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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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YES Bank offers personal loans at attractive interest rates, flexible repayment tenures, and minimum processing charges. YES Bank personal loan interest rates will vary with the loan amount, loan tenure, and some other factors as well.
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If you face an emergency and need money immediately, then you can apply for a personal loan from YES BANK. It is a loan that is unsecured. You can get this loan for a short or medium-term, and it does not require any collateral. This loan can be used for a wide range of uses like buying furniture for your home, buying a car, taking a holiday, marriage in the family, renovating your home and a lot more. Anybody between the ages of 21 – 60 years can avail a personal loan from YES BANK. The loan is available to self-employed and salaried people.
Personal loans attract higher interest as compared to other types of loans. Depending on the credit profile of the borrower, the terms of the loan can vary from person to person.
About YES BANK Personal Loan Interest Rate
| Fee | Amount to be repaid |
|---|---|
| Interest rate | 10.75% -20% for salaried individuals |
| Loan processing charges | 10.99 to 2% of loan amount with applicable tax |
| Prepayment charges | 4% of the outstanding principal amount |
Note: The above interest rates and other charges are subject to periodic review and change by the bank at any time.
Unlike secured loans, personal loans which are unsecured or collateral-free do not have a constant rate of interest. Many factors affect the rate of interest on personal loans. Some of these factors include
A few other factors may be considered at the time of application. However, interest rates usually fall between the ranges of 10.75% to 20% per annum.
YES BANK provides customized schemes and personal loan interest rates to borrowers who are working in reputed companies, government institutions, banks, and others. Some of the personal schemes include a loan for meeting personal expenses and personal loan for meeting short-term requirements such as home renovation or marriage.
The first thing to do before you apply for a YES BANK loan is to check your eligibility. You can do this by visiting the bank website and entering the required details. The application form also available on the bank website which must be filled in and submitted to the nearest branch of YES BANK. You can also get a form at the bank branch. The process is simplified if you are an existing account holder and KYC compliant. If not, you may be required to submit your KYC along with other loan related documents.
It is important to know the charges applied to YES BANK personal loans. Apart from interest, YES BANK charges some processing fee for personal loans. While YES BANK allows foreclosure, a penalty of up to 4% is applicable for pre-closure of the loan account. Charges are also applicable in case the EMI cheque is not cleared. The bank provides every borrower a complete personalized schedule of charges for each loan.
1. What is the minimum interest rate on a YES BANK personal loan?
The minimum rate of interest on YES BANK personal loan starts at 10.75%.
2. What is the lowest EMI on a personal loan from YES BANK?
The lowest EMI on a personal loan of Rs 1,00,000 is Rs 2,162.
3. How much time will YES BANK take to sanction a personal loan?
Loan sanction can be completed within a few hours or it may take a few days. A lot depends on the eligibility, documentation and other factors affecting the loan.
4. How much can a person borrow?
A person can borrow Rs 2,00,000 – Rs 25,00,000 depending on his repayment capacity and other factors affecting the loan.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application