Yes Bank Education Loan: Interest Rates & Details 2025

Are you planning to pursue higher education but concerned about the costs? Did you know that you can fund your studies without stress with a Yes Bank education loan for your bright future.

Read on to find out how a Yes Bank education loan can help you achieve your academic goals

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Yes Bank Education Loan Overview

Here is an overview of the Yes Bank education loan: 

*Please Note: A moratorium period is a set time during which loan borrowers do not need to make repayments, usually given to help them manage their finances better.

You seem excited about Yes Bank education loan features, right? Well, this is just the beginning, there are different types of education loans that you must check out.

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Yes Bank Education Loan Interest Rate

When considering a Yes Bank education loan, you’ll find that they offer competitive interest rates designed to meet financial needs. 

Here are the key details regarding the interest rates for Yes Bank education loans.

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Yes Bank Education Loan: Processing Fees

When applying for a Yes Bank education loan, a processing fee is typically charged. This fee usually a one-time charge and varies based on the loan amount and type, with a small percentage of the loan amount as the fee. 

Here’s a brief overview of what you can expect:

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Types of Yes Bank Education Loans

Yes Bank offers a variety of education loans tailored to meet the diverse needs of students pursuing higher education in India and abroad. Here are the main types of Yes Bank education loans available:

Below are the main types of education loans offered by Yes Bank:

Yes Bank Domestic Education Loan

A Domestic Education Loan supports students pursuing higher education in India by covering tuition fees, living expenses, books, travel, and essential equipment like a laptop. 

Yes Bank offers loans up to ₹40 lakhs at interest rates of 10.99%–12.00%, with a repayment period of up to 15 years. Eligibility requires admission to a recognized Indian institution and a co-applicant, generally a parent or guardian.

Yes Bank Overseas Education Loan

Overseas Education Loans are designed for students planning to study abroad at recognized universities or institutions. These loans cover tuition fees, accommodation, living expenses, travel, insurance, and visa charges. 

Since studying abroad involves higher costs, these loans are often larger in amount and come with flexible repayment options. The repayment schedule is usually customized based on the course duration and starts after the student finishes the course or secures employment. 

Yes Bank Skill Development Loan

Skill Development Loans are ideal for students enrolling in short-term or vocational courses to improve specific job-related skills. 

These can be taken for training programs in India or abroad. The loan covers course fees, travel costs (if the course is overseas), and other related expenses. 

Since the courses are shorter in duration, the loan repayment period is also relatively short. Repayment usually begins soon after the completion of the course, making it a quick turnaround financing option.

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Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility. 

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Yes Bank Abroad Education Loan

If you're planning to study abroad, Yes Bank offers international education loans designed to cover all necessary costs associated with overseas education.

Key Features of Yes Bank Abroad Education Loan

Here are the key features of the Yes Bank Abroad Education Loan: 

1. Loan Amount

Yes Bank offers loans up to INR 1.5 Crore for secured loans. For unsecured loans, the amount varies depending on the university category, with four categories as follows:

• Category A: Up to INR 50 Lakhs
  
  
• Category B: Up to INR 40 Lakhs
  
  
• Category C: Up to INR 30 Lakhs
  
  
• Category D: Up to INR 25 Lakhs
  
  

2. Rate of Interest

Interest rates for secured and unsecured loans range from 11.50% to 13%, depending on the category:

• Category A: 11.50%
  
  
• Category B: 11.50%
  
  
• Category C: 12%
  
  
• Category D: 12.50%
  

3. Funding

Yes Bank provides 100% funding for both secured and unsecured loans for studying abroad. For loans secured against fixed deposits (FD), 90% funding is offered.

4. Study Level & Courses

Secured loans are available for selected Bachelor's and Master’s degree programs. Unsecured loans are offered for STEM (Science, Technology, Engineering, and Mathematics) and Management courses at the Bachelor's and Master’s levels.

5. Income Criteria

The loan is offered based on the income of the sponsor (typically a parent or guardian). The sponsor’s income must be at least INR 5 Lakhs per annum.

6. Repayment Tenure

The repayment tenure 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)
  
  

Features of Yes Bank Education Loans

Yes Bank offers a range of features in its education loan schemes designed to support students pursuing higher education. 

Here are the key features of Yes Bank education loans.

With competitive Yes Bank education loan interest rates and comprehensive coverage of educational expenses, you can focus on achieving your academic goals without financial stress.

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These loans not only provide the financial support you need but also offer flexible repayment options to ease your journey through higher education.

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Eligibility Criteria for Yes Bank Education Loans

The Yes Bank offers education to support students in their academic pursuits. Here are the eligibility criteria you need to fulfil that is essential to ensure a smooth application process.

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Documents Required for Yes Bank Education Loan

Applying for a Yes Bank education loan involves submitting several key documents required to ensure a smooth process. Here’s a comprehensive list of what you’ll need.

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How to Apply for a Yes Bank Education Loan? 

Online Mode

• Visit the official website of YES BANK and go to the education loan section.
  
  
• Fill out the online application form with accurate personal, academic, and financial details.
  
