Yes Bank Gold Loan

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Yes Bank gold loan is provided against gold coins or jewellery. The bank promises a smooth and hassle-free loan process for both its new and existing customers. The funds can be used for business and personal purposes. Many use the loan amount for emergency expenses such as travel, medical contingency, home repair, and other reasons such as travel, education, wedding, important events, business expansion, etc.

At Loanbaba, you will get to understand all the details about gold loan by Yes Bank.

Details of Yes Bank gold loans in India:

Yes Bank Jewel Loan

Details

Loan Amount

Rs. 25 thousand to Rs. 50 lakhs

Interest Rate

11.00% onwards

Tenure

6 months to 36 months

Processing Fee

0.75% to 1% of the loan amount

Prepayment Charges

0.50% in case the loan is prepaid before the first 6 months

Loan against Gold Scheme

Overdraft scheme and EMI scheme

Yes Bank Gold Loan Interest Rates

Yes Bank gold loan rate starts at 11.00%. The interest rate however will depend on gold weight and purity, loan amount, loan applicant’s profile, repayment capacity, and other factors. It is always best to compare and check rates of several jewel loan schemes offered by the bank, before selecting the suitable option. Also, choosing a shorter loan tenure will help reduce interest payout.

Yes Bank Gold Loan Interest Rates 2019 Information

Gold loan interest rate Yes Bank starts from 11% but differs as per many factors, such as your relationship with the bank, credit history, gold weight and purity, tenure of the loan, and many more. The Yes Bank interest rate calculator considers these factors to determine the exact rate of interest applicable on your loans.

You may use EMI calculator and Eligibility calculator to know the instalment amount to pay every month till end of tenure, and your eligibility for the loan.

Features of Yes Bank Gold Loan

Yes Bank offers gold loan to its customers against gold coins or jewelry as security at attractive rate of interest. The process of loan is quite hassle-free and convenient to the customers as the process is quite smooth. The features of loan are discussed as under:

Yes Bank Gold Loan Eligibility Criteria

Below given are eligibility criteria for Yes Bank jewel loan.

Documents Required to Apply for Gold Loan

KYC certificates i.e. address proof and identity proof; PAN card need to be submitted with 2 passport- sized recent photographs, and duly filled and signed loan application form.

How to Apply for Yes Bank Gold Loan?

You can either apply for loan offline or on the internet. Gold valuation needs to be done at the bank, irrespective the loan application dropped online or offline. Take help of Yes Bank gold loancalculator on the internet to understand the EMI amount and your loan eligibility. Jewelry appraiser certificate will be provided, based on which a loan amount, interest rate, and other conditions and terms will be decided.

Once the application and loan is approved, the funds will be credited to your registered bank account. You can withdraw this amount or transfer, use the fund for any purpose you may have.

Yes Bank Gold loan FAQs

Below-mentioned are frequently asked questions about Yes Bank jewelry loan.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Yes Bank for gold loan.