4,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Personal Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Yes Bank Personal Loan

Online Yes Bank Personal Loans

Last Updated 08th Nov 2021

  • Yes Bank Personal Loan interest rate starts from 10.70%. Check Best Offers
  • The processing fee charged on Yes Bank personal loan is Upto 2.50%.
  • Yes Bank also offers pre-approved personal loans at low rates for customers with strong credit history and those with an existing account with the bank.
  • The bank has an online application process where the KYC and documents submission can be done digitally.
  • You can easily check the status of your Yes Bank personal loan application status on a real time basis on the bank’s website or by visiting their customer care centre.
  • Yes Bank has special schemes for different income and occupation groups.
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

Yes Bank Personal Loan Details

  • Interest Rate on Yes Bank personal loan ranges from 10.70% to 19.99%.
  • Lowest EMI per lakh works out to be ₹ 2,159 , as calculated on the lowest rate and longest loan tenure.
  • Personal Loans by Yes Bank are available for salaried working with government, private sector, MNCs and self-employed professionals such as doctors within the age group of 21 to 60 years.
  • Loan amount can range from ₹ 2 Lakh to ₹ 20 Lakh
  • Yes Bank Personal Loan can be availed for a period of 12 months and can go up to 60 months.
  • Processing Fees charged by Yes Bank on personal loan is Upto 2.50%
  • Yes Bank allows personal loan foreclosure and part prepayment after 12 months with charges of Up to 4%.
  • Yes Bank also has various other post loan disbursement charges including
    • Cheque Bounce Charges - ₹ 750
    • Loan Cancellation Charges - ₹ 1000
    • Additional Repayment Charges - ₹ 750 + GST
    • Other Charges - ₹ 750
  • Schemes of Yes Bank as offered to different type of borrowers in 2021 are:

How to Get the Best Offer on Yes Bank Personal Loan?

There are various factors that impact your chances to get the best offers on Yes Bank Personal Loan, as listed follows:

  • Loan Amount - Yes Bank offers loans between ₹ 2 Lakh and ₹ 20 Lakh and charges lower rates on higher loan amount and vice-versa, so apply accordingly.
  • Salary - Yes Bank offers personal loan to all customers with a net take home monthly salary of more than ₹ 18,000. The rate of interest is higher if you fall in the low salary bucket and lower if you fall in higher income bucket.
  • Employer Category - Yes Bank has clubbed the companies in a high to low category based on internal assessment of company’s size, reputation, profitability etc. When you apply for Yes Bank personal loan, the bank will decide on your interest rate based on the company category you fall in. MyLoanCare can also help you check which category of company you qualify in to help you get the best offer.
  • Relationship with the Bank - Yes Bank offers special rates to the existing customer of the bank, who have a high likelihood of getting loans at lowest interest rate starting at 10.70%
  • Credit Score - Yes Bank checks the CIBIL score of personal loan customers which has to be minimum of 650. Higher the CIBIL Score, higher is your chance of securing best offer.

Yes Bank Personal Loan Documents

You require the following documents to avail personal loan from Yes Bank

  • Filled up loan application form or an online form, if you are applying online
  • 2 Passport Size Photo
  • Identity Proof – One of the following: Driving License, PAN, Passport, Voter ID, Aadhaar Card
  • Residential Address Proof – One of the following: Registered Rent Agreement, Passport, Leave and Liceincreasnse, Utility Bill of last three months
  • Income Documents – Copy of Form 16 of last 2 years, 3 month pay slip, 3 months bank statement showing salary credit and any EMI debit

Types of Yes Bank Personal Loan Schemes

Yes Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

YES BANK Personal Loan for Holiday
  • You can avail of Yes Bank personal loan for holidays to plan your dream holiday with your loved ones for a loan amount upto Rs. 40 lakhs. It covers most of your expenses, including flight tickets, hotel charges, travel accessories and more, depending on various eligibility factors such as income, age, CIBIL.
YES BANK Personal Loan for Wedding
  • With Yes Bank Personal Loan for a wedding, you can finance one of the most important days of your life. You can avail of loan amount ranging from Ra. 1 lakh to Rs. 40 Lakh based on your loan eligibility and fulfil various expenses for the wedding such as jewellery, clothing, decoration, catering etc.
  • You can avail of a personal loan to redecorate or refurbish your household space with YES BANK personal loan for Home Renovation. The funds you can avail of will vary on your profile, including your credit score, income, employment history; however you can avail of loan amount upto Rs. 40 Lakh.

