Yes Bank Credit Card Loan is offered at lowest interest rate of 9.9% per annum. As far as Credit Card industry is concerned, this is the cheapest Interest Rate offered on Credit Card loan and EMI. The attractive Quick loan and EMI offers on Yes Bank Credit Card is making it a reason to get the Credit card from them as recently the Yes Bank has reduced the benefit on their premier cards in past few months. They are also charging the reduced processing fees on their credit card loan i.e. 0.5% to 1%, depends on the selected categories of customers.
The reduced Interest rate on Credit Card is useful if you are looking after EMI or cash in advance. The Interest rate is much cheaper than the existing bank’s personal loan. They are also having the lowest foreign currency mark-up fees of 1.75% which is also among the lowest.
Also Read – Yes Premia Credit Card Review, EMI Eligibility
The only drawback is loan offered against the Credit Card limit. If you have had a low credit card limit, the loan offered will be lesser. Additionally the GST at the rate of 18% will be charged on the EMI per month.
Review of Credit Card loan and EMI offered at lowest Interest Rate by Yes Bank.
- Lowest Interest Rate of 9.9%
- Same ROI for EMI & Credit Card Loan
- Low Processing Fees
- Low Foreign Currency Mark-up fees
- Reduced Benefits on Credit Card
- Loan against limit
- GST additional on EMI