YES Bank Home Loan

Home Home Loan YES Bank Home Loan

About Yes Bank

Yes Bank: one of the largest private sector banks in India has its presence throughout the length and breadth of the country. It is one of the Top & Fastest Growing Banks in various Indian Banking League Tables released by prestigious media houses and Global Advisory Firms. The bank has received several national and international honors for various businesses including Corporate Investment Banking, Treasury, Transaction Banking, and Sustainable practices through Responsible Banking. Yes Bank is steadily evolving as the Professionals? Bank of India.

About Yes Bank Home Loan

Offered in Partnership with Dewan Housing Finance Corporation (DHFL), Yes Bank provides home loan in various formats:

  1. a) Home Purchase Loan
  2. b) Home Improvement Loan for renovation and repair of homes
  3. c) Home Loan Top-up as an additional funding along with existing Home Loans at Home Loan rates

Home Loan Features & Benefits

  • Competitive interest rates
  • Home loan protection plan
  • Facility of Home Loan Balance Transfer
  • Transparent processing
  • Quick disbursal

Yes Bank Home Loan Fees & Charges

 Charge Description Charges/Fee**
Part-Payment/Pre-payment Charges  
  •  Nil for floating rate loans;
  •  2.5% on the principal outstanding for fixed rate loans
Processing Fee (Non-refundable)  2.5% of the loan amount or Rs. 10,000/-(whichever is higher)
Late Payment Penalty  2% per month on overdue EMI
Repayment Swapping Charges  Rs. 500/-
Instrument Return Charges  Rs. 750/- per instance
Charges for Amortization Schedule  Rs. 100/- per request
Statement of Account  Rs. 100/- per request
Prepayment Statement Charges  Rs. 100/- per request
Duplicate NOC  Rs. 100/- per request
Loan cancellation / Rebooking  Rs.2000 /- (additionally franking / stamping norms as per actual if applicable)
Legal, Repossession & Incidental charges  At actual
Document retrieval charges (per advice)(Photocopy/scanning, etc) Rs. 500/-
Switch charges (Floating to prevailing fixed rate only if the same is permitted by the bank at the time of request) 0.5% of the loan amount outstanding
Switch charges (Fixed to prevailing floating rate only if the same is permitted by the bank at the time of request) 1% of the loan amount outstanding
Conversion charges (Higher Floating rate to lower floating rate, only if the same is permitted by the bank at the time of request)  0.5% of the loan amount outstanding
Conversion charges (Higher Fixed rate to lower Fixed rate, only if the same is permitted by the bank at the time of request)  1% of the loan amount outstanding
EMI cycle date change  Rs. 500/-
Equitable Mortgage Creation Charges  At actual
CERSAI Charges (included in the Login fee)
  •  Rs. 50/- for loans upto Rs. 5 lacs;
  •  Rs. 100/- for loans above Rs. 5 lacs

Yes Bank Home Loan Eligibility Criteria

Age

  • age- 21 years for both salaried individuals and self-employed.
  • age at loan maturity - 60 years for salaried individuals and 65 years for self-employed.

 

Income

Salaried individualsshould be a government employee or should be working with a reputed private company. Regular salary credits should reflect in the bank account.

 Job stability

Salaried individuals must be in a full time job for at least 2 months while self-employed must be in current profession/business for at least 2 years. Besides, self- employed should preferably own either their office or their place of residence.

Business must be registered with at least one government agency such as service tax, VAT, excise, shops or establishment registrar.

 Profession

 Working with a reputed company acts as an added advantage in increasing Yes Bank Home Loan eligibility.

 CIBIL Score

 An acceptable CIBIL Score is mandatory for availing Home Loans from Yes Bank.

 

                                                                  

Documents Required for Yes Bank Home Loan

  • Duly signed application form
  • Photograph
  • ID and residence proof (Office & Residence)
  • Signature Proof
  • Processing fee cheque
  • Income Documents:
  • Salaried: Last 2 salary slips and IT Returns / Form 16 for last 2 years
  • Self Employed Professionals/Self Employed Businessmen / Retail SME Enterprises: IT Returns with computation of income, audited Balance Sheet, Profit & Loss account including tax audit report (if applicable)for the last 2 years. Proof of turnover vide latest sales / service tax returns
  • Bank statement of last 6 months of the main operating bank
  • Details of all existing loans
  • Partnership Deed in case of Partnership Firms

  • Interest Rate % - %
  • Loan Amount -
  • Processing Fee
  • Tenor Years

  • Quick Apply

Other Available products from Yes Bank

  • Personal Loan
  • Home Loan Balance Transfer
  • Loan Against Property