Yes Bank Credit Card Loan

Yes Bank offers the following types of Yes Bank Credit Card Loans. This facility is available only for select credit card customers and select variants of Yes Bank Credit Card.

Quick Loan

Purpose of the Loan: The Loan can be utilised for any purpose like travel, renovation of the existing house, purchase of gadgets, medical expenses, education, etc.

• Quantum: The quantum will be restricted to the credit card limit or the cash limit. The minimum amount to be availed will be Rs. 15000/- and the maximum will be Rs. 3.00 lakhs. The credit card limit will be blocked to the extent of the Loan availed and restored to the extent of repayment received.
• Interest: Attractive interest rate. Will be communicated at the time of consenting for the Loan.
• Repayment: Can be repaid in 6, 12, 18, or 24 EMIs.
• Disbursement: The loan amount will be credited to the bank account within 3 to 4 working days from the date of receiving consent. For Yes Bank customers, the amount will be credited to Yes Bank Savings Account, and for non-customers, the amount will be credited through NEFT to the savings account at the desired bank. Details of the bank, i.e., IFSC Code and account number, have to be provided.
• Other conditions: The maximum amount that can be availed is subject to the pre-approval from YES Bank that will be communicated to the customer on getting consent for the facility. 
  A maximum of 4 loans will be provided under the Quick Loan Facility.

Quick Loan at Pre-issuance

This facility is available for select customers at the time of issuance of the Credit Card. This facility is available only for select variants of the Yes Bank Credit Card.

The amount will be limited to the extent of the cash limit on the card.

The Loan will be processed if the consent is confirmed either through the Quick Loan Application form.

No processing charges will be collected for Quick Loans provided at the time of issuance of the credit card.

This facility is not available for the following category of cards under Yes First Preferred card and Yes Prosperity Card.

• Yes First Preferred-FD
• Yes First Business Card-FD
• Yes First Corp Card Corp Liability
• Yes Prosperity Rewards Plus-FD
• Yes Prosperity Business Card-FD
• Yes Prosperity Purchase Card-FD
• Yes Prosperity Corp Card Corp Liability-FD
• Yes Prosperity Rewards Card
• Yes Prosperity Business Card-OD
• Yes Prosperity Cashback Card

Express Loan

• Purpose: Can be utilised for any purpose like any personal loan.
• Quantum: The loan quantum will be up to the credit limit of the card. The benefit of this loan is that the credit card limit will not be blocked. You will have the regular credit card limit at your disposal besides the Express Loan. On checking the eligibility and providing confirmation details of the Loan like eligible quantum and rate of interest will be communicated to the cardholder vide SMS or Email.
• Rate of Interest: Attractive interest rates. Will be communicated along with other terms of the Loan through SMS or Email to the cardholder on receiving consent.
• Repayment: A separate monthly statement for Express Loan along with the EMI will be sent along with the credit card statement. The billing cycle will be the same for both statements. The repayment will begin from the immediate billing cycle.
• Disbursement: Disbursement will be made within 3 to 4 working days from the date of receiving the consent. For customers having a savings bank account with Yes Bank, the amount will be credited to the Yes Bank Savings Bank Account. For others, the amount will be sent through NEFT/RTGS to the desired bank. The cardholder has to provide the details of the bank like IFSC Code and account number.

You can not only get instant credit on giving consent for Yes Bank Credit Card Loan Offers, but you can also have the privilege of other benefits as given below.

• It is a pre-approved loan and does not involve separate loan processing, so the approval will be quick.
• No paperwork. Since the documentation will be done at the time of Credit Card issuance, the Loan does not require separate documentation.
• Attractive interest rates.
• Low processing fees. For the Quick Pay Pre-issuance loan that is provided at the time of issuing the Yes Bank Credit Card, there will be no processing fees.
• Disbursement is done within 3 to 4 working days from the date of receiving the cardholder’s confirmation,
• Direct disbursement to Yes Bank Savings Account or Savings Bank Account at any other bank.
• No guarantor or post-dated cheques will be insisted upon.
• Repayment in easy instalments of 6, 12,18, or 24 months

Select Yes Bank Credit Cardholders will be eligible for the Yes Bank Credit Card Loan offers. This will be as per the internal policy of the bank.

Once the cardholders check the eligibility and give their confirmation for either Express Loan, Quick Loan, or Quick Loan Pre-issuance, the offer will be communicated to the cardholder via video, SMS, or Email.

The following documents will be collected at the time of applying for the Yes Bank Credit Card.

• Address Proof: Aadhar Card, Voter’s ID Card, Driving Licence, Passport.
• Photo Identity Proof: PAN Card, Passport, Driving Licence, Aadhar Card, Voter’s ID Card.
• Income Proof for salaried individuals
  • Latest salary slips for the last three months.
  • Form 16
  • Bank Account statement for the last six months.
• Income Proof for self-employed individuals
  • Audited Financials for the last two years.
  • IT Returns for the last two years.
  • Bank Account statement for the last 12 months.

Since the documentation process will be completed while issuing the credit card, no separate documents will be required for the Yes Bank Credit Card Loan.

To apply for the Insta loan on a Yes Bank Credit Card, you will have to check the eligibility. You can check the eligibility either on the Yes Rapido portal or can calling the 24x7 Yes Touch Customer Care helpline.

Customer Care Number for Yes First Credit Card

• 1800 103 6000-Toll- free number to call within India.
• + 91 22 4935 0000-To call from outside India.

Customer Care Number for Yes Prosperity Credit Card

• 1800 103 1212 toll-free number to call within India.
• + 91 22 4935 0000-To call from outside India.

On checking the eligibility and giving the confirmation either through a call or digitally, the offer on the Yes Bank Credit Card Loan will be communicated to the cardholder vide SMS or Email.