Yes Bank Home Loan Details

Let’s take a snapshot of Yes Bank Home Loan:

Loan amountUp to 90% of the property cost
Rate of interest8.95 to 11.80%  
TenureUp to 30 years
Lowest EMI possibleRs. 836 Per Lakh
Processing fee1% of the loan amount or Rs 10000 
(whichever is higher & GST additional)

Yes Bank Home Loan: Features

Some of the notable features of Yes Bank Home Loan are:

  • Loan amount: Up to 90% of property value.
  • Yes Bank Home Loan Interest Rates range from 8.95% to 11.80 per annum.
  • Repayment tenure: Up to 30 years
  • Yes Bank Home Loan Processing Fees is nominal. It can go up to 1.00% of the loan amount. The fee is minimum of Rs 10000.
  • Lowest EMI possible: Rs. 836 per lakh

Yes Bank Home Loan: Benefits

  • A variety of Home Loans to suit your financial needs.
  • Type of home loans include Home Purchase Loan, Home Improvement Loan, Home Loan Top-up, Home Loan Transfer, and Home Loan for Self-employed.
  • Borrow as per needs, i.e. anywhere between  10 Lakhs to  5 Crores as per eligibility.
  • Standard tax benefits under Section 24(b) and 80C of the Income Tax, 1961
  • Attractive interest rates
  • Low processing fee
  • Home Loan Balance Transfer facility
  • Longest loan repayment tenure
  • Quick processing time
  • Zero loan prepayment charges for floating rate Home Loan
  • Doorstep services

Also Read - Home Loan Tax Benefits

Yes Bank Home Loan: Eligibility Criteria

YES Bank offers Home Loans to salaried individuals, self-employed professionals and NRIs. The eligibility criteria for YES Bank Home Loans are as follows:

  • Individuals must be salaried or self-employed
  • The applicant's minimum age at the time of loan application must be 21 years.
  • The maximum age of the applicant at the time of loan maturity must not be above 65 years.
  • A salaried applicant must have a minimum work experience of 2 years.
  • The self-employed applicants must have minimum business stability of 2 years.
  • It is possible to increase your likelihood of getting a Home Loan sanctioned by YES Bank if you make your spouse or parents as co-applicant, as their income increases your loan eligibility.

Factors Affecting YES Bank Home Loan Eligibility

Here are a few factors that affect your eligibility for YES Bank Home Loan:

Employment Status: YES Bank offers Home Loans to both salaried as well as self-employed individuals. It is one of the crucial aspects considered to determine your loan eligibility.

Income: Your gross monthly income plays a major part in evaluating your overall Home Loan eligibility. Applicants with high gross monthly income and lesser monthly financial obligations have higher chances of having higher loan eligibility.

Co-applicant: To increase your loan eligibility and get a higher loan amount, a lot of applicants apply with a co-applicant. However, this increase in loan eligibility depends on your co-applicants’ monthly income, employment status, and monthly obligations.

Also Read - Yes Bank Launches Digital Loan Against Securities

Yes Bank Home Loans Documents Required

The basic documents required for Yes Bank Home Loans are as follows:

  • Application form- duly filled
  • 3 latest passport-sized photographs
  • Identity proof: PAN Card (mandatory for loan amount above Rs 10 Lakhs) and Driver's License/ Voter's ID/ Aadhaar Card/ Passport.
  • Residence Proof: Driver's License/ Registered Rent Agreement/ Aadhaar Card/ Passport/ Ration Card/ Voter ID.
  • Last 1 year's loan account statement along with sanction letter (if any previous loan is active).
  • Proof of assets held: LIC/ KVP/ NSC/ PROPERTY/ MF
  • Assets and liabilities statement
  • ITR Verification Report

Yes Bank Home Loan Interest Rates

Current Yes Bank Home loan interest rates start from 8.95% p.a. for a maximum tenure of 25 years. The rate applies across the product range, irrespective of the ticket size. Processing fee will be up to 2.00%, capped maximum at Rs 15,000.

Yes Bank Home Loan Floating8.95% - 11.80%
Yes Bank Khushi Home Loan10.25% - 12.00%

lowest interest rate home loan

YES BANK Home Loan – Fees & Charges

Here are the details of processing fees and all other charges associated with YES Bank Home Loan:

Type of ChargeCharges
Processing Fee
  • Up to 2% of the sanctioned loan amount or  10,000 (whichever is higher)
  • 7,500 is non-refundable if the disbursal has not been availed
Prepayment Charges (in part or full)
  • Nil for loans with floating interest rates
  • 2.5% on the principal outstanding for loans with fixed interest rates
Late Payment Fees/ Penal or Default Interest Rate24% p.a. or 2% per month on the overdue instalment(s)
Additional Interest2% p.a. over & above the applicable rate of interest on the loan outstanding
Charges for Changing Repayment Mode or for Cheque Swap 500
Charges for Cheque Bounce/ Return 750 per instance
Charges for receiving Statement of Account or Amortisation Schedule through physical mode or through branch 100 per request
Charges for Prepayment Statement 100 per request
Charges for Duplicate No Objection Certificate  100 per request
Loan Cancellation/ Rebooking Charges 2,000 (additionally franking/ stamping norms as per actuals if applicable)
Charges for Legal, Repossession, and IncidentalAt Actuals
Charges for Document Retrieval (per advice, photocopy/scanning, etc.)500
Interest Rate Switch Charges (Floating to Fixed, if permitted by the bank)0.5% of the outstanding loan amount
Interest Rate Switch Charges (Fixed to Floating, if permitted by the bank)1% of the outstanding loan amount
Interest Conversion Charges (from higher floating to lower floating rate, if permitted by the bank)0.5% of the outstanding loan amount
Interest Conversion Charges (from higher fixed to lower fixed rate, if permitted by the bank)1% of the outstanding loan amount
Charges for EMI cycle date change 500
Equitable Mortgage Creation/ Stamp Duty ChargesAt Actuals (as per the applicable state laws)

Check for 25 lakh home loan EMI and apply easily on MyMoneyMantra.

