YES Bank Home Loan Interest Rate

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:

• The loan amount is up to 90% of the property's value.
• The annual interest rates for Yes Bank home loans range from 8.95% to 11.80%.
• Duration of repayment: up to 30 years
• Yes, Bank Home Loan Processing Fees are negligible. It can reach a maximum of 1.50% of the loan amount. The charge is set at a minimum of Rs 10000.
• The lowest potential EMI is Rs. 801 per lakh.

Here are the tables of the YES Bank home loan interest rates 2024 -

For Salaried Employees

• The applicant must be of Indian origin.
• The individual needs to be between the ages of (Minimum) 18 and (Maximum) 65.
• Working experience and a legal source of income, such as working for the same job for at least one year, are required.

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. 

• This includes anyone who is a:
• Contractor 
• Trader 
• Commission agent

The mandatory documents that you need to have are-

• ID Proof - Aadhaar, PAN, License and more.
• Address Proof - Passport, utility bill, rental agreement, etc.
• Age Proof - Birth certificate, voter ID or Aadhaar.
• Processing Fee Cheque
• Income Proof - salary slips, ITR of last year, bank statement, P/L statement or balance sheet.

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.