YES Bank Personal Loan

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 40 lakh
  • The minimum amount you can apply for is Rs 1 lakh


The applicable interest rate on this loan depends on different factors such as income level, credit history, employment status, and capacity for repayment. As of April 2023, the interest rates range from 10.99% to 20.00%


  • This loan must be repaid within 5 years
  • You can prepay the YES Bank Personal Loan in parts after 12 months of taking the loan


  • 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 2.00% 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