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YES Bank Personal Loan Highlights |
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| Interest Rate | 11.25%-21.00% p.a. |
| Loan Amount | Rs 1 lakh-Rs 40 lakh |
| Tenure | 1-5 years |
| Prepayment Charges | Allowed if borrower has paid at least 12 EMIs.
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| Foreclosure Charges | Allowed if borrower has paid at least 12 EMIs.
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| Processing Fees | Up to 2.5% |
Yes Bank
Up to ₹40L
11.25% - 21%
Upto 5 Years
0% - 2.5%
*Applicable for selected customers
Table of Contents :
YES Bank Personal Loan Interest Rates
YES Bank personal loan interest rates start from 11.25% p.a. onwards. While YES Bank has not stated the break-up of interest rates offered on the basis of the credit score, employer’s profile, occupation profile, etc. of their personal loan applicants, lenders usually use these factors while setting the personal loan interest rates of their personal loan applicants.
| Minimum Interest Rate | 11.25% p.a. |
| Maximum Interest Rate | 21.00% p.a. |
YES Bank Personal Loan Fees & Charges
| Foreclosure Charges-Full prepayment charges | Allowed post repayment of 12 EMIs Charges after 12 months: 13-24 months- 4% of principal outstanding 25-36 months- 3% of principal outstanding 37-48 months- 2% of principal outstanding >48 months- NIL |
| Pre Part payment Charges | 2% + taxes |
| Pre Part payment allowed | Allowed post repayment of 12 EMIs 13-24 months- 20% of principal outstanding 25-36 months- 20% of principal outstanding 37-48 months- 25% of principal outstanding >48 months- 25% of principal outstanding |
| Pre Part-Payment or foreclosure is not allowed upto payment of | 12 EMIs |
| Duplicate No Due Certificate/No Objection Certificate | Rs 250 per statement |
| Duplicate statement of account charges | RS 750 per statement |
| Penal Interest | 24% p.a. |
| Stamp Duty and other Statutory Charges | As applicable |
| Cheque/SI/ECS/NACH swapping charges | Rs 750 |
| Cheque/SI/ECS Dishonour Charges | Rs 750 |
| Loan cancellation and rebooking charges | Rs 1,000 + tax |
| Statement of account charges | Rs 750 |
| Legal/Incidental/Collection Charges | At actuals |
| Duplicate Repayment Schedule | Rs 750 |
| NeSL fee per loan/debt record of borrower per year | Rs 25 |
| NeSL Annual Renewal Fee per loan/debt record of a borrower | NIL |
Also know about personal loan processing fees and charges
Types of YES Bank Personal Loan
YES Bank Regular Personal Loan Scheme
Purpose: YES Bank offers personal loan to its applicants for financing their personal expenses, such as wedding, travel plans, medical emergency and home renovation. YES Bank evaluates the personal loan application based on the credit history, monthly income, repayment capacity and employment status of the applicants.
Loan Amount- Rs 1 lakh to Rs 40 lakh
Tenure- 1-5 years
YES Bank Personal Loan for Holiday
Purpose: Individuals can avail YES Bank Personal Loan for Holiday to meet their travel expenses, such as flight tickets, hotel charges and travel accessories.
Eligibility for YES Bank Personal Loan
- The age of the applicant should be between 21 to 60 years.
- Applicant should be salaried individual employed in a private or public sector enterprise.
- Applicants having a minimum monthly income of Rs 25,000 are eligible for YES Bank Personal Loan.
Additionally, YES Bank might also factor in the credit score of personal loan applicants, just like most lenders do while evaluating the personal loan eligibility of their loan applicants.
Documents Required for YES Bank Personal Loan
The common documents required to apply for a personal loan with YES Bank include the following:
- Recent passport size coloured photograph.
- ID Proof- Aadhaar card, passport, driving license
- Address Proof- Utility bills, rental agreement and other documents verifying the current address of the applicant
- Employment Proof- Proof of business ownership or employment letter
- Income Proof- ITR, salary slips and bank statement
- Credit report highlighting the creditworthiness of the applicant including the repayment track record.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Personal Loan with Quick Disbursal Click Here
FAQs on YES Bank
What is the turnaround time for YES Bank Personal Loan disbursal?
Ans. YES Bank confirms its appraisal decision after 5 days of the completion of documentation process. The personal loan gets disbursed within few hours of loan processing and approval.
Can I foreclose my personal loan account at YES Bank?
Ans. YES you can foreclose your personal loan account at YES Bank after repayment of 12 EMIs. You can also make part-prepayments for personal loan post 12 EMIs.
Do I need to provide any security or guarantors while applying for YES Bank Personal Loan?
Ans. The personal loan applicants do not require to provide any security, collateral or guarantors while applying for YES Bank Personal Loan.
Can I choose between a fixed and floating interest rate?
Ans. YES Bank offers personal loans at fixed rates only.
What is the minimum credit score required to avail YES Bank personal loan?
Ans. YES Bank has not specified the cut-off credit score for its personal loan applicants. However, the applicants with credit scores of 750 and above have higher chances of availing personal loans at lower interest rates.