Yes Bank Students Personal loan

Are you on the lookout for financial support to advance your education? Whether you're aiming for a short-term course, diploma, or certification to enhance your career, the Yes Bank Student Personal Loan might be exactly what you need. This unique loan offering from Yes Bank, a prominent private sector bank in India, is designed to assist students in covering their educational costs. This opportunity allows you to secure funding up to Rs. 40 lakhs, whether your studies take you within India or overseas, featuring appealing interest rates and versatile repayment terms.

Yes Bank Personal Loan For Student – Highlights

Below is a structured tabular representation of the key features and benefits of the Yes Bank Education Personal Loan for Students:

Compare Student Loan From Other Bank

Here is a table that shows the basic parameters of some of the popular student loans in India:

Yes Bank Personal Loan For Student – Fees And Charges

Apart from the above, there are some other fees and charges that you need to be aware of before applying for the Yes Bank Education Personal Loan for Students. These include:

• Late payment charges: You will be charged 2% per month on the overdue amount if you fail to pay the EMI on time.
  
• Cheque bounce charges: If your cheque or ECS gets bounced due to insufficient funds or any other reason, you will be charged Rs. 750 per instance.
• Loan cancellation charges: Fees associated with cancelling a loan after it is  disbursed, will be Rs. 1,000 plus GST.
  
• Loan rescheduling charges: If you want to change the loan tenure, EMI amount, or repayment mode, you will be charged Rs. 1,000 plus GST.
  
• Statement of account charges: For a physical copy of your loan statement, you will be charged Rs. 100 per request.
  
• Duplicate NOC charges: A duplicate copy of your no objection certificate, will be charged Rs. 500 per request.

Yes Bank Personal Loan For Student – Documents Required

To apply for the Yes Bank Education Personal Loan For Student, you need to submit the following documents along with the duly filled and signed application form:

• Proof of Identity: A government-issued photo ID, such as an Aadhaar card, voter ID, passport, or driver’s licence.
  
• Proof of Address: Current utility bills, a lease agreement, or other documents confirming your address.
  
• Proof of Income: Salary slips, income tax returns, or bank statements demonstrating consistent salary deposits.
  
• Additional Documents: Include a PAN card, an existing credit report, an employment letter/ID, and passport-sized photographs.

Yes Bank Personal Loan For Student – Eligibility Criteria 

To be eligible for the Yes Bank Education Personal Loan For Student, you need to meet the following criteria:

• When applying for a loan, you must be at least 18 years old and no older than 35 years old.
• You must be an Indian citizen or a person of Indian origin (PIO) with a valid passport and visa.
• If the course is approved by the bank, you should have been accepted into an accredited college or institute in India or overseas.
• A minimum monthly income of Rs. 25,000 should come from a self-employed or salaried source.
• With no past defaults or late payments, you should have a strong credit score of at least 650.

Conclusion

Yes Bank Personal Loan for Student is a convenient and affordable way to finance your education and achieve your career goals. You can apply for this loan online or offline and get instant approval and disbursal within 24 hours. You can also enjoy the benefits of online account management, customer care, and flexible repayment options. If you are interested in this loan, you can visit the official website of Yes Bank or contact Urban Money for more details.