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  • YES Bank Home Loan

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  • 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. 

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    We found 1 YES BANK Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.35% - 10.50% Floating
    0.5% (Min. ₹ 10,000)
    -
    1-25 years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know

    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.

    YES Bank Home Loan – Best for Saving Tax

    Key Highlights
    • Competitive interest rates starting from 9.85% p.a.
    • Loans ranging from Rs.10 lakh to Rs.5 crore
    • Subsidised rates under the PMAY scheme
    • Enjoy tax benefits with this scheme
    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

    YES Bank Home Loan EMI Calculator

    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.

    YES Bank Home Loan Eligibility Criteria

    Age 21 years to 60 years
    Type of Employment Salaried or self-employed
    Work Experience/Business Stability 2 years

    Documents Required

    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

    YES Bank Home Loan FAQs

    1. Is the home loan facility meant only for purchasing a property?
    2. 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.

    3. Can I switch from a fixed rate to floating rate loan?
    4. 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.

    5. Can I link my YES Bank Home Loan to PMAY (Pradhan Mantri Awas Yojana)?
    6. 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.

    7. How much tax benefit can I get with this scheme?
    8. 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.

    9. What’s the minimum amount that I can get as financing?
    10. You can take a minimum loan of Rs.10 lakh.

    11. Can I have a co-applicant while signing up for a loan?
    12. 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.

      

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    YES BANK Home Loan Reviews

    • YES Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the home loan with the YES BANK since from last 5-6 months. The documentation process was simple and easy and went to bank and submitted the documents. I got the loan amount within 15days. The loan amount was good. Rate of interest was higher 9.7%.
      Was this review helpful? 1
      , pune
      Reviewed on Apr 28, 2019
    • YES Bank
      YES Bank Home Loan
      "Worst service. Executive make fake promise"
      0.5 0.5/5 "Unacceptable"
      Yes bank has no hold on his executives, and seniors are too busy to listen you. Worst service for customers. before taking home loan just take everything in written. Application for home loan interest subsidy took 12 months to be applied...! Yes bank executive did not applied on behalf of me as promised, while my friend from different bank received the subsidy amount in a year. Strictly avoid Yes Bank.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 29, 2019
    • YES Bank Home Loan
      "Worst Service by Yes Bank - Strictly Avoid Yes bank"
      0.5 1.5/5 "Bad"
      I personally recommend not to take any loan service from Yes Bank. Their team believes in giving 'no reply' to customer. I am eligible for Interest Subsidy, but still not received it after 9 months. Bank is not helping in anyway and just making bluffs. Plz Avoid.
      Was this review helpful? 4
      , new delhi
      Reviewed on Sep 15, 2018
    • YES Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have done a home loan transfer from Yes Bank and it was a very good loan experience. The loan amount was for Rs 5.5 lakhs with the rate of interest of 8.55% which is nominal when compared to all other banks. The process was quite long and it took 1.5 months for the process to be completed. I pay an EMI of Rs 6866 and the processing fees they charged is Rs 5900. Customer service was good and they collected documents through door step. The tenure of the loan is 10 years.
      Was this review helpful? 4
      , rajkot
      Reviewed on Dec 28, 2017
    • YES Bank Home Loan
      "Great effective"
      0.5 4.0/5 "Great!"
      YES Bank approved 80% of loan on the property price, my principal amount was around Rs.40 lakhs for the tenure 25 years. Yes bank gave me balance transfer, part payment and preclosure option.I could check the loan transaction through netbanking.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 05, 2017
    • YES Bank Home Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I got the housing loan with the Yes bank before and the rate of interest was more. Foreclosure charges were nil with them and I have made foreclosure because of their interest rate. Good part was their processing charges, which was nil.
      Was this review helpful? 2
      , kolkata
      Reviewed on Apr 10, 2017
    • YES Bank Home Loan
      "Fast process"
      0.5 4.0/5 "Great!"
      It was a fast process with YES Bank for the home loan. The services was good. They collected my documents on time. The entire process was completed within ten days. The rate of interest was of 10.76%. The processing charges were around 2%. In short it was a good experience.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 13, 2016
    • YES Bank Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was very prompt services from Yes Bank. The process was very fast for my home loan. I received the loan within 15 days. The response was quick. They offered a reasonable rate of interest. The processing charges was satisfactory from them when compared to other banks.
      Was this review helpful? 8
      , bangalore
      Reviewed on Sep 25, 2015
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