Yes Bank Personal Loan

Interest Rate	10.75% onwards
Loan Tenure	12-60 Months
Loan Processing Charges	Up to 2.50% of the loan amount subject to a minimum of Rs. 999/- plus GST
Pre-Payment Charges	Prepayment is applicable post repayment of 12 EMIs. 2% plus GST on part prepayment amount paid.
Foreclosure Charges	13-24 months –4% of principle outstanding 25-36 months – 3% of principle outstanding 37-48 months – 2% of principle outstanding >48 months nil
Duplicate No Due Certificate/No Objection Certificate (NOC)	Rs. 250 per event
Late Payment Charges	24% per annum on amount outstanding from date of Default

YES Bank offers personal loan for the following purposes:

• Holiday – YES Bank personal loan for holiday is apt to finance your dream vacation. It covers most of the vacation expenses such as flight tickets and hotel charges. Depending upon the amount of your holiday loan, it can also cover travel accessories, among other things.
• Wedding – YES Bank personal loan for wedding ensures that your wedding costs are well covered. It is flexible enough to incorporate your various wedding expenses pertaining jewellery, clothing, decoration, catering, etc. as per your requirements.
• Home Renovation – YES Bank personal loan for home renovation can help you create your dream home with no financial constraints. Through its personal loan for home renovation, YES Bank provides you the best of plans that are custom-made to meet your home renovation requirements.

YES Bank offers personal loans ranging from Rs. 1 lakh to Rs. 25 lakhs at the most competitive interest rates. Personal loan from this bank is popular among people due to the following features and benefits:

• Requires no collateral: To get YES Bank Personal Loan, customers need not provide any security or collateral to the bank.
• Offers flexibility to choose the loan tenure: With the help of a personal loan EMI calculator, quickly determine your loan EMI and choose the loan tenure that suits you best.
• Disburses funds quickly: Once your YES Bank personal loan application gets processed, your funds get disbursed within a few hours.
• Offers attractive interest rates: YES Bank offers competitive personal loan interest rates.
• Offers part-prepayment option: If you have some extra amount of money, you can use it to part prepay your personal loan post 12 EMIs.
• Transfer your existing loan: You can also transfer your high cost Personal Loans with YES Bank at lowest interest rates. You can also avail additional funds during the process.
• Requires minimal documentation: To apply for YES Bank personal loan, you only need to submit basic documentation, thus speeding up your loan approval process.

Common set of documents required to apply for YES Bank personal loans are:

• Personal loan application form
• Proof of Identity – Such as Aadhaar card, PAN card, passport, driving license, voter ID, etc.
• Proof of Address – A valid ID proof with permanent address which is at least 1 year old.
• Proof of Age – Such as Aadhaar card, PAN, passport, birth certificate, etc.
• Proof of Income – Bank statement of salary account for the last 6 months and salary slips of the last 3 months
• Proof of Signature

Loans are at the discretion of the bank. They have an array of factors to consider before they lend money to their customers. To help you get quick loan approval, below we have listed some of the common YES Bank personal loan eligibility criteria:

• Age: The applicant, self-employed or salaried, must be between 22 and 58 years of age.
• Residence: The personal loan applicant must have stayed at the current place of residence, own or rented, for at least past 1 year.
• Work Experience: At the time of applying for YES Bank personal loan, the individual should have worked with the current employer for a minimum of 6 months.
• Income: The minimum salary that an applicant gets in hand per month must be Rs. 18,000 or above.

Besides the above listed eligibility criteria, banks might also consider your credit score, on-going financial liabilities, profession, etc. for loan approval.

Paisabazaar.com is the most convenient medium to apply for YES Bank personal loan. To submit your YES Bank Personal loan application, follow these steps:

Step 1. Personal Details

Enter your personal details about your monthly income, mobile number, desired loan amount, residing city, and email ID.

Step 2. Eligibility Check

For eligibility check, you need to enter details such as your name, date of birth, organisation name, and current loan EMI amount (if any).

Step 3. Great Offers

On the basis of your eligibility, a list of personal loan offers from different banks and NBFCs will appear. If you see YES Bank personal loan, apply for it. Else compare and choose from the next best option from the list that suits your requirements the best.

Step 4. e-Approval

Fill out the remaining details such as PAN details, personal details, residential address, employer details, office address and references.

Once you are done with the last step, you will get an instant conditional e-Approval from the bank. From there onwards Paisabazaar’s team will take you through the entire process.

An alternative method to apply for YES Bank Personal Loan is through the bank itself. For online application, you can fill out the loan application form available at the website. For offline application, you can visit their nearest YES Bank branch to complete the application process for personal loan.

Before you apply for personal loan, it is important to have a definitive loan amount in mind. On the basis of the amount that you intend to borrow, calculate the loan EMI (Equated Monthly Instalment). Calculating EMI before applying for personal loan can do wonders for you. It not only ensures that your monthly budget is not stretched but also reduces the chances of defaulting on your loan.

Calculating the EMI amount that suits your budget is a tedious task and should be best left to Personal Loan EMI Calculator. Paisabazaar’s Personal Loan EMI Calculator helps you identify the right amount you need to borrow and the interest amount you will be required to pay during the loan tenure. It also helps you figure out the best suited loan tenure.

How Paisabazaar’s Personal Loan EMI calculator works?

Paisabazaar’s Personal Loan EMI Calculator calculates EMI for Personal Loan on the basis of inputs given by you. The EMI Calculator asks for the following details:

• Loan Amount
• Loan Tenure
• Interest Rate

Once you enter the required details, the EMI calculator will show you the results instantly.

YES Bank customers in India can use the following contact details to get in touch with the bank representatives:

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