Here is what you can enjoy on availing of Yes Bank Personal Loan 2022

If you have come across Yes Bank Personal Loan 2022, you must know it precisely, what all are the features that you can enjoy on availing of it. After all, nobody wishes to avail of such a product that is not gratifying one’s needs. 

Further in the post, we have talked precisely about the features and benefits that you can relish when you take out Yes Bank Personal Loan 2022! 

• Collateral-Free 

Yes Bank Personal Loan 2022 does not require any sort of collateral against the funds. 

• Flexible Repayment 

You can opt for a repayment term of up to 5 years in accordance with your convenience. 

Moreover, you can also check the EMI pay out for various term and opt for the best suited repayment term to your requirements and creditworthiness. 

• Appealing Interest Rate 

Yes Bank Personal Loan 2022 interest rate can be availed at a minimum interest rate of 10.99% p.a. 

• Online Application Process 

You can easily avail of Yes Bank Personal Loan 2022 by means of the online loan application service with minimal documentation. 

• Personal Loan Balance Transfer Facility 

You can carry out the transfer process of your high-cost personal loan from another bank or NBFC to Yes Bank at a lower rate of interest. 

Even though, you can avail of a top up personal loan on the same if you are in need of accessing extra money. 

• Service at Ease 

Yes Bank extends doorstep banking services. A representative of the bank will visit your office or home address so as to carry out the completion of your personal loan application and documentation procedures. 

• Part Pre-payment 

You can also partly pre-pay your personal loan after you have successfully made the payments of 12 EMIs. 

• Fast Approval 

You can use the Yes Bank mPower Bot for the purpose of getting 1-minute in-principle approval on your application. 

After you submit the documents, the bank will then come up with its final decision within a matter of 5 working days. 

• Fast Credit 

Yes Bank Personal Loan 2022 amount gets credited into the borrower’s bank account within a few hours post your application gets processed and approved. 

Yes Bank Personal Loan 2022 – Eligibility Requirments 

Both salaried and self-employed individuals can apply for a personal loan from Yes Bank subject to the core eligibility conditions as stated below: 

• For Salaried Individuals 

Any salaried employee who is aged between 22 years and 60 years having a minimum income of Rs. 18,000/month can apply for Yes Bank Personal Loan 2022. 

In addition to this, following are the key factors that may affect the eligibility for a personal loan from Yes Bank: 

• Stable employment history 
• The type of residential place (rented, owned or mortgaged) 
• Prior association with Yes Bank 
• Good credit score and credit history 
• Good monthly income 
• Pre-existing instalments and other recurring expenses should be none or nominal. 

• For Self-Employed Individuals 

If you are a self-employed applicant, the minimum age required from you so as to apply for Yes Bank Personal Loan 2022 is 22 years. 

Besides, factors affecting the eligibility of self-employed individuals applying for Yes Bank personal loan are as stated below: 

• Business constancy proven by current business registration certificate or same document. 
• Constant income history proven by certified account statements / P&L statement, etc. 

Yes Bank Personal Loan 2022 – Documents Requirements 

Following are the typical documents that you will have to attach with your personal loan application at Yes Bank: 

• Duly filled-in application form. 
• Proof of address 
• Proof of identity 

 For Salaried 

• Proof of employment 
• Proof of income 

For Self-Employed 

• Proof of Business 
• Proof of Income 

Note: You may be asked for additional documents based on your credit profile. 

The Bottom Line 

To conclude, you can avail of the best Yes Bank Personal Loan Interest Rate if you meet the eligibility requirements of the lender alongside if you also possess all the required documents. 

Even though, before you finalize the product, do not forget to carry out a smart research around the product so as to avoid a potential debt trap.