Yes Bank Personal Loan

⋆ Interest Rate 9.99% ⋆

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      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Yes Bank Personal Loan Key Features

      Eligibility Criteria Details
      Age 21-60 (at loan maturity)
      CIBIL Score Minimum 750 or above
      Yes Bank Interest Rate 9.99% per annum
      Lowest EMI per lakh Rs. 2174
      Tenure 12 to 60 months
      Yes Bank Personal Loan Processing Fee 1% of the Loan Amount
      Prepayment Charges 0% – 4%
      Minimum Loan Amount ₹1 lakh
      Maximum Loan Amount ₹40 Lakh

      Yes Bank Personal Loan Rate of  Interest

      Today, Yes Bank Personal loan interest rates is 9.99%p.a, with the lowest rates offered to exist customers of the bank with a strong CIBIL Score and those working with reputed corporate with a stable employment history. Yes, Bank also runs special schemes for defense, armed forces, and government employees. The personal loan interest rate for government employees and defense personnel is different from private salaried employees.

      Yes Bank Personal Loan Status 

      Now stay updated with the status of your loan. Simply just enter the required details and keep track of it at any stage. Just by entering the Applicant Name, Proposal Number, or mobile number, you will simply stay updated with your loan status.

      Yes Bank Personal Loan Eligibility Criteria

      Eligibility criteria for a personal loan:

      CIBIL Score Criteria 750 and Above
      Age Criteria 21-60 years
      Min Income Criteria Rs 25000/month
      Occupation Criteria Salaried/Self-employed

      Yes Bank Personal Loan Fees, Interest Rates and Charges

      The interest rate, fees, and other charges for a Personal Loan are:

      Yes Bank Personal Loan Interest Rate 9.99% per annum
      Yes Bank Personal Loan Processing Charges 1% of the Loan Amount
      Prepayment Charges 36 months: 2% of loan principal outstanding”}”>Up to 4% + GST (Allowed after 12 EMIs)
      Stamp Duty As per state laws

      Yes Bank Personal Loan Documents Required

      The following documents are required for Yes Bank Personal Loan:

      Form Duly filled application form
      Proof of Identity Copy of:
      > Passport
      > Driving License
      > Aadhar Card
      > Voter ID Card
      Proof of Address Rent Agreement (Min. 1 year of stay)
      Utility Bills
      Passport (Proof of permanent residence)
      Ration card
      Proof of Income > ITR: Last two Assessment years
      > Salary Slip: Last 6 months
      > Bank Statement: Last 3 months

      Yes Bank Personal Loan EMI Calculator

      Yes Bank Personal Loan Compared to Other Banks

      Bank Interest Rate Tenure Loan Amount & Proc Fee
      Yes Bank 9.99% 12 to 60 months Up to Rs. 40 lakh / 1% to 2% of Loan Amount
      HDFC Bank 11.25% to 21.50% 12 to 60 months Up to Rs. 40 lakh / Up to 2.50% of the loan amount
      Bajaj Finserv Starting from 12.99% 12 to 60 months Up to Rs. 25 lakh / Up to 3.99% of the loan amount
      Axis Bank 15.75% to 24% 12 to 60 months Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
      Citibank Starting from 10.99% 12 to 60 months Up to Rs. 30 lakh / Up to 3% of the loan amount
      ICICI Bank 11.50% to 19.25% 12 to 60 months Up to Rs. 20 lakh / Up to 2.25% of the loan amount

      Other Loan Products from Yes Bank

      Yes Bank Gold Loan Yes Bank Car Loan Yes Bank Home Loan Yes Bank Business Loan
      Yes Bank TWL Yes Bank LAP Yes Bank Credit Card Yes Bank Education Loan

      Why should you apply for Yes Bank Personal Loan with Dialabank?

      Dialabank is a team of professionals that will help you find the right financial product according to your personal needs. We provide a wide range of products and have served many happy customers. With Dialabank, you get trust and convenience at your fingertips.

