YES Bank Home Loans

YES Bank Home Loan

9.35% - 10.50% p.a.


Processing Fee

Loan Amount
₹ -
1 - 25 Years


What are the applicable charges for the preclosure of the loan?

You don’t need to pay any prepayment/part-payment charges on home loans availed at floating rates. However, if you have availed the loan on fixed rates, a 2.5% charge on the principal outstanding will be levied.


Are there any additional charges associated with availing of YES Bank Home Loan?

Below-mentioned are the following charges levied to the customer on approval of applied loan –


Will I get my loan processing charges back if I cancel the loan after approval?

No, the charges paid for processing of the loan is non-refundable.


Can I change the date of my EMI cycle? If yes, what are the charges applicable?

Yes, the bank allows you to change the date of your EMI repayment cycle any time you want. The change in the date of EMI cycle will attract a charge of Rs. 500 on each request.


What is a Floating Rate Home Loan?

As the name implies, Floating Rate Home loans are offered at variable rate of interest, thus, the rate of interest changes after a certain period depending on the benchmark rates such as Base Rate/MCLR etc. decided by the bank.


What is Pre-EMI interest?

Before the full and final disbursement and commencement of EMI, you are allowed to pay interest only on the portion of the loan disbursed to you, which is called Pre-EMI interest. Pre-EMI interest is payable every month from the date of each disbursement up to the date of commencement of the EMI.


What are the tax benefits of home loans?

When you purchase a property using the financed amount the property becomes the security and the same is mortgaged to the Bank / Home Finance Company till the loan is repaid. Both principal as well as interest of home loans attract tax benefits.

As per Income Tax Act 1961 rules, the current applicable exemption under section 24(B) is Rs. 2 Lacs for the interest amount paid in the financial year and up to Rs. 1.5 Lacs (under section 80C) for the principal amount repaid in the same year. The same is subject to changes in the Income tax Act from time to time.