Thinking of availing a Personal Loan to pay off your debts?

YES Bank Personal Loan to Salaried Customers might just be the right choice for you

YES Bank Personal Loan Scheme

This loan is specifically designed for salaried employees of govt. organisations and reputed private organisations to help them get funds to meet their urgent financial needs. This personal loan can also be repurposed into a consolidation loan to pay off their high-interest credit card debts and loans.

Features of YES Bank Personal Loan

Why this Loan?

  • The YES Bank Personal Loan is meant for salaried employees of government units/institutions or reputed private organisations who need funds to meet their personal needs
  • This loan can also be used to pay off high-interest debts, thereby consolidating debt
  • This is a collateral-free loan

Loan Amount

  • The maximum loan amount offered under this loan scheme is up to Rs. 25 lakh


  • The applicable interest rate on this loan is defined as the sum of two factors namely, Marginal Cost of Funds based Lending Rate (MCLR) and Spread. As of October 2020, the interest rate applicable to this loan may range from 10.45% to 16.25%


  • This loan must be repaid within 5 years


  • Salaried employees of Public Sector Undertakings, Central Government or State Government units, reputed corporate entities, etc. with a minimum net monthly income of Rs. 20,000

Security Needed

  • This is a collateral-free loan

Processing Charges

  • The bank charges 2.50% of the loan amount for processing this loan subject to a minimum of Rs. 999

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns

Reference Facts

  • YES Bank Website:
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Toll-Free Number: 1800 1200