Yes Bank Personal Loan

  • Home
  • Loan
  • Yes Bank Personal Loan

Yes Bank
Personal Loan

Yes Bank offers personal loans at attractive interest rates starting from 10.99% per annum. You can get up to Rs. 40 lakhs for maximum tenure of up to 5 years. The processing fee is up to 2.50% of the loan amount. You can also make prepayment at 2% on principal outstanding + GST charges.

Apply Now

On Yes Bank Personal Loan Official Website


Updated: 20-05-2024 04:47:34 PM

Personal Loan Details

Following are the key highlights of Yes Bank Instant Loan:

Interest Rates  10.99%
Loan Amount Rs. 1 Lakh – Rs. 40 Lakhs
Tenure 1 Year to 5 Years
Loan Processing Fee Up to 1.25%-2.5% of loan amount
EMI Bounce Charges Rs. 600 – Rs. 1,200 per bounce
Foreclosure Charges Foreclosure of Loan is allowed post repayment of 12 EMIs at 2% – 4% charges
Part Prepayment Charges 2% plus applicable taxes on part payment amount paid
EMI Rs. 2,177 Per Lakh

Features Of Personal Loan

Yes Bank Personal Loan is loaded with the following attractive features: Before you apply for Yes Bank Personal Loan, you must learn about the associated features and benefits of the product.

1. Unsecured Loan: To avail YES Bank Personal Loan, you do not require any loan security, collateral, or guarantor. The loan is offered as a 100% unsecured loan.

2. Flexible Repayment: There is no fixed EMI schedule to follow. A borrower can use an online calculator and choose the repayment structure according to their repayment capacity. As a policy, Yes Bank offers Personal Loans on flexible repayment; you can choose loan tenure up to 5 years.

3. Approval in 60 Seconds: YES Bank claims instant in-principal approval of eligible applicants. You just need to fill the form online and instantly your application will be acknowledged for eligibility success.

4. Eligibility: A salaried or a self-employed person with a stable monthly income of Rs. 25,000 or more can apply for Yes Bank Personal Loan up to Rs. 40 Lakhs. The applicant needs to be a minimum of 21 years old or a maximum of 60 years on loan maturity. The documentation requirement is also limited to KYC, address and income verification.

5. Quick Loan Disbursal: The loan processing is as swift as it can get. Once your application is approved and you submit the required documents, loan disbursement will be processed within a few hours.

6. Attractive Interest Rates: With YES Bank as your lender, you can expect an attractive rate of interest on Personal Loans, starting at 10.99% p.a.

7. Minimal Documentation: You can apply for a Yes Bank Personal Loan online through our website; the process is quick, owing to the basic documentation requirement.

8. Balance Transfer Facility: Yes Bank facilitates affordable personal loan balance transfer at the lowest rate of interest.

9. Part Prepayment Facility: Part Prepayment Facility: 2% plus applicable taxes on part payment amount paid.

10. Foreclosure Allowed: Foreclosure of loan is allowed after prepayment of 12 EMIs. Charges applicable after 12 months are:

  • 13 – 24 Months of EMI repayment: 4% of principal outstanding
  • 25 – 36 Months of EMI repayment: 3% of principal outstanding
  • 37 – 48 Months of EMI repayment: 2% of principal outstanding
  • >48 Months of EMI repayment: Nil

Personal Loan EMI Calculator

Before you calculate Yes Bank Personal Loan EMI, you must know that you get complete flexibility to choose the loan tenure and monthly instalments. You can either opt for fixed EMIs or flexible ones, according to your budget. The longer is the tenure of the loan, the shorter would be the EMIs and vice versa. So, always choose EMI according to your repayment capacity.

To calculate Yes Bank Personal Loan EMI, you can access the Yes Bank Personal Loan EMI Calculator available.

Now fill in the required details: Loan Amount, Tenure, and Rate of Interest.

As you hit the Enter button, you will instantly get:

  • Loan EMI
  • Total Interest Payable
  • Total Payments (principal + Interest).

You will also get a visual representation of the payments.

Eligibility Criteria

Employment type Salaried & self-employed individuals having a stable source of monthly income.
Employment status Must be employed/in business for at least 2 years with at least 1 year experience with current employer/business.
Nationality Indian
Income Minimum Rs. 25,000  p.m. for salaried & Rs. 12 Lakhs gross annual receipts for self-employed.
Minimum age 21 years
Maximum age 65 years
Documentation You must possess valid documentation for KYC & income verification.
Credit score 700 or above

Comparison of Yes Bank Personal Loan vs Other Lenders

Bank Name Loan Amount Tenure Interest Rate (per annum) Processing Fee
Yes Bank Personal Loan Rs. 1 Lakh – Rs. 40 Lakhs 12 months – 60 months 10.99% onwards 1.25%-2.5%
Axis Bank Personal Loan Rs. 50,000 – Rs. 40 Lakhs 12 months – 60 months 10.99% 1.5% to 2% of the loan amount + GST
ICICI Bank Personal Loan Up to Rs. 40 Lakhs 12 months – 60 months 10.80% Rs. 4999-2%
HDFC Personal Loan Up to Rs. 40 Lakhs Up to 7 years 10.75% Up to Rs. 4,999

How to Get the Best Offer for Yes Bank Personal Loan?

You can avail the best personal interest rate from Yes Bank based on the assessment of your loan amount, loan tenure, income, other obligation, and employer type.

