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Yes Bank Yes Bank Home Loan
Interest Rate
9.35% - 13%
Processing Fee
0.50% - 1%
Loan amount
100000 - 3500000
Tenure
Home Loans for all, Salaried, Self-Employed and Pensioners.
Avail home loan with a maximum tenure of 35 years, offered in the industry.
Avail home loan with salary/income as low as Rs. 9,000 per month.

YES Bank offers home loan to all applicants irrespective of them being salaried or self employed. YES Bank provides loan to the maximum amount of upto Rs. 35 lacs at an annual interest rate of 9.35% per annum to 13% per annum. YES bank offers loan tenure of repayment is up to 25 years. YES Bank provides you door step service to serve better. Here, you can avail Balance Transfer Facility also. The processing fee charged by YES Bank is 0.50% to 1% of the loan amount and minimum of Rs. 10,000. YES Bank offers 3 type of home loans YES Bank Home Loan, YES Bank Khushi Affordable Home Loan and YES Bank NRI Home Loan. YES Bank also offers you home loan if you are earning a monthly income of Rs. 9,000 and above which can help you in taking home loan easily.

YES Bank Home Loan at a glance
Annual Interest Rate 9.35% - 13%
Loan Term 1 Year - 35 Years
Loan Amount Rs. 1 Lac - Rs. 35 Lacs
Pre-Closure Charges Zero to 2.5% of the outstanding amount

YES Bank Home Loan Rate of Interest


Home Loan Type Applicable Interest Rate
YES Bank Home Loan 9.35% - 10.50% per annum
YES Bank Khushi Affordable Home Loan 10.25% - 13% per annum
YES Bank NRI Home Loan 9.35% - 10.50% per annum

YES Bank Home Loan Eligibility


  • Age of a Salaried applicant should not be more than 62 years at the time of loan maturity.
  • Age of a Self-Employed applicant should not be more than 65 years at the time of loan maturity.
  • Applicant should have a minimum monthly income of Rs. 9,000.

YES Bank is a good fit for you if?


If You’re earning a monthly income of Rs. 9,000 or above

YES Bank offers home loans to those applicants who have the monthly income of Rs. 9,000 including the income of the spouse. Hence, it gets easy for the borrower to take the loan.

Why Choose YES Bank?


No Prepayment Charges on Floating Rate Loans

YES Bank has no prepayment charges applicable on home loans availed at floating rate of interest. Which means The YES BANK does not levy any foreclosure or pre- payment charges under the floating rate of interest.

Doorstep Service

YES Bank offers doorstep service to the borrower to help out in loan application and document collection. So you don’t need to bother for documentation things or going to bank.

Top-Up on Balance Transfer

YES bank also gives applicant the option of availing Balance Transfer facility. In this you can avail additional funds while transferring your existing home loan from other banks to YES Bank.

What to watch out for?


Processing Fee Amount not Entirely Refundable on Loan Cancellation

On loan cancellation YES Bank doesn’t refunds the processing fee charges . which means Rs. 7,500 out of paid Processing fee amount will not be refunded if you deny to take the disbursal.

Prepayment Charges on Fixed Rate Loans

YES Bank takes Prepayment charges equal to 2.5% of the principal outstanding amount which is only applicable only on home loans availed at fixed rate of interest.

High Processing Charges

YES Bank has very high processing charges. The Minimum processing charges a borrower has to pay is Rs. 10,000 regardless the home loan is as low as Rs. 1 Lac.

High Interest Rates

Interest rate for YES Bank Home Loan starts from 9.35% per annum as compared to other competing banks such as Canara Bank offering as low as 8.65% per annum and TATA Capital starting as low as 8.35% per annum.

Compare YES Bank Home Loans to Other Banks


Bank Name YES Bank Tata Capital Axis Bank
Typical APR 9.35% - 13% 8.35% - 915% 8.50% - 12.50%
Loan Term 1 Year - 35 Years 1 Year - 30 Years 1 Year - 30 Years
Maximum Lending Amount Rs. 35 Lacs Rs. 10 Crores Rs. 15 Crores
Processing Fee 0.50% to 1% of the loan amount 0.50% of the loan amount Up to 1% of the loan amount
Pre-Closure Zero to 2.5% of the outstanding amount Zero to 2% of the outstanding amount Zero to 2% of the outstanding amount

Coming to the comparison part, if we compare YES Bank with other banks then YES Bank provides you the maximum loan amount of Rs. 35 lacs at an annual interest rate of 9.35% per annum to 13% per annum, while Tata Capital Finance provides you Rs. 10 crores as the maximum loan amount at an annual interest rate of 8.35% per annum to 915% per annum and Axis provides the maximum loan amount of Rs. 15 crores at an annual interest rate of 8.50% per annum to 12.50% per annum. YES Bank offers you tenure to repay the loan amount from 1 year to 35 years, Tata Capital offers tenure of 1 year to 30 years while Axis Bank offers tenure for the repayment of loan amount from 1 year to 30 years.