      How to Calculate EMIs for Yes Bank Personal Loan

      Use the EMI calculator given below to find your monthly EMIs

      Processing Time of Personal Loan by Yes Bank

      The usual processing time for a personal loan application can be up to a week before approval. With Yes Bank, you can get your loan approved within 72 hours, if you are a customer of the Bank.

      Yes Bank Personal Loan Preclosure Charges 

      Yes Bank gives you the option of pre-closing your Personal Loan after a minimum of 12 months of taking the loan and paying 12 successful EMIs on your Personal Loan. However, Yes Bank charges a Prepayment or Pre-closure charge.

      Documents Required for Preclosure of Personal Loan 

      Generally, the following documents are required to foreclose your Axis Bank personal loan:

      • A valid photo identity proof
      • Loan Account Statement
      • Cheque/ demand draft/ cash to make the payment

      Yes Bank Personal Loan Foreclosure Benefits 

      Given below are a few key benefits of foreclosing your Yes Bank personal loan:

      Foreclosure / Full Prepayment

      • Helps you save on the overall interest payout.
      • Frees you from the burden of regular loan repayments.

      Partial Prepayment

      • It enables you to save on the interest component.
      • You also have the advantage of either paying a reduced EMI amount or having a shorter loan tenure.

      Yes Bank Prepayment Facility

      Yes Bank also offers the prepayment facility to help the customers pay off the entire outstanding or a part of it. If you have a surplus amount of money in hand and meeting the below criteria then you can pay a part of your principal outstanding amount to reduce the same. This will also help in saving interest accrued on the principal amount. Know more about this facility below.

      • Prepayment will be allowed subject to the successful payment of the first 12 EMIs
      • Prepayment will be allowed a maximum of twice during the entire tenure of the loan
      • Prepayment is allowed only once a year
      • At any point in time, the prepayment will not exceed 25% of Principal Outstanding

      Charges to be paid on Prepayment

      • 13-24 Months – 4% of the outstanding loan balance
      • 25-36 Months – 3% of the outstanding loan balance
      • More than 36 Months – 2% of the outstanding loan balance

      Pre Calculated EMI for Yes Bank Personal Loan 

      Rate 5 Yrs 4 Yrs 3 Yrs
      9.99% 2149 2560 3250
      11.00% 2174 2584 3273
      11.50% 2199 2608 3297
      12.00% 2224 2633 3321
      12.50% 2249 2658 3345
      13.00% 2275 2682 3369
      13.50% 2300 2707 3393
      14.00% 2326 2732 3417
      14.50% 2352 2757 3442
      15.00% 2378 2783 3466

      *Note – All EMIs are calculated for a Loan Amount of Rs. 1 Lakh.

      Yes Bank Personal Loan for Salaried Employees

      Yes, Bank offers Personal Loan for Salaried Employees at attractive rates of interest. The amount that you get a loan depends on the Company that you work for, The take-home salary of the employee, and the city of residence of the employee. Yes Bank offers these loans for a tenure of 12-60 months and provides instant approval along with funds to pre-approved customers.

      Yes Bank Personal Loan for Self Employed Individuals

      Yes Bank’s  Personal Loan for Self Employees is a loan product offered to self-employed individuals and in need of funds. The bank provides them with attractive rates of interest on their personal loan and tenure of 12-60 months. However, as compared to Salaried Employees, you have to present more documents here as you need to provide the bank with sufficient documents related to your business to prove its continuity as well as your steady income.

      Yes Bank Personal Loan for TCS Employees

      • Exclusive personal loans with a reasonable interest rate of 11.25% p.a.
      • EMI for personal loans starts at Rs.2178 per lakh when terms and conditions are met.
      • The hassle-free documentation process for TCS employees.
      • Pre-approved personal loans for eligible TCS employees.
      • Interest rate starting at 11.99% p.a for superbike loans.
      • Great offers on home loans with an interest rate of 9.45% p.a and discount interest rate for women at Rs.9.40% p.a.

