YES Bank Loan Application Form
Personal loans of up to Rs.40 lakh are available from YES BANK to salaried and self-employed individuals who match the pre-defined qualifying requirements.
YES BANK examines an applicant’s age, monthly income, outstanding liabilities, job status and history, work experience, and the number of years they have resided in their current residence before granting a personal loan application.
Age:- Your age at the time of application will affect your eligibility for a personal loan. People in their 20s and 30s may be able to borrow a larger loan amount since they can choose a longer repayment period. This, however, is contingent on the applicant completing all of the other requirements.
Income:- To be eligible for a personal loan, you must have a minimum monthly salary of Rs.25,000 or Rs.18,000 (depending on where you live). Individuals with a high income might borrow more because their repayment ability is likely to be higher as well.
Work experience:- Personal loans are typically only offered to candidates who have been employed or operating a business for a few years, as solid job experience indicates financial stability.
CIBIL Score:- An applicant with a CIBIL score of over 700 is entitled to borrow a large loan amount at a low rate of interest.
Financial Liabilities:- You may not be able to borrow much if you have financial liabilities such as existing loans or credit card debts because your repayment ability is likely to be lower.
YES Bank Loan Interest Rate
The interest rate is 10.99% p.a for every customer.