Yes Bank Home Loan
Apply for Yes Bank Home Loan at competitive interest rate of 9.00% for up to 35 years. With customized loan terms, easy to meet documentation, nominal processing fee and high LAP of up to 90% of property value, Yes Bank Home Loan is one of the customer friendly options.
Apply for YES Bank Home Loan @ 9.00% Interest Rates
Yes Bank Home Loan Details
Let’s take a snapshot of Yes Bank Home Loan:
| Loan amount | Up to 90% of the property cost |
| Rate of interest | 9.00% |
| Tenure | Up to 35 years |
| Lowest EMI possible | Rs. 784 Per Lakh |
| Processing fee | 1.5% of the loan amount or Rs 10000 (whichever is higher & GST additional) |
You can also Apply for Indiabulls Home Loan and check EMI, Interest rate and Eligibility Online.
Yes Bank Home Loan: Features & Benefits
Some of the notable features and benefits of Yes Bank Home Loan are:
- Loan amount: Up to 90% of property value.
- Yes Bank Home Loan Interest Rates range from 9.00% per annum.
- Repayment tenure: Up to 35 years
- Yes Bank Home Loan Processing Fees is nominal. It can go up to 1.50% of the loan amount. The fee is minimum of Rs 10000.
- Lowest EMI possible: Rs. 784 per lakh
- 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
- Home Loan Balance Transfer facility
- Longest loan repayment tenure
- Zero loan prepayment charges for floating rate Home Loan
- Doorstep services
Looking for 50 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now!
Yes Bank Home Loan Interest Rates
Current Yes Bank Home loan interest rates start from 9.00% p.a. for a maximum tenure of 35 years. The rate applies across the product range, irrespective of the ticket size. Processing fee will be up to 1.50%, capped maximum at Rs 10,000.
Check Best Home Loan Interest Rates starting @7.35% from different banks and NBFCs
Yes Bank Home Loan Comparison with Other Lenders
Yes Bank Home Loan
| Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|
| Rs. 10 Crores | 35 years | 9.00% | Up to 1.5% of the loan amount |
| Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|
| Up to 90% of property | 30 years | 7.70% | 0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST |
| Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|
| Up to 90% of property cost | 30 years | 7.50% - 8.45% | Up to 0.35% + applicable GST |
Axis Bank Home Loan
| Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|
| Rs. 5 Crores | 30 years | 8.75% - 11.60% | Up to 1%, minimum Rs.10,000 |
| Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|
| Up to 90% of property cost | 30 years | 7.90% - 9.00% | Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes |
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 Schemes | Interest Rates |
|---|---|
| Yes Bank Home Loan Floating | 9.00% |
| Yes Bank Khushi Home Loan | 10.50% to 12.50% |
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 Charge | Charges |
|---|---|
| Processing Fee |
|
| Prepayment Charges (in part or full) |
|
| Late Payment Fees/ Penal or Default Interest Rate | 24% p.a. or 2% per month on the overdue instalment(s) |
| Additional Interest | 2% 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 Incidental | At 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 Charges | At Actuals (as per the applicable state laws) |
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.
Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?
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
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 Yes Bank Home Loan 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.
You can also check Home Loan Customer Care Number of multiple banks.
Yes Bank Home Loan FAQs
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.
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.
YES Bank offers a loan repayment tenure of up to 35 years, which is longest in the industry.
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.
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.
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.
The lowest EMI per Lakh for the YES Bank Home Loan is Rs 784 at an interest rate of 9.00% for the tenure of 35 years. You can calculate EMI using Home Loan EMI calculator before planning for a home loan.