      Yes Bank Moratorium Process

      The process to stop your loan EMIs at Yes Bank is as follows-

      • Visit the Yes Bank website or use the mobile app
      • Click on the link where the option of moratorium period is popping out
      • On the application page, mention your registered mobile number, name, email address
      • After that enter your date of birth and select the type of loan
      • Enter your loan number and mention your EMI amount
      • Then make a decision and choose a suitable service
      • Click on the EMI deferment option that says I agree to pay the accrued interest on the outstanding balance
      • Click on the ‘Submit’ button
      • The bank will check the details thoroughly and process your moratorium request
      • You’ll be given a reference upon the successful completion of the process. on your registered mobile number and email address

      However, if you don’t want to defer EMI, you must click on the second option after the deferment option. This will ensure EMI payments as scheduled with no extra interest charged on it.

      • and select the defer option if your answer is yes otherwise your EMI debited as it was doing in the past

      Yes Bank representatives can also get in touch with you via WhatsApp or call regarding the moratorium process.

      Yes Bank Personal Loan Special Pricing 

      If a customer is looking for INR 15 lakh of the loan amount or more than that below rates would be applicable.

      Loan Amount IRR Processing Fee (+GST)
      Loan amount >=15 lakh* 10.50% INR 3999

      *Terms & conditions apply

      This offer is not applicable for Top-up/ Enhancement/ Existing loan amount closure.

      If a customer is looking for a Balance transfer and a fresh loan of above INR 10 lakh above, the below offer is available.

      NTH Loan Amount IRR Processing Fee (+GST)
      >=50000 Loan amount >=10 lakh* 10.50% INR 3999

      *Terms & conditions apply

      • Not applicable on Existing loan closure
      • Not applicable for Credit card BT

      How to Manage Personal Loan 

      Here are the 4 tips that will help you manage your loans:

      1. Pay On Time

      The first step is to avoid late fees and penalties. The best way to do that is by paying your monthly payments on time every month. This also hits the credit score. These are needless and all too common consequences that will work against your financial condition.
      If you have just taken a personal loan or are about to, the best way to manage your loan is by making a monthly payment on your loan as soon as you receive the loan. By being a payment ahead of your installment plan you will have a buffer against a missed payment.

      2. Pay More Than Your Minimum
      Paying beforehand is a good option for managing your plans but paying a little extra every month keeps you ahead of your loan term and provides you with some other financial bonuses.
      Moreover, paying extra on your loan reduces the length of the repayment plan. This will help you clear the debt and allows you to regain your financial independence sooner. It will also reduce the rate of interest you owe and thus, saving you money in the long run.
      Paying off your debts faster also leads to an improvement in your credit score. A lower credit score will benefit you in several ways, like dropping down payments and rate of interest.

      3. Consolidate Your Loans
      For debtors managing multiple personal loans, consolidation could be the best way to simplify your debt repayment. Debt Consolidation is when you take a large loan to repay all the other loans you have taken. So, instead of paying multiple lenders every month with different rates of interests and needs, one can make a single payment to one provider.
      Debt Consolidation is helpful if you can save an interest rate on a new loan that is lower than the average interest rate of the earlier loans.
      The only disadvantage that lies here is that one will likely end up having to reimburse the debt quicker than before. Before consolidating your debt, make sure that you can make the payments on a new loan. This may also help to reimburse large portions of your loans on credit rather than with a single loan, consolidating it into more controllable pieces.

      4. Credit Score
      Last but not the least, always keep a close watch on your credit score while reimbursing a personal loan. The credit score plays a major role in finances and has an important relationship with the loans taken out. How you manage your loans is reflected in your credit score. On the other hand, falling behind on your payments will subordinate the credit score. Thus, a higher credit score is important.

      Different Yes Personal Loan offers

      Yes Bank Doctor Loan

      Yes Bank offers special Personal Loan to Doctors who require funds. Bank gives them loans ranging from Rs. 50000 to Rs. 50 lakhs for a tenure of 12-60 months at interest rates starting from 11.25%. There are certain eligibility criteria’s for availing of this loan:

      1. The credit score should be at least 650.
      2. Age should be 25-65 years.
      3. Medical Experience – More than 4 years (as a doctor).

