Yes Bank Personal Loan

For loan amounts up to Rs 40 lakh and for terms up to 5 years, YES Bank Personal Loan is available at 10.99% p.a. and higher. The loan application will be processed by YES Bank Loan within five days after submission, and the funds will be disbursed shortly after the application has been approved. It enables balance transfers of current personal loans to YES Bank at reduced interest rates from other banks/NBFCs. Additionally, it permits partial prepayment of its personal loan after 12 EMIs.

Feature and Benefits of Yes Bank Personal Loan 

The following alluring advantages are abundant in the Yes Bank Personal Loan: You must become familiar with the features and advantages of the product before submitting an application for a Yes Bank Personal Loan apply .

1. Unsecured Loan: No collateral, loan security, or guarantor is necessary to apply for a YES Bank Personal Loan. It is being offered as a 100 percent unsecured loan.

2. Flexible Repayment: No predetermined EMI schedule must be adhered to. A borrower can utilize an online calculator to select the repayment plan based on their ability to make payments. As a matter of policy, Yes Bank offers personal loans with variable terms; you can select a loan term up to five years.

3. Approval in 60 seconds:  Instant in-principle approval for qualified applicants, according to YES Bank, is claimed to be possible. Simply complete out the online form, and your application will be quickly accepted as successful if you meet the eligibility requirements.

4. Eligibility: Yes Bank offers personal loans up to Rs. 40 lakhs to salaried or self-employed individuals with a solid monthly income of at least Rs. 25,000. At loan maturity, the applicant must be at least 21 years old and no older than 60 years. KYC, address, and income verification are the only types of documentation that are required.

5. Speedy Loan Disbursal: The processing of loans is as quick as it can be. Loan distribution will be handled within a few hours after your application is accepted and you provide the necessary paperwork.

6. Competitive Interest Rates: If you choose YES Bank as your lender, you may anticipate competitive YES Bank Personal Loans interest rate starting at 10.99% p.a.

Process of applying Yes Bank Personal Loan 

Given that you can access the bank through your phone, you don't need to leave your house to do so. Applying for a Yes Bank instant loan online is a viable option if you don't want to go to the bank branch. It is not only time-saving, but also quite simple, to apply for a personal loan from Yes Bank online. 

Applying online for a personal loan from Yes Bank involves the following steps:

• • Visit the official website Fincrif.com .

  • Firstly , login with your name and number .

  • Then fulfill your employment type.

  • Verify OTP.

  • Upload all the documents and submit .

  • Last , you will get a call from the Fincrif team and help you to proceed next.

  
  

Frequently Asked Questions ( FAQ ) 

1. Where can I find the application for a personal loan from Yes Bank?

ANS.  You might think about picking up an application form by going to one of the YES BANK branches. Additionally, you can download and print the application from the YES BANK official website by going there.

2. Can I get the online statement for my Yes Bank personal loan?

ANS. Customers can contact the bank to request the most recent statement of accounts, although doing so will incur fees of Rs. 750 each statement.

3. How long does the YES BANK personal loan processing process take?

ANS. The loan is typically handled within 5 working days from the date of submission of the documents once all the paperwork has been delivered to the bank in accordance with their policies.

Eligibility Criteria for Yes Bank Personal Loan 

You must fulfill the requirements listed below in order to be Yes Bank Personal Loan eligibility : 

• Anyone earning a salary from a private or public limited firm who has at least five years of MCA Vintage experience may apply for the personal loan.

• The age range for applicants is 22 to 60.

• The minimum net monthly wage should be INR 15,000, INR 30,000, or INR 35,000 (depending on the locality and the customer's profile).

• Added monthly costs, including any EMIs currently outstanding:– 55%–75% (FOIR)

• 2 years' worth of work experience overall, at least six of which must be at the current organization.

Fees and Charges of Yes Bank Personal Loan