YES Bank Personal Loan Interest Rates

YES Bank Personal Loan is available at 10.99% p.a. for loan amounts up to Rs 40 lakh and terms up to 5 years. YES Bank also claims to handle loan applications within five days of submission and to release loan funds within a few hours after approval.

It allows you to transfer the balance of an existing personal loan from another bank/NBFC to YES Bank at a lesser interest rate. It also permits part-payment of its personal loan after 12 EMIs.

Details of the YES Bank Personal Loan Scheme

YES Bank Personal Loan Interest Rates

10.99% p.a. 

Maximum Amount

Rs 40 lakh

Period

5 years

Prepayment Fees

20% to 25% of Outstanding Amount

Characteristics of the YES Bank Personal Loan Scheme

  • Flexible repayment options - You can repay your YES BANK personal loan over a period of time that is convenient for you. You can quickly figure out the EMI you would be paying across several tenures with the help of the personal loan EMI calculator and choose the one that is best for you.
  • Convert your existing loan - You can transfer high-cost personal loans to reduced interest rates while also gaining access to extra funds.
  • YES BANK personal loans are provided in a variety of categories.
  • There is little documentation.
  • Quick approval - The approval takes only 60 seconds.
  • Simple application process - To apply for a personal loan, go to the website and fill out the application form, which is short and requires only basic paperwork.
  • Quick disbursement of cash - Once the YES BANK personal loan is approved, the funds are disbursed within hours.
  • Part-payment option is available - After 12 EMIs, you can choose to part-pay your YES BANK personal loan.
  • Attractive interest rates - Starting at 10.75%, the interest rates on YES BANK personal loans are the finest in the business.

Types of Personal Loans from YES Bank

Following are the types of Personal Loans from YES Bank-

1) Wedding Personal Loan

Wedding loans cover a variety of wedding-related expenses such as jewellery, cuisine, apparel, and decoration.

2) Holiday Personal Loan Scheme

Regular personal lending scheme to cover travel expenses such as flight tickets, hotel charges, travel accessories, and so on.

3) Home Renovation Loan Scheme

To cover the costs of home renovations such as redecorating and renovating.

4) YES Bank Balance Transfer

A personal loan balance transfer allows current personal loans from other lenders to be transferred to Yes Bank at cheaper interest rates.

YES Bank Personal Loan Rate of Interest 2024

Here is the table to show the YES Bank rate of interest for personal loan-

YES Bank Interest Rate for Personal Loan

10.99% p.a. onwards

Who is Eligible for the Personal Loan from YES Bank?

YES Bank has not specified any precise eligibility requirements for personal loan applicants. However, it has specified the information that personal loan applicants must provide in order for the lender to determine the personal loan eligibility of its personal loan applicants.

  • Age
  • Monthly earnings
  • Other monthly recurring expenses, such as current EMIs Employer Employer history; years at present employment Time spent living at current residence (whether rented, owned, or mortgaged)
  • Furthermore, YES Bank may consider personal loan applicants' credit scores, as most lenders do when assessing loan applicants' eligibility for personal loans.

Required Documents

  • Identity and age proof (Aadhaar Card/Passport/Voter ID/Driving License)
  • (Aadhaar Card/Passport/Telephone or Electricity bill/Ration card/Rental Agreement)
  • Salary statements: (Salary slips of last three months with Form 16)
  • IT Returns: (IT returns for the last two years)
  • Statement from the Bank: (Bank statement of salary account for the last six months)

Other Bank's Personal Loan Interest Rates

Banks/NBFCs

Interest Rates (p.a.)

HDFC Bank

11.00% onwards

SBI

10.30%-15.10%

Axis Bank

10.25% onwards

Kotak Mahindra Bank

10.99% onwards

IDFC First Bank

10.75% onwards

ICICI Bank

10.75% onwards

Bajaj Finserv

13.00% onwards

Tata Capital

10.99% onwards

IndusInd Bank

10.49% onwards

Invest the way you want
Join millions of Indians who trust and love Groww
EXPLORE PRODUCTS
Loading...
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.9.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