      Yes Bank Marriage Loan

      Yes Bank offers Personal Loan for Marriage to solve people who are facing a shortage of funds for their or their close one’s marriage. There is no restriction on using this loan amount and can be used for anything from wedding banquets to makeup or stylists, etc. You get these amounts quickly within seconds if you are a pre-approved customer with the bank or as quickly as 4 hours in some cases. The bank charges an attractive interest rate and gives you the option of choosing the loan tenure.

      Yes Bank Personal Loan for Government Employees

      To fulfill the individual requirements of all the public authority workers, Yes Bank is here. The moneylender offers the individual credit to the representatives of public area endeavors, including Central, State, and Local Bodies. The base net month to month pay of a worker should be INR 15,000/20,000 to profit the greatest advance measure up to INR 40 Lakh. The individual advance offered by the Yes bank accompanies a residency of 5 years alongside a handling expense of 1.50% of the advance sum.

      Yes Bank Personal Loan Offers for Government Employees:

      Offers By Government Number of Companies Processing Fee(% of the Loan Amount IRR
      Miniratna, Navratna, and Maharasthra 55 1.50% 13.49%
      11.49%
      10.99%
      Pensioner All 1.50% 14.75%
      Employees from the Railway Department All 1.50% 16.50%
      15.00%
      14.25%
      CISF, CRPF, ITBP, SSB and BSF All 1.50% 14.75%

      State and Central Government Officers:

      Section Salary Processing charge IRR
      Government Officer Division A (GA) and Division B (GB) NTH>24k 2% 16.75%
      NTH>35k 2% 15%
      NTH>50k 1.75% 14.75%

      Yes Bank Personal Loan for Pensioners

      Yes Bank offers special plans for Pensioners looking out for Personal Loan. They provide good funding at attractive rates of interest to pensioners. Some of the features of Yes Bank Personal Loan for Pensioners are listed below:

      • Minimum Pension Amount – 25000+
      • Maximum age – 65 years at loan maturity
      • 50% of extra income (FD interest rental income, etc.) can be counted as Actual Income
      • Yes Bank Personal Loan Interest Rate – 9.99%
      • Tenure – a minimum of 12 months

      Yes Bank Personal Loan Balance Transfer

      Personal Loan Balance Transfer refers to a process where you shift your personal loan from one lending institution to another. In this, your new bank pays off your previous loan and gives you the loan. You get many benefits if you do this, but you may have to pay the foreclosure charges associated with that loan along with the Processing fee on your new loan. Some of the benefits are listed below:

      1. Lower Interest Rate
      2. Extended Tenure for the Repayment
      3. You may also get additional features associated with your loan, such as no processing fee, etc., based on your Cibil score.

      Yes Bank Personal Loan Top Up

      Top up facility on your loan is the additional amount you borrow from the bank on your existing loan. Yes Bank lets you avail of this facility if you have paid at least 9 regular EMIs without any hindrances in payment. You can get a top-up of a minimum of Rs 50,000 and a maximum of your already sanctioned loan amount.

      Yes Bank Personal Loan Overdraft Scheme 

      For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Yes bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Yes online banking portal and from there you can fill out a simple form and get an overdraft under your name.

      Yes Bank Home Renovation Loan

      YES Bank offers home renovation loans for people looking to renovate their home. This personal loan can be used to finance essential renovations or to help the applicant acquire new equipment, accessories, and furniture for their home. Some key features of the YES Bank home renovation loan:

      • The YES Bank home renovation loan’s interest rate starts at 11.25%.
      • People may be eligible for loans of up to Rs. 20 lakhs to get a renovated house.
      • To obtain a home renovation loan from YES Bank, minimal documentation is required, which simplifies the entire process of obtaining a loan.
      • The loan amount is generally credited to the account within 72 hours of the Bank’s approval of your request.

