Yes Bank Loan Against Property (LAP)
- Interest Rate as per Terms & Conditions (Based on External Benchmark prescribed by RBI)
- Loan Amount up to Rs.15 Crores
- Loan Tenure up to 15 years
- Processing Fees up to 2% of the loan amount + GST
With Yes Bank, a borrower can avail of a high loan against property amount at competitive interest rates, based on the external benchmark defined by the RBI. They can leverage the value of their commercial or residential property to get a mortgage loan for up to 15 years. Funds availed can be used to meet business or personal needs.
Yes Bank Loan Against Property (LAP) Summary | |
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Interest Rate | As per Terms & Conditions (Based on External Benchmark prescribed by RBI) |
Loan Amount | Up to Rs.15 Crores |
Loan Tenure | Up to 15 years |
Processing Fees | Up to 2% of the loan amount + GST |
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Eligibility Criteria for Yes Bank Loan Against Property
To avail of a Yes Bank loan against property,
- be a salaried or self-employed resident.
- have a minimum annual income of Rs.3 lakhs if salaried, a minimum cash profit of Rs.4 lakhs if self-employed. The minimum turnover should be Rs.15 lakhs if a service provider, Rs.10 lakhs if a doctor and Rs.60 lakhs if a non-service provider.
- be a minimum of 23 years old in case income is considers and 21 years of age if income is not factored in.
- be a maximum of 60 years old (65 if self-employed) if income is considered and 70 years of age if income is not considered.
- have a minimum work experience of 3 years (in the same business or professional for self-employed individuals).
Know how much Yes Bank mortgage loan amount you qualify for!
Use the Fincity loan against property calculator to find out now.
Yes Bank Loan Against Property Interest Rate
Yes Bank LAP interest rates are directly dependent on external benchmarks set by the RBI. The borrower will be notified of any change in the external benchmark rate.
Yes Bank Processing Fee and Other Charges
Here’s a list of the processing charges a borrower can expect when they apply for a Yes Bank LAP.
Particulars | Charges |
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Loan Processing Charges (Non-Refundable) | Up to 2% of the loan amount (subject to a minimum of Rs.10,000) |
Login Fees (Non-Refundable) | Up to a maximum of Rs.10,000 |
Part-prepayment Charges | For individual borrowers: Nil For others:
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Foreclosure Charges | For individual borrowers: Nil
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Conversion/Switch Fees | 0.5% of the outstanding principal amount |
Late Payment Charges | 2% per month on the overdue amount |
EMI Cycle Date Change | Rs.500 per instance |
Cheque Bounce/Return Charges | Rs.750 |
Loan Cancellation Charges | Rs.5,000 per instance |
Cheque Swap Charges | Rs.500 per instance |
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Yes Bank Loan Against Property EMI Calculation
Fincity financial experts recommend that every borrower does their due diligence and conducts a thorough research of every LAP scheme that they shortlist. A part of this research is comparing the EMI amount applicable for each scheme. You can always use the Fincity Loan Against Property EMI calculator for quick results or connect with our financial advisors at lap@fincity.com to guide you towards the best path.
Documents Required for a Yes Bank Loan Against Property
Below is a list of documents required for a Mortgage Loan with Yes Bank.
Salaried | Self-employed |
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Note : Required documents must be self-attested and may slightly differ.
Yes Bank Loan Against Property (LAP) Benefits
With Yes Bank Loan Against Property, a borrower can avail of balance transfer and top-up facilities. Loan application process is easy, processing is fast and dropline overdraft facility is available for SMEs and seasonal businesses.
Find your dream mortgage rate now with free assistance of Fincity loan advisors.
Connect with financial experts at lap@fincity.com and have them help you find the perfect loans with the combined benefits of the lowest rates and the best terms.