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Yes Bank Gold Loan Interest Rate

Yes Bank Gold Loan 2021

Last Updated 19th Jul 2021

Yes Bank Gold Loan Interest rate starts at 9.99% with a loan tenure of 6 months to 36 months. Yes Bank jewel loans offer low interest with multiple repayment options including EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme. Yes Bank also offers agriculture gold loans with interest rates lower than the rates for regular customers Check Best Offers.

Yes Bank Gold Loan Rate 9.99% onwards
Processing Fee 0.48% of loan amount
Loan Tenure 6 months to 36 months
Loan Amount ₹ 25,000 to ₹ 10 Lakh
Prepayment Charges 1%
Gold Loan SchemeEMI Scheme, Bullet Repayment Scheme, Overdraft Scheme

Overdraft facility available

Apply for Gold Loan @ 9.50%* Get upto ₹ 500* Cashback Fix Branch Appointment

Yes Bank Gold Loan

Yes Bank gold loan can be availed by pledging your gold ornaments for meeting urgent personal expenses like children education, marriage and other financial emergencies in the family as well as for business purposes. The gold mortgaged acts as a security to the loan. Taking a loan from Yes Bank has the following benefits:

  • Yes Bank offers high jewel loan amount of up to Rs. 50 lakh with attractive features such as nil foreclosure or prepayment charges.
  • You can also get an agricultural gold loan from the bank at extremely low interest rates against proof of farming and an undertaking that the loan will be used for agriculture purposes.
  • The bank has also launched an attractive overdraft facility on its gold loan scheme for its selected customers. The scheme allows you to minimise your total interest outgo on the loan.

As on today, Yes Bank Gold loan interest rates are in the range of 9.99% to 9.99%. The lowest rate on Yes Bank gold loan decreased by 3% to 9.99% as on 12 Jul, 2021.

Current Yes Bank Gold Loan Interest Rate

Yes Bank gold loan interest rate currently starts at 9.99% and goes up to 9.99%.The lowest interest was decreased by 3% on 12 Jul, 2021. You can avail jewellery loan for any purpose for maximum tenure of 36 months Yes Bank offers a gold loan at lowest rates it is a secured loan and has multiple repayment options like gold loan EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme.

Yes Bank Gold Loan Details

  • Purpose of Gold loan: To meet personal and business expense requirements
  • Collateral: Loan against security of your gold jewellery
  • Type of Gold Accepted: Gold jewellery of up to 50 grams with a purity of 18 to 22 carat
  • Customer Segments: Yes Bank offers jewel loans to all individuals above 18 years of age including salaried, self-employed professionals, businessmen, students, pensioners and housewives
  • Gold Loan Features
    • Yes Bank Gold Loan Interest Rate starts from 9.99%
    • Yes Bank charges a processing fees of 0.48% of loan amount
    • Loan Tenure of Gold Loan ranges from 6 months to 36 months
    • Lowest EMI per lakh on Gold Loan from Yes Bank is offered at the lowest gold loan interest rate and at the longest loan tenure .
    • Yes Bank allows prepayment of jewel loans with 1% charges
  • Documents Requirement: Only basic KYC documents for address proof and income proof required. The bank doesn’t require you to submit your income proof or doesn’t check your CIBIL score for approving a gold loan.
  • Popular Gold Loan Schemes of Yes Bank

Comparison of Yes Bank Gold Loan with other Banks

Yes Bank offers gold loans at affordable interest rates. However, you must analyze multiple banks and their offers before applying for a jewellery loan.

Particulars Yes Bank SBI HDFC Bank
Current Interest Rate 9.99% - 9.99% 7.30% - 7.50% 9.50% - 15.00%
Previous Lowest Interest Rate 10.50% 9.99% 9.99%
Lowest Rate Difference -0.51% -2.69% -0.49%
Processing Fees 0.48% of loan amount 0.50% of the loan amount, minimum-₹ 500 1% of the loan amount
Loan Tenure 6 months to 36 months 3 months to 36 months 3 months to 24 months
Loan Amount ₹ 25,000 to ₹ 10 Lakh ₹ 20,000 to ₹ 50 Lakh ₹ 25,000 to ₹ 50 Lakh
Foreclosure Charges 1% Nil 1%
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 3,226 per lakh ₹ 3,101 per lakh ₹ 4,591 per lakh

How can I get a Gold Loan from Yes Bank ?

