Yes Bank Personal Loan

Yes Bank Personal Loan Interest Rates

The interest rates for Yes Bank Limited personal loans start @ 10.99% p.a. onwards. The final interest rates offered to the personal loan applicants depend upon the age, monthly income, job profile, employer’s profile, loan repayment history, etc.

Comparison of Yes Bank Personal Loan vs Other Lenders

Yes Bank Personal Loan Fees & Charges

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Types of Yes Bank Personal Loan

Below are the types of personal loans offered by Yes Bank:

For Holiday

• Purpose: To meet the travel expenses including flight tickets, hotel charges, travel accessories, etc

For Wedding

• Purpose: To cater the various expenses related to wedding including, jewelry, catering, clothing, decoration, etc

For Home Renovation

• Purpose: To meet the expenses for home renovation such as redecorating and refurbishing the house

Balance Transfer

• Purpose: Transfer of existing personal loan from other lending institutions to Yes Bank Limited at lower interest rates

Yes Bank Top-Up Loan

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

Eligibility for Yes Bank Personal Loan

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 Individuals

Key factors that may impact your eligibility for a personal loan from Yes Bank include:

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

For Self-Employed Professionals

For self-employed applicants, the minimum age to apply for a personal loan from Yes Bank is 22 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 statements, etc.

Documents Required for Yes Bank Personal Loan

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

General Documents

• Identity Proof/Signature Proof
• Address Proof (Office/Residence)
• Age Proof

For Salaried Applicants

• Salary slips for last 2-3 months
• ITR for last 2 years/Appointment Letter/Form-16
• Salary Account Statement for 3-6 months
• All existing loan details

For Private Limited Company

• List of directors and shareholders
• Memorandum and Articles of Association
• Bank account statement (main) for last 6 months
• ITR/Profit and Loss/Balance Sheet statement for last 3 years (along with Form 3CB and 3CD)
• Existing loan details

For Partnership

• ITR/Profit and Loss/Balance Sheet statement for last 3 years (along with Form 3CB and 3CD)
• Partnership deed
• Bank statement for last 6 months (main account)
• All existing loans details

For Proprietorship

• ITR/Profit and Loss/Balance Sheet statement for last 3 years (along with Form 3CB and 3CD)
• Main account bank statement for last 6 months
• Details for existing loans

Customer Care

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

Phone Numbers (For India)

• 1800-1200 (Toll-Free)
• +91 22-6121-9000 (charges applicable)

Phone Numbers (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 chatbot (virtual assistant) in order to get in touch with a Yes Bank customer service representative.

FAQs

Q. 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 the application form and the required documents.

Q. Does Yes Bank provide pre-approved loans?

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

Q. 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.

Q. 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, the prepayment option is only available after payment of 12 EMIs, and pre-payment charges of up to 4% are applicable in such cases.

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

No, you are not required to submit or deposit any collateral/security to avail Yes Bank personal loan.

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