How To Apply For YES Bank Personal Loan in Easy Steps?

Every individual looks to opt for a personal loan whenever they need urgent money for different needs such as holiday, home renovation, wedding, etc. Over the years, the process of getting a personal loan has become easier since individuals can get it from banks and non-banking financial companies. Among those several choices, YES Bank Personal Loan is one of the popular choices among customers. One of the main reasons behind its popularity is its easy application process with which any person can get the required loan amount to fulfill urgent needs.

How to Apply for YES Bank Personal Loan? — This is one of the most often asked questions that people ask before going for a personal loan. Well, one of the best things about a personal loan facility from YES Bank is customers can apply for it via both online and offline methods. If you are someone who is not well versed with the technology, you just need to visit the nearest branch of YES Bank where the representatives will take care of everything. However, if you are someone who wants to apply for a personal loan from your home, you can always choose the online method.

Want to know what are the steps that you will need to follow while applying for YES Bank Personal Loan? Well, in this article, we will be discussing the same so that you can understand better. Keep reading to know more!

Steps to Follow when Applying for a YES Bank Personal Loan

There are a few steps that an individual needs to keep in his or her mind when going to apply for a YES Bank personal loan. We are showing all of these steps below. Have a look!

Step 1: Know Your Requirements

The first and foremost step is to assess how much loan amount you will need and whether you would be able to repay it or not within a given tenure. With a YES Bank personal loan, individuals can choose a loan amount ranging from INR 1 lakh to INR 40 lakh for a tenure of 12 to 60 months. Do remember that you should not go for a loan amount beyond your repayment capacity. It is advised to analyze your current monthly income and existing obligations before choosing a loan amount. This will help you choose a suitable EMI amount.

Step 2: Find Out the Personal Loan Eligibility

The second step would be to know the eligible loan amount for the YES Bank personal loan. This can be done via the personal loan eligibility calculator from the YES Bank. You would need to fill in a few details such as your age, monthly income, other monthly expenses, existing obligations (credit card or loan EMIs), employer, years at current company, residing location type, number of years living in that location, etc. On filling in these details, the individual will get to know the eligible personal loan amount.

Step 3: Verification and Loan Disbursal

After filling in all the required details, you will get a call from YES Bank regarding your loan application. While applying for a YES Bank Personal Loan, you will need to submit a few documents with which the lender will verify your details. We are showing the list of documents that you will need to submit below. Have a look!

1. Properly filled application form

2. Identity Proof (Passport, Driving Licence, Aadhar Card, Voter ID)

3. Address Proof ( A valid form of ID proof with the permanent address such as electricity bill, telephone bill, etc.)

4. Bank statement of last 3 months as Income Proof

So, these are the steps that you need to follow if you are going to apply for a YES Bank personal loan. Apart from this, in case you face any problem, you can take help from the YES Bank customer care representatives.