  
• Upload scanned copies of the required documents as prompted.
  
  
• Submit the application form online.
  
  
• The bank will review your application and contact you for further steps such as verification and approval.

Offline Mode

• Visit the nearest YES BANK branch in your area.
  
  
• Meet a loan officer and request the education loan application form.
  
  
• Fill out the form manually with the necessary details.
  
  
• Submit the completed form at the branch.
  
  
• The bank will verify the details, assess creditworthiness, and process the application.
  
  
• Once approved, a sanction letter will be issued, and the loan amount will be disbursed as required.

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Not Just Tuition Fees, But Other Expenses Are Also Covered. Simplified Processing, Dedicated Support

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Can I Get a Yes Bank Education Loan Without Collateral? 

YES, you can, but it depends on your loan amount, the course you’re applying for, and the institution you plan to attend.Yes Bank offers education loans without collateral, making it easier for Indian students to fund their higher education. You can get up to ₹40 lakhs for studies in India and up to ₹50 lakhs abroad, depending on your academic record and the university’s ranking. A co-applicant, usually a parent or guardian with a steady income, is required. 

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Advantages of Yes Bank Education Loans

Yes Bank offers several benefits with its education loan schemes, making it a popular choice for students seeking financial support. Here are the key advantages, have a look.

1.Competitive Interest Rates

Attractive rates starting from 10.99% to 14.00%.

2. Flexible Repayment Options

Customisable plans with a tenure of up to 15 years and a moratorium period.

3. Coverage of Various Expenses

Covers tuition fees, accommodation, travel, and other educational costs.

4. Minimal Documentation

Streamlined application process with minimal paperwork.

5.Quick Approval Process

Swift loan approval for timely funding.

6. Tax Benefits

Tax deductions on interest paid under Section 80E of the Income Tax Act.

7. Doorstep Services

Convenient documentation and loan processing services at your doorstep.

8. Insurance Options

Loan insurance available for financial security.

9. Special Offers

Special interest rates for female students and working professionals pursuing management training.

10. Online Application Process

Easy and accessible online application.

11. Preferential Forex Rates

Beneficial exchange rates for students studying abroad.

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Expenses Covered by Yes Bank Education Loans

Yes Bank education loans provide extensive financial support, covering a variety of expenses to help you focus on your academic pursuits. Here’s a detailed list of what is covered.

1. Tuition Fees

Covers the course cost at your educational institution.

2. Hostel Charges

Accommodation costs for on-campus or affiliated hostels.

3. Books and Study Materials

Expenses for textbooks and other educational materials.

4. Lab Equipment

Costs for practical class equipment, especially for science and engineering courses.

5. Travel Expenses

Includes travel to and from the institution, and airfare for studying abroad.

6. Other Educational Expenses

Examination fees, project expenses, and additional institutional fees.

7. Living Expenses

For students studying abroad, it covers food, transportation, and personal expenses.

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Yes Bank Education Loan College List

Yes Bank categorizes its overseas education loan offering into four tiers, Category A, B, C, and D, based on the ranking and reputation of the university. This classification directly influences the loan amount, interest rate, and repayment terms offered to the student. Since the QS World University Rankings are updated every year, a university’s category may change accordingly.

Download the Yes Bank Education Loan College List PDF using the link below:

Yes Bank Education Loan College List Category-wise

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Yes Bank Education Loan Calculator

To further assist with your financial planning, Yes Bank provides an education loan EMI calculator. This tool helps you estimate your monthly EMI based on several variables: the interest rate, the total amount of the sanctioned loan, and the loan repayment tenure. 

For example, if you take a loan of INR 50 lakhs with an interest rate of 10% to be repaid over 15 years, you can calculate the EMI using the formula. Here, the monthly EMI is going to be INR 53,730.

EMI =  P x R x (1+R)^N / [(1+R)^N-1]

Where:

By entering the values of P, R, and N, you can quickly get an accurate EMI figure. This will help you better manage your Yes Bank education loan and understand your monthly payments. 

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Why Propelld?

You can easily fill out the application form online, upload necessary documents, and track your application status in real-time. That's not it, here are the details and benefits of a Propelld Education Loan just for you.

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FAQs About the Yes Bank Education Loan

What is the maximum loan amount I can get with a Yes Bank education loan?

With a Yes Bank education loan, you can borrow up to INR 40 Lakhs for studies in India. For studying abroad, the loan amount can go up to INR 1.5 Crore. This substantial loan amount ensures that you can cover all your educational expenses without financial stress.

What is the starting Yes Bank education loan interest rate?

The starting Yes Bank education loan interest rate is 10.99%, and it can go up to 14.00%. This competitive interest rate makes it a viable option for students seeking financial assistance for their education, ensuring manageable monthly repayments throughout the loan tenure.

How long is the repayment tenure for a Yes Bank education loan?

The repayment tenure for a Yes Bank education loan can extend up to 15 years. This flexible repayment period allows you to choose a tenure that best suits your financial situation, providing ample time to repay the loan comfortably after completing your education.

