loan application on Paisabazaar, your application is forwarded to the lender. A representative of the lender will then call you to verify details of your application and arrange pick-up of documents.
  2. Document Collection– Bank sends a representative to collect the required documents.
  3. Document Verification– The submitted documents will subsequently be verified by the bank.
  4. Loan Approval– Successful document verification leads to approval of the loan.
  5. Loan Disbursal– The loan amount is disbursed usually with 48 hours after loan approval.

Check Yes Bank Personal Loan Application Status

While Yes Bank does not provide an online platform for checking your personal loan application status with Yes Bank online, you can do so by contacting Yes Bank customer care.

  • You can send an email to the bank at yestouch@yesbank.in. Remember to mention your application reference number and mobile number.
  • Alternatively, you can send a SMS ‘HELP’ space <CUST ID> to +91 9552220020.
  • If you are in India, call 1800 1200(Toll Free) or +912261219000 to seek assistance regarding your loan account
  • If you are outside India, call +912230993600or 18776598044 (USA/CANADA) or 8081785133 (UK) or 800035703089 (UAE).

Fees and Other Charges

The following are some of the key fees and charges associated with a personal loan from Yes Bank:

Loan Processing FeesUp to 2.5% of the loan amount subject to a minimum of Rs. 999 + taxes
Foreclosure Charges (allowed after 12 EMI payouts)
  •  Between 13-24 months – 4% of Principal Outstanding
  • Between 25-36 months- 3% of Principal Outstanding
  • Between 37-48 months- 2% of Principal Outstanding
  • More than 48 months- NIL
Part Pre-payment Charges (allowed after 12 EMI payouts)2% + applicable taxes on part prepayment amount repaid
Duplicate No Dues Certificate / No Objection Certificate (NOC)Rs. 250 per event
Charges for late payment of EMI24% per annum on amount outstanding from the date of default
Stamp duty and other statutory chargesAs per applicable state laws
Cheque swapping chargesRs. 750 each time + taxes
Cheque bounce chargesRs. 750 per instance + taxes
Loan cancellation*/ Rebooking chargesRs. 1000 + taxes
Legal/ incidental chargesAt actual
Duplicate repayment schedule chargesRs. 750 per instance
Statement of account chargesRs. 750 per instance

*In case of loan cancellation, both cancellation charges and interest will be borne by the customer. Cancellation is allowed within 15 days from the date of loan disbursement.

How to Login on Yes Bank Portal?

You can register and login to the Yes bank net banking portal using,

  • Your debit card details and customer ID, or
  • Your credit card details.

The following is the step-by-step procedure for the logging into the Yes Bank net banking platform:

Step 1: Go to the Yes bank online portal

Step 2: The following web page will be displayed. Enter your Login ID, password, captcha and click login.

On Yes Bank Portal, Enter your Login ID, password, captcha and click login.

Alternately, you can perform other tasks such as paying your Yes bank personal loan EMIs online without logging into your Internet banking account. The following are the steps for making EMI payment without Yes Bank portal login:

Step 1: Visit the Yes Bank portal to pay your personal loan EMI online.

Visit the Yes Bank portal to pay your personal loan EMI online.

Step 2: Enter and Re-enter your loan account number and captcha. Click “Next”.

Step 3: Enter the payment details and you will be redirected to the payment interface of your chosen bank.

Step 4: Enter your details to authenticate and complete the payment.

Step 5: Note down the transaction reference number on successful payment for your records and future reference.

Yes Bank Personal Loan Statement

Yes Bank provides its current personal loan customers with 2 options to get their personal loan statement and payment schedule as follows:

  • Online Method: You can check/download your Yes Bank personal loan statement by logging into Internet banking provided your personal loan account is linked to your online banking credentials.
  • Offline Method: In case you want to receive a physical copy of your personal loan amortization schedule/loan statement, you can visit a nearby branch/call customer care to request it. Do keep in mind that additional charges may be applicable in such cases.   

EMI Calculation

The following is a sample of monthly EMI payouts that are applicable to different loan amounts and different tenures:

Loan Amount (Rs.) and Interest Rate

Monthly EMI Payout (Rs.)

1-year loan tenure2-year loan tenure3-year loan tenure4-year loan tenure5-year loan tenure
2 lakh @ 11% p.a.17,6769,3216,5475,1694,384
15 lakh @ 14% p.a.1,34,68072,01951,26640,98934,902
5 lakh @ 15% p.a.45,12924,24317,33213,91511,894

Yes Bank Personal Loan Top Up

A top-up loan refers to a loan sanctioned over and above an existing personal loan that has not been paid off in full yet. Not all Yes Bank customers are eligible for a top-up personal loan. You can contact Yes Bank customer care to know if you qualify for a Yes Bank top up loan.