The processing fee charged by YES Bank is 0.50% to 1% of the loan amount and minimum of Rs. 10,000 while Tata Capital charges you 0.50% of the loan amount as processing charges and Axis Bank charges you upto 1% of the loan amount and minimum of Rs. 10,000 as processing fee. YES Bank pre closure charges are zero to 2.5% of the outstanding amount , Tata Capital charges you zero to 2% of the outstanding amount as pre closure charge and Axis Bank also takes zero to 2% of the outstanding amount as pre closure charges.

Loan Offerings


YES Bank Home Loan

YES Bank Home Loan provides you Home Loan for Purchase a house and renovation and repair of your home. YES Bank gives Home loan for both Self-Employed and Salaried. YES Bank Home Loan provides you loan at minimum amount of Rs. 1 lac and maximum of Rs. 35 lacs at an annual interest rate ranging from 9.35% to 10.50% per annum. YES Bank offers tenure to repay the loan amount of up to 35 years.

YES Bank Khushi Affordable Home Loan

In YES Bank Khushi Affordable Home Loan you can avail funds from minimum Rs. 1 Lac up to Rs. 35 Lacs where property value is up to Rs. 45 Lacs at locations with 10 Lacs or above population. And can also avail funds from minimum Rs. 1 Lac to up to Rs. 25 Lacs where property value is up to Rs. 30 Lacs at locations with less than 10 Lacs population. YES Bank Khushi Affordable Home Loan provides home loans for purchase of ready property, under-construction, resale, plot plus construction, repair, renovation, extension, improvement, self construction ,top up loans (in case of Balance Transfer) and Balance Transfer. The interest rate charged by YES Bank Khushi Affordable Home Loan ranges from 10.25% per annum to 13% per annum. And the tenure to repay the loan amount is up to 35 years for salaried and maximum 30 years for self-employed.

YES Bank NRI Home Loan

YES Bank NRI Home Loan provides Home Loan for Purchase a house and renovation and repair of your home for both Self-Employed and Salaried. At an interest rate ranging from 9.35% per annum to 10.50% per annum. YES Bank NRI Home Loan offers tenure to repay the loan for upto 35 years.

YES Bank Home Loan Documentation


Document required for Salaried:

  • Copy of PAN Card or Form 60.
  • Last 2 years Salary Slip along with Form 16 / ITR.
  • Last 6 months bank account statement where salary is being credited.
  • Loan Application with Aadhar ID, KYC Details and photograph.

Document required for Self-Employed:

  • Copy of PAN Card or Form 60.
  • Last 2 years ITR along with computation of total income, audited Balance Sheet and Profit & Loss account including tax audit report if applicable and proof of turnover vide latest sales / service tax returns.
  • Qualification Proof.
  • Last 6 months statement of business account.
  • Loan Application with Aadhar ID, KYC Details and photograph.

Documents required for Salaried NRIs:

  • Proof of Identity and Signature.
  • Proof of Address (Office and Residence)
  • 2 Latest salary slips and IT Returns / Form 16 for last 2 years.
  • Last 6 months bank statement of salary / main operating bank account
  • Details of all existing loans.
  • Copies of all property documents.

Documents required for Self-Employed NRIs (Professionals):

  • Proof of Identity and Signature.
  • Proof of Address (Office and Residence).
  • Last 2 years IT Returns with computation of income, audited Balance Sheet and Profit & Loss account including tax audit report if applicable and proof of turnover vide latest sales / service tax returns.
  • Last 6 months bank statement of salary / main operating bank account.
  • Details of all existing loans.
  • Copies of all property documents.

