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Yes Bank Gold Loan Interest Rate

Yes Bank Gold Loan: Details 2022

Last Updated 04th May 2022

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 0.1% 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 @ 9.00%* Get upto ₹ 500* Voucher Fix Branch Appointment

Yes Bank Gold Loan

You can avail Yes Bank gold loan by pledging your gold ornaments for meeting urgent personal expenses like children's education, marriage and other financial emergencies in family or business. The gold mortgaged acts as a security to the loan. You can avail following benefits by availing gold loan in Yes Bank bank:

  • 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.

Current Yes Bank Gold Loan Interest Rate

Yes Bank gold loan interest rate currently starts at 9.99% from the previous rate of 8.99%. The lowest gold loan rate of interest in Yes Bank was increased by 1% on 11 Jan, 2022. You can avail jewellery loans for any purpose for a maximum tenure of 36 months. Yes Bank offers a gold loan at the cheapest rates as it is a secured loan and has multiple repayment options like the 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 rates starts from 9.99%
    • Yes Bank charges a processing fee of 0.1% of loan amount
    • Loan Tenure of Gold Loan ranges from 6 months to 36 months
    • The 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
  • Gold Loan Yes Bank Bank Popular Gold Loan Schemes

Documents Required for Yes Bank Gold Loan

The documentation process of Yes Bank is smooth. You need to submit one proof of identity and address to get an 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

Comparison of Yes Bank Gold Loan Interest Rates and Other Charges with Top Banks

Gold loan interest rates in Yes Bank are very affordable. 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% 7.40% - 7.40% 9.00% - 15.00%
Previous Lowest Interest Rate 8.99% 8.99% 8.99%
Lowest Rate Difference 1% -1.59% 0.01%
Processing Fees 0.1% of loan amount 0.25% of the loan amount, minimum-₹ 500 0.50% 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 ₹ 10 Lakh
Foreclosure Charges 1% Nil Zero prepayment charges post 6 months
Repayment Options Y Y Y
Lowest EMI Per Lakh ₹ 3,226 per lakh ₹ 3,106 per lakh ₹ 4,568 per lakh

How Can I Get a Gold Loan from Yes Bank at the Best Interest Rates?

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

  • 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 loans.
  • Customer representatives of the bank will instantly contact you to fix up an appointment for a 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. If 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.

Yes Bank Gold Loan Interest Rate Calculator

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

  • 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 loans between ₹ 25,000 and ₹ 10 Lakh. The gold loan interest rate Yes Bank 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 benefit from a low gold loan interest rate from Yes Bank.
  • Loan tenure: Yes Bank offers gold loans 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. The interest rate on loans with lower LTV will be lower compared to loans with higher LTV. The maximum LTV offered by Yes Bank is 75% calculated on the net weight of gold in your jewellery.
  • Purpose of Loan: All banks, including Yes Bank, also offer gold loans 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 carries some other charges while offering gold loans which includes:

  • Processing fees – Yes Bank charges minimum processing fees of 0.1% of loan amount. To get the lowest fee, gold loan interest rates comparison, offers and Voucher apply online through MyLoanCare.
  • Prepayment and foreclosure – Banks allow prepayment of gold loans 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?

No, Yes Bank has increased its gold loan rates by upto 1%. The lowest rate on Yes Bank gold loans has been increased to 9.99% from the previous rate of 8.99%. Yes Bank new rates are effective from 11 Jan, 2022.

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 a loan.

How can I check my Yes Bank gold loan status?

You can check the loan status of the Yes Bank gold loan by visiting the website and logging in to the Yes Bank net banking. Once logged in, go to the track loan application in the loans section. If you have applied for a gold loan through the MyLoanCare website, log in to your MyLoanCare account, and the status of your loan will be shown on the homepage 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 an 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 the loan from Yes Bank are 1%. Before enclosing your gold loan in advance, ensure that foreclosure the of Yes Bank gold is beneficial in managing the financial burden and does not hamper your debt to income ratio.

Does Yes Bank offer Agricultural Gold Loan?

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

Does Yes Bank offer an additional discount on gold loan interest rates for women?

No, Yes Bank offers 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 the Yes Bank gold loan interest rate be negotiated?

Yes, the gold loan rate of Yes Bank 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. You can check Gold loan per gram in SBI bank before you avail of loan.

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 a loan. Further, the time to process a gold loan may also depend 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 holders 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 without any income proof and CIBIL requirements.

What happens if the 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. Further, you may lose all your pledged gold if you skip your loan payment entirely. In addition, failure to repay your gold loan will also impact your credit score negatively.

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 97 customers
MyLoanCare Service
4.8/5.0
Banks Service
4.6/5.0
Arjun Ramesh, Pune
Reviewed on 10th Jan 2022
5 / 5 stars
Yes Bank Gold Loan Availed in Jan 2022

Fast service, great customer service. Will definitely refer to friends and family.Read more...

Akash,
Reviewed on 03rd Dec 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Dec 2021

All the service executive are good. I am happy with youe service Read more...

Nirmal, Rajkot
Reviewed on 17th Aug 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Aug 2021

Very good service. I like it. Very fast, safe and reliable.Read more...

Vamsi, Visakhapatnam
Reviewed on 14th Jul 2021
2.5 / 5 stars
Yes Bank Gold Loan Availed in Jul 2021

Thankyou in helping out of advising, but please see the cash back is received on time Read more...

Ganesh, Thane
Reviewed on 14th Jul 2021
5 / 5 stars
Yes Bank Gold Loan Availed in Jul 2021

Good service, fast process and easy documentation. No hidden charges.Read more...

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...

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Yes Bank Gold Loan News - May 2022
  • 2022-01-04 : Yes Bank Reports 4 Percent Growth in Advances by December-end
    Yes Bank has reported a 4 per cent growth in advances. The deposits rose by 26 per cent year-on-year to Rs 1,84,289 crore at the end of December 2021, as against Rs 146,233 crore in the same period.
  • 2021-10-04 : Yes Bank Posts Growth in Loans and Deposits
    Yes Bank has posted growth of 3.6% (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).
  • 2021-09-06 : Yes Bank Revises Gold Loan Rates
    Yes Bank has revised the gold loan interest rates to 8.99%. The bank is also charging a processing fee of 0.1% of the loan amount.
  • 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.
*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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