Yes Bank 

Home Loan Documents Required

KYC documents including identity and address proof along with relevant income proof form part of the Yes Bank home loan document requirements. Submission of authentic proofs under each head ensures quick home loan approvals. Check the Yes Bank home loan document list for salaried and self-employed borrowers. Existing customers can enjoy the minimal paperwork home loans.


Yes Bank Eligibility Criteria  

Certain eligibility criteria stipulated for Yes Bank Home Loan have to be complied with if you qualify for the loan.

Eligibility Criteria  for Salaried Professionals

Yes Home Loan Eligibility Criteria for Salaried Professionals is as given below:

Eligibility CriteriaDetails
AgeThe applicant should be between 23 to 60 years of age
IncomeA minimum monthly income of Rs. 25000/- will be required.
Work experienceA minimum work experience of 1 year is required.
Eligible loan amountRs. 10.00 lakhs to Rs. 5.00 Crores

Additional Reading:  CIBIL score check free online by pan number

Eligibility Criteria for Self-employed Professionals

Given below are the details of Yes Home Loan Eligibility Criteria for Self-Employed Professionals.

Eligibility CriteriaDetails
IncomeA minimum annual income of Rs. 4.00 lakhs is mandatory
AgeThe applicant should be within the age range of 23 to 60 years
Business stabilityThe applicant should have been in the business for a minimum of 2 years
Amount eligibleRs. 10.00 lakhs to Rs. 5.00 Crores

Factors affecting Yes Home Loan Eligibility

Various factors are affecting Yes Home Loan Eligibility. After understanding the areas that proclaim you as a reliable borrower.

Credit Score: This is the most critical factor and is similar to a character certificate as far as financial management is concerned.  The credit score is assessed based on your repayment pattern, the type of loan availed, your credit card dues, and existing loans. 750 and above is considered a healthy score, and the lender will be convinced that you are a low-risk borrower. Hence, manage your credit score to scale up your eligibility.

Existing loans: Existing loans are not the concern. But the repayment pattern is. If the repayments of the existing loans are regular and there are no overdue in any of the accounts, the lender will be assured of recovering the loan provided. With a good repayment history, you have bright chances of getting a higher loan quantum at lower interest rates.

Employment: To be recognized as a reliable borrower, a steady income is required. Suppose you are employed with State or Central Government Departments, Public  Sector undertakings, MNCs or Reputed Companies. In that case, you are deemed to be having a steady income, and the chances of loan approval with a considerably high quantum will be high. Likewise, if you are self-employed with an established business rendering stable income, you will be a favorable candidate for the Yes Bank Home Loan.

Age: The number of years of service left will be a concern while assessing a home loan—the reason being the availability of steady income. A home loan applied for during the initial years of your career is a good step as you will be eligible for a higher quantum, and you can be sure of getting a faster approval. Also, the EMI will be affordable as you can choose a longer tenure, enabling a prompt repayment.

Property and Loan to Value Ratio: A home loan is provided against the security of the property to be purchased or constructed.  The lenders will be concerned about the marketability of the property as it is the only recourse in case the borrower defaults on the loan.  If the market value of the property is higher, then the quantum will also be higher.  The scope for home loan approval improves with the down payment that will be made. If the down payment is higher, you may even be eligible for a home loan at a very negotiable rate of interest.

Income: The eligible loan amount is directly proportionate to your income. Depending on the city you reside in, a minimum income is fixed to qualify for the home loan. You will be eligible for a Yes Bank home loan between Rs. 10.00 lakhs to Rs. 5.00 Crores.

Also Read - What is Top-up Loan? Should You Avail One?

How can you improve your home loan eligibility? 

Before applying for a Yes Bank Home Loan, check your eligibility with the help of the Yes Bank EMI Calculator. If you are not satisfied with the results, check on the area of concern and work on improving the particular factor to get the amount desired. Here are some of the areas you will need to work on if you have to improve your home loan eligibility.

Credit Score: A credit score of 750 and above is what is required to be eligible for the home loan. A higher score will fetch you a better quantum of loan and at a nominal rate of interest as you will be a sought after borrower owing to positive credit history. If your score is not up to the mark, work on improving the score by clearing all the overdue and closing some of the existing loans if required.  Start paying the existing EMIs and credit dues on time to improve the credit score. 

If the decline in the credit score is due to some discrepancies, then get it sorted by contacting the support group of the credit bureau and the existing lender. The issues should be sorted out before you approach Yes Bank for a home loan.

