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Yes Bank Personal Loan of 6 Lakh
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YES Bank personal loan of 6 Lakh is a collateral-free credit option. I.e., you can obtain the loan amount without having to pledge any of your assets as collateral or security. Once you submit your loan application along with pertinent documents, the bank ensures eligible applicants get the funds within five business days. Whether unexpected medical expenses, long-awaited home renovation, much-needed debt consolidation, or even purchasing a gadget, this instant 6 Lakh loan with YES Bank might be ideal. The bank will sanction your application for nearly any personal or professional needs. The online application further empowers you to apply and receive the necessary funds without visiting the bank.
Personal Loan Options for 6 Lakh in YES Bank
Let’s examine some of the popular options or purposes that you can apply for a YES Bank personal loan 6 Lakh:
- You can use the loan to cover unexpected or much-needed medical expenses, including hospital bills, surgeries, or the purchase of high-cost medications.
- You can use the loan to consolidate multiple high-interest debts into a single loan with a lower interest rate.
- You can use the loan to fund your dream wedding or help a family member with their wedding costs.
- You can use the loan to give your home a makeover or repair any damages.
- You can use the loan to cover travel/holiday expenses.
- You can use the loan to pursue higher education or enrol in a professional course.
- You can use the loan to start or expand your business, such as to purchase equipment, inventory, raw materials, or hire staff.
Features of The YES Bank 6 Lakh Personal Loan
Following are the applicable features of a 6 Lakh personal loan with instant approval:
- The interest rate starts at just 10.99% per annum.
- The loan tenure can extend up to 60 months.
- The application procedure is online, easy, and quick.
- The bank offers doorstep services for the documentation process.
- The borrowers can expect customised loan tenure and repayment options.
- The fund will be disbursed without submitting any collateral.
Can I Get a 6 Lakh Personal Loan Instantly From YES Bank?
You can easily get an instant 6 Lakh loan from YES Bank by applying through the official website of Urban Money. This handy online platform allows you to compare various credit options, verify your eligibility, and apply for the most cost-effective option. Following your application, a personal loan expert from our team will contact you within a day to discuss your chosen lender. They will also assist with any queries and guide you through the loan process until the funds are credited into your bank account.
What Is the EMI for a 6 Lakh Loan?
The expected 6 Lakh personal loan EMI, varying loan tenure from 1 year to 5 years, are as follows:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Interest Payable | Total Amount Payable |
₹6 Lakh | 10.99% p.a. | One year | ₹53,026 | ₹36,312 | ₹6,36,312 |
₹6 Lakh | 10.99% p.a. | Two years | ₹27,962 | ₹71,088 | ₹6,71,088 |
₹6 Lakh | 10.99% p.a. | Three years | ₹19,640 | ₹1,07,040 | ₹7,07,040 |
₹6 Lakh | 10.99% p.a. | Four years | ₹15,504 | ₹1,44,192 | ₹7,44,192 |
₹6 Lakh | 10.99% p.a. | Five years | ₹13,042 | ₹1,82,520 | ₹7,82,520 |
Eligibility Criteria 6 Lakh Loan in YES Bank
₹5 Lakh personal loan eligibility in YES Bank are as follows:
Age Limit | 21 to 60 years |
Employment Status | Salaried/Self-employed |
Credit Score | 700 or above |
Current Residency | Minimum of 1 year continuity |
Income requirement | As per bank discretion |
Nationality | Indian |
Documents Required 6 Lakh YES Bank Loan
₹6 Lakh personal loan documents in YES Bank are as follows:
Proof of Identity | Aadhaar card, PAN card, passport, driver’s license, etc. |
Proof of Residence | Rental agreement, ration card, electricity bill, Wi-fi bills, water bills, etc. |
Proof of Income | Salary slips, income tax returns, bank statements, etc. |
Proof of Employment | Appointment letter, employment ID, or business proof. |
Additional Documents | Credit report, passport-sized photographs |
How to Apply for a 6 Lakh Personal Loan From Urban Money.
The application process for a YES Bank personal loan of 6 Lakh is outlined below:
- Visit the official Urban Money website.
- Click on “Loan” and select the “Personal Loan” option.
- You will be redirected to a page titled “Personal Loan,” showcasing an array of leading banks in India.
- Click the “Enquire Now” button adjacent to the “YES Bank” logo.
- A brief digital form will appear on your screen where you must fill in your name, mobile number, and city.
- A 6-digit OTP will be sent to your mobile phone; enter this OTP and click the “Submit” button.
- A loan specialist from our team will contact you within a day to assist you through the process until the funds are deposited into your bank account.
Frequently Asked Question (FAQs)
How long does it take for YES Bank to approve a 6 Lakh personal loan?
What are the interest rate ranges for YES Bank's 6 Lakh personal loans?
Can I apply for a 6 Lakh YES Bank personal loan online?
Are there any hidden charges in YES Bank's personal loan agreements?
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