Yes Bank
Home Loan

Let’s take a snapshot of Yes Bank Home Loan:

You can also Apply for Indiabulls Home Loan and check EMI, Interest rate and Eligibility Online.

Some of the notable features and benefits of Yes Bank Home Loan are:

• Loan amount: Up to 90% of property value.
• Yes Bank Home Loan Interest Rates range from 9.40% - 10.25% per annum.
• Repayment tenure: Up to 35 years
• Yes Bank Home Loan Processing Fees is nominal. It can go up to 1.50% of the loan amount. The fee is minimum of Rs 10000.
• Lowest EMI possible: Rs. 814 per lakh
• Type of home loans include Home Purchase Loan, Home Improvement Loan, Home Loan Top-up, Home Loan Transfer, and Home Loan for Self-employed.
• Borrow as per needs, i.e. anywhere between  10 Lakhs to  5 Crores as per eligibility.
• Standard tax benefits under Section 24(b) and 80C of the Income Tax, 1961
• Home Loan Balance Transfer facility
• Longest loan repayment tenure
• Zero loan prepayment charges for floating rate Home Loan
• Doorstep services

Looking for 50 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now!

Current Yes Bank Home loan interest rates start from 9.40% - 10.25% p.a. for a maximum tenure of 35 years. The rate applies across the product range, irrespective of the ticket size. Processing fee will be up to 1.50%, capped maximum at Rs 10,000.

Check Best Home Loan Interest Rates starting @8.50% from different banks and NBFCs

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Yes Bank Home Loans are available as YES KHUSHI - Affordable Home Loans and Yes - Regular Home Loans.

These two loans are further categorised into the following five different types:

• Home Purchase Loan: This loan can be availed to the purchase a new home or property.
• Home Improvement Loan: This Home Loan variant can be availed for repair and renovation of your existing home.
• Home Loan Top-up: This loan can be availed by the eligible existing Home Loan customers to help them secure additional funding at existing Home Loan interest rates along with existing Home Loan on the same property.
• Home Loan Transfer: This loan helps existing Home Loan customers to balance transfer their Home Loan from other banks or Housing Finance Companies to Yes Bank.
• Home Loan for Self Employed: This tailor-made Home Loan is made for self-employed professionals and non-professionals.

Here are the details of processing fees and all other charges associated with YES Bank Home Loan:

YES Bank offers Home Loans to salaried individuals, self-employed professionals and NRIs. The eligibility criteria for YES Bank Home Loans are as follows:

• Individuals must be salaried or self-employed
• The applicant's minimum age at the time of loan application must be 21 years.
• The maximum age of the applicant at the time of loan maturity must not be above 65 years.
• A salaried applicant must have a minimum work experience of 2 years.
• The self-employed applicants must have minimum business stability of 2 years.
• It is possible to increase your likelihood of getting a Home Loan sanctioned by YES Bank if you make your spouse or parents as co-applicant, as their income increases your loan eligibility.

Factors Affecting YES Bank Home Loan Eligibility

Here are a few factors that affect your eligibility for YES Bank Home Loan:

Employment Status: YES Bank offers Home Loans to both salaried as well as self-employed individuals. It is one of the crucial aspects considered to determine your loan eligibility.

Income: Your gross monthly income plays a major part in evaluating your overall Home Loan eligibility. Applicants with high gross monthly income and lesser monthly financial obligations have higher chances of having higher loan eligibility.

Co-applicant: To increase your loan eligibility and get a higher loan amount, a lot of applicants apply with a co-applicant. However, this increase in loan eligibility depends on your co-applicants’ monthly income, employment status, and monthly obligations.

Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?

The basic documents required for Yes Bank Home Loans are as follows:

• Application form- duly filled
• 3 latest passport-sized photographs
• Identity proof: PAN Card (mandatory for loan amount above Rs 10 Lakhs) and Driver's License/ Voter's ID/ Aadhaar Card/ Passport.
• Residence Proof: Driver's License/ Registered Rent Agreement/ Aadhaar Card/ Passport/ Ration Card/ Voter ID.
• Last 1 year's loan account statement along with sanction letter (if any previous loan is active).
• Proof of assets held: LIC/ KVP/ NSC/ PROPERTY/ MF
• Assets and liabilities statement
• ITR Verification Report

YES Bank Home EMI amount can be computed using the MyMoneyMantra; EMI Calculator. You need to fill loan parameters: loan tenure, loan amount, the proposed interest rate to Calculate the Yes Bank Home Loan EMI.

As you submit the loan details, you can get the EMI and interest part. Get access to Home Loan EMI Calculator.

You can contact YES Bank Customer Care at the following Toll-Free number:

1800-419-1717

Or

SMS YES HL to 9223390909

YES Bank has a YES Robot that will tend to your queries and doubts as and when required. It is a chat-based automated channel and answers any types of FAQs that you may have. The customer care department is also available round the clock and can be contacted through the toll-free number available above.

You can also check Home Loan Customer Care Number of multiple banks.