Loading your search...
Yes Bank is offering home loan at attractive interest rates to customers. The interest rate ranges from 9.85% to 12% and the processing fee is 1% of the loan amount. The loan availed from the lender can be repaid within 35 years. In addition to regular home loans, the bank offers loan under the PMAY scheme.
YES Bank offers home loans of up to Rs.5 crore for both salaried and self-employed individuals at attractive interest rates starting from 9.85% p.a. You have the flexibility to extend the tenure up to 35 years to reduce your monthly instalment amount. The processing fee applicable is 2% of the loan amount plus GST or Rs.15,000, whichever is higher.
| Interest Rate | 9.85% p.a. to 12% p.a. |
| Processing Fee | 2% of the loan amount plus GST or Rs.15,000, whichever is higher |
Manage your finances in a better way by calculating your EMI (equated monthly instalment) beforehand. You can use BankBazaar Home Loan EMI Calculator to compute your monthly instalment. It’s a fairly simple process. All you need to do is enter all the required details pertaining to your loan, including the tenure, amount, interest rate, and processing fee. Hit the “calculate” button to know the instalment amount. You can also check the amortisation table giving you a complete breakdown of your payment schedule.
| Age | 21 years to 60 years |
| Type of Employment | Salaried or self-employed |
| Work Experience/Business Stability | 2 years |
| Salaried | Self-Employed |
|---|---|
• Application with a passport size photograph • Aadhaar card • KYC details • PAN card or Form 60 • Last 2 years’ salary slips • Form 16/IT returns • Last 6 months’ bank statements |
• Application with a passport size photograph • Aadhaar card • KYC details • PAN card or Form 60 • Last 2 years’ IT returns with computation of income • Profit and loss account statements along with audited balance sheet • Qualification proof • Last 6 months’ bank statements |
No, you can also use this home financing scheme to repair or renovate your existing house. This may include adding new rooms to the existing ecosystem, repainting, and buying new furniture, among others.
Yes, you can switch from fixed rate to floating rate loans and vice versa. However, a fee of 0.5% of the existing principal amount will be levied. Note that, no charges will be levied if you plan to switch from base rate to MCLR (Marginal Cost of Funds-based Lending Rate) or vice versa.
Yes, you can link it to the PMAY scheme provided you are eligible. If eligible, you can get subsidised rates based on the category you belong to.
The amount that can be claimed is capped at Rs.1.5 lakh. The currently applicable tax exemption under section 24(b) is Rs. 2,00,000, as per the Income Tax Act 1961 rules. However, note that this may change as per the Income Tax Act.
You can take a minimum loan of Rs.10 lakh.
Yes, you can have a co-applicant for the loan. You can have your spouse as a co-applicant. If your spouse is earning, his/her income can be added to increase the loan amount.
YES bank has announced the launch of its affordable home loan line aptly named YES KHUSHI. The bank which happens to be the fifth largest private sector bank in the country aims to provide affordable housing loans to the common man through this product. The product is set to be introduced through planned phases. While the first phase aims to bring the product to 350 branches targeting tier 2 cities and peripheral metropolitan areas, the goal will be to target 7500 households within the first year and attain a number of 50,000 households by 2020
6 September 2016
India’s leading private sector bank, Yes bank has partnered with BankBazaar for selling retail loan products on the latter’s online platform. Yes bank hopes to catch up with the fast growing trend of borrowers using online tools and resources to apply for credit cards and loans. BankBazaar will feature home, personal and car loans offered by Yes bank on its website.
These loan products will be available on the portal by the end of May after integration. A leading fintech company with fast growing presence in the personal finance space online, BankBazaar gets a little over 9 million visitors a month. It has partnered with over 85 banks and financial institutions to provide customized loan deals to borrowers across the country.
20 May 2016
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Home Loan
Home Loan
Home Loan
Home Loan
Home Loan
Home Loan
Home Loan
Home Loan