Documents required for Self-Employed NRIs (Businessmen):

  • Proof of Identity and Signature.
  • Proof of Address (Office and Residence).
  • Last 2 years IT Returns with computation of income, audited Balance Sheet and Profit & Loss account including tax audit report if applicable and proof of turnover vide latest sales / service tax returns.
  • Last 6 months bank statement of salary / main operating bank account.
  • Details of all existing loans.
  • Copies of all property documents.

Additional Documents in case of Partnership Firms:

  • Partnership Deed.

Additional Documents in case of Private / Public Limited Company:

  • Memorandum & Article of Association and List of Directors & Shareholder.

How to Apply for YES Bank Home Loan?


At Paisa

  • Check the loan offer which is best for you and click on apply now.
  • Fill the required details.
  • Choose the loan you want to take.
  • Submit the details.

At YES Bank

  • Visit the nearest branch of the bank along with the loan application form.
  • Click here to download application form to apply at YES Bank. For NRIs, click here to download the application form.
  • Fill up the mandatory details.
  • Submit your details.

After I Apply?


Check Home Loan Status through customer care

  • Call on 1800-419-1717 and wait for the IVR instructions.
  • They will ask you if you want information on retail press 1 if for loans press 2.
  • And they will transfer your call to customer care executive.

Once I'm Approved?


Check Loan Agreement Letter

  • Check the envelope received from YES Bank for loan agreement letter. Click here to check a sample loan agreement letter.
  • Read the loan agreement carefully, especially the interest rates and tenure etc. Make sure it is same as you have discussed with the bank earlier.
  • Sign the loan agreement if you agree with all the terms mentioned in the loan agreement. If not, then contact the bank regarding the initial request.
  • Submit the loan agreement to the bank.

Fees & Charges


Type of Charges Applicable Amount
Processing Charges 0.5% of the loan amount for regular Home Loan
1% of the loan amount for Khushi Affordable Home Loan
Foreclosure Charges Nil for Floating Rate Loans
2.5% of the balance amount for Fixed Rate Loans
Part-payment Charges
Allowed once in a year
Nil for Floating Rate Loans
2.5% of the balance amount for Fixed Rate Loans
Penal Charges 2% per month on the overdue amount
Swap Charges Rs. 500
EMI Bounce Charges Rs. 750 per instance
Account Statement Charges Rs. 100 per request
Prepayment Statement Charges Rs. 100 per request
Duplicate NOC Rs. 100 per request
Loan Cancellation / Rebooking Charges Rs. 2000
Interest Rate Switching Charges 0.5% of the balanced amount for switching from floating to fixed rate loans
1% of the balanced amount for switching from fixed to floating rate loans
Conversion Charges 0.5% of the balanced amount for switching from high floating interest rate to low floating rate
1% of the balanced amount for switching from high fixed interest rate to low fixed rate
EMI Cycle Date Change Rs. 500

YES Bank processing fee charges for home loan are 0.5% of the loan amount and Minimum of Rs. 10,000. And for Khushi Affordable Home Loan processing charges are 1% of the loan amount and minimum of Rs. 10,000. YES Bank takes nil foreclosure charges on floating rate loans and 2.5% of the balance amount for fixed rate loans. The are nil part payment (allowed once in a year) charges for floating rate loans and 2.5% of the balance amount for fixed rate loans. YES Bank takes penal charges of 2% per month on the overdue amount.

YES bank take rs. 500 as swap charges and Rs. 750 per instance as EMI bounce charges. The account statement charges, prepayment statement charges and Duplicate NOC charges charged by YES Bank are Rs. 100 per request. Loan cancellation/rebooking charges charged by YES Bank are Rs. 2000. YES Bank takes interest rate switching charges as 0.5% of the balanced amount for switching from floating to fixed rate loans and 1% of the balanced amount for switching from high fixed interest rate to low fixed rate. If you want to change EMI cycle date then Rs. 500 is charged.

FAQs


YES Bank Customer Support?

You can call on 1800-419-1717 or can email us at [email protected]. You can write us at YES BANK Limited, 48, Nyaya Marg, Chanakyapuri, New Delhi - 110021, India.

Who can be my co-applicant for home loan?

All co-owners of the property being mortgaged must be the co-applicant in the loan application. Apart from it, your spouse can be your co-applicant.

What are the projects approved by YES Bank?

Check here the list of approved projects by YES Bank.

What is the minimum size of property are for which I can avail funds?

Minimum 200 sqft under Khushi Affordable Home Loan.

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