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Yes Bank Personal Loan
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Rate of interest
10.99% to 15%
Loan Amount
50,000 to 50 Lakhs
Processing Fee
0.75% to 1.5%
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Tenure
1 year to 7 years
Rate of interest %
10.99% to 15%
Loan Amount
50,000 to 50 Lakhs
Processing Fee
0.75% to 1.5%
Tenure
1 year to 7 years
Features
Prominent Feature of a Personal Loan From Yes Bank.
Loan Amounts From ₹ 50k to ₹ 40 Lakhs are offered as a Personal Loans.
Repayment Tenure is offered for a Personal Loan from 12 to 60 months.
The YES Bank Provides a Personal Loan to customers employed is listed and open market companies.
The minimal CIBIL Score for YES Bank Personal Loan is 720 points and above.
First-time Personal Loan applicants without a CIBIL Score are eligible to apply.
The Method of Repayment is by EMI(monthly equated installments)
Products
New Personal Loan
The YES Bank offers a Personal Loan to first-time loan seekers with no previous CIBIL history. The net salary required in 25k or more transferred to the bank account. The applicant should have the required documentation proof to apply and meet the Yes Bank Personal Loan eligibility criteria requirements.
Personal Loan Balance Transfer
The YES Bank offers to take over the balance of the personal loan of applicants running their loans with other Banks. Benificial terms and discounted interest rates are provided for customers with a track record of timely repayments.
Conditions are that the EMI is being paid timely and the pre-closure terms of the parent Bank are met. After approval of the request, the YES Bank will pay the loan balance to the parent Bank via Bankers draft. A new loan will be structured with YES Bank, and an additional amount as a Top Up is also offered with a Balance transfer.
Personal Loan Top Up
Personal Loan holders with YES Bank can apply for an additional amount when required as a "Top Up" to the exixting loan. A Top Up is granted after paying a minimun of 6 EMI the applicant should be eligible for the extra loan and meet the required terms and conditions. After a Top Up is approved, the current loan is closed and a new loan account generated this includes the principal balance of the existing loan with the Top up amount aaded.
Eligibility Criteria
The YES Bank issues a Personal Loan to all Indian citizens as per the following criterion:
The applicant must be above 21 years of age and can pay the EMI of the loan until 60 years.
Education qualification of graduation or above is required to be eligible to apply.
The application must be gainfully employed for more than two years and earn a net salary of 25k or more monthly.
The monthly salary must be credited directly to the salary account of the applicant.
The employer of the applicant must be registered as Limited, Pvt Limited, Government organization, or PSU.
The Applicant should have financial eligibility for the YES Bank Loan, which can be calculated with the help of the YES Bank Personal Loan eligibility calculator.
Fees and Charges
YES Bank Personal Loan Interest.
The YES Bank Personal Loan interest rates starts from 10.75% to 22% and is applied at a reducing the balance. The interest is charged as the net income of the applicant and the loan amount required.
Processing Fees
The processing fee is one-time file charge, a percentage of the loan ampunted disbursed. The cost is deducted from the loan and is not to be paid in advance Charges are 0.75% to 1.5% of the loan amount, and discounts are given for increased loan amounts.
Pre-closure/Part Payment Charges
Customers wanting to pay back the loan amount or a part before the completion of the loan tenure can do so after 12 EMI have been repaid. Charges will apply from 2% to 4% of the paid amount.
Documnets Required
KYC documents
Identity/Age proof: Passport/ Driving license/PAN Card/ Voter’s card/ School or college leaving certificate.
Address proof: Passport/ Driving License/ Telephone bill/ Rent Agreement/ Electricity bill/ Pass Book and latest receipt of cooking gas refill.
Income Documents
Income Proof Salary Slips for the last three months.
Bank statement for the last three months with salary credits.
Continuity Proof: Form 16 for the last two years/ Appointment letter.
Policies
Bank / NBFC :
Yes Bank
Applicable to :
salaried
NTH Salary:
Above 25.ooo ₹
Age (Min/Max):
Loan Amt (Min /Max):
CIBIL (0 / -1):
Tenor (Min /Max):
Hostel Accommodation:
Listed/Non-Listed MCA:
Present Employment:
Total Employment:
Minimum Locking period :
Balance Transfer (BT):
Top up Policy:
Foreclosure/partial Policy:
21 yrs. / 60 yrs
0.5 lakh / 50 lakh
12 / 60 months
No
Yes
Only Listed companies.
1 month
2 years
1 EMI
Up to 5 BTs
Allowed after 3 months.
After 12 EMI
Qredit
FINSAMUDRA PRIVATE LIMITED,
1ST FLOOR, NO.3013/7, SIMHA ARCADE, MKK road , Bangalore
560021 ( opposite metro pillar 207 )
