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Features of YES Bank Personal Loans

  • Loan Amount Range: Minimum: ₹1 Lakh
    Maximum: Up to ₹40 Lakh
    This wide range allows borrowers to cover various expenses, from small personal needs to significant investments like weddings or home renovations.
  • Competitive Interest Rates: Starting from 10.75% to 11.25% per annum (fixed rates only; no floating rates offered).
    Interest rates vary based on factors like credit score, income, employment status, and employer profile. Applicants with a credit score of 750 or above may secure lower rates.
  • Flexible Tenure: Repayment tenure ranges from 12 to 60 months (1 to 5 years).
    Borrowers can choose a tenure that suits their financial situation, reducing pressure on monthly budgets. The YES Bank EMI calculator helps determine monthly installments based on loan amount, interest rate, and tenure.
  • No Collateral Required: YES Bank personal loans are unsecured, meaning no collateral, security, or guarantors are needed. This makes the loan accessible to a broader range of applicants.
Personal Loan Promotion
  • Quick Approval and Disbursal: In-principle approval within 60 seconds using the online eligibility checker. Loan processing typically completed within 3–5 days, and disbursal is within hours of approval, ideal for urgent needs like medical emergencies.
  • Flexible Usage: The loan can be used for various purposes, including:
    - Weddings
    - Travel/holidays (flight tickets, hotel charges, travel accessories)
    - Medical emergencies
    - Home renovation/remodeling
    - Shopping or other personal expenses
    This versatility makes it suitable for both planned and unforeseen financial needs.
  • Balance Transfer Facility: Borrowers can transfer existing personal loans from other banks or NBFCs to YES Bank at lower interest rates, potentially reducing EMI burdens. Requires repayment track record of the past 12 months and details of the existing loan (principal, interest rate, tenure).
  • Part-Prepayment and Foreclosure Options: Part-prepayment allowed after paying 12 EMIs, enabling borrowers to reduce the outstanding principal. Foreclosure permitted after 12 EMIs with charges of 2% to 4% on the outstanding principal amount. These options provide flexibility to manage loan repayment efficiently.
  • Top-Up Facility: Available for existing YES Bank personal loan customers needing additional funds. Subject to eligibility and repayment history.
  • Hassle-Free Application Process:
    - Online Application: Apply through the YES Bank website, mobile app, or third-party platforms like BankBazaar, Paisabazaar, or IndiaLends. Requires basic details (name, income, PAN, etc.) and document submission.
    - Offline Application: Visit a YES Bank branch with necessary documents for assistance from bank representatives.
    Minimal documentation ensures a smooth process.
  • EMI Calculator: YES Bank provides an online EMI calculator to estimate monthly installments based on loan amount, interest rate, and tenure. Helps borrowers plan repayments and choose a suitable tenure.
  • Loan Status Tracking: Track application status online via the YES Bank website (using application reference number or login credentials) or through partner platforms, SMS, or email.
  • Customer Support: 24/7 customer care through toll-free numbers, email, or online grievance forms. Dedicated grievance redressal officers and nodal officers for unresolved issues . Ensures quick resolution of queries related to loan disbursal, EMI, or statements.
  • Transparency in Charges:
    - Processing Fees: Typically charged but not specified in the sources (varies by loan amount and applicant profile).
    - Foreclosure Charges: 2%–4% of outstanding principal after 12 EMIs.
    - Duplicate Repayment Schedule: ₹750 per schedule.
    - Statement Charges: ₹750 per loan statement. No hidden costs, with clear communication of applicable fees.
  • Eligibility Checker: Online tool to check eligibility in 60 seconds by entering details like age, income, employment history, and expenses. Helps applicants assess their chances before applying.
Personal Loan Benefits

