Yes Bank Small Personal Loan

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Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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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 loans are among the most popular loan products in Indian banking markets. The bank has come up with yet another type of personal loan, which is even more flexible, functional and practical. These are the Yes Bank small loans.

Small loans by Yes Bank are exclusively designed to cater to any immediate monetary needs arising out of unforeseen circumstances. These can be understood as financial quick fixes, loans that offer smaller amounts for shorter periods of time than regular loans so that an urgent requirement might be fulfilled without any delay. Yes Bank offers small loans at customer friendly terms with flexible repayment options. Take an in-depth look into the loans here.

Features of Yes Bank Small Personal Loans

Here are the top offerings of Yes Bank small credit loans:

High Loan Amounts: Yes Bank offers small loans up to Rs. 40 lakhs to eligible borrowers.
Flexible Loan Tenure: Small loans from Yes Bank can be borrowed for a period of 1-6 years.
Unsecured Loans: Small loans don’t require collateral submission. These are simply issued against a borrower’s financial credibility.
Multi-Purpose Loans: Small personal loans can be used for various purposes, such as medical emergencies, debt consolidation, etc., without any restrictions.

Interest Rates of Yes Bank Small Personal Loans

Yes Bank small credit loan starts at an interest rate of 10.99% p.a. Loans are offered at different interest rates to different borrowers, depending upon their credit profile. The better their credit scores, the lower will be the interest rate.

Yes Bank Small Personal Loans Eligibility

Yes Bank offers small loans to salaried and self-employed borrowers. The following factors play a crucial role in determining an applicant’s loan eligibility:

Age

Work Experience

Monthly/ Annual Income

Credit Score

Other criteria specified by the bank

Yes Bank Small Personal Loan Document

Borrowers must produce the following documents while applying for the loan:

Duly filled loan application with passport-size photographs

KYC Documents: ID Proof (Aadhar Card, Driver’s License) and Address Proof (Utility Bills, Aadhar Card)

Income Proof: Salary Slips/ IT Returns/ Bank Statements/ Balance Sheet and P&L Account

Employment Proof: Employment Letter/ Documents showcasing business ownership

Why Choose Yes Bank Small Personal Loans?

Yes Bank’s smooth experience offers several advantages to the borrowers:

Digital Applications

1-minute in-principal approval

Doorstep Banking Services

Balance Transfer Facility

Part Prepayment Facility

Quick Loan Disbursals

How to Apply For Yes Bank Small Personal Loans Online

Urban Money is your best partner when applying for a Yes Bank small instant loan. Our experts offer end-to-end assistance to borrowers in submitting their loan applications. From filling out the form to submitting the documents, we’ve got you covered. Simply visit www.urbanmoney.com or call us at 1800 208 3344.

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Bank Wise Home Loan Eligibility Calculator

Frequently Asked Question (FAQs)

How to get a small loan from Yes Bank urgently?

To get a small loan from the bank on an urgent basis, simply visit www.urbanmoney.com or call us at 1800 208 3344.

How can I use a small personal loan to consolidate debt?

Debt consolidation can be comfortably done using small loans. Simply ascertain your total debt and apply for a sufficient loan amount after ensuring proper eligibility.

What can I do using small loans?

You can use your small loan for multiple purposes, such as medical expenses, new purchases, debt consolidation etc., without any restrictions from the bank.

What are the risks of borrowing a Yes Bank small personal loan?

Not much risk is involved for the borrower as these are unsecured loans. However, these loans are generally available at higher interest rates than other types of loans.