Yes Bank Housewife Personal loan

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Chase your dreams and shatter expectations with financial support tailored just for you. Yes Bank Housewife Personal Loan might just be the financial support you need. This loan is designed to enable housewives like you to easily accomplish your personal or family goals. Yes Bank, a respectable brand in India's private banking industry, offers it. With the opportunity to secure up to Rs. 40 lakhs, the loan features competitive interest rates and versatile repayment plans, making it easier to invest in your education, undertake home renovations, manage healthcare expenses, or fund any other personal project. This initiative highlights Yes Bank's commitment to supporting the aspirations of housewives, ensuring they have the financial resources to bring their dreams to life.

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Table of Content

1. Yes Bank Personal Loan for Housewife Highlights

2. Compare Housewife Personal Loan from Other Banks

3. Yes Bank Personal Loan for Housewife Fees and Charges

4. Yes Bank Lakh Personal Loan for Housewife Documents Required

5. Yes Bank Personal Loan for Housewife Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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 Personal Loan for Housewife – Highlights

Following the Main Attributes and Advantages of Yes Bank’s Exclusive Personal Loan for Housewives:

Feature	Details
Loan Amount	Up to Rs. 40 lakhs, based on eligibility and purpose
Interest Rate	From 10.99% p.a., varies with credit score, income, etc.
Tenure	Up to 5 years, with a moratorium period of up to 1 year for course completion/start of business
Processing Fee	2.50% max of the loan amount, min Rs. 999 to max Rs. 20,000
Prepayment Charges	After 12 EMIs, 2% on outstanding principal + GST
Collateral	Not required (unsecured loan)
Co-applicant	Optional; husband, father, brother, or another relative as guarantor

Compare Housewife Personal Loan from Other Banks

How does the Yes Bank Lakh Personal Loan for Housewife compare with other personal loans offered by different banks? Here is a table that shows the basic parameters of some of the popular personal loans in India:

Bank	Loan Amount	Interest Rate	Tenure	Processing Fee	Prepayment Charges
Yes Bank	Up to Rs. 40 lakhs	From 10.99% p.a.	Up to 5 years	Up to 2.50% of loan amount	2% on principal outstanding + GST
HDFC Bank	Up to Rs. 40 lakhs	From 10.75% p.a.	Up to 5 years	Up to 2.50% of loan amount	2% to 4% on principal outstanding + GST
ICICI Bank	Up to Rs. 25 lakhs	From 11.25% p.a.	Up to 5 years	Up to 2.25% of loan amount	5% on principal outstanding + GST
SBI	Up to Rs. 15 lakhs	From 9.60% p.a.	Up to 5 years	1% of loan amount	3% on principal outstanding + GST

Yes Bank Personal Loan for Housewife – Fees and Charges

Some other fees and charges that you need to be aware of before applying for the Yes Bank Lakh Personal Loan for Housewife. These include:

Late Payment: 2% monthly charge on overdue EMIs.
Cheque Bounce: Rs. 750 per occurrence.
Loan Cancellation: Rs. 1,000 plus GST post-disbursement.
Loan Rescheduling: Rs. 1,000 plus GST for changes in tenure, EMI, or repayment mode.
Account Statement: Rs. 100 for each physical copy.
Duplicate NOC: Rs. 500 for each duplicate certificate.

Yes Bank Lakh Personal Loan for Housewife – Documents Required

For the Yes Bank Personal Loan for Housewives application, submit these documents:

Identity Proof: Aadhaar, PAN, passport, voter ID, driving licence.
Address Proof: Aadhaar, passport, voter ID, driving licence, utility bills, rent agreement.
Income Proof (co-applicant): Bank statements, income tax returns.
Purpose Proof: Admission letter, fee receipt, course details, business plan, quotation.
Co-applicant Proof: Identity, address, income documents, and relationship proof.

Yes Bank Personal Loan for Housewife – Eligibility Criteria

Eligibility for Yes Bank’s Personal Loan for Housewives includes:

Age: 18 to 60 years at application.
Citizenship: Indian citizen or PIO with valid passport and visa.
Purpose: Valid reason like education, home improvement, medicine, or business.
Income: Co-applicant with minimum monthly income of Rs. 25,000.
Credit Score: At least 650, no past defaults or delinquencies.