Benefits of YES Bank Personal Loans

  • Flexible Loan Amounts: Borrow from ₹1 Lakh to ₹40 Lakh, catering to small expenses (e.g., shopping) or large investments (e.g., weddings, home renovations).
  • Competitive Interest Rates: Starting at 10.75% to 11.25% p.a., with lower rates for applicants with high credit scores (750+), making repayments affordable.
  • No Collateral Required: Unsecured loans, eliminating the need for assets, guarantors, or security, simplifying the borrowing process.
  • Quick and Hassle-Free Process: In-principle approval in 60 seconds via online eligibility checker. Loan processing within 3–5 days and disbursal within hours of approval, ideal for urgent needs like medical emergencies.
  • Versatile Usage: Use funds for any purpose, including travel, weddings, medical expenses, home remodeling, or personal purchases, offering financial flexibility.
  • Flexible Repayment Tenure: Choose tenures from 12 to 60 months, allowing manageable EMIs tailored to your budget. The EMI calculator aids in planning.
  • Balance Transfer Facility: Transfer high-interest loans from other banks/NBFCs to YES Bank for lower rates, reducing EMI burden and interest costs.
  • Part-Prepayment and Foreclosure Options: Part-prepay or foreclose after 12 EMIs (foreclosure charges: 2%–4% of outstanding principal), helping save on interest and clear debt early.
  • Top-Up Loan Facility: Existing borrowers can access additional funds for new needs, subject to eligibility and repayment history.
  • Minimal Documentation: Requires basic documents (identity, address, income proof, photograph), streamlining the application process online or offline.
  • Transparent Charges: Clear disclosure of fees (e.g., processing, foreclosure, statement charges), ensuring no hidden costs.
  • Convenient Application and Tracking: Apply online via YES Bank’s website, mobile app, or partners (e.g., BankBazaar, Paisabazaar) or offline at branches. Track loan status online or via customer care for real-time updates.
  • Robust Customer Support: 24/7 assistance through toll-free numbers (1800 1200), email (yestouch@yesbank.in), SMS, or grievance redressal channels, ensuring quick query resolution.
  • Online Tools for Planning: EMI calculator to estimate monthly installments and eligibility checker to assess loans approval chances in seconds.
  • Accessibility for Salaried Individuals: Tailored for salaried applicants (21–60 years, minimum income ₹25,000/month), with relaxed eligibility for those with good credit profiles.
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How to Apply for a YES Bank Personal Loan

  • 1. Online Application: Visit the YES Bank website, mobile app, or partner platforms like BankBazaar or Paisabazaar to start your application.
  • 2. Check Eligibility: Use the eligibility checker by entering details such as income, EMIs, and employment details to receive instant approval feedback.
  • 3. Fill Application Form: Enter personal, employment, and loan details like amount, tenure, purpose, and PAN.
  • 4. Upload Documents: Submit scanned copies of identity, address, and income proof in required formats (PDF/JPEG/PNG).
  • 5. Submit Application: Review and submit your application to receive a reference number for tracking.
  • 6. Verification: YES Bank verifies the documents and performs a credit check within 3–5 days.
  • 7. Approval and Disbursal: On approval, sign the loan agreement digitally and receive disbursal within hours.
  • Offline Option: Visit the nearest YES Bank branch, fill out a physical form, and submit documents for manual processing and disbursal.

Eligibility Criteria for YES Bank Personal Loans

  • Age:
    • Minimum: 21 years at application
    • Maximum: 60 years at loan maturity
  • Employment Type:
    • Salaried individuals in public/private sector or reputed organizations
  • Minimum Income:
    • Net monthly salary of ₹25,000 or more
  • Credit Score:
    • Preferably 750 or higher for better approval chances and interest rates
  • Work Experience:
    • At least 2 years total, with minimum 6 months in current job
  • Residential Status:
    • Must be an Indian resident with valid address proof
  • Existing EMI Obligations:
    • Total EMI outflow should ideally not exceed 50–60% of monthly income
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Documents Required for YES Bank Personal Loans

  • Identity Proof (Any one of the following): Aadhaar card, PAN card (mandatory), Passport, Voter ID, Driving license
  • Address Proof (Any one of the following): Aadhaar card, Passport, Utility bill (not older than 3 months), Rental agreement, Voter ID, Driving license
  • Income Proof: Last 3–6 months’ salary slips, Last 3–6 months’ bank statements, Form 16 (1–2 years), ITR (optional, for higher loan amounts)
  • Photograph: Recent passport-sized photograph (1–2 copies)
  • Employment Proof (if requested): Appointment letter or employment certificate, Company ID card, Proof of employment continuity
  • Additional Documents for Balance Transfer (if applicable): Loan account statement from existing lender, Repayment track record for the last 12 months

