Yes Bank Personal Loan Interest Rates

Yes Bank offers its customers Personal Loans ranging from Rs. 1 Lakh up to Rs. 40 Lakhs at the most competitive interest rates starting @ 10.99% p.a. The tenure ranges from 12 months to 60 months. Yes Bank marked up External Benchmark Lending Rate (YBL - EBLR) w.e.f. 01.03.2021 is 7.60%

Yes Bank Personal Loan Rate of Interest 2021

Some of the most important Yes Bank Personal Loan details are given below:

Loan amountRs. 1 Lakh - Rs. 40 Lakhs
Rate of interest10.99%-24%
Tenure of repayment12 - 60 months
Lowest EMI possibleRs. 2,174 Per Lakh
Processing feeUp to 2.50% of the loan amount (minimum Rs. 999) + applicable taxes
Yes Bank marked up External Benchmark Lending Rate (YBL - EBLR) w.e.f. 01.03.20217.60%

Factors Affecting Yes Bank Personal Loan Interest Rate

The following factors determine the Personal Loan interest rate you can expect to get from Yes Bank and this will help you in systematic planning of your finances.

  • Loan Amount: It is the amount borrowed by a customer from the bank. Usually, the banks offer a lower interest rate for a higher amount. Yes Bank offers Personal Loan between  1 Lakh and 25 Lakhs.
  • Salary: Your earnings and income define your eligibility to repay the loan. Usually, a higher salary bracket individual is offered a loan at a lower interest rate. Interest rates of the bank differ on the basis of your net monthly income.
  • Employer Category: Yes Bank maintains an internal list of companies that fall into categories that are ranked from high to low company categories based on company's reputation, size, and its existing relationship with the bank. Employees who belong to companies in reputed categories get the best discounts and a low interest rate.
  • Relationship with the Bank: Yes Bank offers some special rates, offers and charges to its existing account holders. Those customers who have managed their accounts well and made all the payments timely in the past will get the benefit of low interest rates and better discounts on the loans availed from Yes Bank.
  • Loan Tenure: Personal Loans are of a shorter period, usually ranging from 12 months to 60 months as they are taken to meet the immediate and urgent requirements. Usually, longer tenure attracts a higher interest rate.
  • Repayment Capacity: Yes Bank checks and verifies the repayment capacity of the borrower before lending any loans. This is done through CIBIL as it has the repayment track record of previous loans taken and Credit Card bills payment.

Yes Bank Personal Loan Fees & Charges

PurposeCharge/Fee
Processing chargeUp to 2.50% of the loan amount or a minimum of Rs. 999 + applicable taxes
Foreclosure charges (Allowed after 12 EMIs)
  • 13 - 24 months - 4% of principal outstanding
  • 25 - 36 months - 3% of principal outstanding
  • 37 - 48 months - 2% of principal outstanding
  • After 48 months: Nil
Part prepayment (Allowed after 12 EMIs)2% plus applicable tax on amount part prepaid
Issuance of NOCRs. 250 per event
Late EMI payment24% p.a. on the amount outstanding from the default date
Stamp duty+ other statuary chargesAs per law
Cheque swap chargeRs. 750 per event plus applicable taxes
Cheque bounce chargeRs. 750 per event plus applicable taxes
Loan cancellation/ RebookingRs. 1,000 + applicable taxes*interest to be borne by the customer in the event of loan cancellation
Legal/Incidental chargesAt actual
Duplicate repayment schedule, statement of account etcRs. 750 per event + applicable taxes

Benefits of Taking Personal Loan from Yes Bank

Yes Bank Personal Loans are popular among our customers due to their benefits, which include:

  • Unsecured Loans - Where in you are not required to give any security or guarantor when taking a Personal Loan from Yes Bank.
  • Flexible Repayment Options Available
  • Quick Disbursal of Funds, As soon as your application for a Personal Loan gets processed then your funds get disbursed within a matter of few hours.
  • Attractive Interest Rates - Which starts at 10.75%.
    Easy Application Process accessible online with only basic documentation.
  • Easy Transfer of Your Existing Loan
  • Part Pre-Payment Option Available
  • Yes Bank has several offers on Personal Loans for existing account holders. It also offers special schemes, offers, and discounts for employees of large companies.

Yes Bank Personal Loan Interest Rate Comparison with Other Lenders

How to Apply for Yes Bank Personal Loan through MyMoneyMantra?

In case, you plan to get a loan from Yes Bank the process is easy. All you need to do is apply for a Personal Loan at MyMoneyMantra. The loan application will be processed online and Yes Bank's representative will get in touch with you immediately to take the loan process ahead. You will get free services of MyMoneyMantra's Personal Loan advisor who will make sure that the lending process is quick and you get the best suitable Personal Loan from Yes Bank.

Yes Bank Personal Loan - Customer Care Numbers

Yes Bank Toll Free Customer Care Number is 1800 2000

An Alternate number is: +91 22 6121 9000

You can email your queries here: yestouch@yesbank.in

Or, SMS 'HELP' space to +91 92233 90909

Kotak Personal Loan Festival Offer 

Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years. 

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Yes Bank Personal Loan Interest Rates FAQs

Why should I apply for a personal loan from Yes Bank?

Unlike other banks, Yes Bank offers loan at 10.99% interest rate combined with the lowest EMI of Rs. 2,174 per Lakh. Therefore, if you are paying an EMI more than this amount then you can opt for balance transfer and relocate your loan to Yes Bank.

How much interest rate is charged by Yes Bank on personal loans?

The interest rates in Yes Bank range from 10.99% to 16.99% in case of Personal Loans.

What is the minimum and maximum period or tenure of Personal Loan in Yes Bank?

With regard to Yes Bank, you can repay your Personal Loan in a flexible time period of minimum 12 months to maximum 60 months.

How much Personal Loan amount can I avail from Yes Bank?

Yes Bank offers you a loan with a minimum amount of Rs. 1 Lakh to a maximum amount of Rs. 40 Lakhs.

Does Yes Bank Allow Part-prepayment of the Personal Loan?

Yes, you can opt for part-prepayment of your Yes Bank Personal Loan. However, this facility can be availed only after the payment of 12 EMIs.

Is age an eligibility factor to get Personal Loans from Yes Bank?

Yes, age is a vital factor to check the eligibility of a customer to get a Personal Loan. You need to be at least 21 years old at loan approval time and 60 years old at loan maturity time.

Do I need a guarantor to get Yes Bank Personal Loan?

No, you don't have to bring a guarantor for Yes Bank Personal Loan.

Can I add my spouse's income to mine while applying for Personal Loan from Yes Bank?

Yes Bank allows you to combine your income along with your spouse's income so that you increase your loan eligibility and get a higher loan amount