Yes Bank Home Loan

  • Interest Rate starting at 9.85%
  • Loan Amount up to Rs.5 Crores
  • Loan Tenure up to 35 years
  • Processing Fees is 2% or Rs.10,000 (whichever is higher) + GST
Get Yes Bank Home Loan

Yes bank offers borrowers home loans of up to Rs.5 crores at 9.85% interest for a tenure of up to 35 years. One can opt for Yes Bank Home Loans for purposes ranging from home purchase/construction to home renovation/improvement. Their documentation process is simple followed by quick loan processing. They also offer customers the balance transfer facility and have attractive plans for self-employed individuals. 

Yes Bank Home Loan Summary
Interest Rate 9.85% onwards
Loan Tenure Up to 35 years
Loan Amount Up to Rs.5 crores
Processing Charges 2% or Rs.10,000 (whichever is higher)+ GST

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Yes Bank Home Loan Eligibility

Although criteria differ based on the plan you opt for, the common criteria for obtaining a Yes Bank Home Loan is listed below.

An Applicant must be:
  • An Indian Resident
  • Salaried or self-employed
  • Between 23 and 60 years of age
  • Minimum monthly income for salaried applicants should be Rs.25,000 and minimum annual income for self-employed applicants must be Rs.4 lakhs.

Wonder how much Yes Bank home loan you’re eligible for?

Check it out right away with our advanced Fincity Home Loan Eligibility Calculator.

Yes Bank Home Loan Interest Rates

Yes Bank Home Loan interest rates are linked to external benchmarks and therefore vary based on changes in these rates. Their current home loan interest starts at 9.85% per annum.

Note :Rates are subject to change at the discretion of the bank or on the basis of RBI directives.

Yes Bank Home Loan Processing Fees & Charges

Here’s a list of the processing and other fees charged by Yes Bank when you apply for a Home Loan.

Particulars Charges
Processing Fee

2% or Rs 10,000 whichever is higher

(Rs 7,500 is non-refundable in case the disbursal has not been availed) 

Part-Payment/Pre-payment/Loan Pre-closure/Foreclosure Fees

Nil for floating rate loans

2.5% on the principal outstanding for fixed-rate loans

Late Payment Fees / Penal Interest Rate (Default Interest Rate)

24% per annum i.e. @2% per month on the overdue instalment(s)

Additional Interest

2% p.a. over and above the applicable interest rate on the loan outstanding

Repayment Mode / Cheque Swap Charges

Rs.500

Cheque Bounce / Return Charges

Rs.750 per instance

Statement of Account /Amortisation Schedule (on registered e-mail id)

Nil

Statement of Account /Amortisation Schedule (Physical mode or via Branch)

Rs.100 per request

Prepayment Statement Charges

Rs.100 per request

Duplicate No Objection Certificate (NOC)

Rs.100 per request

Loan cancellation/Rebooking

Rs.2,000 (additionally franking/stamping norms as per actuals if applicable)

Legal, Repossession & Incidental charges

At Actuals

Document retrieval charges (per advice) (Photocopy/scanning, etc.)

Rs.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 outstanding loan amount

Switch charges (Fixed to prevailing floating rate only if the same is permitted by the bank at the time of request)

1% of the outstanding loan amount

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 outstanding loan amount

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 outstanding loan amount

EMI cycle date change

Rs.500

Equitable Mortgage Creation Charges/Stamp Duty

At Actuals as per state laws applicable from time to time

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Yes Bank Home Loan EMI Calculation

Why worry or wonder about how much EMI you might have to pay when you have the Fincity Home Loan EMI calculator to help you out? Just enter basic details related to your choice of loan scheme and loan requirement, and have the calculator tell you your monthly EMI amount.

Yes Bank Home Loan Documents Required

Below is a list of documents an individual will need to submit to apply for a Yes Bank Home Loan.

 

Document  Salaried  Self-Employed 
Application with photograph 
  • Yes

 

  • Yes

 

Aadhaar Card (non-mandatory for NRIs) 
  • Yes

 

  • Yes

 

KYC 
  • Address Proof 
  • Identity Proof 
  • Signature Proof 
  • Address Proof (office and residence)
  • Identity Proof
  • Signature Proof 
Pan Card/Form 60 
  • Yes

 

  • Yes

 

Proof of Income 
  • Last 2 years’ Salary Slip
  • IT returns/ Form 16 
  • Last 2 years’ IT returns with computation of income
  • Audited Balance Sheet and Profit & Loss account including the tax audit report, if applicable
  • Proof of turnover vide the latest sales/service tax returns

 

Qualification Proof 
  • Not applicable 
  • Yes (applicable for Self-Employed Professionals) 
Bank Statement 
  • Last 6 months from the account where salary is credited 
  • Last 6 Months from the operative account

 

Note : Required documents must be self-attested and may slightly differ.

Yes Bank Home Loan Scheme Benefits

Yes bank allows borrowers to avail of flexible home loan amounts ranging from Rs.10 lakhs to Rs.5 crores with a repayment tenure extending up to 35 years. They also promise a quick turnaround time with minimal documentation.

Not sure which home loan comes with the lowest interest and highest benefits?

Have Fincity home loan advisors assist you at zero cost – connect with experts at hl@fincity.com and they’ll guide you all the way from finding you your dream home loan rate to ensuring you get the most out of your home loan!