Can Yes Bank Personal Loan Sweep my Financial Debts?

A personal loan is one of the easiest and most affordable ways to solve financial issues. Whether you are unable to collect funds for marriage expenses, or if there is an unknown medical emergency for which you haven’t secured yourself. With the help of Yes Bank personal loan, you can do a lot more and manage the money requirements. Read the given article and know about the Yes Bank features provided in a personal loan.

Yes bank personal loan and its attractive interest rate!

The bank provides a maximum loan amount up to INR 40 lakh to the customer using which he/she can easily make up their financial debts or any other payments. And, Yes Bank charges an interest rate starting from 10.99% per annum on the borrowed amount. The interest rate of Yes Bank personal loan can be high or according to your desire depending on your income, payment record, etc.

Know the factors which can affect your interest rate on the borrowed amount which are as follows.

Age: If your age is 21 years and above or you do not meet the retirement age during the loan tenure, you can get Yes Bank personal loan. As, the payment duration for the borrowed amount and interest rate is a maximum of 5 years. And, if a person's age meets the retirement age whether his loan application is rejected or a high interest would be charged.

Income: Borrower must have a regular source of income whether he/she is salaried or self-employed. Because the bank needs to be totally secure of the loan amount, as it is collateral-free. For the salaried individual, the minimum income required for the loan is INR 25,000 per month. And the self-employed can prove its source of income through the income tax return reports.

Check Yes Bank personal loan eligibility in few seconds

To know whether you can borrow a loan from Yes Bank, you can use the online eligibility calculator. The bank provides this online tool for the customer convenience. Using the calculator you can find the eligible amount you can borrow under your monthly income. Because, for the loan payment Equated Monthly Installment (EMI), have been used. 

Suppose, if you want to borrow INR 10 lakh from Yes Bank then just select its eligibility calculator. Choose the product like Yes Bank personal loan, enter your name, resident state or city name with Pincode and monthly income. In less than 60 seconds, the calculator will bring the exact amount you can borrow from the bank.

How should I apply for a Yes Bank personal loan?

Visit your nearest branch of Yes Bank and request for the loan application form. Then fill-up the form and submit it to the service provider along with your passport size photograph and a list of documents. The documents include your Aadhar card, PAN card, Driving License, salary slip, bank statement and address proof. When your loan is approved by the bank then you need to pay a nonrefundable amount for Yes Bank personal loan. It is the loan processing charge and is up to 2.50% of the loan amount.