Yes Bank Personal Loan Eligibility – Complete Guide

Key Takeaways 

• A salaried person between the ages of 21 and 60 who earns an average of ₹25,000 per month is normally eligible for a Yes Bank personal loan.

• The Yes Bank personal loan eligibility calculator allows you to estimate your borrowing power by taking into consideration your age, income, and current debts.

• A good credit score improves your chances of getting a Yes bank personal loan, especially if your Yes Bank personal loan eligibility CIBIL score is strong.

“Do you know why some loan applications get approved fast and others get rejected? It is all because of a few simple rules.”

You can be eligible for a personal loan if you meet Yes Bank’s “rules” for borrowing. Yes Bank personal loan eligibility outlines criteria applicants must satisfy, including income, credit score, employment stability, age limits, and documentation requirements for successful loan approval.

I just found out that if I apply as a salaried individual, Yes Bank requires a minimum income of ₹25,000 per month. This is the standard Yes Bank personal loan minimum salary for salaried applicants. This implies that I might not be eligible for their loan if I don't earn that much (or more). 

It helps me avoid applying for loans I won’t qualify for, because I know the minimum income needed and how my CIBIL score affects my chances of getting a Yes Bank personal loan.

I'll go over those requirements, the necessary documents, and some helpful advice in this blog.

Bonus Tip: Do you know? You can check your Yes Bank pre-approved loan offer in seconds, just log in to YES ONLINE and tap on the Loans section.

Yes Bank Personal Loan Eligibility Criteria 

Bro, personal loan approval depends entirely on your financial stability. This guide breaks down Yes Bank Personal Loan eligibility factors like, age, income, and credit with simple clarity.

Yes Bank considers a number of factors to decide if I qualify for the personal loan. These are the main criteria for Yes bank personal loan:

I increase my chances of receiving a personal loan from Yes Bank quickly and having a positive experience when I fulfill all of these requirements.

Required Documents for Yes Bank Personal Loan Eligibility Verification

I have to provide a few documents attesting to my identity, income, and employment before I can apply for a personal loan from Yes Bank. 

These documents enable Yes Bank to confirm my eligibility for a personal loan.

Conclusion

Your age, income, employment status, debts, and credit history all contribute to your eligibility for a Yes Bank personal loan. You're in a good place if you meet Yes bank requirements and have the required documents. Use the Yes Bank personal loan eligibility calculator to see if you qualify before applying, which will save you time and effort. 

FAQs Related to Yes Bank Personal Loan Eligibility Criteria 

Is Yes Bank good for a personal loan? 

Yes, Yes Bank is a good option for personal loans because the bank offers quick processing, flexible repayment options, and transparent eligibility rules. Approval is simple if you meet the bank’s income, age, and credit score criteria.

How can I close my personal loan with Yes Bank?

You can close your Yes Bank personal loan by visiting the nearest Yes Bank branch with your loan account number, paying the remaining balance, and collecting the loan closure or NOC letter. You can also request a foreclosure statement through net banking or customer care.

Can I increase my personal loan amount with Yes Bank later?

Yes, if you repay your EMIs on time and maintain a good credit score, you may become eligible for a top-up loan. You can check this through YES ONLINE or by contacting customer care.

How long does Yes Bank take to approve a personal loan?

Yes Bank usually approves personal loans within a few hours if the documents and eligibility are clear. In some cases, it may take up to 24 - 48 hours for verification.

Can I apply for a Yes Bank personal loan without a salary account in Yes Bank?

Yes, you can apply even if your salary account is in another bank. You just need to submit your recent salary slips and bank statements as income proof.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.