You can apply for a gold loan with Yes Bank directly through branch walk-in or by filling an online application form.

  • However, to get the best gold loan rate offers and comparison of all banks, you can apply online through MyLoanCare.
  • MyLoanCare will give you a detailed comparison of gold loan schemes of all banks, calculate your gold loan eligibility and connect you to the best bank for gold loan.
  • Customer representatives of the bank will get in touch with you instantly to fix up an appointment for branch visit.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

You can get a gold loan in a single branch visit during which Yes Bank will do an appraisal of your jewellery in terms of its purity and weight. In case the jewellery meets the bank standards, the bank will sanction your loan and give you an instant loan against the security of your gold jewellery.

Documents Required for Yes Bank Gold Loan

The documentation process of Yes Bank is smooth. You need to submit one proof of identity and one proof of address to get a Yes Bank gold loan. The list of identity and address proofs is as follows:

  • Identity proof: PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
  • Address proof: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement

Yes Bank Gold Loan Interest Rate Calculator

Lowest Gold Loan Interest Rate in Yes Bank is 9.99%. The factors that affect Yes Bank gold loan interest rate are loan amount, loan tenure and loan required as a percent of value of gold jewellery. Yes Bank’s existing account holders get a gold loan at best rates compared to other customers.

  • Loan Amount: The amount of gold loan you avail from Yes Bank depends on the weight of jewellery you can pledge with the bank. Yes Bank offers a loan per gram of gold which differs by the purity of gold and loan to value ratio offered. The Bank offers loan between between ₹ 25,000 and₹ 10 Lakh.The Yes Bank gold loan interest rate is lower for higher loan amounts.
  • Relationship with the Bank: Yes Bank offers special rates, offers and charges to the existing account holders of the bank. Those who have made their payments on time in the past can get the benefit of low gold loan interest rate from Yes Bank.
  • Loan tenure: Yes Bank offers gold loan for a tenure of 6 months to 36 months. The interest rate is higher for short tenure gold loans.
  • Loan to Value ratio: Maximum gold loan to value ratio on gold jewellery has been fixed at 75% by RBI. However, Yes Bank also offers loans at lower LTVs. Interest rate on loans with lower LTV will be lower compared to loans with higher LTV. Maximum LTV offered by Yes Bank is 75% calculated on net weight of gold in your jewellery.
  • Purpose of Loan: All banks, including Yes Bank also offer gold loan for agricultural purposes at low concessional rates, as the same is counted under priority sector lending targets of the bank. Yes Bank's gold loan interest rate for agricultural loans is generally lower by 1-2% compared to its gold loan rate for regular customers.

Yes Bank Gold Loan Charges

In addition to interest rates, Yes Bank also carry some other charges while offering gold loan which include:

  • Processing fees – Yes Bank charges minimum processing fees 0.48% of loan amount.To get the lowest fee, gold loan interest rates comparison, offers and cashback apply online through MyLoanCare.
  • Prepayment and foreclosure – Banks allow prepayment of gold loan and typically levy prepayment or foreclosure charges i.e. 1%.
  • Stamping charges - Stamping charges are charged for the transference of ownership of tangible assets. The charges are as per the respective State's Stamp Act.