       Yes Bank Holiday loan

      YES Bank Holiday Loan can help you manage your dream vacation with minimal hassle. This personal loan from YES can provide financial support for a variety of holiday-related expenses, including airline ticket bookings, hotel stays, travel, and more. The main features of YES’s holiday loans are:

      • Interest rates for holiday loans start at 11.25% per annum.
      • Up to Rs. 20 lakhs so that your dream vacation is not ruined due to the financial crisis.
      • Easy and minimal documentation ensures that your vacation financing is easy and convenient, which is credited directly to your account.

      Fresher Funding

      Most unsecured personal loans are targeted at regular income earners, but YES Bank’s latest funding is different. This YES Bank loan is designed to help operations, meaning recent graduates want their first job. Some of the critical features of YES Bank Fresher Funding Personal Loan are: 

      • Loan amount up to Rs 1.5 lakh
      • Applicant must be at least 21 years old
      • The rate of interest for Fresher Funding depends on the profile of the loan applicant, the credit history/score, age, and location of the applicant.

      NRI Personal Loan

      YES Bank understands NRI’s needs and dreams and offers NRI-specific personal loans. The primary loan applicant must be a resident of India, and the NRI co-applicant must be a close relative. NRI’s loans include the following features:

      • YES Bank offers NRI personal loans up to Rs 1000,000 for flexible end-use.
      • Interest rates on NRI personal loans start at 15.49% per year.
      • Has a storage life of up to 36 months.

      Pre-close Yes Bank Personal Loan

      Yes Bank allows the borrowers to pre-pay their personal loan after the completion of a specific time period at some additional foreclosure charges. However, there are a few Yes personal loan preclosure criteria that you need to meet to close the account.

      • Preclosure of your Yes Bank personal loan will be allowed any time during the entire loan tenure after at least 1 installment is paid by the borrower.
      • For pre-paying or pre-closing your Yes Bank personal loan, you will have to repay the total outstanding amount along with all other applicable charges
      • You have to pay 5% of the loan amount that is outstanding after the payment of the EMIs along with taxes before closing your personal loan as preclosure charges.

      Yes Bank Personal Loan Process Steps

      Step 1: Determine your requirement.
      Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.

      Step 2: Check loan eligibility
      Once you know how much you need, you should check whether you are eligible. You can visit the Yes Bank Personal Loan Eligibility Criteria online, to find out how much you can borrow as a Personal Loan. Yes Bank offers loans up to Rs. 40 lac.

      Step 3: Calculate monthly installments –
      Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the Yes Bank Personal Loan EMI Calculator. Yes Bank offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 2149 per lac * (T&C).

      Step 4: Approach the bank –
      You can apply for a Personal Loan with Yes Bank in various ways: Via Net Baning, online on the Yes Bank website, at an ATM, or by visiting a branch.

      Step 5: Submit documents -.
      Next, find out what documents are required for a Personal Loan. You will usually need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.

      Wait for funds to be remitted to your account. Yes Bank disburses funds for pre-approved loans to customers in 10 seconds*, and for non-Yes Bank customers in 4 hours*.

      That’s how to get a Personal Loan in 5 easy steps!

      Yes Bank Personal Loan Prepayment Charges 

      If you are a salaried applicant, you can pre-pay your Yes Bank Personal Loan only after paying 12 equated monthly installments completely.

      The pre-payment charges for salaried applicants are as follows:

      • 4% of the outstanding principal amount for 13 to 24 months.
      • 5% of the outstanding principal amount for 25 to 36 months.
      • 2% of the outstanding principal amount for more than 36 months.

      How to apply for Yes Bank Personal Loan

      Yes Bank Personal Loan

      Follow the following steps to apply for a Personal Loan in Yes Bank

      1. Visit Dialabank.
      2. Fill in the form your details
      3. You will receive a call from our relationship manager.
      4. Share your documents and get instant approval.

      PL verification process

      The following are critical steps of the personal loan verification process after online submission of your loan application on DialaBank.

      Step1. DialaBank will forward your loan application to your chosen lender, and typically within 48 hours, you will obtain a call from the lender’s agent.

