Yes Bank Personal Loan Interest Rate starts from 10.99%. The lowest EMI for Rs. 1 lakh at best rate and 60 months tenure is Rs. 2,174. The loan amount is between 1 lakh and Rs. 40 lakhs. You can borrow if in the age group of 21 years and 60 years. The funds are available to both self-employed professionals and salaried individuals. The loan is unsecured in nature, no collateral is required to avail it. You can use the amount for any need such as medical emergency, short-term expense, travel, home repair, education of children, big-ticket purchase, etc.
In the post below we will discuss about Yes Bank Personal Loan features, fees and charges, factors that influence the rate of interest, illustration of loan’s total cost, interest calculation, EMI calculation, and frequently asked questions.
Here are the following features:
Apart from the interest rate, you need to understand the other applicable charges. Knowing about the same will help you calculate the loan’s total cost and take an informed decision.
The bank checks your employment and financial details to decide the rate of interest. It will analyse your loan amount, financial liabilities, employment details, tenure, credit history, monthly income, and other factors which are mentioned below:
At 10.99% applied on Rs. 1 lakh loan amount, here are the interest and monthly instalment calculation for different tenures.
EMI is equated monthly instalment that you have to pay to the bank every month as repayment. This is a fixed amount that you have to pay on the fixed date either through ECS, standing instruction, or any other method available. The lowest EMI is Rs. 2,174 for Rs. 1 lakh for 60 months at 10.99%. Below we have mentioned different loan amounts borrower over different tenures at lowest interest rate.
Here is another illustration for EMI calculation at 10.99% for different tenures and loan amounts:
Here are the Yes Bank Personal Loan Interest Rate FAQs:
CIBIL score or credit score indicates your ability to repay a loan. Your CIBIL report details the repayment record such as ongoing or past EMIs, loan default/delayed payment, credit card bill payment, etc. The closer your CIBIL score is to 900, the bank is keen to approve the loan and offer a lower interest rate, and vice-versa. To get a personal loan Yes Bank, you must have CIBIL score 750+.
The bank offers a low rate of interest starting from 10.99%. You can borrow as less as Rs. 1 lakh and up to Rs. 40 lakhs. The lowest EMI per Rs. 1 lakh is Rs. 2,174. The tenure is flexible between 12 months and 60 months. You can opt for a balance transfer or top-up loan as well. Besides these features, the bank has a great customer service and support system.
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