Yes Bank Personal Loan of 5 Lakh

A YES Bank personal loan of 5 Lakh is a handy credit option. You can ideally secure the necessary funds within five days from the date of your application. You are also not required to pledge any of your assets as collateral, making it a more borrower-friendly credit option. Additionally, the bank offers an easy-to-meet eligibility criterion, minimal documentation, competitive interest rates, and flexible repayment options, which further enrich the overall appeal of this instant 5 Lakh loan with YES Bank. For a deeper insight into this attractive personal finance, continue scrolling down. Hereunder, we provide details on expected EMIs, associated fees, eligibility criteria, required documents, and more. 

Personal Loan Options for 5 Lakh in YES Bank

The following are some of the popular options or purposes that you can apply for a YES Bank personal loan 5 Lakh: 

• Medical Emergencies
• Home Renovation
• Wedding Expenses
• Debt Consolidation
• Higher Education
• Business Expansion

Features of Bank 5 Lakh Personal Loan

Below are the expected features of a 5 Lakh personal loan instant fund disbursement: 

• Multi-purpose financial solutions 
• No collateral required 
• Flexible repayment options 
• Available loan transfer facility 
• Online application process 
• Quick fund disbursement 

Can I Get a 5 Lakh Personal Loan Instantly From YES Bank?

You can quickly get approved for this instant 5 Lakh loan from YES Bank via the Urban Money website. You can compare multiple credit options available, check your eligibility, and apply for the one that suits you best. Our personal loan specialist will contact you regarding your chosen lender within a day or two. They will assist you with any queries until the funds are made available. 

What Is the EMI for a 5 Lakh Loan?

The expected 5 Lakh personal loan EMI, varying loan tenure from 1 year to 5 years, are as follows:   

Eligibility Criteria 5 Lakh Loan in YES Bank

₹5 Lakh personal loan eligibility in YES Bank are as follows: 

• You must be aged somewhere between 21 and 60 years old. 
• You must have a regular source of monthly income sufficient to cover the loan EMIs. 
• You must have a good credit score and a positive repayment history. 
• You must have resided at your current residential address for at least one year. 
• You must be an Indian citizen.

Documents Required 5 Lakh YES Bank Loan

₹5 Lakh personal loan documents in YES Bank are as follows: 

• A government-issued photo identification card, such as an Aadhaar card, passport, or driver’s licence. 
• A document verifying your current address, like recent utility bills, rental agreements, or similar paperwork. 
• A proof of income to demonstrate financial stability, which includes salary slips, income tax returns, or bank statements. 
• A job offer letter or business ownership documents to verify employment/proprietorship.
• A credit history report detailing credit scores and past loan repayments.

How to Apply for a 5 Lakh Personal Loan From Urban Money.

You can easily apply for a YES Bank personal loan of 5 Lakh as you follow the simple steps given below:  

• Go to the Urban Money official website.
• Tap “Loan” and select the “Personal Loan” option.
• You will be directed to a new page titled “Personal Loan.”
• An array of leading banks across India will appear as you scroll down. 
• Locate “YES Bank” and click the “Enquire Now” button.
• A brief online form will appear on your display.
• Enter your name, mobile number, and city.
• You will receive a 6-digit OTP on your mobile.
• Enter the OTP and click on the “Submit” button.
• A loan expert from our team will contact you within a day and guide you until the fund disbursement.