Yes Bank Personal loan for Doctors

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Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Yes Bank presents an exclusive Personal Loan crafted for medical professionals! We’ve got you covered if you’re a doctor looking for financial support. This loan caters to a range of needs, for both salaried and self-employed individuals. With Yes Bank, you can get anything you want!

Yes Bank Personal Loan for Doctors- Highlights

Below states are the key highlights of Yes Bank Personal Loan For Doctors:

Features	Description
Who Are Eligible?	Government or Private Sector Certified Doctor
Maximum Loan Amount	₹1,00,000 – ₹50,00,000
Loan Tenure	12 to 60 months
Margin	As per bank requirements
Upfront Fee	2% of the loan amount + applicable GST
Collateral/Security	Unsecured Personal Loan

Comparison of Yes Bank Personal Loan for Doctors With Other Lenders

The following comparison between Yes Bank Personal loans for Doctors with other lenders can help ease your process.

Bank/NBFCs	Interest Rate
State Bank of India	11.15% – 15.30%
Axis Bank	10.49% onwards
ICICI Bank	10.65% onwards
Bajaj Finance Personal Loan for Doctors	11.00% onwards
IndusInd Bank Medical Loan	10.49% onwards
SMFG India Credit (Formerly known as Fullerton India) Personal Loan for Doctors	11.99% onwards
IDFC First Bank (Professional loan for Doctors, CAs, CS, Architects, etc.)	10.75% onwards
BOI Star Personal Loan – Doctor Plus	12.25%
PNB Doctor’s Delight	10.40% – 11.40%
HDFC Bank	10.50% onwards
Tata Capital	10.99% onwards
Kotak Mahindra Bank	10.99% onwards

Remember, you can always use Urban Money’s Yes Bank Personal Loan for Doctors calculator to assess your monthly EMI.

Yes Bank Personal Loan for Doctors – Fees and Charges

Apart from the 10.75% Yes Bank Personal loan for Doctors interest rate, borrowers are also required to pay:

Foreclosure charges: 2% to 4% of the outstanding principal amount after 12th EMI.
Part prepayment charges: 2% of the amount paid towards part payment + applicable taxes (part payment allowed only after the repayment of first 12 EMIs)
Loan cancellation charges: Rs.1,000 + applicable taxes
Late payment charges: 24% p.a. on the outstanding amount from the default date.
Stamp duty: As per the laws applicable in the state
Cheque bounce charges: Rs.750 for each transaction

Yes Bank Personal Loan for Doctors – Documents Required

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

Proof of Identity and Address: Aadhaar, PAN, Passport, Driving License, Voter ID
Proof of Employment: Salary slips, Practitioner License, Form-16
Bank Statements: Last 6 months
Passport-size Photographs

Yes Bank Personal Loan for Doctors – Eligibility Criteria

The Yes Bank Personal loan for Doctors depends on the following criteria:

Min-Max Age: 21 yrs to 60 yrs
Nationality: Indian
Occupation: Government or Private Sector Certified Doctor
Employment Status: Salaried/Self-employed
Minimum Salary: As per bank requirements
ITR: documents are mandatory for the previous year.
Minimum Relationship with the Bank: At least 6 months.
Active Bank Account: Regular transactions are required.