How Many of You Have Checked Yes Bank Personal Loan Interest Rates?
While
looking for options where you can apply for a personal loan, you tend
to start with your existing bank. If you are not an existing customer
of Yes Bank, you might not have checked the interest rate it offers
on a personal loan.
Yes
Bank is among the most popular banks in India where you can get all
types of loans such as personal loan, car loan, home loan, loan
against property, business loan, etc. Personal loans are the most
common and frequently taken loans as it is usually unsecured and
available instantly. Yes Bank personal loan interest rates are also
very low which give you another reason to think of this option in
case of financial need.
You
can take this loan for any legitimate purpose such as wedding,
education, medical expenses, travel, debt clearance, etc. Yes Bank
personal loan comes with the combination of low interest rates and
easy documentation. In this article, you will get to know the
interest rate, documentation and EMI for Yes Bank personal loan.
Yes
Bank Personal Loan Documents Required
Below
is the documentation required to apply for Yes Bank personal loan.
Salaried
Individuals
- Valid Proof of Applicant's Identity (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
-
Proof of Residence (any one of the following): Ration Card/Passport/Utility Bill
-
Proof of Age (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
-
Income Proof: Latest 3 months salary Slips and Form 16.
-
Job Continuity Proof: Current Employment Certificate or Current Job Appointment letter and Experience Certificate
-
Bank Statement: Latest 6 months statement from bank
-
1 Passport size color Photograph
-
If there are existing loans submit Payment Track Record and sanction letter
Self
Employed Professionals
- Valid Proof of Applicant's Identity (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
-
Proof of Residence (any one of the following): Ration Card/Passport/Utility Bill
-
Proof of Age (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
-
Office Address Proof: Property Document/Maintenance Bills/Utility Bill
-
Office Ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
-
Business Existence Proof: 3 years old Salary Statement/Shop Establishment
-
Income Proof: Latest 2 years Income Tax Returns including Computation of Income/P&L Account/Balance Sheet
Yes
Bank personal loan EMI calculator
You
can use Yes Bank personal loan EMI calculator to check effective
monthly installment. Yes Bank personal loan interest rates start with
10.75% per annum. You can put in this rate in the calculator for your
desired loan amount tenure to see the effective EMI.
On
the basis of above information, you might found it interesting to
know that Yes Bank personal loan interest rates are the lowest in
India at present. You can compare the interest rates at other lenders
as well to see the difference. You should always consider most
suitable option so that repayment of the loan is simpler.
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