A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    YES BANK Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.25% - 10.75% Floating
    Up to ₹11,500
    5L - 500L
    1-25 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria

    YES BANK Home Loan is Rated as "Excellent!" by 2 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Yes Bank Home Loans Overview:

    In today's fast paced world, everyone needs some private space at the end of the day to rest their body and mind. Buying your own house would ensure that you escape from all the house-hopping and also save that precious rent and security deposit. But, purchasing a property these days has become next to impossible, thanks to the mounting real estate prices. This is where home loans comes into play – you don’t have to burn up all your savings and can choose a comfortable tenure to repay.

    Yes Bank Home Loan will be your friend in need when you decide to buy a property. Yes Bank is the fifth largest private sector bank in India and has a nationwide presence with branches across 29 states and 7 union territories. Offered in Partnership with Dewan Housing Finance Corporation (DHFL), Yes Bank home loan services comes with a host of customer-centric features and flexible repayment options which will make your property-purchase, a hassle-free experience.


     

    You’re probably eligible for an YES Bank Home Loan if you are

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    YES Bank Home Loan Minimum Age

    At least 23 years old

     YES Bank Home Loan Maximum Age

    Less than 60 years old

    YES Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    YES Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your YES Bank Home Loan amount eligibility is based on these factors

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    YES Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    YES Bank Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    YES Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible YES Bank Home Loan amount by these steps

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    YES Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    YES Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 25 years

    YES Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an YES Bank Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:
      • Last 3 months salary-slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Education qualification certificate & proof of business existence
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

     

    YES Bank Home Loan Interest RatesUpdated on 27 Sep 2016

    YES Bank Home Loan Details
    Interest Rate 10.25% to 10.75%
    Processing Fees Upto Rs.11500
    Loan Tenure 1 Year to 25 Years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil
    Guarantor Requirement No Guarantor Required

    Features of Yes Bank Housing Loans:

    Yes Bank helps you realize your dream of purchasing your own house by offering the following features with home loans.

    • Yes Bank home loans are offered for self-employed professionals as well as salaried applicants.
    • High loan quantum ranging from Rs.5 lakhs to Rs.500 lakhs, Yes Bank offers the right loan amount as per the customer’s requirements.
    • With flexible tenures ranging up to 25 years, borrowers can choose a tenure that they are most comfortable with.
    • Yes Bank home loans can be used for purchasing a property under-construction, ready-to-occupy properties and complete properties.
    • Facility for balance transfer of home loans from other banks and finance companies is also offered.
    • Yes Bank also offers home loan services in partnership with Dewan Housing Finance Corporation (DHFL) for purchase of plot, under-construction flat and also loans for extension and renovation of property.

    Benefits of Yes Bank Home Loan:

    • Well distributed bank network with presence in all 29 Indian states
    • Competitive interest rates
    • Home loan protection plan and facility for balance transfer
    • Transparent processing and quick disbursal process
    • Expert guidance throughout the loan application process

    New YES Bank Home Loan Interest Rate:

    YES Bank offers its customers extremely low interest rates on home loans. The bank offers a floating interest rate of 10.25% on its home loans with zero charges and fees. This is the lowest interest rate the bank has offered in recent years. The interest rate of 10.25% is the lowest possible rate offered by the bank and is applicable to home loans of all tenures and is one of the more attractive features of Yes Bank home loan products.

    The effect of the interest rate can be better illustrated with the following example:

    Loan Amount Interest Rate Loan Tenure EMI (Easy Monthly Installment)
    Rs 1 lakh 10.25% 15 years Rs 1090
    Rs 1 lakh 10.25% 20 years Rs 982

    New MCLR Rate for YES Bank Home Loans:

    YES Bank recently set its MCLR rate for home loans at 9.60% per annum, which came into effect on April 1st 2016. YES Bank offers the following MCLR rates for home loans with the following tenors:

    Loan Tenor MCLR Rate
    Overnight 9.00%
    1 Month 9.10%
    3 Months 9.25%
    6 Months 9.40%
    1 Year 9.60%

    Yes Bank Home Loan EMI Calculator:

    Before you apply for a home loan, it is always advisable to assess your financial affordability. You will have to check your repayment schedule to see if the EMI fits your budget. Once you know where you stand in terms of your finances, you will not put your feet in deep waters by availing a huge quantum of loan. Manually calculating amortization for every year is a tedious process. Instead, use an online home loan EMI calculator to get all the details about repayment in an instant.

