About Yes Bank Home Loans

Recognized as the fourth largest private sector bank in India, Yes Bank was founded fairly recently (compared to other banking establishments) in the year 2004. Yes Bank had 1050 branches, 1724 ATMs and over 20,000 employees all across India, as of December 2017. The bank provides a wide range of financial products and services in the following sectors to its Indian customers: Retail Banking, Corporate
Finance, Commercial Banking, Financial Marketing, Corporate & Institutional Banking and Investment Banking.

Yes Bank offers customized home loan solutions to make it easier for people to build their dream homes. Their home loan services come equipped with flexible repayment options and a wide range of customer-centric features that make the entire property-buying process a hassle-free affair. Below you can find details on Yes Bank Home Loan eligibility criteria, features and applicable charges.

Home Loan Eligibility Criteria for Salaried / Self-Employed

Yes Bank Home Loan can be applied for by both salaried as well as self-employed professionals/nonprofessionals. In addition, you must be minimum 23 years old at the time of sanctioning of the home loan. The upper age limit is set at 60 years. More updated details related to Yes Bank Home Loan eligibility criteria, such as minimum income, qualification, tenure in current employment etc. have been provided below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

Yes Bank Home Loan Features / Details

Yes Bank promises a high loan amount at attractive interest rates, with a comparatively longer tenure of up to 35 years. You can even transfer any existing home loan (with another lender) to Yes Bank at a better rate. In addition, spouse can also be included in the home loan application as a co-applicant, enabling their income to be considered for eligibility criteria, thereby possibly increasing the quantum of the loan. However, it’s mandatory that all the co-owners of the property become co-applicants in the loan application. Following are updated and exact details related to the Yes Bank Home Loan features.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Yes Bank Home Loan Fees / Charges

Yes Bank Home Loan involves a processing fee of 0.5% of the sanctioned loan amount or a flat rate of INR 10,000, whichever is higher. There are no pre-closure or partial prepayment charges involved in home loans taken at a floating interest rate. Other pertinent charges such as cheque swapping charges, loan cancellation charges, amortization schedule charges, late payment charges, copy of no objection
certificate charges, cheque bounced charges etc. might apply depending upon the borrower’s requirement/s and other factors. Precise and up-to-date details related to all such charges have been provided below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees