Yes Bank is offering home loan at attractive interest rates starting from 9.35% p.a. 10.50% p.a. to customers. processing fee is 2% 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 .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.
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Manage your finances in a better way by calculating your EMI (equated monthly instalment) beforehand. You can use 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.
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.
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