      Step2. The prospective lender will schedule the pickup of your KYC, income, etc. documents or provide an option to upload them online. These documents will be used to verify your application.

      Step3. Once the lender’s verification is completed and your loan is approved, you will receive another call to verify the loan offer and ask for your consent for disbursal.

      Step4. After loan permission and successful verification, the loan is usually distributed within 48 hours.

      Note: The turnaround, as mentioned above, time for personal loan verification/disbursal may vary based on the lender’s internal requirements as well as other criteria.

      Check your Yes Bank PL application Status

      The process to check your application status includes the following steps:

      • Visit the authentic website of Yes bank, Click on ‘Products’ and select ‘Personal Loans’.
      • On the next page that opens hereafter, click on ‘More’ and select ‘Check Loan Application Status’.
      • Next, you can check your application status by inserting details like your mobile number, birth date and by either entering the OTP that you receive on your mobile number or via your application number.

      How to login in Yes Bank portal

      • Visit the official website of Yes Bank.
      • On the top right corner of the page, click on ‘Login’.
      • Log in using your User ID and Password or your registered mobile number

      How to Check Your Loan Statement

      Consumers can download the bank’s loan statement by following the steps given below:

      • Visit the official website of the bank.
      • Click on ‘Get in Touch’ and pick ‘Service Requests’ from the drop-down list.
      • On the following page that opens, under the ‘Loans’ menu, select ‘Personal Loan Related’.
      • Next, click on ‘Request for Statement of Loan Account’.
      • Log in using your User ID and password or using your registered mobile number and OTP to avail of the bank’s loan statement.

      Yes Personal Loan Restructuring (COVID-19)

      The nationwide lockdown has negatively impacted many borrowers due to the COVID-19 epidemic, and a 6-month ban on various fixed-term loans has been announced to mitigate the impact. After completing the six-month ban, Yes Bank announced a one-time benefit to the RBI for restructuring its loans. This procedure is intended to continue to provide relief to borrowers who have not yet been able to repay their regular EMI due to financial difficulties caused by the epidemic.

      The loan settlement mechanism introduced by Yes Bank offers an additional moratorium of up to 2 years or an extension of the current repayment period to reduce monthly EMI payments. Of course, it is essential to remember that restructuring your Yes Bank personal loan will incur interest charges in addition to those applicable to the original loan. As such, this relief mechanism should only be used as a last resort, so you don’t end up meeting your outstanding loan.

      Yes Bank Customer Care

      Customers can contact the Yes Bank customer care via any of the following means:

      • By Phone: You can call Yes Bank on 9878981166 (toll-free)
      • Callback Request: You can also request a call back by visiting the bank’s website
      • Online Chatbot: You can also get your queries answered by the iPal chatbot online
      • Branch Visit: You can visit the nearby Yes Bank branch to get your queries

      Benefits of Applying for Personal Loan on Dialabank

      There are various advantages of applying for a personal loan on the DialaBank website. Some of them are given below:

      • 24 x 7 Accessibility: You can access the DialaBank website anytime and anywhere and thus, apply for a personal loan anytime from the comfort of your home or office.
      • Multiple lenders on a single platform: com enables you to access personal loan offers from multiple prospective lenders on a single platform and thereby eliminates the need to visit multiple bank websites or branches.
      • Know EMI instantly: With the personal loan EMI calculator on DialaBank.com, you can check the EMIs you would be paying on a personal loan even before you apply for one. It will help you borrow the appropriate amount that you can quickly repay and have a convenient repayment schedule.
      • Free of cost: Additionally, you are not required to pay any charges when you apply for a personal loan on DialaBank.com.

      How to get the best offer on Yes Bank Personal Loan?

