yes-bank-personal-loan

a. Age – For Salaried - 22-60 years

For Self-employed – 21-65 years

b. Credit score: 750 or above

c. Employment Type: Salaried

Self-employed

d. Minimum net income (monthly): Rs 25,000

e. Work experience: For salaried- 2 years of job stability and a minimum of 6 months
with the current employer.

For self-employed- 3 years of business stability

Every applicant is required to submit the following documents when applying for Yes Bank Personal Loan -

• Completed Yes Bank Personal Loan application form with the applicant’s signature.
• 2 current photographs of the applicant.
• ITR of the last 2 years.
• Proof of Identity.
• Address Proof.
• Proof of Authenticating applicant’s Signature.

Salaried applicants need to submit the following documents in addition to the ones listed above –

• Recent payslips
• A processing fee cheque
• Bank statement copy of past 3 months
• Form 16 with Salary certificate featuring current date
• Employer’s ID

Self-employed applicants are required to submit the following documents in addition to the ones above -

• Recent bank statement showcasing your income details
• Recent IT or Form 16
• Work/Business experience proof

Identity Proof (for all applicants)

• Driving License
• Aadhar Card
• Valid Passport
• PAN Card
• Voter ID

Proof of Residential Address (for all applicants)

• Registered Rent Agreement
• Leave and License
• Passport
• Utility Bill (3 months old)

Birth Date Proof (for all applicants)

• Driving License
• Valid Passport
• Voter ID
• Aadhar Card

Income documents (for salaried applicants)

• Form 16 ( last 2 years)
• Latest 3 months’ payslips
• Bank statement of past 180 days showing EMI debit (if any) or salary credit

Here is the step-by-step process of getting Yes Bank Personal Loan online -

1. Complete the official application form of Yes Bank Personal Loan by adding all the relevant details. Apnapaisa.com is a safe and secure marketplace to apply for a loan.

2. Fill in financial, personal, and professional details as needed by the bank.

3. Submit the completed, duly signed form along with all the necessary documents.

4. Once the application form is submitted, Yes Bank officials will verify the details and check eligibility to confirm whether you are eligible for the personal loan or not of the said amount.

5. Once your eligibility is confirmed and the loan application is approved, the funds will be disbursed to your Yes Bank account. Borrowers will get a signed loan copy of the official agreement, including all important details such as loan interest rate, personal loan amount, tenure, provision for a penalty, and charges.

The interest rate for Yes Bank Personal Loan starts from 10.99% per annum. The minimum value of the
loan is INR 1 lakh, and the maximum value is 40 lakh. The repayment tenure is flexible—ranging
between 1 to 5 years. Customers are allowed to transfer their current personal loan from the
bank account of another bank to Yes Bank at the same interest rate.