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Yes Bank Personal Loan Eligibility

Yes Bank Personal Loan Eligibility Calculator is one of the most beneficial tools which will help you to calculate your personal loan eligibility in Yes Bank. Yes Bank Personal Loan Eligibility Calculator will calculate your personal loan eligibility in a second. So before you go for Yes Bank Personal Loan apply online you can check your Yes Bank Personal Loan Eligibility online. To use Yes Bank Personal Loan Eligibility Calculator you have to put some key details like your current income, savings, where you work, and if there is any kind of EMI is going on.

How to calculate Yes Bank Personal Loan Eligibility?

Yes Bank Personal Loan Eligibility Calculator uses two methods to calculate the Yes Bank Personal Loan Eligibility. They always try to give the maximum amount as per that person’s eligibility. So the methods of Yes Bank Personal Loan Eligibility Calculator is- Multiplier Method, and FOIR. There is also another method FOIR which depends on the monthly installment expected to be paid as compared to the NET income of that person.

  • Multiplier Method

    Yes Bank Personal Loan Eligibility Calculator also follows the multiplier method is one of the easiest method. The formula for Yes Bank Personal Loan Eligibility Calculator is-

    Yes Bank Personal Loan Eligibility = (Your net salary) * (a number from 9 to 18). Your Yes Bank Personal Loan Eligibility Calculator also depends on the company you are currently working, basically its stability, growth, and turnover also helps to make your Yes Bank Personal Loan Eligibility is higher.

  • FOIR

    If you are someone who pays monthly fixed payments like personal loan EMI, Credit Card bill or any kind of EMI. The formula for calculating FOIR is FOIR= (Sum of existing obligations/ Net Take Home Monthly Salary)*100

    The ratio of your net take-home monthly salary and your fixed obligations is FOIR. The maximum FOIR which the financial institutions consider is up to 75%, and that too when the take-home monthly salary is high. The FOIR is calculated in a way that, if your current loan application is approved, your FOIR should not go beyond 75%. In the case of normal earning range, the FOIR should not go beyond 50-60% of the take-home salary.

Factors that affects Yes Bank Personal Loan Eligibility Calculator

Yes Bank Personal Loan is an unsecured loan, so you don’t have to mortgage anything, so if you fail to pay your Yes Bank Personal Loan amount the lender can’t ask for you anything. So the yes bank personal loan eligibility is high compared to a home loan or car loan. Your yes bank personal loan eligibility based on your inputs it will change if your inputs are wrong. Here are the factors which affect yes bank personal loan eligibility calculator.

  • Applicant’s Age

    The applicant’s age is also important on yes bank personal loan eligibility. To avail a Yes Bank Personal Loan you need to be in the age group from 21 to 65 years old. The younger you are there is more chance that your yes bank personal loan eligibility is high and you will get a loan in the lowest interest rate. You will even avail offers as you are younger.

  • CIBIL Score

    Your CIBIL Score matters a lot on your Yes Bank personal loan eligibility. If you have high CIBIL Score that means your Yes Bank Personal Loan Eligibility is high and if you have low CIBIL Score your Yes Bank Personal Loan Eligibility is low. Your CIBIL Score depends on how you pay your personal loan. To make your CIBIL Score high you need to repay your personal loan on time.

  • Employment

    Which company you are working and in which post and how much is your current income that matters a lot as if you are in top notch company with a high salary and high position which means you will have a bright career and your Yes Bank Personal Loan Eligibility is high. And if you are running a business you should stick with it at least for five years so your Yes Bank Personal Loan Eligibility will be high. Also, if you are salaried and your employer belongs from CAT A company your Yes Bank Personal Loan Eligibility will be high.

  • Debt

    If you have existing debts which means if you are currently paying any kind of EMI for Credit card, home loan or personal loan your Yes Bank Personal Loan Eligibility will be lower but if you don’t have any kind of debts your yes bank personal loan eligibility will be high.

  • Geographical Location

    Geographical locations matter a lot on your Yes Bank Personal Loan Eligibility as if you are from the metro city you have higher Yes Bank Personal Loan Eligibility than someone from rural areas. Yes Bank has red marked on some places so if you are from one of those places your Yes Bank Personal Loan Eligibility can be lower.

  • Housing Situation

    If you have your own house there are maximum chances that your Yes Bank Personal Loan Eligibility is high and your personal loan will be approved but if you are living in a rental house your Yes Bank Personal Loan Eligibility is low as your monthly income gets lower for that.

Yes Bank Personal Loan Eligibility Criteria

Yes Bank Personal Loan Eligibility Criteria Salaried
Profession Working in government or private sector or MNCs.
Working Experience 2 year at the same firm he/she is working.
Age 23-60
Minimum Income Rs.25,000/month
House In the case of rent he/she has to stay there minimum 1 year.
Yes Bank Personal Loan Eligibility Criteria Self- Employed Professionals
Age 25-65
Business Tenure At least 4 years
Minimum Income 4.8lakh/ year
Yes Bank Personal Loan Eligibility Criteria Self- Employed
Age 25-65
Business Tenure At least 5 years
Minimum Income 4.8lakh/ year


*Interest rate and Loan approval are subjected to band discretion and approval.

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Frequently Asked Questions

The minimum age is 21 years for Yes Bank Personal Loan Eligibility, The minimum income should be at least 25,000.
The maximum amount for yes bank personal loan is 20 lakh.
The minimum CIBIL Score as per Yes Bank Personal Loan Eligibility is 650.
The applicant should have at least six months of working experience in a single company as per Yes Bank Personal Loan Eligibility criteria.
No Yes Bank does not need any guarantor for their personal loan.