Yes Bank Home Loan Offers

Yes Bank Home Loans are available as YES KHUSHI - Affordable Home Loans and Yes - Regular Home Loans.

These two loans are further categorised into the following five different types:

  • Home Purchase Loan: This loan can be availed to the purchase a new home or property.
  • Home Improvement Loan: This Home Loan variant can be availed for repair and renovation of your existing home.
  • Home Loan Top-up: This loan can be availed by the eligible existing Home Loan customers to help them secure additional funding at existing Home Loan interest rates along with existing Home Loan on the same property.
  • Home Loan Transfer: This loan helps existing Home Loan customers to balance transfer their Home Loan from other banks or Housing Finance Companies to Yes Bank.
  • Home Loan for Self Employed: This tailor-made Home Loan is made for self-employed professionals and non-professionals.
Yes Bank Home Loan SchemesInterest Rates
Yes Bank Home Loan Floating8.95% - 11.80%
Yes Bank Khushi Home Loan10.25% - 12.00%

YES BANK Home Loan Comparison with Other Lenders

Yes Bank Home Loan

Maximum Loan AmountMaximum TenureInterest RateProcessing Fee
Rs. 10 Crores30 years8.95% - 12.00%Up to 2% of the loan amount

ICICI Bank Home Loan

Maximum Loan AmountMaximum TenureInterest RateProcessing Fee
Up to 90% of property30 years6.70%-8.05%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST

SBI Home Loan

Maximum Loan AmountMaximum TenureInterest RateProcessing Fee
Up to 90% of property cost30 years6.75% - 8.20%Up to 0.50% + applicable GST

Axis Bank Home Loan

Maximum Loan AmountMaximum TenureInterest RateProcessing Fee
Rs. 5 Crores30 years6.90%-8.40%Up to 1%, minimum Rs.10,000

HDFC Home Loan

Maximum Loan AmountMaximum TenureInterest RateProcessing Fee
Up to 90% of property cost30 years6.70%-7.20%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes

How to Calculate Yes Bank Home Loan EMI?

YES Bank Home EMI amount can be computed using the MyMoneyMantra EMI Calculator. You need to fill loan parameters: loan tenure, loan amount, the proposed interest rate to calculate the EMI.

As you submit the loan details, you can get the EMI and interest part. 

Get access to Home Loan EMI Calculator.

Yes Bank Home Loan - Customer Care

You can contact YES Bank Customer Care at the following Toll-Free number:

1800-419-1717

Or

SMS YES HL to 9223390909

YES Bank has a YES Robot that will tend to your queries and doubts as and when required. It is a chat-based automated channel and answers any types of FAQs that you may have. The customer care department is also available round the clock and can be contacted through the toll-free number available above.

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Best Value Home Loans

MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.

Yes Bank Home Loan FAQs

✅ For which purpose can I use YES Bank Home Loans?

You can YES Bank Home Loans for a variety of reasons, such as home/ land purchase, construction of the house, house extensions, and renovations on existing properties.

✅ Why should YES Bank balance transfer be opted for?

YES Bank offers attractive interest rates, longest loan tenure, great customer support, and big loan amount. These are some lucrative reasons to go for Yes Bank. If your existing Home Loan provider doesn't offer these benefits or have a higher interest rate, you can transfer your loan to YES Bank through their Home Loan Balance Transfer facility.

✅ What is the maximum loan tenure for YES Bank Home Loan?

YES Bank offers a loan repayment tenure of up to 30 years, which is longest in the industry.

✅ Do I need to visit a YES Bank branch in regards to applying for the loan?

No. Apart from going to the bank's branch to apply for the YES Bank Home Loan, you can also apply online through MyMoneyMantra or can avail YES Bank's doorstep personalised services.

✅ Is there a tax benefit on the Home Loan

Yes, as per Section 24 and Section 80C of the IT Act, 1961, any Home Loan borrower can avail tax benefits on repayment of principal amount (up to  1.5 Lakhs) and interest amount (up to  2 Lakhs) in a financial year.

✅ Can the Home Loan be prepaid? What are the charges?

Yes, you can opt for Home Loan prepayment. YES Bank charges zero prepayment fee for a floating interest rate Home Loan. For fixed interest Home Loan you have to pay 2.5% on the principal outstanding as prepayment charges.

✅ What are the different types of Home Loan offered by YES Bank?

YES Bank offers a variety of Home Loans such as - Home Purchase Loan, Home Improvement Loan, Home Loan Top-up, Home Loan Transfer, and Home Loan for Self Employed.

✅ Who can be a co-applicant for the YES Bank Home Loan?

You can bring in a co-applicant to increase your YES Bank Home Loan eligibility. Your spouse can be a co-applicant. However it is mandatory for all co-owners of the property to be the co-applicant.

✅ What does pre-EMI interest mean?

Pre-EMI Interest is the amount of interest you pay on the part of the loan disbursed to you before the full and final disbursal and commencement of YES Bank Home Loan EMI.

✅ What is the lowest EMI per Lakh available with the YES Bank Home Loan?

The lowest EMI per Lakh for the YES Bank Home Loan is Rs 836 at an interest rate of 8.95% for the tenure of 30 years. You can calculate EMI using Home Loan EMI calculator before planning for a home loan.