Yes Bank

YES Bank Personal Loan is available at the rates of interest starting from 10.99% p.a. and the loan amount can range up to 40 lakh. The tenure is also flexible so that the borrowers can opt for an easy repayment period. Attractive Features You Get  Great Loan Quantum- The available loan quantum is quite great …

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Written by Roopya

YES Bank Personal Loan is available at the rates of interest starting from 10.99% p.a. and the loan amount can range up to 40 lakh. The tenure is also flexible so that the borrowers can opt for an easy repayment period.

Attractive Features You Get 

  • Great Loan Quantum- The available loan quantum is quite great to manage all of your personal expenses such as traveling, wedding, home renovations, medical expenses, etc.
  • Zero Collateral- The loan is collateral-free and doesn’t require any guarantor to apply YES Bank Personal Loan online.
  • Flexible Repayment Tenure- The tenure of up to 60 months is very flexible for the borrowers to repay the loan amount in easy EMIs.
  • Competitive ROI- YES Bank charges rates of interest on personal loans starting from 10.99% p.a. which is quite affordable to apply instant YES Bank Personal Loan online.
  • Conditional Pre-payment Options- Borrowers can easily foreclose the loan account or make part-payments when they have excess funds to do so.
  • Instant Approval- YES Bank’s mPower Bot can approve the loan primarily in 1 minute when you apply instant YES Bank Personal Loan online.
  • Easy Online Application- People can easily apply YES Bank Personal Loan online, and the process is time-saving and hassle-free.
  • Door-step Service- After you apply instant YES Bank Personal Loan online, the bank’s representative will collect the documents from your location.
  • Balance Transfer Facility- Borrowers can transfer their existing personal loans and debts with other lenders to YES Bank.

Loan Criteria To Apply Instant YES Bank Personal Loan Online

The YES Bank issues four types of personal loans as follows.

  • Quick Loan- This a pre-approved loan that YES Bank credit cardmembers can avail of to get instant loan disbursal and use the amount for travel, medical expenses, home renovation, etc.
  • Personal Loan for Holiday- A borrower can solely use this loan for travel expenses such as flight booking, hotel booking, etc.
  • Personal Loan for Wedding- Weddings mean multiple types of expenses, and one can apply instant YES Bank Personal Loan online for weddings to manage expenses such as shopping, jewelry, decorations, catering, etc.
  • Personal Loan for Home Renovation- Borrowers can apply for Instant YES Bank Personal Loan online to renovate and redecorate their house.
Loan Quantum Rs. 1 lakh to Rs. 40 lakh
Loan Tenure 12 months to 60 months
Rate of Interest 10.99% p.a. onwards
Processing Fee Up to 2.5% of the loan amount, but a minimum of Rs. 999

 

Payable Fees and Charges

Late Payment Fees 24% p.a. on the dues from the date of default
Charges for Cheque Swapping and Cheque Bounce Rs. 750 per event (Taxes are applicable)
Charges for Duplicate Repayment Schedule Rs. 750 per schedule
Charges for Statement of Account Rs. 750 per schedule
Duplicate of NOC/ Due Certificate Rs. 250 per event
Loan Cancellation or Loan Rebooking Charges Rs. 1000 (Taxes are applicable)
Stamp Duty & Other Statutory Charges As per the law of the respective state
Legal Charges At Actual

 

Conditional Foreclosure and Part-payment Facilities

The part-payment and foreclosure facilities are allowed only after the successful payments of the first 12 EMIs. And the applicable charges and conditions are as follows.

Foreclosure Charges 13th-24th EMI- 4% of the outstanding principal

25th-36th EMI- 3% of the outstanding principal

37th-48th EMI- 2% of the outstanding principal

After the 48th EMI- Nil

Part-payment Charges 2% on the part payment amount (Taxes are applicable)
Part-payment Condition 13-24 Months- 20% outstanding principal

2536 Months- 20% outstanding principal

37-48 Months- 25% outstanding principal

49-60 Months- 25% outstanding principal

 

Eligibility Criteria 

Both the salaried and the self-employed persons are eligible for the loan based on their age, monthly income, monthly expenses, employment history, current employer, time spent in the current residence, etc.

Documents Required

The following documents are needed to apply for Instant YES Bank Personal Loan online.

  • Identity Proof- Passport/ Aadhaar card/ voter’s ID card/ Driving License
  • Address Proof- Valid ID proof and the period of living in the address should be at least a year old.
  • Income Proof- Latest bank statements.
  • Signed application form.

How to apply instant YES Bank Personal Loan Online

  • Visit Roopya.com and put the required details in the application form and the EMI calculator.
  • The system will generate and represent the customized quotes for you on the screen.
  • Select YES Bank Personal Loan from that list to Apply Instant YES Bank Personal Loan online.
  • Now proceed to apply and upload the documents digitally.
  • You’ll get instant approval of the loan if everything is accurate and transparent.
  • Then the bank will collect the documents from you to process and disburse the loan.

Process to Check Loan Status 

  • Send an email to yastouch@yesbank.in along with your mobile number and the reference number of your loan application.
  • You can send an SMS to +91 95522 20020 by typing ‘HELP’ space ‘Customer ID’.
  • You can dial 1800-1200 or +91 22612 19000 if you are in India.

FAQs

  • How long I have to wait for the processing if I apply YES Bank Personal Loan Online?

Usually, YES Bank takes up to 5 working days to process a loan.

  • How can I get a repayment schedule from the lender?

When you apply YES Bank Personal Loan Online, You can request the lender for a copy of your repayment schedule and each statement costs Rs. 750.

  • How does the lender decide the applicable interest rate?

When you apply YES Bank Personal Loan Online, depending on the credibilities of the borrower such as income, employment, credit score, credit history, etc. YES Bank decides the applicable rate of interest for the borrower. A standard credit score, credit history, employment can get the borrower a comparatively low rate of interest.

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