Yes Bank provides loans to the customers without any collateral to provide financial aid. If you lack funds to satisfy your monetary requirements then you can borrow the desired loan amount. With Yes Bank personal loan you can borrow up to INR 40 lakh from the bank at an attractive rate of interest. Read the given article and know the personal loan features, eligibility and current rate of interest.
Who can avail the Yes Bank personal loan?
Any individual who is an Indian resident and having a regular income is eligible for the personal loan from Yes Bank. Minimum age of the applicant should be 21 years and above to get a Yes Bank personal loan. And the maximum age shouldn’t exceed more than 65 years during the loan closure. The minimum net monthly income of the applicant should be INR 25,000 and above to apply for a personal loan. And the necessary documents must be submitted to the bank along with the loan application form. Yes Bank approved the loan within 48 hours and the amount is disbursed to your account.
Yes Bank Personal loan interest rates are affordable
The personal loan interest rate is starting from 10.99% per annum and you can pay the interest in equated monthly loan installments. Interest rate is applied in your loan amount depending on the user income, credit capacity and repayment history. If you meet all these criteria then you can negotiate for a low rate of interest. A good CIBIL score and high income is one of those factors that provides a lower Yes Bank personal loan interest rate.
If you don’t have a CIBIl score then don’t worry you still can get a personal loan. Because first-time loan borrowers CIBIL score is zero. And you can get the loan from Yes Bank if your flow of income is regular.
How to Apply for Yes Bank personal loan?
You can get a personal loan and satisfy your money requirements like marriage expense or medical emergencies. To apply for the loan just visit the nearby Yes Bank branch and apply for the loan. Just fill out the loan application form and submit a few necessary documents like Aadhar, PAN, Salary Slip, Bank Statement, Form 16 and ITR report. With the help of Yes Bank personal loan calculators, you can check the loan eligibility and EMI of the borrowed amount. It helps the customer during the loan process.
So, if you are facing any financial debts and need a high amount to get rid of that. Then get a Yes Bank personal loan and pay your debts and manage your financial issues. You can pay the loan EMI using payment methods like Electronic Clearing Service (ECS). Post-dated cheques (PDCs) or auto-debit. The borrower can prepay or close the loan after 12 EMIs to reduce the burden of interest. You just need to pay a 1% prepayment fee for the personal loan and 4% foreclosure fee to close the loan. Now, financial problems are no bigger if you get a personal loan from Yes Bank.