YES Bank Personal Loan Eligibility


YES Bank Personal Loan eligibility criteria depends on various important factors which includes Current Age of the borrower, net monthly income of the borrower, current as well as total work experience, residential stability of the borrower and his/her current employer.

YES Bank Personal Loan Eligibility Criteria
Age 21 Years to 60 Years
Income Minimum Rs. 18,000 to Rs. 25,000
Experience at Current Organization Minimum 6 Months to 1 Year
Total Work Experience Minimum 3 Years
Residential Stability Minimum 1 Year at Current Place
Credit Score 700 or Above

We have briefly discussed each of these parameters below along with minimum and maximum limits levied by the YES Bank.


If you are looking to avail personal loan from YES Bank, then the first criteria that you have to meet is age. Currently the age parameters set by YES Bank are, 22 Years at the time of submitting the loan application and Maximum 60 Years at the time of loan maturity i.e. the time till when the entire personal loan amount must be paid back to the bank including applicable interest rate on your yes bank personal loan as well as any remaining charges. However, the minimum age criteria is set to be at least 25 Years where the borrower is a salaried employee of a small business or organization.

Depending on the difference between your current age and the time you’ll be 60 Years old, the bank will decide what can be the maximum loan tenure for you out of the maximum tenure limit of 60 months. For an example, if you are 57 years and 4 months old at the time of loan application, then the maximum loan tenure that can be offered to you would be equal to 32 Months.

If you are the age of 52 years at the time of loan application, then the maximum loan tenure can be offered to you is the maximum loan tenure offered by the bank in any case that is 60 Months (5 Years).

The age criteria for YES bank’s dedicated schemes for Private/Government Teachers and Government employees slightly differs than the above mentioned conditions. A government employee eligible under YES Sarkar personal loan must be at least 21 years at the time of loan application with maximum age of 60 years at the time of loan maturity. Whereas, a Teacher eligible under YES Guru personal loan must be between the age bracket of 22 years at the time of loan application and maximum 58 years at the time of loan maturity.

Net Income

The second most important parameter is the current net income of the borrower which must meet the minimum income eligibility set by the bank in order to even get your case considered at the bank’s end. One has to be earning a net monthly income of Rs. 25,000 at least to be eligible for YES Bank Personal Loan if living in a Tier I city (Mumbai, Delhi, Pune, Bangalore, Chennai, Kolkata, Hyderabad) and a minimum of Rs. 18,000 if living in a Tier II city (any other location than Tier I city).

However, if the borrower works in a BPO / KPO / Call Centre, then he/she must have a minimum net monthly income of Rs. 50,000 regardless of living in Tier I or II city. Similarly, if the borrower is a bachelor, then he/she must be earning a net monthly income of Rs. 50,000 regardless of their current residential location.

Although, if you are an employee of YES Bank then you only needs to be earning a net monthly income of Rs. 18,000 only. It is important to notice that one must be receiving his/her monthly salary directly in salary bank account in order to be eligible for the yes bank personal loan. A borrower withdrawing salary by Cheque or Cash is not eligible.

It includes basic salary along with incentives if any as well as any other source of income. It has a direct impact on the maximum loan amount that you can borrow as decided by the bank using the FOIR calculation.

All the ongoing monthly expenses will be subtracted from your Gross Monthly Income to find your Net Monthly Income such as rent if living in a rented house, expenses for daily commute to the workplace and back be it using own vehicle or public transport, entertainment expenses, and any existing financial liability.

Apart from the above conditions, if the borrower is applying under either YES Guru loan or YES Sarkar loan scheme, then he/she must be earning a minimum net monthly income of at least Rs. 30,000.

Work Experience & Current Employer

The Work Experience in another important factor that helps determining your personal loan eligibility. It is divided into two parts, Current Work Experience and Total Work Experience.

In case of the Current Work Experience, the borrower must have at least 6 months of current work experience. It means the borrower must be working with the current employer for a minimum of 6 months to 1 year at least.

As for the total work experience, YES Bank have set the parameter to at least 3 Years of minimum experience. It means the borrower must be working in the current line of profession for at least the past 3 years.

Apart from work experience, YES Bank also check who is your current employer. If your current employer is in the list of approved employers provided by the bank from time to time, then you are most likely to get approved for a personal loan. For example, salaried persons working in either MNCs, Government Departments or PSU Bodies are most likely to be approved easily as compared to someone working at a small company.

Residential Stability

Residential Stability is what helps bank understand how likely a borrower is reliable when it comes to loan repayment, and helps determining a stable lifestyle of the borrower. Any borrower must be living at their current residence for past 1 year at least and for at least 2 Years in the same city.

Apart from it, it matters if the borrower is residing at a self owned house or currently renting the place. If the borrower lives at a self-owned house, it represents that the borrower has been holding some assets in his/her name and most likely to meet his/her financial liability as compared to a borrower who stays at a rented place. More to that, the money he/she could have been paying towards house rent now improves his/her total net income which adds upto his/her personal loan eligibility.

It is necessary to provide a document for residence telephone proof for validation purposes. Moreover, if you have applied for a loan amount of above Rs. 5 Lacs then YES Bank would validate the address through post whereas if you have applied for a loan amount of above Rs. 10 Lacs, then a physical validation will be done by the bank’s representative.

Loan Amount

The eligible loan amount for any borrower is calculated based on some of the above mentioned parameters including Net Monthly Income, FOIR, and maximum tenure as per the current age.

Currently, yes bank can offer personal loans of minimum Rs. 1 Lac to maximum Rs. 25 Lacs. And, maximum of Rs. 30 Lacs if you are a YES Bank employee. Whereas, if the borrower is a bachelor, then the maximum loan amount he/she can avail is limited to Rs. 10 Lacs.


A borrower is allowed to add a co-applicant in order to improve his/her eligibility for YES Bank Personal Loan. However, adding a co-applicant is mandatory in case of Loan Amount of above Rs. 10 Lacs.

Marital Status

If the borrower is bachelor than he/she is only eligible if living in a Tier I city that is Mumbai, Delhi NCR, Pune, Bangalore, Chennai, Hyderabad and Kolkata. A bachelor applicant living in a city other than the Tier I cities, would not be eligible for personal loan.

As for a borrower who is married, there’s no such condition applicable.


CIBIL Score is another most important factor that help the bank determining your current financial status and capabilities. Generally, a CIBIL score of 750 is considered best for personal loan eligibility. A CIBIL score of as low as 700 points can also be accepted said that the borrower have a very clean financial history with no defaults at all.

However, if the borrower is a bachelor applicant, then the minimum CIBIL score of 765 points or higher is mandatory to be eligible.

Apart from your current CIBIL, the number of enquiries made on your CIBIL score for any unsecured loan within the last 90 days also affects your eligibility criteria for YES Bank personal loan.