      You can get the best personal interest rates from Yes Bank subject to an assessment of your loan amount, salary, other obligation company you work with, and loan tenure. The following factors determine the personal loan rate of interest you can expect to get from Yes Bank:

      • Loan Amount – This is the amount borrowed by a borrower from the bank. Generally, banks offer lower interest rates for higher amounts. Yes Bank offers loans between ₹ 50,000 and ₹ 75 Lakh.
      • Salary – Income defines your capacity to repay the loan. Higher salary bracket individuals are offered loans at lower interest rates. The interest rate of the bank varies with your net monthly income.
      • Employer Category –  Yes Bank has an internal list of companies falling into categories that are ranked from high to low company categories based on the company’s size, reputation, and existing relationship with the bank. Employees who belong to companies in higher company categories get attractive discounts and low-interest rate loans.
      • Relationship with the Bank – Yes Bank offers special rates, offers, and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in the past will get the benefit of a low Yes Bank loan interest rate.
      • Loan Tenure – Personal loans are of shorter tenure ranges from 12 months to 60 months as they are taken to meet their immediate requirements.
      • Repayment Capacity – Before giving a loan to the borrower, Yes Bank checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL as it has the repayment track record of previous loans taken. CIBIL also captures information on credit card bills payment.

      How does Yes Bank Personal Loan work, Here is the process

      Maximum Annual Percentage Rate (APR) 11% to 22.5%
      A representative example of the total cost of the loan, including all applicable fees
      Here is an illustration of the total cost of the loan:

      Total amount borrowed: ₹ 1,00,000

      Time period: 12 Months to 60 Months

      Yes Bank Personal Loan Interest Rate: 10.50% to 22.00%

      Processing Fee payable to Upto ₹ 2,500

      Fee payable to MyLoanCare: NIL

      Total Monthly Cost – From ₹ 2,149 for 60 Months ₹ 1,00,000 loan at 10.50% (lowest rate, longest time period) to ₹ 9,359 for 12 Months ₹ 1,00,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment.

      Annual Percentage Rate (APR) of charge including all applicable fees: 11% to 22.5%

      Total cost payable over loan tenure: ₹ 8,278 for 12 Months loan to ₹ 31,463 for 60

      Important Aspects

      Here are some essential things to consider when applying for a personal loan with Yes Bank:

      • It is always a good idea to check your credit receipt when applying for a personal loan.
      • A good credit score increases your chances of getting a personal loan approved and can enable you to get a personal loan on more favourable terms.
      • Before finalizing a particular lender, it is wise to compare individual loans (interest charges and any applicable fees and charges) offered by different lenders.
      • Borrow based on your needs and your ability to pay. Avoid borrowing because you are eligible to borrow large sums. This only increases your interest costs and is of no benefit in the long run.
      • Avoid applying for a personal loan from multiple lenders at the same time. It shows that you are hungry for credit and increases the number of strict inquiries for your credit report, which can negatively affect your credit score.

      FAQs About Yes Bank Personal Loan

      ✅ How to apply for Yes Bank Personal Loan?

      You can apply for Yes Bank Loan through the official website of Yes Bank

      Or, Dialabank is also providing you with this facility with less paperwork and more ease.

      ✅ What is the Interest Rate for Yes Bank Personal Loan?

      Interest Rate for Personal Loan in Yes bank is 9.99% per Annum. This rate varies with time.

      ✅ What is the minimum age for getting a Personal Loan from Yes Bank?

      Your minimum age to apply for a Personal Loan is 21 years.

      ✅ What is the maximum age for getting a Personal Loan from Yes Bank?

      The maximum age you need for applying for a Personal Loan is 60 years.

      ✅ What is the minimum loan amount for Yes Bank Personal Loan?

      The minimum loan amount for Yes Bank is Rs. 1 lakh

      ✅ What is the maximum loan amount for Yes Bank Personal Loan?

      The maximum loan amount for a Personal Loan is Rs. 40 lakh.

      ✅ What are the documents required for Yes Bank Personal Loan?

      You need to show Proof of Identity, Proof of income, and address proof to apply for Personal Loan.

      ✅ What is the Processing Fee for Yes Bank Personal Loan?

      The processing fee for Yes Bank loan is 1% of the Loan Amount.

      ✅ How to get Yes Bank Personal Loan for Self Employed?

      You must have a good and rigid source of income and your credit history should be good to avoid rejection.