Comparison of Yes Bank Personal Loan vs Other Lenders

 

Comparison Criteria

Yes BankHDFC BankCitibankICICI BankBajaj Finserv
Interest Rate10.75% onwards10.75-21.30%10.50% onwards11.25-22.00%12.99% onwards
Tenure12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountRs. 1 lakh to Rs. 40 lakhUpto Rs. 40 lakhUpto Rs. 30 lakhUpto Rs. 20 lakhUpto Rs. 25 lakh
Processing FeeUpto 2.5% of the loan amount + taxesUpto 2.50% of the loan amountUpto 3% of the loan amountUpto 2.25% of loan amount plus GSTUp to 4.13% of the loan amount (including taxes)

Yes Bank Customer Care

You can contact Yes Bank’s customer service department by phone, e-mail address, SMS or Yes Robot:

  • Phone (For India)
  • 1800 1200 (Toll Free)
  • +91 22 6121 9000 (charges applicable)
  • Phone (For Outside India)*
  • +91 22 3099 3600
  • 1877 659 8044 (USA/CANADA)
  • 808 178 5133(UK)
  • 8000 3570 3089(UAE)

*international call rates may apply

  • E-mail Address: yestouch@yesbank.in
  • SMS: Send ‘HELP’ space <CUST ID> to +91 9552220020
  •  Yes Robot: You can also use the Yes Robot, the Yes Bank chat bot (virtual assistant) in order to get in touch with a Yes Bank customer service representative.

Benefits of Applying for Personal Loan at Paisabazaar

The following are some of the key benefits of applying for a personal loan with Paisabazaar:

Benefits of Applying for Personal Loan at Paisabazaar

  • Check offers from 30+ lenders on a single platform. As a result, you need not visit multiple websites or physically visit multiple lender offices to compare the rates.
  • You can check the eligible loan amount through our platform.
  • Know the chances of approval for all the loan offers based on the proprietary algorithm – SmartMatch.
  • Calculate the personal loan EMI amount using Paisabazaar’s EMI calculator.
  • Get instant conditional e-approval after submission of your online personal loan application via our platform.
  • Paisabazaar.com is ISO 27001-2013 certified, which ensures privacy and safety of your data.

Important Aspects

Following are some of the key aspects that you should consider before applying for a personal loan Yes Bank:

  • Make sure you meet the eligibility criteria of the bank before applying.
  • Maintain a good credit score, as it is reflective of your repayment ability.
  • Check the documents required to apply for Yes bank personal loan and submit accordingly.
  • Do not make multiple loan applications at the same time, as it can lower your chances of approval as you would be perceived as a credit-hungry individual.
  • Maintain a low debt-to-income ratio, preferably less than 50%.

Frequently Asked Questions (FAQs)

Q1. What is the turnaround time for disbursal of a Yes Bank personal loan?

The turnaround time for disbursal of a Yes Bank personal loan tends to vary from one applicant to another. But, typically a personal loan application is approved within five days of receipt of application form and the required documents.

Q2. What are the different types of Yes Bank personal loan?

Yes Bank offers a variety of personal loans such as

  • Yes bank’s personal loan for wedding
  • Yes Bank’s personal loan for home renovation
  • Yes Bank Quick loan

Q3. Does Yes Bank provide pre-approved loan?

Yes Bank may offer its existing customers the option of availing pre-approved loan. Such offers are usually for a limited time-period that are generally based on the applicant’s prior relation with the bank and his/her repayment history.

Q4. Does Yes Bank offer personal loan balance transfer?

Yes, you can avail a personal loan balance transfer facility with Yes Bank. This allows you to transfer your high-cost pre-existing personal loan with some other lender to Yes Bank at a lower rate of interest. The rates and features applicable to a personal loan balance transfer offer differ from one applicant to another.

Q5. What is the maximum limit for Yes Bank personal loan?

The maximum limit for Yes Bank personal loan is Rs. 40 lakh.

Q6. What is Yes Bank personal loan interest rate?

The rate of interest applicable to a Yes Bank personal loan starts from 10.75% onwards.

Q7. What is the maximum limit for Yes Bank quick loan?

Yes bank quick loan is offered to selected credit card members. The maximum limit for this loan is generally within the credit card limit of the applicant.

Q8. Can I prepay my Yes Bank personal loan?

Yes, you can pay your Yes Bank personal loan before completion of the designated loan tenure. However, prepayment option is only available after payment of 12 EMIs and pre-payment charges of up to 4% are applicable in such cases.

Q9. Do I need collateral for a Yes Bank personal loan?

No, you need not pledge any collateral/security to avail a Yes Bank personal loan.

 Q10. What are the required documents for Yes Bank personal loan?

Following is a short list of common documents that are required to apply for Yes Bank personal loan:

  • Application form
  • Proof of identity
  • Proof of address
  • Proof of income

Additional documents that may be required will be specified by the bank at the time of application submission.

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Yes Bank Personal Loan: Eligibility, Interest Rate & Apply Online
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Jul 9 , 2019
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Paisabazaar is great

Can't even tell you how amazed I feel with the support and help I receive with Paisabazaar.

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Yes bank loan got approved

Happy that my Yes bank loan got approved without any out of the league formalities.

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Approval on the loan in such a little time

Because of Paisabazaar, I got an approval on the loan in such a little time.

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Perfect loan

The executives here helped me find a perfect loan. So glad!

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Now, I am less anxious and my financial worries are eased since my Yes bank loan got approved.

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