How to Apply for Yes Bank Personal Loan?

The step-by-step procedure to get a personal loan online from Yes Bank is mentioned below:

  • Visit the official website of Yes Bank Or contact your nearest Yes Bank branch.
  • Now, fill personal, professional and financial details as required by the lender and submit the form.
  • Once you have submitted the application form, Yes Bank will check your eligibility and provide you with information about the eligible amount you can avail.
  • If you agree to process the application, then you would be required to submit the essential documents which can also be uploaded online.
  • Finally, your documents will be processed by Yes Bank, and on successful approval of the loan, the funds will be disbursed to your Yes Bank account immediately.

You can also apply for Yes Bank personal loans by visiting their branch or by calling their customer care centre.Offline mode are mentioned below:

  • Visit the nearest Yes Bank branch and fill in the application form with the loan amount required, your personal details, occupation information and your contact number.
  • The Yes Bank representative will explain about the eligibility of the loan as well as the loan rates, terms as well as processing fees, prepayment and foreclosure clauses.
  • After submitting the application form and required documents, you will be provided with an application reference number. You can use the same number to track the status of your Yes Bank Personal Loan application.
  • On successful verification, the loan can get disbursed immediately after loan sanction and signing of the agreement.
Illustration on Personal Loan Yes Bank
Maximum Annual Percentage Rate (APR) 10.7% to 19.99%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 12 Months to 60 Months
  • Yes Bank Personal Loan Interest Rate: 10.70% to 19.99%
  • Processing Fee payable to: NIL
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 2,159 for 60 Months ₹ 1,00,000 loan at 10.70% (lowest rate, longest time period) to ₹ 9,263 for 12 Months ₹ 1,00,000 loan at 19.99% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 10.7% to 19.99%
  • Total cost payable over loan tenure: ₹ 1,05,890 for 12 Months loan to ₹ 1,29,559 for 60 Months loan

Personal Loan from Other Banks in India

FAQs

How much time will the Yes Bank take to take a decision on my personal loan?

Banks generally convey their decision on a loan within 15 days of submitting a loan application. However, some banks also offer instant loan offers, which can be approved within a few hours to 2-3 days.

Why should I take a personal loan from Yes Bank ?

Below-mentioned is the reason why you must avail a personal loan from Yes Bank.(1) Online approval & disbursal during Covid (2) Nil foreclosure charges after 12 EMIs (3) Special offers for top corporate (4) Part payment facility available (5) Top up on existing loan

How much interest is charged by Yes Bank on personal loan?

Personal loan interest rates in Yes Bank are 10.70% to 19.99%. Yes Bank personal loan interest rate for salary account holders are comparatively lower than that for other customers.

What is the lowest EMI per lakh on personal loan from Yes Bank ?

If you apply for loan from Yes Bank, your lowest Personal Loan EMI per lakh will be ₹ 2,159 which corresponds to lowest interest rate of 10.70% and longest tenure of 60 years.

What is the minimum and maximum tenure of personal loan in Yes Bank?

Yes Bank personal loan has a minimum tenure of 12 months to maximum 60 months.

How much personal loan amount I can borrow from Yes Bank?

Yes Bank offers you loan if you need a minimum amount of ₹ 2 Lakh to a maximum amount of ₹ 20 Lakh

Can I add my spouse's income while applying for personal loan from Yes Bank?

Yes, you can add the income of your spouse to increase your Personal Loan Eligibility andto get a higher loan amount from Yes Bank . In this case, the bank will check the CIBIL score of your spouse and ask for all income and bank statements of your spouse for the purpose of processing your application

How can I get Yes Bank personal loan?

You can get a personal loan from Yes Bank by directly visiting the nearest branch or can apply online at their website. While these two are the traditional methods of applying, you can easily apply for the loan at MyLoanCare website where you can do a thorough comparison of all loan details, rates and charges before deciding to proceed with Yes Bank’s application process.

