Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

A leading private sector bank in India, YES Bank has been consistently serving its customers via online and offline channels since 2004. At Bajaj MARKETS, you can easily avail an online personal loan from YES Bank at attractive rates of interest starting from just 10.70% per annum. What’s more is that the application process is hassle-free and requires minimal documentation.

Features and Benefits of YES Bank Personal Loan

  • Flexible Loans: With YES Bank, you can avail personal loans of amounts ranging from ₹1 lakh to ₹50 Lakhs. Thanks to such flexibility, meeting your needs and requirements has become easier than ever.

  • Customisable Repayment Options: You get to choose the tenure according to your repayment capacity. You can opt for a tenure ranging from 12 months to 72 months (6 years).

  • Lightning-Fast Approval: You don’t have to wait for days for approval anymore. With the YES Bank personal loan, you can get approvals within minutes! The turnaround time for disbursal is also the best in class.

  • No Collateral Needed: YES Bank online personal loan is unsecured. This effectively means that you do not have to pledge any of your assets to secure the loan.

  • Attractive Interest Rates: The interest rates on YES Bank personal loans are some of the lowest in the industry. In fact, YES Bank personal loan interest rates start from as low as 10.70% per annum.

  • Easy Application Process: At Bajaj MARKETS, you can apply for a YES Bank personal loan in just a few minutes with minimal documentation.

YES Bank Personal Loan Interest Rates and Charges

The table below summarises the interest rate and various other charges applicable on YES Bank personal loans:

Interest Rate

Starting from 10.70% per annum

Processing Fee

Starting from flat ₹1,499 to 2.50% of the loan amount

Part-payment charges

Part payment of 20% to 25% of the principal amount is allowed after repayment of 12 EMIs:

  • 13 to 24 months: 20% of Principal Outstanding

  • 25 to 36 Months: 20% of Principal Outstanding

  • 37 to 48 Months: 25% of Principal Outstanding

  • 49 to 60 Months: 25% of Principal Outstanding

A fee of 2% (plus applicable taxes) is charged on the part-payment amount paid.

Charges for foreclosure of loan

Foreclosure is allowed after repayment of 12 EMIs:

  • 13 to 24 months: 4% on principal outstanding

  • 25 to 36 months: 3% on principal outstanding

  • 37 to 48 months: 2% on principal outstanding

  • >48 Months: Nil

Disclaimer: Interest rate and other charges are subject to change. Please check with the lender before applying.

YES Bank Personal Loan Eligibility Criteria

  • The age of the applicant must be between 22 and 60 years.

  • The applicant must be a salaried individual working either in the public sector or at a private limited company.

  • The applicant must be earning a minimum net monthly income of ₹20,000 if residing in a Tier-1 city and ₹15,000 if living in Tier-2 or Tier-3 city.

Documents Required for YES Bank Personal Loan

You must furnish the following documents when applying for a YES Bank personal loan:

  • Identity Proof: Voter’s ID/Aadhaar/PAN cards, passport, etc.

  • Address Proof: Aadhaar card, driving licence, Voter’s ID, passport, utility bills, rent agreement, etc.

  • Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income tax return certificate or latest Form 16.

YES Bank Personal Loan EMI Calculation

The EMI that you will be paying to YES Bank for your personal loan depends upon the principal amount borrowed, the rate of interest levied by the bank, and the loan tenure. The following formula might come in handy for calculating your Yes Bank personal loan EMIs:

E = P x R x (1+R)^N/ ((1+R)^N-1)

where,

  • E stands for monthly instalments

  • P is the amount that you want to borrow

  • R is the rate of interest

  • N is the loan tenure in months

If this is too much of a hassle for you, you can simply use the free EMI calculator on Bajaj MARKETS to get an estimate of how much you will end up paying to the bank every month.

How to Apply for YES Bank Personal Loan

Applying for a YES Bank personal loan at Bajaj MARKETS is simple and easy and can be done in minutes. All you must do is follow the steps mentioned below:

  • Enter the Details: Visit the personal loan page on the Bajaj MARKETS website, click on “Apply Now”, and enter your personal and professional details.

  • Select Your Lending Partner: From the list of personal loan partners, select YES Bank as your lender of choice.

  • Specify Personal Loan Details: Select the loan amount and repayment tenure as per your requirement.

  • Approval & Disbursal: Depending upon your eligibility, your loan will be approved instantly and the loan amount will also be credited to your bank account within 24 hours.

Types of YES Bank Personal Loans

At YES BANK, you can avail a personal loan for a variety of purposes. Let’s take a quick look at the different types of YES Bank online personal loans.

  • YES Bank Personal Loan for Holidays: Have you been wanting to go on a vacation or a holiday for a long time but never had the funds to go through with the plan? If that’s the case, then apply for a YES Bank personal loan right now. The loan can help you cover a wide range of travelling expenses that you’re likely to incur during your holiday, including the hotel and transportation costs.

  • YES Bank Personal Loan for Weddings: A wedding is without a doubt one of the most important days in a person’s life. You can consider applying for a YES Bank personal loan to make sure that you do not fall short of funds on this big day.

  • YES Bank Personal Loan for Renovations: If you’ve been living in the same house for years, then it is probably time for some renovations. With a YES Bank online personal loan available on Bajaj MARKETS, you can get a home renovation loan in no time.

YES Bank Customer Care Details

YES Bank offers customer support over telephone, SMS, and email. You may refer to the table below for details:

Toll-Free Number

1800 1200

SMS Support

Type ‘HELP’ space <Customer ID> and send it to +91 95522 20020

Email Address

yestouch@yesbank.in

 

FAQs on YES Bank Personal Loan

  • ✔️How can I get a personal loan from YES Bank?

    You can apply for a YES Bank personal loan at Bajaj MARKETS. All you need to do is visit the personal loans page on the Bajaj MARKETS website, fill in your details and choose YES Bank while selecting the lending partner.

  • ✔️How long will it take to process my YES Bank personal loan application?

    If you fulfil the bank’s eligibility criteria, your YES Bank personal loan application is approved instantly and the loan amount is credited to your bank account within 24 hours of approval.

  • ✔️How to check YES Bank Personal Loan status?

    To check your YES Bank personal loan status, all you need to do is call the toll-free YES Bank customer care helpline at 1800 1200. Alternatively, you can also send an email to yestouch@yesbank.in to enquire about the loan status.

  • ✔️What is the loan amount that I can avail?

    You can avail a personal loan of amounts up to ₹50 lakhs from YES Bank.

  • ✔️Can I check my YES Bank personal loan statement online?

    Yes, you can check your YES Bank personal loan statement on the bank’s netbanking portal.

  • ✔️How can I receive my repayment schedule?

    The repayment schedule for your YES Bank personal loan will be sent to you via email. Alternatively, you can also check it by logging into the YES Bank netbanking portal using the user credentials given to you.

  • ✔️How is the applicable interest rate decided?

    The interest applicable on your YES Bank personal loan depends upon a number of factors including your age, income, CIBIL score and other active loans on your credit report.