YES Bank is a full service commercial bank that offers corporate banking, investment banking and personal banking services across India. It is an Indian private sector bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004. It offers a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.
Yes Bank is one of the most renowned banks in India. It offers a competitive rate of interest starting at 9.60% to 10.55% per annum with quick loan processing. With the YES Bank home loan helps you realize your dreams without having to worry about financial constraints. It provides a wide ranging solution to customers to financing the purchase of home property. Yes bank home loan also avail for various home related purposes i.e. :
Home construction
Home Improvement
Home purchase
1. Availability of balance transfer facility
2. Special rates for women customers
3. Attractive and competitive rate of interest starts from 9.60% to 10.35% per annum.
4. Doorstep services provided to the customers
5. Long repayment tenure upto 35 years
6. No guarantor required
7. Quick loan processing
8. Nil part payment and pre closure charges
|
TYPE |
CHARGES |
|
Processing fee |
1% of the loan amount or Rs.10000 whichever is higher (GST Additional) |
|
Pre closure charges |
NIL |
|
Part payment charges |
NIL for floating rate loans 2.5% on the principal amount on fixed rate loans |
|
Late payment fee / Penal interest |
24% per annum i.e. 2% p.m. on the overdue installments |
|
Additional interest |
2% p.a. Over and above the applicable interest rate of the loan outstanding |
|
Cheque swapping charge / Repayment mode |
Rs.500 |
|
Cheque bounce / Return |
Rs.75 per instance |
|
Statement of account / Amortisation schedule (Physical mode of branch) |
Rs.100 per request |
|
Prepayment statement charges |
Rs.100 per request |
|
Duplicate no objection certificate |
Rs.100 per request |
|
Loan cancellation / Rebooking (Additionally stamping norms as per actually if applicable) |
Rs.2000 |
|
Legal, Incidental charges |
At actuals |
|
Document Retrieval charges |
Rs.500 |
|
EMI cycle date charges |
Rs.500 |
|
ELIGIBLE |
Salaried and self employed individuals |
|
AGE |
23 years to 60 years |
|
INCOME |
For salaried = Rs.25000 p.m. |
|
WORK EXPERIENCE |
For salaried employees 2 years |
|
BUSINESS STABILITY |
For self employed individuals 2 years |
1. Fully filled signed application form
2. Passport size photograph
3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id
4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id
5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited
6. For Self employed individuals / professionals = 2 years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.
|
BANKS |
INTEREST RATE |
|
Starts at 10.05% onwards |
|
|
Starts at 7.75% onwards |
|
|
Starts at 7.75% onwards |
|
|
7.75% to 9.40% |
|
|
Start at 9.55% onwards |
|
|
8.15% to 8.30% |
|
|
8.90% to 9.15% |
|
|
6.95% onwards |
|
|
7.40% onwards |
|
|
6.95% onwards |
|
|
6.95% onwards |
|
|
6.95% onwards |
|
|
6.95% onwards |
|
|
7.65% onwards |
|
|
7.90% onwards |
|
|
9.50% to 10.50% |
|
|
6.75% onwards |
|
|
10.45% onwards |
|
|
8.05% onwards |
|
|
7.45% onwards |
|
|
6.95% to 7.50% |
|
|
7.40% to 9.70% |
|
|
9.60% to 10.55% |
|
|
7.34% to 8.29% |
|
|
6.95% to 8.05% |
|
|
Starting at 8.71% |
|
|
7.80% to 8.80% |
|
|
9.75% to 10.05% |
|
|
8.55% to 8.655 |
|
|
11.005 to 11.505 |
|
|
8.00% to 15.00% |
|
|
6.85% to 7.75% |
|
|
6.85% to 7.755 |
|
|
6.90% to 8.90% |
|
|
7.55% to 8.40% |
|
|
Starting at 7.00% |
4. YES Bank Loan Against Property
There are two ways to apply for home loans from YES Bank :
1. Offline method : By visiting nearest bank branch
Online Method :
First of all first visit to official website of YES Bank
In retail section go to the “loans”
Now click in home loan
After that go to “Home loan”
Now click on apply now and fill application form
How to contact with YES Bank Home Loan :
1. By customer care contact number : 18001200 toll free number
2. By customer care email id : yestouch@yesbank.in
The following formula is used to calculate EMI of YES Bank Home Loan :
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
P stands for Loan Amount
R stands for Interest Rate
N stands for tenure in number of months
Financials products offered by Bank :
The minimum loan amount is Rs.10 lakh and maximum loan amount is Rs.5 crore provided by YES Bank for home loan.
The minimum interest rate is 9.60% and maximum interest rate is 10.55% provided by YES Bank for home loan.
Yes, age is an important factor to get a home loan from YES Bank. The minimum age of the customer is 23 years and maximum age of the customer is 60 years.
You can contact through customer care number and customer care email id for YES Bank.
The processing fee charged in YES Bank for home loan is 1% of the loan amount or Rs.10000 whichever is higher (GST additional).
The late payment charges or penal interest is 24% per annum i.e. 2% per month on the overdue installment charges of YES Bank for home loan.
You can apply offline by visiting the nearest bank branch or through online for home loan at YES Bank.
Last Updated on : 18/Aug/2020Know More About
You're eligible for a Yes Bank Home Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Yes Bank Home Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 9.6% - 10.55% |
| Processing Fees | 1% of the loan amount or Rs.10000 whichever is higher (GST additional) |
| Loan Tenure | 1 year to 35 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Home Loans EMI Calculator