personal loan

Getting Yes Bank Personal Loan Would Be Easier With These Secrets

When someone says they could not get approval for their loan or were rejected, don’t you start thinking about your case? In simple terms, loans may be available to all but not everyone gets approval for it.

There are certain factors based on which loans are provided. These are: age, income and professional stability along with good credit history. At Yes Bank, you can apply for a personal loan only but the approval would be given if you have required income.

A personal loan from Yes Bank can be used for any legitimate purpose such as travel, medical expenses, wedding, purchase, or higher education. The rates start from 10.85% per annum which is among the lowest rates. If you also need money for any of these purposes, check the tricks or secrets through which you can surely get it.

What’s the trick to get Yes Bank Personal Loan?

If you really want to make sure you get the approval for the loan, you can follow the below steps:

  • Make sure you have good credit history
  • Your credit score should be more than 750 to get lower rates
  • You should have all the listed documents
  • Your income should be good enough to get approval
  • EMIs should be within your repayment capacity
  • Information provided by you is genuine

Yes Bank Personal Loan Interest Rate 2018

The lowest interest rate for a personal loan is 10.85% per annum. Yes Bank personal loan interest rate is given by keeping into account your income and age.

Yes Bank Personal Loan Documents Required

Salaried Individuals

  • Valid Proof of Applicant’s Identity (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
  • Proof of Residence (any one of the following): Ration Card/Passport/Utility Bill
  • Proof of Age (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
  • Income Proof: Latest 3 month’s Salary Slips and Form 16.
  • Job Continuity Proof: Current Employment Certificate or Current Job Appointment letter and Experience Certificate
  • Bank Statement: Latest 6 month’s statement from bank
  • 1 Passport size color Photograph
  • If there are existing loans submit Payment Track Record and sanction letter

Self Employed Professionals

  • Valid Proof of Applicant’s Identity (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
  • Proof of Residence (any one of the following): Ration Card/Passport/Utility Bill
  • Proof of Age (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
  • Office Address Proof: Property Document/Maintenance Bills/Utility Bill
  • Office Ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
  • Business Existence Proof: 3 years old Salary Statement/Shop Establishment
  • Income Proof: Latest 2 years Income Tax Returns including Computation of Income/P&L Account/Balance Sheet

Yes Bank Personal Loan Status Check Online

When you apply for a loan online, you get a customer ID or loan application ID. This ID could be used to check the status of your Yes Bank personal loan online. You can see whether you request has been processed or not.

Yes Bank Personal Loan Interest Rate Calculator

An interest rate calculator is nothing but loan EMI calculator. This tool is used to check EMIs for the future or ongoing loan. On the basis of this, you can decide whether you can manage Yes Bank personal loan easily or do you need to change your required loan amount.

 

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