Yes Bank Personal Loan of 8 Lakh

Yes Bank offers a tailored solution for individuals looking for financial flexibility through its Yes Bank personal loan for 8 Lakh. This financial product is designed to meet various personal needs, whether for home renovation, wedding expenses, a dream vacation, or consolidating debt. With an instant 8 Lakh loan from Yes Bank, applicants can enjoy a streamlined and hassle-free application process, ensuring quick disbursal to address their immediate financial needs. Yes Bank’s competitive interest rates and flexible repayment options make this personal loan attractive for borrowers looking for a reliable financial partner. This loan is ideal for those who value speed, efficiency, and the financial muscle to achieve their goals.

Personal Loan Options for 8 Lakh in Yes Bank

Yes Bank offers a variety of personal loan options designed to cater to different financial needs and profiles, making an 8 lakh personal loan accessible and manageable. These are the potential options and features you might find when exploring a Yes Bank personal loan for 8 Lahks:

  • Wedding Personal Loan
  • Holiday Personal Loan Scheme
  • Home Renovation Loan Scheme
  • Yes Bank Balance Transfer

Features of Yes Bank 8 Lakh Personal Loan

Here are some of the features you could discover when looking into a Yes Bank personal loan for 8 Lakh:

  • No Collateral Required
  • Flexible Loan Amounts
  • Competitive Interest Rates
  • Varied Repayment Tenure
  • Quick Loan Disbursal
  • Minimal Documentation
  • Online Application Process
  • Customer Support

Can I get an 8 Lakh personal loan instantly from Yes Bank?

Indeed, Yes Bank provides the opportunity to secure a personal loan of 8 Lakh through a fast application process, guaranteeing prompt access to funds for immediate financial requirements. Get instant assistance by applying online. The entire process of disbursing the loan is accelerated, taking less than 48 hours from the time of application to the transfer of funds.

What is the EMI for an 8 Lakh loan?

8 Lakh personal loan EMI with an interest rate of 10.75% and a loan tenure of 12 months would be approximately ₹70,612.

Eligibility Criteria 8 Lakh Personal Loan in Yes Bank

The Yes Bank Personal Loan for 8 Lakh depends on the following criteria:

  • The ideal age of the applicant should be between 21 to 60 years.
  • Applicant must have worked for a minimum of a year is required.
  • The applicant must have worked for their current job for at least six months out of one year.
  • Good credit score.

Documents Required for an 8 Lakh Yes Bank Personal Loan

The necessary documents you need to avail of Yes Bank Personal loan for 8 Lakh include:-

 

  1. Photo ID Proof: (Passport/ PAN Card/ Votеr ID/ Driving licence/ Aadhaar Card)
  2. Address Proof: (Ration Card/ Passport/ Bank Account Statеmеnt/ Aadhaar Card/ Driving license/ Elеctricity Bill/ Tеlеphonе Bill/ Salе Dееd/Propеrty Purchasе Agrееmеnt (for ownеd propеrtiеs)). 
  3. Income Proof: (Bank Statements/ ITR)
  4. Ownership Proof: (Qualification Cеrtificatе/Cеrtificatе of Practicе (COP), Shop Act Licеnsе/MOA & AOA/Salеs Tax/VAT rеgistration/Partnеrship Dееd)

How to Apply for an 8 Lakh Personal Loan from Urban Money

Here is step-by-step guidance to apply for a Yes Bank personal loan for 8 Lakh via Urban Money:

  • Visit the official website i.e. www.urbanmoney.com.
  • Look for the personal loan offered by Yes Bank and select the option to apply.
  • A form will appear on the screen. Please provide your information, such as your name, phone number, and city. Then, confirm your phone number using a one-time password (OTP).
  • After you complete the form, we will receive your request. One of our representatives will contact you shortly to simplify the loan procedure.

Frequently Asked Question (FAQs)

How long does it take for Yes Bank to approve an 8 Lakh personal loan?

The approval time for an 8 lakh personal loan from Yes Bank depends on various factors, including credit history, income level, documentation accuracy, and internal processing times. Typically, Yes Bank has efficient processing and can approve personal loan applications within a few hours to a few days.

What are the interest rates for Yes Bank's 8 Lakh personal loans?

The interest rate for Yes Bank personal loan for 8 Lakhs ranges from 10.75% to 20%.

Can I apply for an 8 Lakh Yes Bank personal loan online?

You can apply for an 8 Lakh Yes Bank personal loan online. 

Are there any hidden charges in Yes Bank personal loan agreements?

Yes Bank is transparent about its fee structure and charges for personal loans. Borrowers should carefully review their loan agreement to understand all potential charges.