The financial environment gives high value to house loans. Home loans are available at very cheap rates due to the growing real estate infrastructure and high demand for housing. For customers seeking a house loan, YES BANK offers a variety of options. It features a low-interest rate and a long repayment period of 35 years.
YES Bank offers house loans starting at 8.95% p.a. for loan amounts up to Rs 10 crore and tenures up to 35 years. It also provides Yes Khushi Home Loans starting at 10.25% p.a. to assure affordable homes to candidates with little or no income documentation and based on good banking habits.
Here is a list of characteristics that the YES Bank homes loans will have:
Here are the tables of the YES Bank home loan interest rates 2024 -
Minimum Yes Bank Home Loan Rate |
8.95% |
Maximum Yes Bank Home Loan Interest |
11.80% |
Minimum Yes Bank Housing Loan Interest |
10.25% |
Maximum Yes Bank Rate of Interest Home Loan |
12.00% |
For Salaried Employees
For Self-employed
Applicants who are not professionally employed but have a consistent source of income are also eligible for the Yes Bank Home Loan.
The mandatory documents that you need to have are-
You can either apply for the home loan online or offline. When you choose to apply for the loan offline, you can visit the closest branch of the bank. If it is an online procedure, you can visit the official portal and apply through the online application form provided on the site.
There is a processing fee that would be charged by the bank to the applicants:
Processing Fee - 2% or Rs. 10,000 (it excludes GST)
The different needs in home loans have brought about the need for different kinds of housing loans which are offered by YES Bank-
The motive of this loan is to buy a new home or resale property.
This is a low-interest housing loan program for candidates with little or no income evidence, with no restrictions on employment profile or industry. Yes, Khushi Home Loan is available for property areas ranging from 200 sq. ft. and up (including 1 RK or studio apartments or a big house). This house loan program can also be used to obtain balance transfers and/or top-up home loan services.
This is a scheme that is for construction or plot purchase.
This scheme is for the repair or renovation of the existing loan.
This is a home plan that is signed for self-employed professionals and self-employed non-professionals.
This is an additional loan on an already existing home loan.
This is for existing house loans transferred from other banks/financial institutions to YES Bank at cheaper interest rates.