YES Bank Home Loan

Headquartered in Mumbai, YES Bank is a prominent private sector bank in India that offers a wide range of financial products and services, and home loan is one of them. YES Bank home loan starts at 9.40% per annum and goes up to 10.25% per annum, depending on the scheme chosen by the borrower and other eligibility factors. The processing fee for a YES Bank housing loan is 1.5% of the loan amount or Rs. 10000, whichever is higher, and GST additional. YES Khushi home loan is one of the most popular offerings of the bank, with easy repayment options and affordable interest rates. The bank offers home loan schemes to salaried, self-employed, and NRIs.

YES Bank Home Loan EMI Calculator

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Total Amount Payable

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  • Total Interest

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YES Bank Home Loan Highlights

Get the lowest interest rates with YES Bank

Loan Amount Up to Rs. 10 crores
Rate of Interest 9.40% - 10.25% per annum
RPLR
Processing Fee

1.5% of the loan amount or Rs. 10000, whichever is higher + GST

Maximum Tenure for Repayment 35 years
Penal Rate of Interest
Rate Packages Fixed/ Floater
Charges for Prepayment/Foreclosure Floater- Nil | Fixed - 2.5% on the outstanding loan amount

YES Bank Home Loan Interest Rates in 2023

Banks offer home loans because they profit from these by charging a fixed interest on the total loan amount. YES Bank home loan interest rate starts at 9.40% per annum and goes up to 12.50% per annum for different home loan schemes. The table below enlists YES Bank Housing Loan interest rates 2023:

Loan Slab Interest Rate for Home Loan
YES Bank Regular Home Loan Scheme 9.40% - 10.25% per annum 
YES Khushi Home Loan Scheme 10.50% - 12.50% per annum 

Interest rates were last updated on 31st August 2023

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YES Bank Home Loan Eligibility Criteria

YES Bank has some pre-determined eligibility criteria for applicants seeking a home loan. These are based on the borrower's age, nationality, work experience and repayment capacity. The table below enlists the YES Bank home loan eligibility criteria for your reference:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 - 60 Years 21 - 60 Years
Nationality Indian Residents/ NRIs Indian Residents/ NRIs
Minimum Income Earned Nothing Specific Nothing Specific

YES Bank Home Loan Processing Fees and Charges

To process each home loan application, YES Bank charges a processing fee of 1.5% of the loan amount or Rs. 10000, whichever is higher and additional GST charges. The table below enlists the updated YES Bank home loan processing fees and charges for 2023:

Processing Fee

1.5% of the loan amount or Rs. 10000, whichever is higher + GST

Document Retrieval Charges

Rs. 500 per instance

Charges for Providing Document List (LOD)

Rs. 500 per instance

Login Fee

Rs. 5000

Cheque Bounce Charges

Rs. 750 per instance

Property Swapping Charges

0.1% of the loan outstanding subject to a minimum of Rs. 10000

EMI Cycle Date Change Charges

Rs. 500 per instance

Rate Package Conversion Charges
  • Floater to Fixed: 0.5% of the outstanding loan amount
  • Fixed to Floater: 1% of the outstanding loan amount
  • Higher Floater - Lower Floater: 0.5% of the loan outstanding loan amount
  • Higher Fixed - Lower Fixed: 1% of the loan o
Loan Cancellation Charges

Rs. 2000

Late Fee/ Penal Charges

As per the contractual rate for overdue amounts/ the period after 30 days grace period

Foreclosure Charges
  • Nil for floater plans
  • 2.5% on the outstanding amount for fixed-rate loans
Foreclosure Statement Charges

Rs. 100 per instance

No Objection Certificate (NOC)

Rs. 100 per certificate

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YES Bank Home Loan Schemes and Top Plans

YES Bank offers a wide range of home loan plans and schemes at various interest rates for salaried, self-employed, and NRIs.

