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Secure a YES BANK pre-approved loan from Bajaj Markets for your diverse personal needs and save your time and effort!
YES BANK offers pre-approved personal loans to select customers. This special facility allows you to access funds quickly without an extensive application process or paperwork. Therefore, it helps you achieve your financial goals with unprecedented ease.
The YES BANK Pre-approved Personal Loan offers a distinct advantage if you are seeking quick access to funds. Here are the benefits you can enjoy:
Quick eligibility check
Convenient online application process with easy access to funds
Loan amount of up to ₹50 Lakhs
Interest rates starting from 12.50% p.a.
Flexible repayment tenure of up to 72 months
Processing fee between 1.15% and 2.75% of the loan amount
No end-use restrictions on loan usage
No collateral requirement as the loan is unsecured
Part-payment of 20% to 25% of the principal amount is allowed after repayment of 12 EMIs on your pre-approved loan from the YES BANK
YES BANK offers pre-approved personal loans designed for quick access to funds with minimal hassle. Enjoy a fully digital process, flexible terms, and borrower-friendly features tailored to your financial needs.
Apply for a personal loan quickly using YES BANK’s easy and intuitive digital platform. The process is fully online, allowing you to complete it from anywhere.
Use the loan amount for any non-speculative purpose, such as travel, education, or medical expenses. There are no restrictions on how you choose to utilise the funds.
YES BANK personal loans are unsecured, so you do not need to pledge any asset as security. This ensures easy access to funds without risking your property or savings.
You can select a repayment tenure that suits your financial situation using the personal loan EMI calculator. This helps you plan your EMIs more effectively.
YES BANK allows part-prepayment of your personal loan after 12 EMIs have been paid. This enables you to reduce the outstanding principal and lower your interest payout.
While this facility ensures quick access to funds, it is important to consider the applicable interest rate and associated charges. Review the key details below before applying:
Category of Charges |
Description |
|---|---|
Processing Fees |
Up to 2.75% of the loan amount |
Part-prepayment Charges |
A charge of 2% plus GST applies to the part-payment amount made |
Foreclosure Charges |
Up to 4% of the outstanding principal |
Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.
Before applying, you must check the applicable interest rate and applicable charges on a pre-approved loan offer. Here are the highlights:
Particulars |
Description |
|---|---|
Interest Rate |
Starting from 12.50% p.a. |
Disclaimer: The mentioned values are subject to change at the lender’s discretion.
Although a pre-approval signifies that the bank has already conducted an initial assessment of your creditworthiness, fulfilling specific requirements remains crucial. Here are the requirements to qualify for the YES BANK pre-approved loan:
You need to be between 21 and 60 years of age
You must be a salaried individual working in a public or private sector organisation
Your net monthly income should be at least ₹20,000 if living in a Tier-1 city and ₹15,000 for Tier-2 or Tier-3 cities
A credit score of 700 or higher is required to be eligible
Note: As this is a pre-approved offer, the eligibility criteria are subject to the lender’s terms and policies.
To complete your application process with YES BANK and get access to funds, you will have to provide certain documents. These include:
Document Type |
Accepted Documents |
|---|---|
Identity Proof |
Voter ID, Aadhaar Card, PAN Card, Passport, or any other valid government-issued ID |
Address Proof |
Aadhaar Card, Driving Licence, Voter ID, Passport, Utility Bills, Rent Agreement, etc. |
Income Proof |
Latest salary slips (last 3 months), Income Tax Return (ITR), or latest Form 16 |
Other Requirements |
Duly filled loan application form with complete and accurate details |
Note: As this is a pre-approved offer, the documentation requirements are subject to the lender’s terms and policies.
Applying for a YES BANK pre-approved loan on Bajaj Markets offers several distinct advantages. These include:
Compare pre-approved loan offers from multiple lenders. This helps you make a more suitable and well-informed decision.
Enjoy a fast, fully online application with minimal paperwork. No need to visit a bank branch.
Get faster loan disbursal through the platform. Ideal for urgent financial needs.
View a clear breakdown of all fees and charges. Know the total cost of your loan upfront.
Explore offers from other partner lenders on the same platform without starting over.
Lenders offer pre-approved loans based on an initial review of your financial standing. Follow these tips to improve your chances:
Maintaining a score above 700 can improve your chances of receiving a pre-approved offer. You can maintain this score by paying your credit and other dues on time.
Applying for several loans in a short span can reduce your chances of approval. To safeguard your credit score, apply for new credit only when you really need funds.
Try to use only a small part of your total credit limit. Maintaining low credit utilisation supports a strong and healthy credit profile.
Financial institutions update pre-approved loan offers based on your credit behaviour. Review them frequently to take advantage of timely and relevant opportunities.
Lenders favour applicants with reliable and consistent income proof. Maintaining stable employment or a regular business income can boost your chances of loan approval.
To be considered for a pre-approved personal loan from YES BANK, you need to meet specific eligibility criteria. You must:
Be between 21 and 60 years of age
Be a salaried individual employed in a public or private sector organisation
Maintain a credit score of 700 or higher
You can get a maximum loan amount of ₹50 Lakhs from YES BANK.
Yes, you can prepay or foreclose a pre-approved personal loan after paying the first 12 EMIs.
Yes, your credit score will be affected by how you manage the loan. Timely repayments can improve your score, while delays or defaults may have a negative impact.
Yes, you can often modify the loan amount or tenure within the limits set by YES BANK. Final approval will depend on your eligibility and the bank’s terms.
