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:

Home Purchase Loan
Home Improvement Loan for renovation and repair of homes
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 10,000/-(whichever is higher)
Late Payment Penalty	� 2% per month on overdue EMI
Repayment Swapping Charges	� 500/-
Instrument Return Charges	� 750/- per instance
Charges for Amortization Schedule	� 100/- per request
Statement of Account	� 100/- per request
Prepayment Statement Charges	� 100/- per request
Duplicate NOC	� 100/- per request
Loan cancellation / Rebooking	� 2000 /- (additionally franking / stamping norms as per actual if applicable)
Legal, Repossession & Incidental charges	� At actual
Document retrieval charges (per advice)(Photocopy/scanning, etc)	�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	� 500/-
Equitable Mortgage Creation Charges	� At actual
CERSAI Charges (included in the Login fee)	�50/- for loans upto 5 Lakhs; �100/- for loans above 5 Lakhs

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.

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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.

�Credit Score

�An acceptable credit score is mandatory for availing Home Loans from Yes Bank.

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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