Hello there. The Yes Bank personal loan minimum salary is Rs. 25,000 per month. Being an employee at Yes Bank, I can give you proper details about the personal loan we offer. The bank analyses your repayment potential through your income. It is a part of the eligibility criteria. In case you have a low income which is becoming a hurdle in your loan approval, consider options like applying with a co-applicant, showcasing your investments and maintaining a CIBIL score of 750. Let me tell you more about the personal loan at Yes Bank.
What are the Interest Rates and Charges of Personal Loan from Yes Bank?
As I already said that the Yes bank personal loan eligibility minimum salary is Rs. 25K. I’d like to highlight the Yes Bank personal loan interest rate and other charges:
Personal Loan Interest rate |
11.25 to 21 percent per annum |
Processing charges |
Up to 2.5 percent of the loan proceeds |
Stamp duty and other statutory fees |
As per the applicable state laws |
I hope this helps!
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Hi Sumit. I am here to tell you that the Yes Bank personal loan minimum salary is Rs. 25,000 per month to be eligible to apply for a personal loan at the bank. Let me tell you more about this.
What is the Yes Bank Personal Loan Eligibility Minimum Salary?
As I said above, you must earn at least Rs. 25,000 every month. Mr Rishi has shared the details related to the eligibility criteria for self-employed individuals, so you can check that out.
What is the Personal Loan Interest Rate at Yes Bank?
When I applied for a personal loan at Yes Bank last month, the interest rate ranged between 10.99 and 20 per cent per annum.
Your profile, which includes your monthly income, will impact the interest rate at which you get the loan. A higher income will increase your chances of getting a higher amount of loan at a lower interest rate.
This is all I have to share with you regarding the minimum salary needed to be eligible to apply for a personal loan at Yes Bank. I hope it helps.
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Hi,
My cousin is an employee at Yes Bank. According to him, Yes Bank is the kind of Bank that makes loan processing quick and easy. When I asked him about yes bank personal loan minimum salary, here is what he told me.
Yes Bank Personal Loan Eligibility Minimum Salary
According to him, there are two criteria based on which Yes Bank gives out personal loans, which are salaried and self-employed individuals. Here is what each should fulfill to be eligible for a personal loan.
Salaried |
Self Employed |
|
Age | 21-60 |
25-65 |
Credit Score | 700 or above |
700 or above |
Processing Fee | Up to 2.50% |
Up to 2.50% |
Foreclosure Charges | 4% of principal outstanding after 12 EMIs |
4% of principal outstanding after 12 EMIs |
Income | 25,000/m (Tier 1 cities) 18,000/m (Tier 2 cities) |
- |
He also told me to keep a few documents handy if I am planning to apply for a Yes Bank personal loan. Here are the documents that he mentioned
2 passport-size photographs
ID proof - Aadhar card, Voter card, PAN card, or Passport.
Address proof - Passport, driver's licence, utility bills such as electricity or gas. And these shouldn't be more than 3 months old.
Last 3 months' bank account statement.
Form 16 of last 2 years.
Copy of IT return of last 2 years.
And that's about it. I hope the Yes Bank personal loan minimum salary is clear to you.
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What Is Yes Bank Personal Loan Minimum Salary?
sumit
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3 Answers
1 Year
2023-12-27T09:47:55+00:00 2023-12-27T09:48:10+00:00Comment
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