Yes Bank Personal Loan of 3 Lakh

Do you need some extra money to fulfil your personal goals or deal with unexpected expenses? If yes, then you might be interested in getting a personal loan from Yes Bank. Yes Bank is one of the leading private sector banks in India that offers personal loans of up to 40 lakh rupees at competitive interest rates and flexible repayment options. A 3 lakh personal loan from Yes Bank can be a great option for you if you need some extra money to meet your personal needs or emergencies. You can get a loan amount of 3 lakh rupees or more, depending on your eligibility and income, at a low interest rate starting at 10.99% per annum and a flexible repayment tenure of 12 to 72 months. You can also enjoy the benefits of online and offline applications, instant approval and disbursal, minimal documentation, and prepayment and foreclosure options. 

To apply for a 3 lakh personal loan from Yes Bank, you need to meet the eligibility criteria of age, income, occupation, and credit score and submit the documents of identity proof, address proof, and income proof. You can apply for the loan online through the Yes Bank website or mobile app, or offline by visiting any of the Yes Bank branches or contacting their customer care. 

So, what are you waiting for? Apply for a 3 lakh personal loan from Yes Bank today and fulfil your personal goals or emergencies.

Personal Loan Options for 3 Lakh in Yes Bank

Yes Bank offers two types of personal loans for 3 lakh rupees: online personal loans and offline personal loans. You can choose the one that suits your convenience and preferences.

• Online personal loan: You can apply for an online personal loan from Yes Bank through their website or mobile app. You can check your eligibility in 60 seconds or less by using the personal loan eligibility calculator. You can also use the personal loan EMI calculator to determine your monthly instalment amount. Once you submit your application and documents online, you will get an instant approval and disbursal of funds within a few hours.

• Offline personal loan: By going to one of Yes Bank’s branches or getting in touch with customer service, you can also apply for an offline personal loan. You will need to fill out a physical application form and submit the required documents. You will get a confirmation call from the bank and a verification visit from a representative. Once your loan is approved, you will get the funds in your bank account within a few days.

Features of Yes Bank 3 Lakh Personal Loan

A 3 lakh personal loan from Yes Bank comes with the following features:

• Loan amount: You can get a loan amount of 3 lakh rupees or more, depending on your eligibility and income. Yes Bank offers loans up to a maximum of 40 lakh rupees.
  
• Interest rate: You can enjoy a low interest rate starting at 10.99% per annum, which is one of the best in the industry. The interest rate may vary depending on your credit score, loan amount, tenure, and other factors.
• Repayment tenure: You can choose a repayment tenure of 12 to 72 months, according to your comfort and budget. A longer tenure will reduce your EMI amount but increase your interest cost. A shorter tenure will increase your EMI amount but reduce your interest cost.
  
• Processing fee: You will have to pay a processing fee of up to 2% on the loan amount, which will be deducted from the disbursed amount. You may also have to pay stamp duty and other statutory charges as per the applicable laws of the state.
  
• Prepayment and foreclosure: You can prepay or foreclose your loan after paying a certain number of EMIs, subject to a prepayment or foreclosure charge of up to 4% on the outstanding principal amount.
  

Benefits of Yes Bank 3 Lakh Personal Loan

A 3 lakh personal loan from Yes Bank can help you with various personal needs and emergencies, such as:

• You can use the loan amount to fund your wedding expenses, such as venue, catering, decoration, photography, etc.
  
• You can use the loan amount to plan your dream vacation, whether it is domestic or international, and cover your travel expenses, such as flight tickets, hotel bookings, sightseeing, etc.
  
• You can use the loan amount to pursue your higher education, whether it is in India or abroad, and pay for your tuition fees, living expenses, books, etc.
  
• You can use the loan amount to deal with any medical emergency, such as hospitalisation, surgery, treatment, etc.
  
• You can use the loan amount to renovate or refurbish your home, such as painting, furniture, flooring, etc.
  
• You can use the loan amount to consolidate your existing debts, such as credit card bills, other loans, etc., and pay them off with a single EMI.

Eligibility Criteria for 3 Lakh Loan in Yes Bank

To be eligible for a 3 lakh personal loan from Yes Bank, you need to meet the following criteria:

• You should be at least 21 years old and not more than 60 years old at the time of loan maturity.
• You should have a stable monthly income of at least 25,000 rupees. Your income may vary depending on your occupation, location, and loan amount.
• You should be a salaried or self-employed person with a regular source of income. You should have a minimum work experience of 2 years and a minimum of 1 year of association with your current employer or business.
• You should have a good credit score of at least 700, which reflects your credit history and repayment behaviour. 

Documents Required for 3 Lakh Yes Bank Loan

To apply for a 3 lakh personal loan from Yes Bank, you need to submit the following documents:

• Identity proof: You can submit any of the following documents as your identity proof: PAN card, Aadhaar card, passport, voter ID card, driving licence, etc.

• Address proof: You can submit any of the following documents as your address proof: Aadhaar card, passport, voter ID card, driving licence, utility bills, rent agreement, etc.

• Income proof: You can submit any of the following documents as your income proof: salary slips, bank statements, income tax returns, Form 16, etc. If you are a self-employed person, you may also have to submit your business proof, such as GST registration, business licence, etc.

How to Apply for a 3 Lakh Personal Loan from Yes Bank

You can apply for a 3 lakh personal loan from Yes Bank in a few simple steps:

• Online: You can visit the Yes Bank website or mobile app and fill out the online application form with your personal, professional, and financial details. You can also use the personal loan eligibility calculator to check your eligibility and loan amount. You can also use the personal loan EMI calculator to calculate your monthly installment amount. You can then upload the required documents online and submit your application. You will get an instant approval and disbursal of funds within a few hours.
• Offline: You can visit any of the Yes Bank branches or contact their customer care and fill up the physical application form with your personal, professional, and financial details. You can also check your eligibility and loan amount with the help of a bank representative. You can then submit the required documents along with the application form. You will get a confirmation call from the bank and a verification visit from a representative. Once your loan is approved, you will get the funds in your bank account within a few days.

How To Apply For A 3 Lakh Personal Loan From Urban Money? 

To obtain a personal loan of 3 lakh from Urban Money, start by verifying your eligibility on their website. Ensure you have all the required documentation ready. Then, proceed to accurately complete the application form available online and submit it through their platform. Once submitted, patiently wait for the loan approval process to conclude, after which you’ll promptly gain access to the funds. This streamlined approach ensures a hassle-free experience in securing your financial needs.