Yes Bank Personal Loan for Wedding

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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.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Tying the knot to your special one is a once-in-a-lifetime event. As exciting as weddings can be, gathering sufficient funds for it is a constantly running thought in our minds. With Yes Bank marriage personal loans, wedding planning just got simpler than ever. Be it an opulent or intimate ceremony at a lavish or cosy venue, a wedding loan from Yes Bank ensures that your wedding checklist is duly ticked off.

Borrowers looking for wedding loans can get up to 40 lakhs from Yes Bank for up to 5 years. Keep reading to gain a complete picture of the loan. Find Yes Bank’s wedding loan interest rate, eligibility criteria, document requirements, and more below.

Benefits of Yes Bank Wedding Loan

A wedding loan from Yes Bank comes with the following advantages:

Loan Amounts from 1 lakh to 40 lakhs
Loan Tenures from 1 year to 5 years
No Collateral Requirements
Prepayment Facility
Balance Transfer & Top Up Facilities

Why Choose Yes Bank for Wedding Loans?

Yes Bank has earned a credible reputation over its long years of operations. Banking with Yes Bank offers:

Instant Approvals
Quick Disbursals
Online Loan Applications
Doorstep Banking
Net Banking/ Mobile Banking Facilities

Personal Loan for Wedding Interest Rates & Charges

Take a quick look at the Yes Bank wedding loan interest rate, processing fees and other charges below.

Interest Rate	Starting at 10.99% p.a.
Processing Fee	Up to 2% of the loan amount
Stamp Duty	As prescribed by the law
Other Charges	As prescribed by the bank

Tips for Getting a Yes Bank Wedding Loan

Follow these practical tips to increase your chances of approval:

Maintain High Credit Scores (750 or more)
Borrow amounts which can be easily repaid
Negotiate on the interest rate
Submit updated and authentic documents
Read the loan agreement carefully before signing

Eligibility for Yes Bank Loan for Wedding

Both Salaried and self-employed individuals can apply for the loan at Yes Bank. As per the bank’s terms and conditions, the Yes Bank Wedding Loan eligibility criteria depends on the following factors:

Age Limit
Monthly Income
Work Experience
Credit Score
Other criteria specified by the bank

Documents Required for Wedding Loan Application

The Yes Bank Wedding Loan Document requirements are as follows:

Identity Proof: Aadhar Card/ Voter’s ID/ Driver’s Licence
Address Proof: Utility Bills/ Aadhar Card/ Rental Agreement
Income Proofs: Salary Slips/ IT Returns/ Bank Statements
Employment Proofs: Joining Letter/ Proof of Business Ownership
Passport Size Photographs

What Are the Things to Consider While Taking a Wedding Loan?

There are multiple things to keep in mind while applying for a Yes Bank loan for a wedding. However, affordability is the most important of all. A borrower must always remember to not overborrow and apply for loan amounts which they can easily repay. As a thumb rule, not more than 40% of one’s monthly income should be spent on loan repayments.

Apart from that, interest rates, monthly instalments and additional fees and charges must also be duly checked before going ahead with the loan.

How to Apply for a Wedding Loan

While applying for loans, you need someone who is reliable, trustworthy and well-versed with the market. Urban Money assists its customers at every step of the journey, from form filling to document submission. Reach out to us today and get instant approvals.

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Frequently Asked Questions (FAQs)

How much can I borrow with a wedding loan from Yes Bank?

Yes Bank offers wedding loans ranging from 1 lakh to 40 lakhs for up to 5 years.

How long does it take to get a Yes Bank personal loan for a wedding?

Yes Bank offers quick disbursals on wedding loans. Once the application is approved, the loan amount is sanctioned within hours.

Do I need a bank account to get a personal loan for a wedding?

Yes, a borrower needs to have an account at Yes Bank or any other lender to apply for a wedding loan.

What is the credit score requirement for a Yes Bank personal loan for a wedding?

Typically, a credit score of 750 or higher is considered to be a good credit score by banks.

What are the processing charges for Yes Bank marriage personal loan?

A processing fee of up to 2% of the loan amount is levied on wedding loans by Yes Bank.