YES Bank Home Loan Interest Rate

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 Home Loan

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.

Characteristics of the YES Bank Home Loan Scheme for Customers

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.

Yes Bank Home Loan Rate of Interest 2022

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

1) YES Bank Regular Housing Loan Scheme

Minimum Yes Bank Home Loan Rate

8.95%

Maximum Yes Bank Home Loan Interest

11.80%

2) YES Khushi Home Loan Scheme

Minimum Yes Bank Housing Loan Interest

10.25%

Maximum Yes Bank Rate of Interest Home Loan

12.00%

Who is Eligible for the YES Bank Home Loan?

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

What are the Documents Needed to Apply for the YES Bank Home Loan?

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.

How to Apply for a Home Loan from YES Bank?

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.

Charges of the Home Loan from YES Bank

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)

Types of YES Bank Home Loans

The different needs in home loans have brought about the need for different kinds of housing loans which are offered by YES Bank-

1) Home Purchase Loan Scheme

The motive of this loan is to buy a new home or resale property.

2) YES Khushi Home Loan Scheme

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.

3) Self-Construction Home Loan Scheme

This is a scheme that is for construction or plot purchase.

4) Home Improvement Loan Scheme

This scheme is for the repair or renovation of the existing loan.

5) Home Loan for Self-Employed Scheme

This is a home plan that is signed for self-employed professionals and self-employed non-professionals.

6) Top-up Home Loan Scheme

This is an additional loan on an already existing home loan.

7) Home Loan Balance Transfer Scheme

This is for existing house loans transferred from other banks/financial institutions to YES Bank at cheaper interest rates.

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