    On BankBazaar.com homepage, you will find “Home Loan EMI Calculator” under Finance Tools. You will just have to enter essential details like loan amount, tenure in years and interest rate. At the click of a button, the EMI calculator will project the monthly EMI and amortization details.

    Why apply for Yes Bank Home Loan through BankBazaar?

    You get the following solid advantages when you apply for Yes Bank home loan through BankBazaar.

    • Save Your Precious Time:

    With a myriad of home loan options available in the market, you will definitely have to invest a lot of personal time if you decide to manually go from bank to bank collecting brochures and information. That is why we have got everything lined up for you – find out the eligibility criteria, see details like interest rates and prepayment penalty and breeze through the other features at your own pace.

    • Compare and Shortlist:

    The key to finding the best loan product is comparing all options in the market and choosing the one that fits your requirements. With BankBazaar’s wizardry, you will have the best options in the market projected in front of you. All you have to do is answer a simple questionnaire and voila! What more – you can compare various home loan options and shortlist suitable offers.

    • Get Instant Quotes and Apply Online:

    Applying for Yes Bank home loan on BankBazaar is hassle-free and quick. With the 24/7 guidance of our support team, all your doubts and concerns will be duly answered.

    Also, with instant rate quotes and approvals, we will simplify your loan application process further.

    • Make Informed Decisions:

    What is the prepayment penalty? Do I need a guarantor? What documents do I have to provide? – Have you got a thousand questions on your mind? We have comprehensive details for every product which will help you make an informed decision.

    How to Apply for Yes Bank Home Loan through BankBazaar?

    Follow the steps given below to apply for Yes Bank home loan from them comfort of your home.

    • On BankBazaar.com homepage, select “Loans” from the menu at the top of the page.
    • From the drop down menu, choose “Home Loans” and also select “Yes Bank Home Loan” from the adjacent menu.
    • In the page that displays all details about Yes Bank home loans, you can check your eligibility and also check eligible loan amount.
    • Select the “Apply Now” option to get the application process started. All you have to do now is fill up a few details in the application form that is displayed.
    • After you have submitted the application, you will receive an e-approval from us. Your details will be transferred to Yes Bank for further processing and Yes Bank customer support team will get in touch with you as soon as possible.

    Also, you can login to BankBazaar anytime to view your application status and keep a track of your application through SMS and email alerts.

    FAQs for YES Bank Home Loans:

    1. Can I avail of a YES Bank home loan to perform renovations on my property?

    Yes. Home loans acquired through YES Bank can be utilized for extensions and renovations of any property such as a house or a flat, provided you already own it. This can include anything from construction of new rooms, repainting, acquisition and upgrade of furniture and fittings and much more.

    2. Will I be required to visit a YES Bank branch in order to apply for a home loan?

    While you can visit your nearest YES Bank branch to submit an application for a home loan, the bank also offers personalized services right to your doorstep, which is not only convenient but saves you time as well. YES Bank provides its customers with one on one counselling, wherein bank agents will walk you through the entire home loan application process in the comfort of your home.

    3. What are some of the charges or fees involved while applying for a home loan through YES Bank?

    YES Bank home loans do not come with any prepayment fees or charges. However, some of the other fees that may be levied are as follows:

    • Stamp Duty - Charges will be applied in accordance with the law of the state the applicant is residing in
    • Late Payment Fee - In the event of late payment of loan installments, 2% of the outstanding EMI will be charged as a fee on a monthly basis
    • Documentation Copy Charges - A fee of Rs 500 will be charged per document or advice copy
    • Switching charges - Should the applicant wish to switch from a floating rate to a fixed rate or vice versa, a fee equivalent to 0.5% of the remaining principal amount will be levied

    • Change in EMI Cycle - A processing fee of Rs 500 will be charged should the applicant wish to alter the EMI cycle

    News About Yes Bank Home Loans

    • YES Bank all set to launch product that offers affordable home loans

      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

      6th September 2016

       
    • Yes Bank Partners with BankBazaar for Selling Retail Loans

      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.

      BankBazaar News About Loan

      20th May 2016

    YES BANK Home Loan Reviews

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