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How To Apply For Personal Loan Online In India|Personal Loan|YES BANK

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Wondering what a personal loan is? Well, it’s a loan for a rather in which you borrow money from a bank or a non-banking financial company i.e.NBFC to make ends meet as far as a personal emergency is concerned. These type of loans are often ‘ unsecured’, which mean they are not backed by collateral. And since there is no collateral involves, the lender cannot auction or sell anything that the borrower owns. Generally, interest on these loans much higher as compared to a car loan, gold loan since there is a greater risk for the lender which comes from not having any collateral involved.

You can apply for a personal loan online or can make a personal loan application at a YES BANK brach as well. There are a few different types of personal loans, continue reading to know more in detail.

Types of Personal Loans at YES BANK

1. YES BANK's Personal Loan for Holiday

  • Customers no longer need to have a financial crunch stop them from planning their dream holiday.

  • YES BANK’s personal Loan for holidays ensures that holidays are no longer a luxury you just dream of and enable you to spend some time with your loved and dear ones.

  • A personal loan for a holiday from YES BANK helps cover most of your expenses, including, flight tickets and hotel charges.

  • Depending upon the size of the loan, it can also help to cover travel accessories.

2. YES BANK’s Personal Loan for Wedding

  • An individual’s wedding day is perhaps one of the most important days of their life, which marks the beginning of a new life.

  • YES BANK helps customers ensure that yours or your child’s or siblings big day does not lack any grandeur due to a shortage of funds.

  • Wedding Loan from YES BANK offers you quick cash during your time of need, ensuring that all wedding costs are covered.

  • You can incorporate various needs such as jewellery, clothing, decoration, catering to be under such a loan.

3. YES BANK’s personal loan for Home Renovation

  • If your finances have been keeping you from redecorating or refurbishing your household space and making it into your dream home for you and your loved ones, YES BANK’s personal loan for Home Renovation is the ideal solution for you.

  • This personal loan can be taken out to meet the needs of you and your family.

  • When it comes to personal loan for home renovation, YES BANK offers you the best of plans, custom-made to meet the demands of you and your family

How to apply for a personal loan at YES BANK

As mentioned earlier, you can apply for a personal loan online or by visiting a YES BANK branch near you. You need to follow the below-mentioned steps in order to apply for a personal loan:

Step 1: Asses Your Requirement For The Loan

  • The first step for customers is to determine the amount of money they will require and plan out how and when this amount will be repaid.

  • Customers should carefully analyse, given their current income and other foreseeable expenses to choose the amount of EMIs they would have to pay.

Step 2: Find out your eligibility for a personal loan at YES BANK (Direct access to bot)

  • The second and fastest step is to determine your eligibility for the personal loan at YES BANK.

  • Customers can do so by clicking on the link here. They will be asked to fill in details such as:

    • Age

    • Monthly Income

    • Other recurring monthly expenses, including any current EMIs

    • Employer

    • Employment history: years at current job

    • The period spent living at current residence

      • Whether it is rented, owned or mortgaged

Step 3: Get a call from YES BANK and ensure you have all the required documents, including, know your customer (KYC) and proof of income. Customers should ensure they have the following documents:

  • Application Form

  • Identity Proof:

    • Passport

    • Driving License

    • AADHAAR Card

    • Voter ID

  • Address Proof: A valid form of ID proof with the permanent address (should be at least a year old)

  • Income Proof: Bank statement from the last three months

YES BANK staff is available to you at every step of the way to help ensure your loan application process is smooth.

We hope we have helped you understand which is the best personal loan for you. If you’re planning to apply for a personal loan and require additional assistance, visit a YES BANK branch near you or get more information on our website here: www.yesbank.in.

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