YES Bank Personal Loans - Types of YES Bank Personal Loans

YES Bank Personal Loans

YES Bank provides attractive personal loans to its customers for fulfilling their different financial needs at very affordable rates of interest, hassle-free documentation, reasonable repayment options, and instant loan approvals. mymoneykarma gives you all the information you need on YES Bank personal loans.

Benefits of YES Bank Personal Loans

YES Bank personal loans are loaded with customer-centric benefits and features. The following are a few highlights of YES Bank personal loans.

• Large loan amounts ranging from a minimum of Rs 1 lakh to a maximum of Rs 40 lakhs. The loan amount depends on the applicant's credit score, repayment capability, credit history, and yearly income.
• Long loan tenures ranging from a minimum of 6 months and a maximum period of 60 months.
• Attractive interest rates ranging between 10.75% to 16.99% per annum.
• Loans available for salaried individuals, public and private company employees, and government employees.
• Special offers on the applicant being an existing customer of YES Bank.
• Various feasible repayment channels such as NEFT, post-dated cheques, and online banking.
• Simplified loan application and approval process with minimal documentation.
• Dedicated 24/7 customer service desk for query resolution.
• The facility of doorstep document collection.
  

Types of YES Bank Personal Loans

YES Bank offers the following types of personal loans.

Holiday Loans

These personal loans from Yes Bank can be used for planning holidays to exotic locations in India and abroad.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Minimum age of 21 years.
• Maximum age of 65 years.
• Minimum work experience of 2 years and 1 year at the current company.
  

Wedding Loans

These personal loans from Yes Bank can be used to cover the costs of a wedding in the family or of the applicant.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Minimum age of 21 years.
• Maximum age of 65 years.
• Minimum work experience of 2 years and 1 year at the present company.
  

Home Renovation Loans

These personal loans from Yes Bank can be used much like a home loan, for covering the costs of upgrading or renovating the applicant’s home.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Minimum age of 21 years.
• Maximum age of 65 years.
• Minimum work experience of 2 years and 1 year at the present company.
  

Documents Required for YES Bank Personal Loans

• Applicants need to submit the following documents while applying for YES Bank personal loan.
• A filled loan application form with necessary details such as income, occupational details, and personal information.
• Copies of the applicant's PAN card and Aadhaar card.
• Copies of income proof such as salary slips of the previous three months, bank statements of the last three months, and a copy of Form 16.
• Copies of residence proof such as telephone bills, electricity bills, or rental agreement attested by the applicant.
• Two copies of recent passport sized photographs.
  

How to Apply for YES Bank Personal Loans Online

Applicants can directly apply for YES Bank personal loans online by visiting the YES Bank website and downloading the personal loan application form. They must submit the filled form and upload the required documentation on to the portal. Then, the applicant profiles are evaluated and the loan amount is deposited in the applicants’ accounts within 5 working days.

How to Apply for YES Bank Personal Loans Offline

Applicants can visit the nearest YES Bank loan centre along with their documentation. They can fill up the application form received at the bank and submit it with the documentation and the bank approves the loan within 5 working days if the applicant profiles meet all the eligibility criteria.