Financial Aid
Yes Bank Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from NA
Processing Fees
1% to 2% + GST
Margin Money
NIL
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
Yes Bank Bank Education Loan for Abroad Studies
All you need to know about Yes Bank bank education loan for studying abroad
Overview of Yes Bank
Yes Bank, a leading private sector bank headquartered in Mumbai, was initially founded in 1999. It serves retail, MSME, and corporate clients across over 300 districts in India. For students planning to study abroad, Yes Bank offers a reliable solution through its education loans—especially non-collateral options. A key factor in determining loan approval for unsecured loans is the QS Global University Ranking of the applicant’s chosen institution, making Yes Bank a preferred choice for students targeting top-ranked universities.
Features of Yes Bank Education Loan for Abroad
| Feature | Details |
|---|---|
| Secured Loan Amount | Up to 1.25 Cr. |
| Unsecured Loan Amount | |
| Interest Rate | 11.25% - 12.75% |
| Loan Tenure | 12 Years |
| Moratorium | Course + 12 Months |
| Minimum Co-Applicant Income | Range Between ₹25,000 - ₹40,000 |
| Processing Fee | 1% - 2% of Sanctioned Amount |
| Tax Benefits | Yes; Under section 80e |
| Repayment During Moratorium | Yes; PSI or SI |
| Pre Visa Disbursement | Possible |
| Prepayment Charges | NIL |
Eligibility for Yes Bank Education Loan for Abroad
- Applicant must be an Indian citizen.
- Admission to a recognized university abroad is mandatory.
- Must have completed 10+2 or equivalent.
- Co-applicant (parent/sibling/uncle/aunt) is required with sufficient income.
- University must be on Yes Bank’s approved list and QS-ranked.
- Collateral may be required for higher loan amounts.
- Repayment capacity of applicant/co-applicant will be evaluated.
Documents Required for Yes Bank Education Loan for Abroad
To successfully apply for a Yes Bank education loan, both the applicant and co-applicant must provide a complete set of documents. These are essential for verifying identity, academic records, and financial background. Here’s a simplified overview:
| Applicant Documents | Co-Applicant Documents |
|---|---|
| Admission Letter from the Educational Institution | Identity Proof (Aadhar Card, PAN Card, etc.) |
| Academic Records (10th, 12th certificates, Degree certificates if applicable) | Address Proof (Utility bills, Aadhar Card, etc.) |
| Identity Proof (Aadhar Card, Passport, Voter ID) | Income Proof (Salary slips, Income Tax Returns of the past 2-3 years) |
| Age Proof (Birth Certificate, Passport) | Bank Statements (Last 6 months) |
| Residence Proof (Aadhar Card, Passport) | Assets and Liabilities statement |
| Scheduled Expenses for the Course | Collateral Documents (if applicable) |
Benefits of Getting Yes Bank Education Loan Via VITTIYA
- Higher Approval Chances: We assess your eligibility before applying, ensuring better chances of loan approval.
- Personalized Document Checklist: VITTIYA provides a customized list based on your profile to simplify document collection.
- Faster Processing: Our team coordinates directly with the bank to speed up the sanction process.
- Free Expert Support: A dedicated loan counselor assists you at no extra cost.
- Best Loan Guarantee: If you find a better rate elsewhere, we’ll help match or cover the interest rate difference.
How to Apply for an Tata Capital Education Loan via VITTIYA
The process of starting a loan application with Tata Capital is straightforward. Follow these steps:
Check Eligibility
Use VITTIYA’s online form to check if you qualify based on your academic profile and admission details.
Get Expert Guidance
A dedicated loan counselor will assist you and provide a personalized document checklist.
Submit Documents
Upload academic, admission, and financial documents for verification by Yes Bank.
Approval & Disbursal
Once verified, receive loan approval. Accept the terms and get funds disbursed quickly.
Overview of Yes Bank
Yes Bank, a leading private sector bank headquartered in Mumbai, was initially founded in 1999. It serves retail, MSME, and corporate clients across over 300 districts in India. For students planning to study abroad, Yes Bank offers a reliable solution through its education loans—especially non-collateral options. A key factor in determining loan approval for unsecured loans is the QS Global University Ranking of the applicant’s chosen institution, making Yes Bank a preferred choice for students targeting top-ranked universities.
