Personal loans are unsecured loans, made available to fulfil your personal and financial needs. We at YES BANK offer you quick and easy personal loans, which require no guarantors, no collateral, and a simple application process. All that you are required to do is establish your eligibility and produce the relevant documents to avail the loan.
After ascertaining the credit score and assessing the eligibility, we advise our customers to organise their paperwork beforehand to ensure that they receive their easy personal loans at the earliest.
When you apply for a personal loan with YES BANK, you are required to submit the signed application form, along with your latest passport-sized photograph, and a cheque to cover the processing fee. Additionally, the application process for personal loan application requires you to establish your age, credibility, and financial stability.
While most of the documents required remain the same, some requirements vary according to the nature of a person’s work.
The basic documents to be provided by everyone include:
Identity proof (passport, driving license, Aadhar card, voter ID)
Address proof –Valid form of ID proof with permanent address which is at least a year old.
Income Proof – Your bank statement from the last 3 months or the bank passbook of 6 months prior to the application
Other than these documents, you are required to submit paperwork based on whether you are a salaried employee, or a self-employed individual.
A salaried employee must provide the following:
Current dated salary certificate with the latest Form 16
Latest salary slip
Proof of Education
A self-employed person, on the other hand, must provide:
Latest ITR or Form 16
Latest bank statements
It must be kept in mind that the information furnished to YES BANK may be verified at any point in time by our authorised employees before the loan is sanctioned.