Yes Bank Gold Loan Schemes

Yes Bank offers several gold loan products to meet your various financial requirements. These include loans with different repayment options

  • Gold Loan with EMI option
    • Interest of 3 to 6 months is charged upfront for a customer if the loan amount is less than ₹ 100,000
    • Loan is processed and disbursed in less than one hour.
    • No guarantor/ Co borrower required
  • Gold Loan with Overdraft facility
    • Yes Bank offers overdraft facility against gold, which allows the borrowers to withdraw funds or deposit surplus amount in the account during the loan tenure.
    • The borrower is required to pay an interest only on credit utilised.
    • This loan is of special use for self employed borrowers or salaried borrowers who earn annual bonuses.
  • Gold Loan for Agriculture
    • Yes Bank offers this scheme for farmers wherein, loan is offered to them against gold ornaments in order to meet farming expenses.
    • Presenting a proof of farming activity and ownership of an agriculture land is mandatory.
    • The end use of the gold loan must be mentioned by the borrower.
  • Gold Loan with EMI option
    • Yes Bank offers the option to repay your loan in Equated Monthly Instalments (EMIs) for customers holding an account with the bank.
    • EMIs consist of interest and a component of the principal amount. With each EMI, the interest component reduces, and the principal component increases.
  • Gold Loan Bullet Repayment Scheme
    • With Yes Bank, you can now pay the entire principal amount of the loan at the end of the tenure with gold loan bullet repayment scheme. The scheme offers gold loan amount ranging from Rs. 1 Lakh to upto Rs. 10 Lakhs.

FAQs

Has Yes Bank reduced the interest rate on the gold loan?

Yes, Yes Bank has reduced the lowest interest on gold loan as effective from 12 Jul, 2021. Presently, Yes Bank offers gold loans starting at 9.99%, which is a decrease of 3% from the previous rates of 12.99%.

How much gold loan can I avail from Yes Bank?

You can get upto ₹ 10 Lakh as a gold loan from Yes Bank. However, the maximum loan amount depends on the value of the gold you pledge. Yes Bank funds upto 75% of the gold value as loan.

How can I check my Yes Bank gold loan status?

You can check the status of Yes Bank gold loan by visiting the website and log in to the Yes Bank net banking. Once logged in, go to the track loan application in the loans section. In case you have applied for a gold loan through MyLoanCare website, log in to your MyLoanCare account, the status of your loan will be shown on the home page of your account. However, if you are concerned about the loan approval status, then in the case of a gold loan, the process of acceptance to disbursal is done within 24 hours.

Is gold loan Yes Bank available online? Is there a Yes Bank gold loan online payment facility?

Yes, you can apply for a gold loan online in Yes Bank to get a quick loan. Yes Bank offers a gold loan online payment facility. For online payments, you can use the netbanking facility. Apart you can also prompt automated payments of EMI from your regular savings or current account.

Are there any prepayment charges on Yes Bank gold loan?

Yes, you can prepay your jewel loan after paying prepayment charges. The applicable prepayment charges to foreclose loan from Yes Bank are 1% .Before enclosing your gold loan in advance, ensure that foreclosure of Yes Bank gold is beneficial in managing financial burden and does not hamper your debt to income ratio.

Does Yes Bank offer Agricultural Gold Loan?

Yes, Yes Bank offers gold loan for agriculture at 1- 2% lower interest rate than gold loan rates.You can apply loan by visiting a bank branch or online by logging in to the website or with us at MyLoanCare. Agriculture gold loan can be used by agriculturist to fulfil irrigational, or cultivation expenses.

What is the procedure for a gold loan in Yes Bank ?

To apply for a gold loan in Yes Bank visit the nearest bank branch or log in to the official website. Also, you can apply with MyLoanCare to get the best offers. Before applying ensure you meet the Yes Bank gold loan eligibility criteria and keep your documents handy. Most importantly, be informed of the purity check of your gold.

Does Yes Bank offer additional on gold loan interest rate for women?

No, Yes Bank offer the same gold loan interest rate to all the borrowers, they do not offer lower interest to women borrowers. However, the interest rate is lower for people who take loans for agricultural purposes.

Can Yes Bank gold loan interest rate be negotiated?

Yes, Yes Bank gold loan rate can be negotiated. There are chances that banks will lower the interest rate if you already have an account with the bank or you have a stable source of income. Further, a larger loan amount can help you grab a gold loan at lower interest rates.

How long does it take to process Yes Bank Gold Loan?

The gold loan can be disbursed quickly within a few hours. It takes around 90 to 120 minutes to process loan. Further, it depends upon your eligibility, and the quality of the pledged gold.

What are the benefits for Yes Bank account holders while getting a Gold loan?

