Yes Bank Home Loan: Interest Rate, Document, Processing & Customer Care

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YES BANK HOME LOAN 

About Yes Bank Home Loan :

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 

Benefits of YES Bank Home Loan :

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

Fees and Charges of YES Bank Home Loan :

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

Eligibility Required for YES Bank Home Loan :

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 

Documents Required for YES Bank Home Loan :

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.

Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of YES Bank :

1. YES Bank Car Loan 

2. YES Bank Business Loan 

3. YES Bank Home Loan 

4. YES Bank Loan Against Property

How to apply for YES Bank Home Loans :

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

How to calculator EMI of YES Bank Home Loan :

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 :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

YES Bank Home Loan Frequently Asked Questions :

1. What is the minimum and maximum loan amount provided by YES Bank for home loan?

The minimum loan amount is Rs.10 lakh and maximum loan amount is Rs.5 crore provided by YES Bank for home loan.

2. How much interest rate is 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.

3. Is age an important factor to get a home loan from YES Bank?

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.

4. How to contact YES Bank?

You can contact through customer care number and customer care email id for YES Bank.

5. What is the processing fee charged in YES Bank for home loan?

The processing fee charged in YES Bank for home loan is 1% of the loan amount or Rs.10000 whichever is higher (GST additional).

6. What are the late payment charges or penal interest on the overdue installments of YES Bank for home loan?

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.

7. How can I apply for home loans at Yes Bank?

You can apply offline by visiting the nearest bank branch or through online for home loan at YES Bank.

Last Updated on : 18/Aug/2020

Know More About

Yes Bank Home Loan

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

Yes Bank Home Loan Interest Rates

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

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959