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
Get Yes Bank Loan Against Property

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
Interest RateAs per Terms & Conditions (Based on External Benchmark prescribed by RBI)
Loan AmountUp to Rs.15 Crores
Loan TenureUp to 15 years
Processing FeesUp 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,

An Applicant must:
  • 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.

Check Eligibility

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.

ParticularsCharges
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: 

  • No part-prepayment allowed for first 12 months from the date of loan disbursal 
  • Post 12 months, prepayment of up to 20% of the outstanding loan amount: Nil 
  • Prepayment of more than 20%: 4% of the amount being repaid 
Foreclosure Charges

For individual borrowers: Nil
For others: 

  • Foreclosure not allowed for first 12 months from the date of loan disbursal 
  • Post 12 months, foreclosure charges at 4% of the outstanding principal amount 
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.

Calculate your Loan Against Property EMI

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 
  • Duly filled in and signed application form with photograph 
  • Duly filled in and signed application form with photograph 
  • Identity, Address and Age Proof: Aadhaar, PAN, Passport, Voter ID, Driving License 
  • Identity, Address and Age Proof: Aadhaar, PAN, Passport, Voter ID, card, Driving License 
  • Income Proof: Last 3 month’s salary slip, Bank statements of past 3 months, Form-16 of last year or latest Income Tax Return (ITR) 
  • For Individuals: Last 2 years’ ITRs, audited Balance sheet, Profit and loss account and proof of turnover 
  • For Businessman/SME Enterprises: Last 2 years’ ITRs, audited Balance Sheet, and Profit and loss account 
  • Proof of total work experience 
  • Business continuity proof of 3 years 

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.

Get Yes Bank Loan Against Property (LAP) at Best Rates