Hello. I am an employee working at Yes Bank as a loan officer. When it comes to the Yes Bank personal loan lock in period, it is fixed at 12 months, i.e., 1 year. If you’ve taken a personal loan from the bank, you’ll have to pay 12 EMIs before being eligible to foreclose the loan. Yes Bank, like all other financial institutions, charges prepayment and foreclosure of the personal loan.
The charges differ based on the time duration after which you’re making the pre-payment. I am sharing the details below.
What are the Yes Bank Loan Part Pre Payment Charges?
The part pre payment charges are 3 percent plus applicable taxes. Here are the detailed charges.
The Period |
Charges |
13-24 Months of EMI repayment |
20% of POS |
25-36 Months of EMI repayment |
20% of POS |
37-48 Months of EMI repayment |
25% of POS |
>48 Months of EMI repayment |
50% of POS |
What are the Yes Bank Loan Foreclosure Charges?
Here are the charges:
Period |
Foreclosure Charges |
13-24 Months of EMI repayment |
4% of POS |
25-36 Months of EMI repayment |
3% of POS |
37-48 Months of EMI repayment |
2% of POS |
>48 Months of EMI repayment |
NIL |
This is all about the Yes Bank personal loan locking period. I hope you find the information useful.
Get an Instant Personal Loan Disbursal Via NB InstaCash! Some related information:What is the Yes Bank Personal Loan Customer Care Number?
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Authors Of The Question
What is Yes Bank Personal Loan Lock in Period?
reet
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45 days
2024-11-09T00:57:45+00:00 2024-11-09T00:57:46+00:00Comment
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