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 …
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
Loan Criteria To Apply Instant YES Bank Personal Loan Online
The YES Bank issues four types of personal loans as follows.
|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
25–36 Months- 20% outstanding principal
37-48 Months- 25% outstanding principal
49-60 Months- 25% outstanding principal
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.
The following documents are needed to apply for Instant YES Bank Personal Loan online.
How to apply instant YES Bank Personal Loan Online
Process to Check Loan Status
Usually, YES Bank takes up to 5 working days to process a loan.
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.
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.
SBI personal loan offers the most attractive interest rate in 2021
Standard Chartered Bank offers personal loan amounts ranging from Rs.