Range of Interest Rate
11 % Onwards
Processing Fee Range
Up to 2.5 %
Loan Amount
up to 40 Lakhs
Range of Loan Tenure
1 to 5 years
Key Salient Features
- Has pre-closure option
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– 1 Year Bank statement, 3 months Salary slips, 2 years form 16
Trivia
- The total number of branches of Yes Bank in India is 1200+
- Average loan approval time is about 2 – 3 working days
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction Process
Fee and Charges Details
- Pre-closure fee- EMI repayment of 13-24 months and 4% principal outstanding. Pre-closure fee- 25-36 months EMI repayment and 3% principal outstanding. Part time repayment fee- 2% plus applicable taxes on part payment account.
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried |
|---|---|
| Age | 21 to 60 years |
| Prepayment Charges/Foreclosure | Pre-closure fee- EMI repayment of 13-24 months and 4% principal outstanding. Pre-closure fee- 25-36 months EMI repayment and 3% principal outstanding. |
FAQs
When you apply for a Yes Bank Personal Loan you need to take the following steps given below:
- Fill the application form of Yes Bank
- Submit key documents like KYC and Financial which are related to salaried individuals.
- Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
- Yes Bank Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
- Finally after completion of the disbursement process Yes Bank issues a cheque in favour of the applicants.
There are few documents that you need to submit to apply for a Yes Bank Personal Loan. They are given in table below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
Because it is fast and easy to sanction. Provides customers who have healthy financial records
Besides, minimum documentation is required to apply for and secure an Yes Bank Personal Loan.
After you submit necessary documents and the legal and technical verification is done, your Yes Bank Personal Loan is sanctioned in 2 -3 working days.
To secure a Yes Bank Personal Loan you will need to have a minimum CIBIL score of 700 and above.
It is to help you understand the Tata Capital Personal loan you will have to pay at the lowest interest rate of 11%, a table below is given with loan amount and tenure.
Table of Yes Bank EMI @11% interest rate for different personal loan amounts and tenures:
| Amount | ||||
|---|---|---|---|---|
| Tenure | 5 lacs | 10 lacs | 20 lacs | 40 Lacs |
| 2 Years | Rs 23,304 | Rs 46,608 | Rs 93,216 | Rs 186,431 |
| 3 Years | Rs 16,369 | Rs 32,739 | Rs 65,477 | Rs 130,955 |
| 5 Years | Rs 10,871 | Rs 21,742 | Rs 43,485 | Rs 86,970 |
The maximum loan amount sanctioned by Yes Bank is minimum 1 lakh and maximum 40 Lakhs.
You do not need a co-applicant to apply for a Yes Bank Personal Loan. However, if you do have one then it helps significantly in improving your loan eligibility and proving your ‘Creditworthiness’ to the lender.
Incase of personal loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.
If you have IT returns to show for three financial years then, it only enhances your loan eligibility significantly and increases chances of securing Yes Bank Personal Loan. However, you can secure a Yes Bank Personal Loan despite not having no IT returns to show for three financial years, if you seek a small loan amount and you have a great CIBIL score.
Once all the documents have been submitted and a sanction letter issued by Yes Bank then, it should take 1 -2 working days for a personal loan to get disbursed.
A few additional information about Yes Bank Personal Loan that you need to know is given below:
-
Types of Yes Bank Personal Loan:
There are two types of Yes Bank Personal Loan available. They are given below:
-
Yes Bank Regular Personal Loan Scheme:
It is personal loan scheme provided by Yes Bank that helps in financing expenses for wedding, medical emergency, home renovation etc
-
Yes Bank Personal Loan for Holiday:
To help manage travel expenses such as flight tickets, hotel charges etc Yes Bank presents this personal loan program
-
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Personal Loan
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