YES Bank Loan Against Property

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About Yes Bank

Yes Bank is 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 Loan Against Property

Yes Bank offers multiple variants of loans against properties:

  • Loan against a Residential or Commercial property (term loan)
  • Drop-line Overdraft (DOD) facility (A unique Overdraft facility financed against a collateral with a monthly limit drop for a fixed tenor)
  • Loan against property (for purchase of a Commercial Property)
  • Loan against Rent Receivables (Unique collateral backed funding proposition against monthly rental receivables from leased out properties)

Why apply for Yes Bank Loan Against Property

  • Business Expansion
  • Foreign education of children 

Loan Against Property Features & Benefits

  • Loans up to Rs. 5 crores
  • Flexible repayment options
  • Attractive interest rates
  • Quick processing
  • Minimal documentations

Yes Bank Loan Against Property Fees & Charges

Loan Processing Charges/ origination charges: As per prevailing rate matrix.

Prepayment charges:  Nil for floating rate loans. However, the minimum prepayment should be equivalent to at least one EMI.

Stamp Duty: As per prevailing state law.

Penal interest for late payment: 2% per month on the due amount.

Cheque Swap charges:  Rs.500/-per instance.

Cheque Return Charges: Rs.750/- per instance.

Charges for Amortization Schedule: Rs.500/- per amortization schedule.

Account statement Charges: Rs.100/-per instance.

Prepayment statement charges: Rs. 100/-

Duplicate NOC issuance Charges: Rs.100/- for every duplicate NOC.

Loan cancellation and rebooking charges: Rs.2000/-

Legal, Repossession and incidental charges: On actual basis.

Document Retrieval charges: Rs.500/-

Switch Fees: 0.5% of the principal outstanding loan amount.

Conversion Charges: 0.5% of the principal outstanding loan amount.

CERSAI charges: Rs.500/-

EMI cycle change: Rs.500/-

Creation of charge with ROC: On actual basis.

Valuation charges: On actual basis.

Legal Charges: On actual basis.

  • Interest Rate 8.80% - 9.75%
  • Loan Amount20L - 10Cr
  • Processing Fee 0.5% - 1%
  • TenorUpto 15 Years

  • Quick Apply

Yes Bank Loan Against Property Eligibility Criteria

Salaried

  • Minimum income should at least be Rs.3lacsper annum
  • Minimum Age - 23 years(if income of the applicant / co-applicant is considered); 21years (if income of the applicant / co-applicant is not considered)
  • Maximum Age - 60 years (if income of the applicant / co-applicant is considered); 70 years (if income of the applicant / co-applicant is not considered)
  • At least 6 months of experience in current employment
  • At least 3 years of experience in employment

Self Employed

  • Minimum cash profit of Rs.4 lacs per annum
  • Minimum turnover  should be Rs.15 lacs per annum for service providers/commission income, Rs.10 lacs per annum for doctors, Rs.60 lacs for non-service providers
  • Minimum Age - 23 years (if income of the applicant / co-applicant is considered); 21 years (if income of the applicant / co-applicant is not considered)
  • Maximum Age - 60 years (if income of the applicant / co-applicant is considered); 70 years (if income of the applicant / co-applicant is not considered)
  • At least 3 years in business/profession

Documents Required for Yes Bank Loan Against Property

  • Identity Proof
  • SignatureProof
  • Address Proof of Office & Residence
  • Income Documents:

    1. Salaried: 2 latest salary slips and last 2 years IT Returns / Form 16

    2. Self Employed Professionals/Self Employed Businessmen / Retail SME Enterprises: IT Returns with computation of income, audited Balance Sheet and Profit & Loss account of last 2 years including tax audit report (if applicable); proof of turnover vide latest sales/service tax returns

  • Bank statement of the main bank account for last 6 months
  • Details of all existing loans
  • Partnership deed in case of Partnership firms
  • Memorandum & Article of Association and List of Directors & Shareholders case of Private/Public Limited Company
  • Copies of all property documents

Other Available products from Yes Bank

  • Personal Loan
  • Home Loan
  • Home Loan Balance Transfer

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