Factors for YES Bank Personal Loans

  • Credit Score: A strong credit score (750+) improves approval chances and interest rates. Lower scores may lead to higher interest or rejection.
  • Income Level: Minimum monthly income is ₹18,000–₹25,000 based on location. FOIR of 40–50% is used to assess repayment capacity.
  • Employer Profile: Employees of reputed organizations or MNCs may get lower interest rates.
  • Loan Amount and Tenure: Loans from ₹1 lakh to ₹40 lakh for 12 to 60 months. Tenure affects EMI and total interest.
  • Credit History: A clean repayment record improves eligibility. YES Bank checks credit reports for past behavior.
  • Residence Stability: Longer stays at current address indicate stability and may help loan approval.

Frequently Asked Questions (FAQs)

What is a YES Bank Personal Loan?
A YES Bank Personal Loan is an unsecured loan offered to salaried and self-employed individuals for various personal needs like weddings, travel, medical emergencies, or debt consolidation. No collateral or guarantor is required.
Who is eligible for a YES Bank Personal Loan?
- Salaried Individuals: 21–60 years old, minimum monthly income ₹18,000–₹25,000 (varies by location), at least 1 year in current job
- Self-Employed Professionals: 21–60 years old, minimum 3 years in the same business/location
- A good credit score (preferably 750+) and low existing debt are crucial
What is the loan amount and tenure offered?
Loan amounts range from ₹1 lakh to ₹40 lakh.
Tenure options: 12 to 60 months (1–5 years).
What are the interest rates for YES Bank Personal Loans?
Interest rates start at 10.99% per annum.
Final rate depends on credit score, income, employment type, and employer profile.
What documents are required to apply?
- Identity Proof: Aadhaar, PAN, passport, voter ID, or driving license
- Address Proof: Utility bill, rental agreement, passport
- Income Proof: Last 3–6 months' salary slips/bank statements/ITR
- Others: Passport-size photo, credit report
How can I apply for a YES Bank Personal Loan?
- Online: Through YES Bank website, mobile app, or third-party platforms (e.g., Paisabazaar, BankBazaar)
- Offline: Visit YES Bank branch with documents
Approval in as fast as 60 seconds; processing completes within 5 days.
What is the processing fee for a YES Bank Personal Loan?
A processing fee of up to 2.5% of the loan amount is charged (subject to minimum/maximum caps).
Are there any other charges?
- Foreclosure: 2%–4% of outstanding principal (after 12 EMIs)
- Part-Prepayment: Allowed after 12 EMIs; charges apply
- Statement Charges: ₹750 per statement
- Late payment and bounce charges may apply
Can I prepay or foreclose my YES Bank Personal Loan?
Yes, allowed after 12 EMIs:
- Foreclosure: 2–4% charge on outstanding principal
- Part-prepayment also permitted as per bank policy
What is the minimum credit score required?
A credit score of 750+ is preferred for better approval chances and lower interest.
Lower scores may still qualify but could face higher rates or require guarantors.
How is the loan amount determined?
Based on:
- Income
- Credit score
- Existing financial obligations (FOIR 40%–50%)
- Employment stability and repayment capacity
How long does it take to get the loan disbursed?
After approval, funds are disbursed within hours.
Full process typically completes within 5 days, depending on document verification.
Can I use the loan for any purpose?
Yes, for:
- Travel, weddings, medical, education, home renovation
- Debt consolidation, personal expenses
No restrictions unless specified by the bank.
Is collateral or a guarantor required?
No. YES Bank Personal Loans are unsecured — no collateral or guarantor required.
Can I check my loan eligibility online?
Yes. Use YES Bank’s eligibility calculator online.
Enter age, income, and employment details to check eligibility in 60 seconds.

List of YES Bank Personal Loan Schemes

  • Yes Bank Multi-purpose Personal Loans
  • Yes Bank Instant Personal Loans
  • Yes Bank Short-term Personal Loans
  • Yes Bank Personal Loan for Travel
  • Yes Bank Personal Loan for Wedding
  • Yes Bank Personal Loan for Home Renovation
  • Yes Bank Personal Loan for Medical Emergency
  • Yes Bank Personal Loan for Students