      ✅ What is the Maximum Loan Tenure for Yes Bank Personal Loan?

      The maximum loan tenure for a Personal Loan is 60 months

      ✅ What should be the CIBIL Score for Yes Bank Personal Loan?

      A good CIBIL Score less chance of Rejection. For Personal Loan, you must have a 750 or above CIBIL Score.

      ✅ Do I have a preapproved offer for Yes Bank Personal Loan?

      Information about the preapproved offer for a Personal Loan can be extracted from the branch by calling customer care or visiting the branch.

      For your ease, Dialabank will provide you with every detail in one call

      ✅ How to calculate EMI for Yes Bank Personal Loan?

      You can calculate your EMI at any EMI calculator just you have to put the loan amount, Interest rate, and Tenure of the loan.

      ✅ How to pay Yes Bank Personal Loan EMI?

      Net Banking facility will be provided to you

      Or, the amount will automatically get deducted from your account.

      ✅ How to close Yes Bank Personal Loan?

      If your funds are ready then you can apply for Preclosure or after all the EMI’s are paid your loan will get closed.

      ✅ How to check Yes Bank Personal Loan Status?

      To know the status of a Personal Loan you need to call the bank or check on the official website i.e provided by the bank.

      ✅ How to close Yes Bank Personal Loan Online?

      Dialabank is the best option for applying for a Personal Loan with less paperwork and ease or visit the official site of the bank apply for the loan

      ✅ How to pay Yes Bank Personal Loan EMI Online?

      Through Netbanking you can pay EMI for Personal Loan.

      ✅ How to check Personal Loan Balance in Yes Bank?

      You can call the bank customer care or a timely message will be sent on your registered no.

      ✅ How to download Yes Bank Personal Loan Statement?

      From the official website of the Yes Bank, you can download the statement.

      ✅ How to Top Up Personal Loan in Yes Bank?

      You can Top up the Personal Loan in Yes Bank by filling the simple form or by visiting the nearest branch.

      Or contacting Dialabank may bring ease in the process.

      ✅ What happens if I don’t pay my Yes Bank Personal Loan EMIs?

      You may face action against you and also your CIBIL score will get affected. So regular is like safety for the future.

      What relaxation scheme and moratorium Yes Bank provides in relation to Personal Loan due to Covid 19?

      Due to the COVID-19 pandemic, and a 6-month ban on various fixed-term loans has been announced to mitigate the impact. After completing the six-month ban, Yes Bank announced a one-time benefit to the RBI for restructuring its loans. This procedure is intended to continue to provide relief to borrowers who have not yet been able to repay their regular EMI due to financial difficulties caused by the epidemic.

      ✅ How to find Yes Bank Personal Loan account number?

      After your application gets approved you will be provided with your account number for Personal Loan.

      What is the Yes Bank Gold Loan closure procedure?

      • Just go to the bank with the documents.
      • Write a letter for pre-closure of the Yes Personal loan account.
      • Pay the pre-closure charges as per Yes Personal Loan.

      ✅ What are the Yes Bank Personal Loan preclosure charges?

      Yes Bank Personal Loan preclosure charges are Nil.

      ✅ What is the Yes Bank Personal Loan overdraft scheme?

      For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Yes bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Yes online banking portal and from there you can fill out a simple form and get an overdraft under your name.

      ✅ What is the Yes Bank Personal Loan maximum tenure?

      The Yes Bank Personal loan maximum tenure is 60 months.

      ✅ What is the Yes Bank Personal Loan minimum tenure?

      The Yes Bank Personal Loan minimum tenure is 12 months.

      ✅ What is the Yes Bank Personal Loan customer care number?

      You can call Yes Bank on 9878981166.

      Yes Bank Personal Loan News

      Yes Bank CEO Says Bank ‘Out of the Woods’; Will Distance Itself from Large Corporate Borrowers

      Yes Bank intends to stay away from large corporate businesses as it looks to rebuild its loan book in the mid-and small-corporate segment, according to Managing Director and CEO Prashant Kumar

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