Features of Yes Bank Education Loan for Abroad
| Feature | Details |
|---|---|
| Secured Loan Amount | Up to 1.25 Cr. |
| Unsecured Loan Amount | |
| Interest Rate | 11.25% - 12.75% |
| Loan Tenure | 12 Years |
| Moratorium | Course + 12 Months |
| Minimum Co-Applicant Income | Range Between ₹25,000 - ₹40,000 |
| Processing Fee | 1% - 2% of Sanctioned Amount |
| Tax Benefits | Yes; Under section 80e |
| Repayment During Moratorium | Yes; PSI or SI |
| Pre Visa Disbursement | Possible |
| Prepayment Charges | NIL |
Eligibility for Yes Bank Education Loan Education Loan for Abroad
- Applicant must be an Indian citizen.
- Admission to a recognized university abroad is mandatory.
- Must have completed 10+2 or equivalent.
- Co-applicant (parent/sibling/uncle/aunt) is required with sufficient income.
- University must be on Yes Bank’s approved list and QS-ranked.
- Collateral may be required for higher loan amounts.
- Repayment capacity of applicant/co-applicant will be evaluated.
Documents Required for Yes Bank Education Loan for Abroad
To successfully apply for a Yes Bank education loan, both the applicant and co-applicant must provide a complete set of documents. These are essential for verifying identity, academic records, and financial background. Here’s a simplified overview:
| Applicant Documents | Co-Applicant Documents |
|---|---|
| Admission Letter from the Educational Institution | Identity Proof (Aadhar Card, PAN Card, etc.) |
| Academic Records (10th, 12th certificates, Degree certificates if applicable) | Address Proof (Utility bills, Aadhar Card, etc.) |
| Identity Proof (Aadhar Card, Passport, Voter ID) | Income Proof (Salary slips, Income Tax Returns of the past 2-3 years) |
| Age Proof (Birth Certificate, Passport) | Bank Statements (Last 6 months) |
| Residence Proof (Aadhar Card, Passport) | Assets and Liabilities statement |
| Scheduled Expenses for the Course | Collateral Documents (if applicable) |
Benefits of Getting Yes Bank Education Loan Via VITTIYA
- Higher Approval Chances: We assess your eligibility before applying, ensuring better chances of loan approval.
- Personalized Document Checklist: VITTIYA provides a customized list based on your profile to simplify document collection.
- Faster Processing: Our team coordinates directly with the bank to speed up the sanction process.
- Free Expert Support: A dedicated loan counselor assists you at no extra cost.
- Best Loan Guarantee: If you find a better rate elsewhere, we’ll help match or cover the interest rate difference.
How to Apply Education Loan via VITTIYA
The process of starting a loan application with Yes Bank is quite simple. All you need to do is follow the below-mentioned steps.
Check Eligibility
Use VITTIYA’s online form to check if you qualify based on your academic profile and admission details.
Get Expert Guidance
A dedicated loan counselor will assist you and provide a personalized document checklist.
Submit Documents
Upload academic, admission, and financial documents for verification by Yes Bank.
Approval & Disbursal
Once verified, receive loan approval. Accept the terms and get funds disbursed quickly.
yOUR ANSWER
Frequently Asked Questions
What are the eligibility criteria for a Yes Bank education loan for studying abroad?
To be eligible for a Yes Bank education loan for studying abroad, the applicant must be an Indian citizen with confirmed admission to a recognized foreign institution and a good academic record. A financially stable co-applicant is typically required, and both their credit profiles will be evaluated.
What documents are required for a Yes Bank education loan application?
To apply for a Yes Bank education loan, you’ll need identity and address proof, academic records, admission letter, co-applicant’s income proof, and collateral documents (if needed). VITTIYA provides a personalized document checklist to help you collect everything easily.
How does Yes Bank determine the loan amount for education abroad?
Yes Bank decides the education loan amount based on course fees, living and travel expenses, the financial profile of the applicant and co-applicant, and the university’s QS ranking—especially important for unsecured loans.
What is the interest rate on Yes Bank education loans for studying abroad?
Yes Bank’s education loan interest rates for studying abroad typically range from 11.25% to 12.75%, depending on the applicant’s profile and loan amount. For the latest rates, it’s best to check with Yes Bank or through Vittiya.
Is there a prepayment penalty on Avanse education loans?
No, there is no penalty on prepayment after 6 months of disbursement.
Can I get a Yes Bank education loan without providing collateral?
Yes, Yes Bank provides non-collateral education loans for studying abroad, mainly for students admitted to top-ranked universities. Eligibility depends on university ranking, academic profile, and the co-applicant’s financial strength.