Apply Online
Maximize Your Benefits with a Yes Bank Personal Loan
YES Bank personal loan is a medium-term credit option offering financial security and flexibility. It is a diverse solution to meet a wide range of financial purposes – whether it's embracing on a long-awaited vacation, tackling unforeseen medical expenses, or investing in the ever-waited passion project, instant personal loans serve as a reliable ally. With easy and flexible repayment options and instant approvals, a personal loan is taken as a handy financing option to fall back on in times of emergencies.
Types of Yes Bank Personal Loan
From engagement to the honeymoon, Indian weddings are extravagant. Do not let upfront budget requirements ruin your D-day. Plan your dream wedding without worrying about money with YES Bank personal loan.
Personal loan for travel
Need to book a perfect vacation for your family but are compromising on comfort due to budget constraints? Avail a travel loan with yes bank and live your family's dream guilt-free.
Personal loan for home renovation
Do you feel that your home décor is outdated and needs renovation? Consider a stress-free home renovation loan to redesign your abode per the latest trends.
Personal loan for debt consolidation
You can reduce the burden of many EMIs from different loans in your name through a single debt consolidation loan. It helps you reduce the interest rate and EMI costs.
Personal loans for government employees
Government employees can use quick personal loans for primary financial needs like a child's education or wedding. Yes Bank provides a range of easy repayment choices at attractive interest rates.
Personal loan for medical emergency
You may not always be fully insured to cover medical emergencies despite thorough planning. Hassle-free personal loans can ease the financial burden on your shoulders. The affordable interest rate on personal loans makes them your savior in need.
Personal loans for students
Don't let the money barrier stop you from pursuing higher education. If you have secured admission, whether in India or abroad, fuel your aspirations through a personal loan for students.
Personal loan for women
Ladies, is a money crunch stopping you from achieving your dreams? Calculate how much it will cost you through the EMI Calculator, avail of a personal loan, and make it yours now.
Top up loan
A personal loan top-up is perfect to meet those unforeseen expenses. Avail of the balance transfer facility and transfer an existing loan to YES Bank for better loan deals.
Urgent loan
Benefit from a hassle-free urgent personal loan in the case of an urgent money crisis. Be it an unavoidable trip or a medical emergency, you can pay back with affordable EMIs.
Small loan
YES Bank provides the customers small loans starting from Rs. 50,000.
Features & Benefits
Eligibility
Who can apply:
- Employees from private and public sector
- 2 years job experience, 1 year with current employer
- Minimum ₹ 15000 monthly income
Age:
Individuals between 21 and 60 years of age
Required Documents
Identity Proof
- Passport
- Voter ID
- Driving License
- Aadhar Card (Mandatory)
- Pan card (Mandatory)
Any of the following
Address Proof
- Passport
- Utility Bill
- Aadhar Card
- Driving License
Any of the following
Other Docs
Mandatory
- Salary Slips ( Last 3 months)
- Salary A/c Bank statement ( Last 3 months)
Calculator
Calculate your Loan EMI in 3 easy steps. Use the slider to set your loan amount, interest rate and tenure to understand your loan summary
Loan Summary
Loan Amount
₹ 100,000
Interest Payable
₹ 17,397
Monthly EMI
₹ 1,957
How to Apply
Now you can easily apply for a Yes Bank personal loan by following simple steps. The application process is made smooth and efficient by following certain steps that can be understood as the following.
- Scroll Up. Fill in the basic details about your name, number, and work profile.
- Fill in your personal details. For example, your email, company name, and DOB.
- Mention your credit score, PAN number, and salary-related information.
- Compare the offers from 20+ banks and NBFCs before applying for loans.
- Organise all the documents, like the Aadhaar Card, PAN Card, residential proof, KYC details, and past 3 months' bank account statement. Submit these documents when needed.
- After successful document verification, your loan will be approved and money will be credited to your bank account.
Tips to Avoid Loan Rejection
In order to avoid the rejection of a loan from the Yes Bank personal loan, you must adhere to the mentioned details. Before applying for a personal loan, you can follow the below mentioned guidelines to increase chances of the success of a loan application.
1. CIBIL Score Above 650
You have a high chance of loan approval if your CIBIL score is more than 650. So, try to increase your credit score to match this number. You have a high chance of loan approval if your CIBIL score is more than 650. So, try to increase your credit score to match this number.
2. Lower Debt-To-Income Ratio
If you majorly depend on your credit card, even after spending your monthly income, then the chances of loan approval are low.
3. Clear Existing Debts
Try to stay clear of all the outstanding debt. If you repay your loans timely, then banks will prefer to lend more loans to you.
4. Provide Verified Information
Don’t lie about your information over the tele-verification process. If found not true with supporting documents, the chances of rejection increase.
5. Stable Employment
Try to have a stable job for at least 1 year before applying for a loan. This will help you have more chances of loan application approval.
6. Credit Report of Last 6 Months
When you are planning to apply for a loan, make sure that your credit history of the last 6 months is up to the mark.
7. Timely EMI Repayments
If you pay your loan EMI on the due date/month. Then your credit score will boost instantly. This will guarantee instant loan approval.
8. Don’t Engage in Paid Fantasy Gaming Apps
Avoid getting addicted to betting on paid fantasy gaming apps like Dream 11, Ludo, Poker, etc. Remember, there is no shortcut to long-term wealth.
9. Clean Salary Bank Account Statement
Do not engage in external transactions on major stockbroking platforms. Try to keep a clean transaction history of your salary bank account.
10. Average Bank Balance
Investing in derivative products like Future and Options (F&O) trading is a very risky scenario if you are planning to avoid loan rejection.
11. Multiple F&O Transactions in the Stock Market
If you can retain 25% of your monthly income as savings in your bank account, then banks will prefer to approve your loan application.