Yes Bank account can avail a gold loan for a maximum of 75% of the value of the gold at the lowest rate starting at 9.99%. The bank also provides gold loan without any income proof and CIBIL requirement.

What happens if Yes Bank Bank gold loan is not paid?

If you do not repay your Yes Bank Bank gold loan, you will have to pay a late payment penalty of 2.00%. Further, you may loose all you pledged gold, if you skip your Yes Bank gold loan payment entirely. Also, even when cibil score is not a criteria to avail gold loan, yet, prepaying Yes Bank gold loan on time, can boost your credit score and vice versa.

Will Yes Bank gold loan affect CIBIL score?

Yes, if you default on repaying your Yes Bank gold loan EMI, it will affect your CIBIL negatively and similarly, paying the dues on time will improve your CIBIL.


Yes Bank Gold Loan Reviews 4.7/5  by 92 customers
MyLoanCare Service
4.8/5.0
Banks Service
4.6/5.0
Parshant, Kurukshetra
Reviewed on 11th May 2021
4 / 5 stars
Yes Bank Gold Loan Availed in May 2021

Good service and very good staff who guides and supports you well.Read more...

Chitikeshi, Hyderabad
Reviewed on 09th Apr 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Apr 2021

Excellent service from MyLoanCare and Yes Bank.Read more...

Vijay Reddy, Hyderabad
Reviewed on 02nd Apr 2021
3.5 / 5 stars
Yes Bank Gold Loan Availed in Mar 2021

Quick response and good follow up from MyLoanCare.Read more...

Bobburi, Hyderabad
Reviewed on 31st Mar 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Mar 2021

Nice service provided by MyLoanCare executive. Helped in identifying the best banks.Read more...

Sandeep, Mumbai
Reviewed on 27th Mar 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Mar 2021

Good Loan Processing. Smooth processing of gold loan. Good team work.Read more...

Anupama, Kolkata
Reviewed on 24th Mar 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Mar 2021

Loan processing was fast. It was the first time, I applied for loan. It was very fast and satisfactoRead more...

Gurumurthy, Bangalore
Reviewed on 12th Mar 2021
4 / 5 stars
Yes Bank Gold Loan Availed in Mar 2021

We are very happy. Good program. If possible please reduce some of the documents. Read more...

suhasini, Bangalore
Reviewed on 03rd Mar 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Feb 2021

Very good service and loan disbursement. Excellent customer support.Read more...

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Yes Bank Gold Loan News - Jul 2021
  • 2021-07-08 : Yes Bank loans, advances shrink marginally at Rs 1.63 lakh cr by end of June quarter
    Yes Bank loans and advances that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Gold Loan, Car Loan and Top-up Loan, fell by a marginal 0.4% to Rs 1.63 lakh crore by the end of June 30, 2021, data from the bank showed on Monday. The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4% on a year-on-year basis.
  • 2021-07-06 : Yes Bank - Loans, advances shrink in Q1 over Covid-19 impact
    Yes Bank loans and advances shrank in the Q1 FY22 on a year-on-year basis and also sequentially, reflecting the economic and business impact of the Coronavirus (Covid-19) pandemic. Sequentially, the loan book that includes Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Two-wheeler Loan, Car Loan, Gold Loan, Doctor Loan, Mudra Loan, etc. contracted by 1.8% to Rs 1,63,914 crore at the end of June 2021 from Rs 1,66,893 crore in the previous quarter ended March 2021.
  • 2021-06-23 : Yes Bank aims to double retail loan book in 3 years
    Yes Bank aims to double their retail loan book that includes personal loan, business loan, home loan, loan against property, top-up loan, professional loan, personal loan, gold loan, car loan, consumer loan and mudra loan in the next three years. Their SME book has already improved to 51% from 44% last year with the target to reach around 60% in the next two years.
  • 2021-03-09 : YES Essence, a holistic banking proposition for women launched
    YES Bank launched YES Essence, a holistic banking proposition for women across different customer segments. YES Essence provides offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment. The banking proposition is aiming to aid women to fulfil their aspirations.
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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