Are there any processing fees for Yes Bank education loans?

Yes, there is a processing fee for Yes Bank education loans, it is 2% of the loan amount. This fee is payable upfront at the time of loan disbursement and is non-refundable, even if the loan is rejected or prepaid later.

Do I need to provide collateral for a Yes Bank education loan?

Collateral is generally required for higher loan amounts, typically above INR 1.5 Crore. For loans up to INR 40 Lakhs for domestic studies, collateral might not be necessary. This requirement helps secure the loan, reducing the risk for both the borrower and the bank.

What expenses are covered by Yes Bank education loans?

Yes Bank education loans cover a wide range of expenses, including tuition fees, living expenses, books, equipment, and travel costs. This comprehensive coverage ensures that all necessary educational costs are taken care of, allowing you to focus on your studies without financial worries.

Can I use the Yes Bank education loan EMI calculator online?

Yes, Yes Bank provides an online EMI calculator to help you estimate your monthly payments. By entering the loan amount, Yes Bank education loan interest rate, and repayment tenure, you can quickly calculate your EMI, making financial planning straightforward and hassle-free.

What documents are required for a Yes Bank education loan application?

To apply for a Yes Bank education loan, you need to submit documents such as identity proof, address proof, income proof, academic records, and an admission letter. Collateral documents are required if applicable. These documents help verify your eligibility and financial stability for the loan.

Is a co-applicant required for a Yes Bank education loan?

Yes, a co-applicant is mandatory for a Yes Bank education loan. Typically, a parent or guardian serves as the co-applicant. Their financial status and repayment capacity are considered to ensure that the loan repayment can be managed effectively, providing additional security for the bank.

How long does it take to get approval for a Yes Bank education loan?

Once your Yes Bank education loan application is approved, the bank typically disburses the loan amount within 4-5 days. This quick approval and disbursement process ensures that you receive the necessary funds promptly to cover your educational expenses without delay.

Are there any special interest rates for female students?

Yes, Yes Bank offers special interest rates for female students and working professionals pursuing management training courses. This initiative promotes inclusivity and provides financial incentives to encourage higher education among female students, making Yes Bank education loans more accessible and affordable.

Can I apply for a Yes Bank education loan online?

Yes, you can conveniently apply for a Yes Bank education loan through their online application process. This digital platform allows you to fill out the application form, upload necessary documents, and track your application status from the comfort of your home, ensuring a hassle-free experience.

What are the eligibility criteria for a Yes Bank education loan?

To be eligible for a Yes Bank education loan, you must secure admission to a recognised educational institution, complete your 10+2 or equivalent examination, and provide necessary financial and personal documentation. Meeting these criteria ensures you can access the financial support needed for Yes Bank education loan.

Does Yes Bank offer any government subsidies on education loans?

Yes, various government subsidies are available for Yes Bank education loans, such as Padho Pardesh and schemes for economically backward classes. These subsidies can significantly reduce the financial burden of your loan, making your educational journey more affordable and accessible.

How does Yes Bank determine the Yes Bank education loan interest rate?

The Yes Bank education loan interest rate is influenced by factors such as the student's job prospects after course completion and the repayment capacity of the co-borrower. These factors help Yes Bank assess the risk and determine a suitable interest rate for the loan.

Can I repay the education loan early without penalties?

Yes, Yes Bank allows borrowers to prepay their education loan without any foreclosure or prepayment charges. This helps reduce the overall interest burden if you’re able to repay the loan before the scheduled tenure.

Is there a moratorium period before repayment starts?

Yes, there is a moratorium period that includes the course duration plus an additional 6 to 12 months (grace period). During this period, you are not required to repay the principal amount, although partial or full interest may be payable based on the loan terms.

Which types of courses are eligible for Yes Bank education loans?

Yes Bank offers education loans for a wide range of courses—undergraduate, postgraduate, diploma, and certificate programs—both in India and abroad. The institution must be recognised and meet the bank’s eligibility standards.

Can I request additional funds if my course expenses increase? 

Yes, you may request a top-up or additional loan during your course. The approval will depend on your academic progress, course requirements, and the financial profile of your co-applicant.

Are hostel, travel, and living expenses covered? 

Yes Bank education loans are comprehensive and cover tuition fees, examination fees, accommodation charges, travel expenses (for overseas education), cost of books, laptop, project work, and other course-related expenses.

Is it possible to change the co-applicant later?

Yes, but it requires the bank’s approval. The new co-applicant must meet the financial eligibility criteria and provide supporting documentation such as income proof, KYC, and relationship proof.

Can working professionals apply for Yes Bank education loans for executive or short-term programs?

Yes, Yes Bank offers education loans to working professionals pursuing executive programs, management development courses, or short-term certifications from reputed institutions, provided the course meets the bank's eligibility norms.

Does Yes Bank provide loans for distance or online learning programs? 

Generally, Yes Bank prefers full-time, regular programs from recognised institutions. However, select hybrid or online programs from globally ranked universities may be considered on a case-by-case basis, depending on the course structure and future career prospects.