☰ Menu
Get Cashback Upto
₹ 10,000* on Personal Loan
Apply Now

Yes Bank Personal Loan

Yes Bank is one of the top private lenders in India that offers personal loans at an affordable rate of interest. The rate of interest starts from 10.99% to 20%. The loan is available for both i.e. salaried as well as self-employed professionals at a varied rate of interest.

Apply for Personal Loan @ 10.5%*

+91
Where You can use Personal Loan
Improve Your Home

Personal Loan can be used to buy a new house or to renovate the old one and no need to put any asset to avail it.

Get On The Road

You can use this type of loan to buy a new vehicle.

Pay Out Your Credit Card Debts

Feeling pressure by debt of credit cards. Use your Personal Loan to pay the credit card bill.

Visit a Dream Site

Planning to go for a vacation abroad. spend your Personal Loan to see the dream place

Education Abroad

Want to study abroad but need money. Personal Loan can be a good option for it.

Marriage

Marriage is a once in a life time achievment. make your all dreams come true with Personal Loan.

The Documents needed for obtaining a Personal Loan

The documentation process can be different in accordance with the particular lender. However, the exact same could be divided in two components - KYC & Financial Records and here are the typically requested documents:

KYC Records
  • Passport Size Photograph
  • Identity Proof Aadhaar, PAN, Passport, DL or Voter ID
  • Home Evidence - Electricity Bill, Mobile Bill or Water Bill
Financial Records
  • Latest 3 month's bank statement of your salary accounts
  • Last 3 month's wages slips

Eligibility Criteria

Eligibility for the loan varies from bank to bank and also depends upon the type of the loan. however, the general criteria depend upon your

  • Age
  • Occupation
  • Income
  • Capacity to repay the loan
  • Place of residence

Yes Bank Personal Loan interest rate for Salaried

Yes Bank offers personal loans to salaried individuals who are working with reputed companies at the rate of interest 10.99% with the processing fee as low as 0.99%. The loan can be availed by only those salaried individuals who draw a monthly salary of more than Rs. 17,500. However, these specific criteria may differ from bank to bank. The salaried members can avail higher loan amount of up to Rs. 20 lakhs. The loan can be repaid in EMIs during the loan tenure which can be done anywhere between 12 months and 60 months.

Salaried-
Lowest Interest Rate 10.99%
Processing Fee Starting from 0.99%, Up to 2%
Loan Tenure 12 months to 60 months
Loan Amount Rs. 2 Lakh to Rs. 30 Lakh
Part Prepayment Charges Allowed after 12 EMI's, 2% charges
Preclosure Charges Allowed after 12 EMI's, Up to 4%

Yes Bank Personal Loan interest rate for Self-Employed Professionals

Yes Bank also offers the loan to self-employed individuals. The rate of interest offered to them is usually higher than what is offered to the salaried members. Currently, the rate of interest on personal loans offered to a self-employed professional is 12.49% with a processing fee of 1.5%. They are eligible for a loan amount of up to Rs. 50 lakhs. The loan can be repaid in easy EMIs during the loan tenure which can be done anywhere between 12 months and 60 months.

Self-Employed-
Lowest Interest Rate 12.49%
Processing Fee Starting from 1.5%, Up to 2%
Loan Tenure 12 months to 60 months
Loan Amount Rs. 5 Lakh to Rs. 50 Lakh
Part Prepayment Charges Allowed after 12 EMI's, 2% charges
Preclosure Charges Allowed after 12 EMI's, Up to 4%

FAQs

1. What is the eligibility for personal loan in Yes Bank?

Yes Bank is one of the top private lenders that offer a variety of credit products like loans and credit cards. One of the best credit products offered an affordable personal loan interest rates However, to get the loan from Yes Bank Loan, you need to meet the eligibility criteria. Such as your age should be between 21 years to 60 years. You should have a minimum net monthly income of Rs. 20,000 and above. You should have a total work experience of 2 years, plus you should have stayed for more than 1 year at your current residence. The borrower can avail a maximum loan amount of up to Rs.50 lakh.

2. What is the personal interest rate in Yes Bank?

Among the private lenders, Yes Bank is one of the banks that offer personal loan at affordable rates of interest. The loan will help you to meet your immediate financial expenses like wedding, higher education abroad, paying your medical or credit card bills, debt consolidation etc. However, Yes Bank personal loan interest lies in the range of 10.99% to 20%. The rates of interest for salary account holders are comparatively lesser than that for other customers. So, it is advisable that you should check the rate of interest beforehand before you plan to opt for a loan from either Yes Bank or some other bank. Doing so will help you get the best deal on the loan so that you can pay your loan EMIs well on time.

3. How can I get a loan from Yes Bank?

Yes Bank is one of those lenders which have very simple eligibility criteria to get a loan quickly. If you wish to apply for Yes Bank personal loan, then you can avail it by simply applying for it online by following some of the easy steps. As per your convenience, you can apply for the loan either online by directly visiting their official website or offline by visiting any of their branches. What you need to do is fill-up the form and get your loan approved instantly if you meet the eligibility criteria. Alternatively, you can also apply online at bookmymoney website after comparing the interest rates and charges of all banks. Bookmymoney will help you avail the desired loan in a hassle-free way thus saving your time.

4. How much loan can I get if my salary is 15000?

In order to avail a quick loan from Yes Bank, you need to meet the eligibility criteria set up by the lender. If you meet the criteria, your loan approval chances will be increased. The net monthly income criteria set by the bank to approve the loan for a salaried individual is Rs. 17,500. However, for those applicants, those who reside in cities like Mumbai and Delhi should have a monthly income of Rs. 25,000 to avail the loan. While for the applicants those who reside in Chennai, Hyderabad, Bangalore, Pune and Kolkata, net monthly income should be Rs. 20,000. So, if you earn a salary of Rs. 15,000 you are not eligible for getting the Yes Bank instant loan. The minimum net monthly income should not be less than Rs. 17,500.

5. What is the minimum salary to get a personal loan?

When you apply for a loan online, you may find that eligibility criteria may differ from one financial institution to another. Some may have very stringent norms while others may have easy application criteria. So, the minimum income to get a personal loan is Rs. 15,000 but this may not be acceptable by all the banks. This is why the minimum income criteria for salaried professionals may vary from one bank to another bank. You are advised to check the minimum income criteria and how much loan will you get based on your salary before making a loan application. In Yes Bank, the minimum income to get the loan is Rs. 17,500 and above. For salaried individuals those who reside in Delhi and Mumbai, the income required is Rs. 25,000 and those who are living in cities other like Chennai, Hyderabad, Bangalore, Pune and Kolkata, the income required is Rs. 20,000.



Apply Online for Personal Loan

Maximum APR (Annual Percentage Rate) 10.50% - 22%.
Fee applicable for BookMyMoney Rs 0.

*Terms and conditions apply. Credit at sole discretion of lender subject to rates, credit appraisal, charges, eligibility check and terms. Information shown is indicative and collected from public sources. This is a free service and no charges are payable by the borrower to BookMyMoney. The Company may receive remuneration from lenders for services provided to them. BookMyMoney is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not supposed to be an offer or solicitation or invitation to borrow or lend. The Company does not undertake any responsibility with respect to the correctness of the content, information and calculations. Information is subject to change without prior notice. By submitting your query or using any tools or calculators, you authorize BookMyMoney to share your information with lender(s), consent for such lender(s) to access your credit information report.