Eligibility Criteria for YES BANK Personal Loan

To avail the personal loan from YES BANK, you need to meet the below eligibility criteria.

• Any salaried working with private or public limited company (Minimum 5 years MCA Vintage) can apply for the personal loan
• Applicant must be between 22 and 60 years
• Minimum net monthly salary should be INR 15,000/INR 30,000/INR 35,000 (basis on the location and the profile of the customer)
• Other monthly expenses, including any current EMI:- 55% to 75% (FOIR)
• Minimum total work experience of 2 years with at least 6 months in the current organization

YES BANK Personal Loan Documents Required

• Identity Proof:- Passport/Driving License/Aadhaar/Voter ID.
• Address Proof:- Aadhaar Card/Gas Bill/Insurance Receipts/Companies Allotment Letter/Bank Statement/Valid Rent Agreement with E- bill/Address proof in the name of family member (Father, Mother, Son, Daughter, Sibling)
• Income Proof:- 3 months bank statement reflecting salary credits and latest 2 month salary slip. If latest month pay slip is not available then same is acceptable if salary credit is reflecting in bank statement
• Residence Ownership Proof – If income < 50k and residence stability is < 6 months (Ownership proof can be in the name of Self/Spouse/Parents/Father-in-law/Mother-in-law)

Other Important Parameters to Keep in Mind

• CIBIL Enquiries of INR 1 to INR 10 will not be treated as inquiries
• CPV waiver as per existing guidelines
• Required CIBIL Score >=680/-1 if existing YBL customers or >=700/-1 if New to YBL customer
• Disbursal in Non-salary Account allowed if salary credits in Payment bank/ECS/NACH cannot be registered
• First EMI payment from Non-Salary account can be accepted if NACH/ECS is obtained from salary account for future installments
• All salaried doctors to be appraised as per Diamond category irrespective of Hospital Category.

YES BANK Personal Loan Calculator

Know the exact calculations of your EMIs with the help of an EMI Calculator. Yes, this smart, time-saving and effective tool allows you to know the exact amount of your monthly installments that you need to pay to your lender each month. To have a better understanding of the same, let’s consider the below example.

Now knowing so many details about Yes Bank Personal Loan, you must want to know how you can apply for YES BANK Personal Loan through Wishfin? Well! the process is quite simple.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

How to Apply for YES BANK Personal Loan at Wishfin?

Now knowing so many details about Yes Bank Personal Loan, you must want to know how you can apply for YES BANK Personal Loan through Wishfin? Well! the process is quite simple.

You can apply Yes Bank Personal Loan online through Wishfin from anywhere from the comfort of your couch. You will only need a laptop or mobile and an internet connection. There are few simple steps that you need to follow. Kindly go through below mentioned steps-

• Visit the official website of Wishfin (www.wishfin.com). You will see the ‘Personal Loan’ section, click over there.
• Now select ‘Apply Now’ and you will be redirected to the Application form where you need to fill-in some of your Personal and Professional details such as your name, email address, phone number, pin code, monthly Net Take Home (NTH) salary, and the required loan amount. After filling these details, submit this application form.
• After this, the customer representatives will have a quick chat/call with you and process your application.

YES BANK Personal Loan Application Status Check Online

It is absolutely easy for you to check your YES BANK status online. Open the website and login with your credentials, and soon after that, enter your loan application number. The moment you enter the number online and click on the ‘Track My Status’ button, the status will flash on the screen. This online facility helps you to check your status anytime. Whether it’s approved, pending or rejected, you can get to know each and every detail without any hassle.

YES BANK Personal Loan Preclosure Charges

Are you someone who wants to pre-close his/her personal loan? If Yes, then you must know the charges applicable to it. YES BANK charges up to 4% of the principal outstanding with applicable GST charges at the time of closing the loan. With the help of this prepayment facility, you can actually end up repaying your loan before the original tenure, saving you from excessive interest payment.

YES BANK Personal Loan Customer Care Number

In case you have any query, complaint or want to give any sort of suggestion or feedback, you can anytime get in touch with the customer care executives of the bank. All you need to do is just dial 1800 103 1212 either from your mobile or landline. These professionals are always there to help you and ensure the best services at all times.

Features of YES BANK Personal Loan

• No need for collateral – While applying for a YES BANK Personal loan, you don’t need to submit any kind of collateral or security against the loan amount you get. As there’s no collateral required, you can access the loan quickly in your account.
• Flexibility in Repayment – Repayment is an important part of the YES BANK personal loan facility. YES BANK provides you a flexible repayment tenure ranging from 12 months to a maximum of 60 months. You can choose the tenure according to your repayment capacity and monthly income. The repayment can be made via the easy monthly instalments. An applicant can also have the pre-estimate about the EMI amount with the help of the YES BANK Personal Loan EMI Calculator. This will help you in managing your finances in an organized way.
• Balance Transfer Facility – Already paying the personal loan somewhere but at a rate higher than what YES BANK charges? You can easily avail of the YES BANK balance transfer facility at lower interest rates. This brings down the monthly EMI while also reducing the interest obligations over time. The process of balance transfer is easy, all you need is to submit a balance transfer request to YES BANK, which will then ask you to get a No-objection Certificate (NOC) as well as the loan statement from the existing lender. YES BANK will check the repayment track and approve the deal if it is smooth.
• Part Payment Facility – If at any point in your tenure, you want to part-pay the outstanding principal amount, you can do it with the part payment facility. This will help reduce the interest burden off your pocket . You will need to pay the remaining amount as per the fixed schedule. Charges will apply at 2% of the part payment amount.

• Foreclosure/Prepayment Facility – With the help of YES BANK personal loan facility, you can also foreclose or make the full payment of your principal outstanding amount after one year of your loan. It means that you can opt for this facility any time after the successful payment of the first 12 EMIs. Charges will apply if you prepay before 48 months. The foreclosure or prepayment charges range from Nil to 4% of the outstanding principal amount.
• Quick Disbursal of loan funds – Once your YES BANK personal loan has been processed and sanctioned, your funds will be disbursed in a matter of hours, ensuring they are available at moment’s notice for any emergencies such as medical payments.
• Lucrative Rate of Interest – YES BANK offers one of the best interest rates available in the industry starting at merely 11.05%.
• Easy to apply for personal loan online – You can easily apply for a personal loan using YES BANK’s online service, which is quick, easy to understand and only requires basic documentation.