Take a well-informed decision about the best home loan for you by comparing home loan interest rates from different banks, such as HDFC vs YES. Both these financial institutions offer competitive interest rates and attractive features which make it easier and faster to get a home loan approved and your dream home a reality. By understanding the differences and advantages of each, you can choose the right home loan for your requirements.
Here are the interest rates, processing fees, and other features such as loan amount and tenure of HDFC vs YES home loans:
|Compare||HDFC Bank Home Loan||YES Bank Home Loan|
|Interest Rate||8.60% p.a. onwards||8.95% p.a. onwards|
|Processing Fees||For salaried professionals and self-employed professionals: Up to 0.50% of loan amount or Rs.3,000, whichever is higher + taxes For self-employed non-professionals: Up to 1.50% of loan amount or Rs.4,500, whichever is higher + taxes||2% of loan amount or Rs.10,000, whichever is higher + GST|
|Retail Lending Rate||15.90%||LHPLR: 19.75%|
|Loan Amount||Contact the bank||Contact the bank|
|Loan Tenure||30 years||30 years|
|Eligibility||Resident Indian: Between 21 to 65 years of age||Resident Indians and NRIs: Salaried, self-employed, or professionals|
|Penal Interest Rates||24% p.a.||Up to 2% p.m. on defaulted instalment|
|Popular Home Loan Products||
Both HDFC and YES offer different home loan schemes with attractive interest rates. HDFC offers home loans starting at 8.60% p.a. with interest concession for women borrowers. There are also different variants of the home loan such as the two-year fixed rate variant and the adjustable-rate home loan. Interest rate on HDFC home loans also change with the quantum of loan applied for and other factors.
YES Bank home loans are based on the prime lending rate as well as the CIBIL Score of the app YES with interest rates starting at 6.70% p.a. for salaried individuals.
YES Bank home loans are based on the prime lending rate as well as the CIBIL score of the app YES with interest rates starting at 8.95% p.a. for salaried individuals.
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