Income: If your income is not adequate to fetch the desired loan amount, you can get a higher amount by disclosing other sources of income like rental income, interest on fixed deposits, income for investments like shares, mutual funds, etc. You can also include a co-applicant who has a stable income with a good credit score.

Tenure:  If the EMI, fixed in proportion to your net income to fit into the FOIR ratio, does not provide you with an adequate loan amount, you can choose a longer tenure to lower the EMI and be eligible for a higher loan amount.

Yes Home Loan Documents Required

Yes Home Loan Documents Required are as mentioned  below:

  • Aadhar Card (not mandatory for Non-Resident Indians
  • Duly filled home loan application with passport size photographs
  • KYC Documents
    • Address Proof
    • Photo Identity Proof
    • Signature Proof
  • Pan Card or Form 60
  • Income Proof for Salaried Individuals
    • Latest Salary slips
    • Last two years IT Returns
    • Form 16
    • Salary account’s six months bank statement
  • Income Proof for the Self-Employed
    • Audited Financials for the last 2 years along with tax audit report wherever applicable
    • Last two years IT Returns
    • Operative account’s six months bank statement
    • Turnover proof via GST Returns.
  • Qualification Proof for Self-Employed Professionals.
  • Partnership Deed in the case of Partnership Firms
  • Additional Documents in the case of  Pvt Ltd Companies
    • Memorandum of Association
    • Articles of Association
    • List of the company's shareholders and Directors
  • Copy of Property Documents

Additional Reading: CIBIL Score Required for Home Loan

Best Value Home Loans

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What is the minimum salary requirement for availing of a Yes Bank Home Loan?


The minimum salary requirement for availing a Yes Bank Home Loan is Rs. 25000/- per month.

What are the documents required for a Yes Home Loan?


The following are the Yes Home Loan documents required.

Type of DocumentSalariedSelf-employed
KYC documents
  • Residence  Address Proof
  • Photo Identity Proof
  • Signature Proof
  • A residence and office address proof
  • Photo ID proof
  • Signature Proof
ApplicationDuly filled home loan applicationDuly filled home loan application
Income Proof
  • Latest  Salary Slips
  • ITRs for the last two years
  • Form 16
  • Last six month’s bank account statement showing salary credit.
  • Audited Balance Sheet and P & L account for the last two years along with Tax Audit Report wherever applicable.
  • Last two years IT returns.
  • Last six month’s bank account statement for the main operative account
Qualification ProofNot applicableApplicable only in the case of self-employed professionals
Other documents
  • Copy of property documents
  • Aadhar Card (applicable only to  Resident Indians)
  • Pan Card or Form 60


  • Pan Card or  Form 60
  • Aadhar Card (only for Resident Indians)
  • Memorandum of Association, Articles of Association, List of Directors and Shareholders in the case of Private Limited Company
  • Partnership Deed in the case of Partnership firm
  • Copy of Property Documents

How can I get a Yes Home Loan?


Yes Bank home loans at affordable interest rates, flexible interest rates with simple eligibility criteria and documentation. The turnaround time required for approval of Yes Home Loan is concise, and you can get a home loan by applying for the loan either online or offline. Make sure to keep the required documents before you submit the home loan application.

  • To apply offline, you can visit the nearest branch and the necessary documents and submit the duly filled application personally for the Yes Home Loan.
  • You can also fill up an online application form for Yes Home Loan available on the official website of Yes Bank. You will have to provide the required personal as well as income details and submit the application. You should also upload the necessary documents for the loan processing.
  • You will hear from the representatives of the bank about any additional information or documents.

Which is the best Yes Home Loan?


Yes, Khush Home Loans are affordable that can make your dream of owning a home come true. The following are the features and benefits of Yes Kush  Home Loan.

  • Loan amount ranging from Rs. 1.00 lakh to  Rs. 35.00 lakhs.
  • You will be eligible for the loan with a monthly family income of Rs. 9000/-
  • The loan can be availed even with minimum income documents or with no income documents.
  • The loan will be provided for under-construction or ready properties, for the repurchase of residential property, for purchase of a plot and construction thereon, for repairs and renovation and extension of the existing property.
  • The rate of interest ranges from 10.25% to 12%, depending on the loan amount.
  • Your job profile or industry will not impact the credit decision.
  • There is no restriction on the area of the property, and you will have the flexibility to choose a property, be it 200 sq ft or 3000 sq ft.

What is the Yes Home Loan Limit?


You can apply for Yes Home Loan from Rs. 10.00 lakhs to Rs. 5.00 Crores.

Is Yes Home Loan Free?


No.  A processing fee of 2% of the loan amount with a minimum of Rs. 10000/- will be collected.