Below are some factors that can help you get the personal loan rate of interest offer from Yes Bank:

  • Loan amount: It is the amount you borrow from the bank. Usually, banks offer lower interest rate for higher loan amount.
  • Income: Yes Bank analyses your loan repayment capacity through your net monthly income. Individuals will higher salary bracket are offered loans at lower rate of interest.
  • Employer category: Every bank has an internal list of companies that fall into categories ranked from high to low based on company’s size, reputation, and relationship with the bank. Employees working in higher category companies get attractive Personal Loan benefits and lower interest rates.
  • CIBIL score: Most lenders prefer offering low interest rate personal loans to borrowers with high CIBIL score (preferably 750 or above).
  • Relationship with the bank: If you are an existing customer of the bank, you may get special rates, offers, and charges on personal loan.
  • Repayment tenure: Personal loan tenure is usually shorter, ranging from 12 months to 60 months. If you want better interest rate, opt for longer tenure.

Verification Process

Yes Bank’s Personal loan verification process involves the following steps:

  • Verification call: Once you submit the online personal loan application. we will forward your application to the lender. You will receive a call from a representative of Yes Bank to verify details and arrange for pick-up of documents.
  • Documents collection: Yes Bank will send its representative to collect the documents required for personal loan.
  • Verification of documents: The bank will subsequently verify the submitted documents.
  • Loan approval: On successful document verification, your loan will be approved and you will be notified about the same.
  • Loan amount disbursal: If you agree with the personal loan agreements, the loan amount will be disbursed within hours into your bank account.

Factors Affecting Interest Rates

  • Tenure: The repayment tenure of a personal loan can affect the interest rates charged by a bank. Loans with longer tenure usually attract a lower interest rate as compared to loans with shorter tenure.
  • Borrower’s repayment capacity: The repayment capacity of the borrower plays a vital role while determining interest rate. Generally, borrowers with a higher repayment capacity are offered a lower rate of interest.
  • Relationship with the bank: If you have a good relationship with the bank, you may get lower their interest rate on personal loan. Usually, banks offer special rates for their esteemed customers.
  • Employment: Interest rate can also vary according to the type of borrower’s profession. Most banks offer a lower interest rate to salaried borrowers compared to self-employed individuals as they have a steady source of income.
  • Borrower’s age: Interest rates on personal loans may also vary depending on the age of the borrower. The bank may offer lower interest rate to senior citizens as compared to youngsters.
  • CIBIL score: Individuals with a good credit score (preferably 700 or above) usually get a lower rate of interest. That is because CIBIL score defines a borrower’s creditworthiness.

Part Payment Clause for Yes Bank Personal Loan

Yes Bank allows part prepayment of Personal Loan after successful payments of 12 EMIs and that too, in accordance with the applicable limit. You can part prepay 20% of the principal outstanding between 13 to 36 months of the loan duration, and 25% of principal outstanding between 37 to 60 months of the loan period. The prepayment would attract a fee of 2% plus applicable taxes on part payment amount paid.

Yes Bank Grievance Details

Find below the Yes Bank Personal Loan Customer Care Number & other details

  • Toll-free contact number: 1800 1200
  • Website URL:
  • Email: [email protected]

View and improve your credit score -
for free.

  • Know how good your score is
  • Get insights on how to improve it
  • Unlock offers as per your score
Evaluate Now

Trending Personal Loans

Looking for Best Personal Loan Offer?

Fill the form by clicking on Apply Now Button and compare latest Interest Rate of all Banks/NFBCs for Instant and Quick Personal Loan Disbursal.


Interest rates offered by Yes Bank on Personal Loans are competitive and as per the profile of the customer. Several factors, such as credit score, credit repayment capacity, net income, and employment stability affect your interest rates.

Yes Bank Personal loans are available as unsecured loans up to Rs. 40 Lakhs. To know how much you can borrow, you can simply fill the personal loan application form. The Loan experts would instantly help you know about how much you can borrow with your current net income and credit score.

Yes Bank Personal Loans are available for 12 to 60 months. However, before you select the loan tenure, you must evaluate your repayment capacity. The longer is the tenure, the shorter is the EMI and vice versa. However, the cost of loan increases as you raise the loan for longer tenures. Depending on the availability of cash in hand, you must decide about the loan tenure.

Yes Bank allows part prepayment of a Personal Loan after successful payment of 12 EMIs. You can apply for part payment either online or by visiting the nearest branch.

Foreclosure of loan is allowed after prepayment of 12 EMIs. Charges applicable after 12 months are:
• 13 – 24 Months of EMI repayment: 4% of principal outstanding
• 25 – 36 Months of EMI repayment: 3% of principal outstanding
• 37 – 48 Months of EMI repayment: 2% of principal outstanding
• >48 Months of EMI repayment: Nil

Yes, you can enhance your loan eligibility for Yes Bank Personal Loan by combining the income of your spouse with your income.

A credit score ranging from 700 – 900 is considered ideal for availing personal loans. However, you can avail loans with a lower score by paying a higher interest rate. Understand how to avail the best rate of interest with your credit profile.

After submitting all documents, Yes Bank will confirm its loan approval decision within 5 days of receiving your application.

Part prepayment of personal loan is allowed by Yes Bank. Following are the terms of making part prepayment:

  • Part prepayment can be made only after repayment of 12 EMIs.
  • You can make 20% part prepayment of principal outstanding between 13 to 36 Months and 25% between 37 to 60 months.
  • Part prepayment can only be made once a year.
  • You will have to pay part prepayment charges of 2% of the amount prepaid plus applicable taxes.

You can foreclosure of Yes Bank Personal Loan anytime after repayment of 12 EMIs. Following are the charges associated:

  • Closing the loan between 13 – 24 months: 4% of principal outstanding
  • Closing the loan between 25 – 36 months: 3% of principal outstanding
  • Closing the loan between 37 – 48 months: 2% of principal outstanding
  • Closing the loan after 48 months: Nil charges