YES Bank Home Loan Eligibility

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There are a number of factors on which the home loan eligibility is 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.

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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 of 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:

1. The age of the applicant
2. The credit score of the applicant
3. The repayment capability of the applicant
4. The credit history of the applicant
5. The loan repayment history of the applicant
6. Any other active loans for which the applicant is a co-borrower

A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Yes Bank Home Loan Eligibility

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

  As an applicant for a 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.

• Can I avail of 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.

• 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.

• 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.

• 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.