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  • YES Bank Home Loan Eligibility

    Yes Bank offers home loans to suit the requirements of the customers at affordable rates of interest. The home loans can be availed for a loan repayment tenure of up to 35 years. The bank offers loans of Rs.10 lakh to Rs.5 crore for the purchase, self- construction, improvement, and top-up of a house property. The rates of interest start at 8.95% p.a.

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    We found 1 YES Bank Home Loan eligibility
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    9.35% - 10.50% Floating
    Up to 2.00% One time fee
    -
    1 - 25 Years
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    Good to Know

    Yes Bank Home Loan Eligibility Criteria

    Age 23 years to 60 years
    Employment Type Salaried employees and self-employed individuals
    Minimum income for salaried employees Rs.25,000 per month
    Minimum income for self-employed individuals Rs.4 lakh per annum
    Work experience for salaried employees / self-employed individuals Minimum 2 years

    Yes Bank Home Loan Eligibility Based on Salary

    There are a number of factors on which the home loan eligibility dependent. You can use the home loan eligibility calculator of Yes Bank to find out the approximate loan amount that you will be eligible for. The figures mentioned will be based on the information that you provide.

    For the loan amounts listed in the table below, the loan repayment tenure is assumed to be 30 years and the rate of interest is assumed to be 8.95% p.a.

    Monthly Income Loan Amount
    Rs.25,000 Rs.12,49,517
    Rs.30,000 Rs.16,86,848
    Rs.35,000 Rs.19,67,989
    Rs.40,000 Rs.22,49,131
    Rs.45,000 Rs.25,30,272
    Rs.50,000 Rs.28,11,413
    Rs.55,000 Rs.34,36,172
    Rs.60,000 Rs.37,48,551
    Rs.65,000 Rs.40,60,930
    Rs.70,000 Rs.43,73,310
    Rs.75,000 Rs.46,85,689

    Note: The figures mentioned above are indicative and are based on certain assumptions. The figures are subject to change on the basis of other relevant factors such as the age of the applicant, etc.

    Yes Bank Home Loan Eligibility Based on Age

    The maximum repayment tenure for Yes Bank Home Loans is primarily dependent on the age of the applicant. Getting a home loan earlier will make you eligible for the longest loan repayment term. The following list shows the maximum loan repayment tenure that an applicant will be eligible for on the basis of his or her age.

    Applicant Age Maximum Eligible Tenure
    23 years 35 years
    24 years 35 years
    25 years 35 years
    26 years 34 years
    27 years 33 years
    28 years 32 years
    29 years 31 years
    30 years 30 years
    31 years 29 years
    32 years 28 years
    33 years 27 years
    34 years 26 years
    35 years 25 years
    36 years 24 years
    37 years 23 years
    38 years 22 years
    39 years 21 years
    40 years 20 years
    41 years 19 years
    42 years 18 years
    43 years 17 years
    44 years 16 years
    45 years 15 years

    Yes Bank Home Loan Eligibility Based on Credit Score

    Rating Credit Score
    Good 750 and above
    Average 600 - 750
    Poor Below 600

    Minimum CIBIL Score for Yes Bank Home Loan

    As mentioned in the table above, a higher credit score will help you avail a home loan at a lower rate of interest. A higher CIBIL score also strengthens the possibility of your home loan application being approved.

    Factors Affecting Yes Bank Home Loan Eligibility

    Some of the factors which affect the home loan eligibility of Yes Bank are listed below:

    • The age of the applicant
    • The credit score of the applicant
    • The repayment capability of the applicant
    • The credit history of the applicant
    • The loan repayment history of the applicant
    • Any other active loans for which the applicant is a co-borrower

    Yes Bank Home Loan Eligibility FAQ

    1. What is the maximum loan amount that can be borrowed under the Yes Bank Home Loan schemes?

      As an applicant for home loan, you can avail up to Rs.5 crore under the home loan scheme of Yes Bank. The loan amount will, however, be decided on the basis of your loan repayment capability and a few other factors and will be as per the discretion of the bank.

    2. Can I avail a Yes Bank Home Loan for the purchase of a new property?

      No, Yes Bank does not offer home loan for the purchase of a new property. The bank offers home loans for the purchase of a vacant land for construction as well as construction of a building on an existing piece of land. It also offers loans for the extension and renovation of existing properties.

    3. Is it possible to switch from a fixed rate of interest to a floating rate of interest for Yes Bank Home Loans?

      Yes, the bank allows its customers to switch from floating rates of interest to fixed rates of interest and vice versa for home loans. However, it should be kept in mind, that a fee of 0.5% of the balance principal amount is charged during the transition.

    4. Is it possible to apply for a Yes Bank Home Loan along with a co-applicant?

      Yes, you can apply for a home loan through Yes Bank along with a co-applicant to increase the chances of your loan application approval. In addition to that, you are likely to get a lower rate of interest as well on your home loan when you apply for a loan along with a co-applicant.

    5. What is the security that has to be provided by an applicant to be eligible for the Yes Bank Home Loans?

      In general, the housing property acts as a security in the case of home loans. The land or the building is mortgaged in this case.

      

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