How can I check my Yes Bank personal loan status?

You can check the status of your loan online and offline. Once you have applied for a personal loan from Yes Bank, you will be given an application number. You can use that application number and registered mobile number to check the status of your loan online at Yes Bank's website. In case you are unable to track your application online, you can get Yes Bank loan assistance at Yes Bank loan customer care centre and ask them to help you out with the status. If you have applied for the loan through MyLoanCare, you can check the status of your application by logging into MyLoanCare account.

What is the importance of credit score if I wish to avail a Yes Bank personal loan ?

It is important to have a good credit score if you wish to apply for a personal loan from Yes Bank. A credit score above 750 is considered good for a personal loan. A low credit score increases the chances of rejection of your application.

Is there security or collateral needed to get a personal loan from Yes Bank?

No, Yes Bank does not require any collateral or security to lend you the personal loan as it is an unsecured loan.

Can I close my Yes Bank personal loan after 1 year?

You can close your personal loan from Yes Bank after 12 months by paying charges: Up to 4%

Can I negotiate with Yes Bank on the personal loan interest rate?

Yes, as a customer, you should negotiate for a rate discount when you apply. You may end up getting a better rate from the bank if you have applied for a high loan amount and are in a high income range working with a reputed company.

How to pay your Yes Bank personal loan EMI?

You can pay your Yes Bank personal loan EMI by using ECS facility or through Standing Instruction.Yes Bank also provides you the facility to pay your Personal Loan EMI online using net banking and mobile banking.

MyLoanCare Assurance

Bank Neutral Advice
No Unsolicited Call
Free Service and
Quality Response
Digital Doorstep Services
Delivery in 1100+ Cities
Attractive Cashback

Yes Bank Personal Loan Reviews 4.5/5  by 168 customers
MyLoanCare Service
4.6/5.0
Banks Service
4.4/5.0
Srinivasa, Hyderabad
Reviewed on 20th Nov 2021
5 / 5 stars
Yes Bank Personal Loan Availed in Nov 2021

Really impressed with fast processing. Support was also very good. Read more...

Muhammed, Bangalore
Reviewed on 19th Nov 2021
4.5 / 5 stars
Yes Bank Personal Loan Availed in Nov 2021

Very good service. Extremely helpful. Will recommend to everyone.Read more...

Kalaiselvi, Cuddalore
Reviewed on 09th Nov 2021
5 / 5 stars
Yes Bank Personal Loan Availed in Oct 2021

Excellent service and immediate response from customer care. Thank you very much Read more...

Mrinmoy, Jamshedpur
Reviewed on 30th Oct 2021
5 / 5 stars
Yes Bank Personal Loan Availed in Oct 2021

The loan process was quite decent with a satisfying interest amount. Read more...

Chandrika, Bangalore
Reviewed on 29th Oct 2021
4 / 5 stars
Yes Bank Personal Loan Availed in Oct 2021

Very good service by the team, thanks. This is my second loan and I am happy with their interaction.Read more...

Vishnuvardhan, Bangalore
Reviewed on 27th Oct 2021
5 / 5 stars
Yes Bank Personal Loan Availed in Oct 2021

Great experience with MyLoanCare.com. Friendly experience.Read more...

Anurag, Ahmedabad
Reviewed on 01st Oct 2021
5 / 5 stars
Yes Bank Personal Loan Availed in Sep 2021

It was a good experience MyLoanCare advisor guided and helped me on every step for smooth processingRead more...

Satheesh, Kanchipuram
Reviewed on 28th Sep 2021
4 / 5 stars
Yes Bank Personal Loan Availed in Sep 2021

I am really very happy to inform you that the MyLoanCare app is very useful. Thanks a lot, MyLoanCarRead more...

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Yes Bank Personal Loan News - Nov 2021
  • 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).
  • 2021-08-10 : Yes Bank Personal Loan Freedom Offer
    Yes Bank has launched a special personal loan offer for the employees of all companies with a Flat PF of 2499. The offer is valid till 18th August 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.
*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
Loader
Please wait while your information is being processed...