Yes Bank Personal Loan: If you have an account with Yes Bank, you should know that the bank also provides personal loans to its customers, similar to other banks, and that too at a very low interest rate. If you need funds to meet your needs, you can apply for a personal loan from this bank without any hesitation, provided you meet certain conditions.
In this article, we will provide you with detailed information about the personal loan from Yes Bank, so that you can learn about all the terms and conditions of this bank. If you are considering taking a personal loan, it is important to read this article till the end, as we will also explain how to apply for a personal loan from Yes Bank online.
Yes Bank Personal Loan
Anyone can take a personal loan from Yes Bank for their personal expenses. You can use this loan for expenses such as wedding costs, home construction, travel, higher education, children’s fees, and more. The bank offers loans for a period of 60 months, and there is no need to pledge any collateral. After taking a loan from Yes Bank, you can choose your repayment schedule according to your convenience.
If you meet all the bank’s conditions, you can receive the loan within just a few minutes. Once your loan is approved, the amount will be transferred to your account within minutes.
Benefits of Yes Bank Personal Loan
There are many benefits to taking a personal loan from Yes Bank, which include:
- Yes Bank offers personal loans at very attractive interest rates.
- The interest rates for personal loans from Yes Bank start from 10.99% per annum.
- You can take a personal loan from Yes Bank ranging from ₹50,000 to ₹50 lakh.
- The tenure of this personal loan is up to 60 months.
- You can repay your EMI without any stress.
- There is no need to pledge any collateral for taking a personal loan from this bank.
- You don’t need to submit documents online when applying for a personal loan, as a bank representative will collect the documents from your home or office as per your convenience.
Types of Yes Bank Personal Loan
Yes Bank offers the following types of personal loans:
- Home Renovation Personal Loan – Covers all expenses related to home renovation, including civil work, furnishing, and redecoration.
- Holiday Personal Loan – Covers all holiday expenses, including hotel charges, flight tickets, and travel accessories.
- Wedding Personal Loan – Covers all wedding expenses, including jewelry, clothing, decoration, and catering.
Eligibility Criteria for Yes Bank Personal Loan
- The applicant’s age should be between 21 and 60 years.
- Both salaried and self-employed individuals can apply for this loan.
- The applicant’s monthly income should be at least ₹18,000 to ₹25,000 per month.
- The applicant’s credit score should be 750 or above.
- The applicant must be an Indian citizen.
- Last 6 months’ bank account details.
- Details of any existing EMI and other monthly expenses.
Documents Required for Yes Bank Personal Loan
- Aadhaar card, Voter ID, Passport, etc.
- Passport size photograph.
- Utility bills such as electricity bill, telephone bill, water bill, etc.
- Last 6 months’ salary certificate.
- Employment duration proof for self-employed individuals.
- 6 months’ bank statement.
- Bank account passbook.
- Mobile number.
How to Apply for Yes Bank Personal Loan
If you meet all the eligibility criteria for taking a loan from Yes Bank and want to apply, follow the steps below:
- First, visit the official website of Yes Bank.
- On the website’s homepage, click on the ‘Personal Loan’ option.
- A new page will open where you need to click on the ‘Apply Now’ button.
- The application form will open.
- In the application form, enter your personal details such as name, address, mobile number, date of birth, etc.
- Submit the form.
- Your form will be reviewed, and a bank representative will contact you to collect all the necessary documents.
- After your documents are verified, if you are eligible for a personal loan, you will receive the loan.
Thank you!