1. Home Purchase Loan for New or Resale Property

  • Best home loan scheme for those keen to purchase a new home or resale property
  • Hassle-free and quick loan approvals
  • Maximum loan amount up to Rs. 10 crores

2. Plot Plus Construction or Self-Construction Loan

  • Ideal for borrowers who want to buy a plot and construct a home on it
  • Tailor-made home loans with maximum loan repayment tenure of 35 years
  • Low-interest rates

3. Home Improvement/ Renovation/ Extension/ Repair Loan

  • Ideal for those keen to renovate, extend or repair an existing home
  • Loan amounts starting at Rs. 10 lakhs up to Rs. 10 crores
  • Quick loan disbursal

4. YES Khushi Home Loan

  • Ideal for salaried, self-employed, and NRI applicants, but the co-applicant should be an Indian Resident
  • Minimum monthly income Rs. 9000
  • Flexible repayment options
  • Easy balance transfer option 
  • Quick top-up facility available

5. Balance Transfer Home Loan with Top-Up

  • Flexible balance transfer facility of home loans from other banks
  • Feature to avail Top-up facility
  • Quick approvals with minimum documentation

6. Top-Up Loan

  • Easy top-up facility on an existing home loan with YES Bank
  • Borrower should have a satisfactory repayment history
  • Offered to applicants who have applied for a home loan from YES Bank and not just only a top-up scheme

Note: All of the above home loan plans are made available to applicants solely at the discretion of YES Bank, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required For YES Bank Home Loan

YES Bank asks for a certain set of KYC documents to grant you home loans. Have a look at the YES Bank home loan documents required list and arrange for the same before applying for a housing loan:

Documents Required for Salaried Applicants

Proof of Income
  • Salary Slip for the last 3 months
  • Form 16
  • Bank Passbook or Statements for the last 6 months
  • Income Tax Returns for the last 2 years
Other Required Documents
  • Duly filled and signed application form
  • Passport-size photographs
  • Processing fee cheque in favour of YES Bank

Documents Required for Self-Employed Applicants

Proof of Income
  • Profit and loss account statements with audited balance sheet
  • Bank Passbook or Statements for the last 6 months
  • Income Tax Returns for the last 2 years
Other Required Documents
  • Duly filled and signed application form
  • Passport-size photographs
  • Processing fee cheque in favour of YES Bank

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof

Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card

Documents Related to Property
  • Sale Deed, Allotment Letter
  • Certificate of Occupancy
  • Payment receipts for payments made to the builder
  • Permission to construct
  • Copy of approved plan
  • Registered Development Agreement of the builder
  • NOC (No Object Certificate from the builder or the housing society)

Interest rates were last updated on 15 July 2023

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How to Apply for YES Bank Home Loan?

YES Bank is known for offering hassle-free home loans with minimum paperwork. An applicant can proceed with a YES Bank home loan apply procedure online by following the below-mentioned steps:

  • Proceed to the APPLY NOW section on the website - BASIC Home Loan
  • Fill in the form by entering your Name, Contact Details and Submit the form
  • The team from BASIC Home Loan will reach out to you to initiate a hassle-free Home Loan application process

Find YES Bank Home Loan Offices Near You

If you are planning to visit one of the offices of YES Bank Home Loan near you to understand the YES Bank Home Loan Offer in details and apply for the Home Loan, you can simply fill in the Free Consultation form and the team of BASIC Home Loan will reach out to you for needful assistance in the process.

Disclaimer:

For the latest Home Loan Interest rates and updates in Eligibility criteria, Home Loan offers, Home Loan application Fee and Charges, Required Documents and other FAQs related to Home Loans, please refer to the YES Bank official website.

FAQs

The current YES Bank home loan interest rate 2023 starts from 9.40% and might go up to 10.25% per annum. However, we suggest verifying the same from the bank's official website.

Borrowers can enjoy the following benefits of YES Bank home loans:

  • Attractive interest rates
  • Loan tenure of up to 35 years
  • Hassle-free home loans with minimum paperwork
  • Easy balance transfer facility 
  • Up to 100% Top-up to home loan rate for immediate funding
  • Doorstep service

Here are the eligibility criteria to apply for a YES Bank home loan:

  • Age - 21 years - 60 years
  • Nationality - Indian  Residents/ NRIs
  • Work Experience  - 2 years (Salaried)/ 3 years (Self-Employed)

YES Bank doesn’t charge any foreclosure fee for floater-rate home loans. It charges 2.5% on the outstanding loan amount for fixed-rate home loans.

An applicant can check the YES Bank home loan status by visiting the nearest bank branch and contacting the customer care representative. Alternatively, one can check the YES Bank home loan status online by visiting the bank’s official website. 

The maximum loan repayment tenure for a YES Bank housing loan is up to 35 years.

Yes, a borrower can apply for a home loan from YES Bank to purchase a new property. Besides, YES Bank also offers home loan schemes for renovation/improvement of an existing home, and for purchase of a plot.

A borrower can apply for a YES Bank home loan starting from Rs. 10 lakhs up to Rs. 10 crores. However, this depends on the eligibility criteria and plan chosen by the borrower.