YES Bank Education Loan

Online Process 

• Visit the official website of YES Bank and navigate to the education loan area 

• Complete the online application form with accurate personal, academic, and financial information 

• Upload scanned copies of the required papers as directed 

• Submit the application form online 

• The bank will assess your application and notify you of the next steps, such as verification and approval. 

Offline Process 

• Go to the YES Bank location that is closest to you 

• Request the education loan application form from a loan officer 

• Manually complete the form with the required information 

• Turn in the filled-out application at the branch 

• The bank will process the application, check the information, and determine the applicant's creditworthiness 

• After approval, the loan amount will be disbursed as needed, and a sanction letter will be given. 

Eligibility Criteria for YES Bank Education Loan

To be eligible for YES Bank education loan, you must have the following criteria: 

• Secure admittance to a recognized educational institution with an admission letter 

• A co-applicant, usually a parent or guardian, is required for the loan 

• Must have finished the 10+2 or equivalent test 

• Provide age proof with documents such as a birth certificate or passport 

• Proof of income and bank statements for yourself and your co-applicant 

• Create a complete list of estimated expenses, including tuition, living expenses, and other educational costs 

• A valid passport, visa, and the necessary papers from the foreign university are required 

• Colletral may be necessary for greater loan amounts, often above Rs. 1.5 crore. 

Features of YES Bank Education Loan

The following are the main characteristics of the Yes Bank Abroad Education Loan (as of June 2026, subject to change): 

1. Loan Amount 

Yes Bank provides secured loans up to Rs.1.5 crore. The amount of unsecured loans varies based on the university type; there are four categories: 

• Up to INR 50 lakhs in Category A 

• Category B: Up to forty lakhs of rupees 

• Category C: Up to thirty lakhs of rupees 

• Category D: Up to 25 lakhs of rupees 

2. Funding 

YES Bank offers 100% funding for both secured and unsecured loans for education abroad. Loans secured by fixed deposits (FDs) are funded at 90%. 

3. Study Levels and Courses 

Secured loans are available for some Bachelor’s and Master’s degree programs. Unsecured loans are available for Bachelor’s and Master’s degree programs in STEM (Science, Technology, Engineering, and Mathematics) and Management. 

4. Income Criteria 

The loan is offered based on the sponsor's income (usually a parent or guardian). The sponsor's income must be at least Rs.5 lakh per year. 

5. Repayment Period 

The repayment period varies by loan category. 

• Category A: 15 years, excluding the moratorium period 

• Category B: 15 years, excluding the moratorium period 

• Category C: 15 years, excluding the moratorium period 

• Category D: 10 years for all courses; 7 years for bachelor’s courses (excluding the moratorium period). 

YES Bank Education Loan Schedule of Charges

Pre-Disbursement

1. Login & Admin Fee – ₹5,000 (up to ₹7.5L) / NIL (above ₹7.5L)
2. Processing Fee – NIL (up to ₹7.5L) / Up to 2% (above ₹7.5L)
3. Stamp Duty – At actuals + ₹125 per stamp paper

Post-Disbursement

1. Repayment Mode Swap – ₹750 / NIL (if switching to SI)
2. Loan Cancellation – ₹1,000 (within 15 days)
3. Amortization Schedule – ₹500 (branch) / NIL (email)
4. No Due / NOC Certificate – ₹250
5. Account Statement – ₹750 (branch) / NIL (email)
6. Duplicate Title Documents – ₹500
7. Legal/Collection Charges – At actuals
8. Conversion/Switch Charges – 0.25% to 1% based on residual tenor
9. NMMP Charges – ₹750
10. Part Pre-payment – Not applicable
11. NeSL Charges – ₹25 (first year) / NIL renewal

On Foreclosure

• Foreclosure & Statement Charges – Not applicable

Delayed Payments

1. Overdue Interest – At contractual rate
2. Cheque Bounce – ₹750 per presentation

Documents Required for YES Bank Education Loan

The following documents are required to apply for an education loan with YES Bank: 

• Identity proof such as PAN, Aadhaar card, passport, and driving licence 

• Address proof, such as an Aadhaar card, passport, or electricity bill 

• Income proof such as salary stubs, Income Tax Returns (ITR) for the past 2-3 years, and bank statements for the last 6 months 

• Academic documents 

• Age documentation, such as a birth certificate or passport 

• Detailed list that includes tuition, living expenditures, and so on. 

Advantages of YES Bank Education Loan

Here are the advantages of YES Bank education loan as follows: 

• Flexible repayment choices include customizable programs with a moratorium period and a maximum term of 15 years 

• Coverage of a range of charges, including tuition, lodging, travel, and other educational expenditures 

• Minimal Paperwork: a simplified application procedure with little paperwork 

• Rapid loan approval for timely finance 

• Tax advantages include tax deductions for interest paid under Income Tax Act section 80E 

• Doorstep Services: easy loan processing and documentation at your door 

• Financial security can be ensured via loan insurance 

• Special Offers: discounted interest rates for working people and female students seeking management training 

• Online Application Procedure: simple and accessible 

• Preferential Exchange Rates: advantageous exchange rates for international students 

• Interest rates that are competitive

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