Disclaimer: YES Bank is not a Paisabazaar partner for home loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to YES Bank for home loans. No offers/services from YES Bank are being provided by Paisabazaar for home loans. For further information about YES Bank for home loans, users are required to reach out directly to YES Bank.
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YES Bank Home Loan Highlights |
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| Interest Rate | 9.00%-13.75% p.a. |
| Loan Amount | Rs 10 lakh-Rs 10 crore |
| Loan Tenure | Up to 35 years |
| Processing Charges | Up to 2% or Rs. 10,000 (whichever is higher) + GST |
| Minimum Income | For Salaried: Rs 20,000 per month
For Self-Employed: Rs 4 lakh p.a. For YES Khushi Home Loan: Rs 9,000 per month |
Note: Rates as of 6th November 2024
Check Home Loan Interest Rates Offered by Top Lenders Click Here
Table of Contents
YES Bank Home Loan Interest Rates
YES Bank home loan interest rates start from 9% p.a. onwards. The lender offers differential interest rates depending on the type of home loan schemes offered to its home loan applicants.
YES Bank Regular Housing Loan
| Minimum Interest Rate | 9.00% p.a. |
| Maximum Interest Rate | 12.00% p.a. |
YES Khushi Home Loan
| Minimum Interest Rate | 9.95% p.a. |
| Maximum Interest Rate | 13.75% p.a. |
Compare Home Loan Interest Rates for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
YES Bank Home Loan Processing Fee and Other Charges
| Particulars* | Charges/Fee |
| Processing Fee | 1.5% or Rs. 10,000 whichever is higher (Rs. 7,500 is non-refundable in case the disbursal has not been availed) |
| Part-Payment/Pre-payment/Loan Pre-closure/Foreclosure Fees | Nil for floating rate loans 2.5% on the principal outstanding for fixed-rate loans |
| Late Payment Fees / Penal Interest Rate (Default Interest Rate) | 24% per annum i.e. @2% per month on the overdue instalment(s) |
| Additional Interest | 2% p.a. over and above the applicable interest rate on the loan outstanding |
| Repayment Mode / Cheque Swap Charges | Rs. 500 |
| Cheque Bounce / Return Charges | Rs. 750 per instance |
| Statement of Account /Amortisation Schedule (on registered e-mail id) | Nil |
| Statement of Account /Amortisation Schedule (Physical mode or via Branch) |
Rs. 100 per request |
| Prepayment Statement Charges | Rs. 100 per request |
| Duplicate No Objection Certificate (NOC) | Rs. 100 per request |
| Loan cancellation/Rebooking | Rs. 2,000 (additionally franking/stamping norms as per actuals, if applicable) |
| Legal, Repossession & Incidental charges | At actuals |
| Document retrieval charges (per advice) (Photocopy/scanning, etc.) | Rs. 500 |
| Switch charges (Floating to prevailing fixed rate only if the same is permitted by the bank at the time of request) | 0.5% of the outstanding loan amount |
| Switch charges (Fixed to prevailing floating rate only if the same is permitted by the bank at the time of request) | 1% of the outstanding loan amount |
| Conversion charges (Higher Floating rate to lower floating rate, only if the same is permitted by the bank at the time of request) | 0.5% of the outstanding loan amount |
| Conversion charges (Higher Fixed rate to lower Fixed-rate, only if the same is permitted by the bank at the time of request) | 1% of the outstanding loan amount |
| EMI cycle date change | Rs. 500 |
| Equitable Mortgage Creation Charges/Stamp Duty | At actuals as per state laws applicable from time to time |
* Goods and Services Tax (GST) as applicable will be levied in addition to the mentioned charges.
Types of YES Bank Home Loan
Home Purchase Loan
Purpose: For purchase of new home or resale property
Self-construction Home Loan
Purpose: For home construction or plot purchase and construction thereon
YES Khushi Home Loans
Purpose: This is an affordable housing loan scheme for applicants with minimal or no income proofs, without any restrictions on job profile or industry. YES Khushi Home Loan is provided for property areas starting from 200 sq.ft. onwards (including 1 RK or studio apartments or a big house). This home loan scheme can also be used for availing balance transfer and/or top-up home loan facilities.
Loan Amount: Rs 1 lakh onwards
Minimum Monthly Income: Rs 9,000
Home Loan for Self-Employed
Purpose: Home loan scheme specially designed for self-employed professionals and non-professionals
Home Improvement Loan
Purpose: For repair/renovation of existing home
Top-up Home Loan
Purpose: Additional loan on already existing home loan
Home Loan Balance Transfer
Purpose: For transfer of existing home loans from other banks/financial institutions to YES Bank at lower interest rates.
Transfer your Home Loan to Top Lenders at Lower Interest Rates Click Here
Eligibility Criteria for YES Bank Home Loan
- For salaried individuals, self-employed individuals and NRIs
- Age: 21-70 years
- Work Experience: 2 years for salaried, 3 years business stability for self-employed
YES Bank Home Loan Documents Required
For Salaried
- Application with photograph
- Aadhaar Card
- Pan Card/Form 60
- Last 06 Month Bank Statement where salary is credited
- Qualification proof is not needed
KYC Documents
- Address Proof
- Identity Proof
- Signature Proof
Proof of Income
- Last 2 years’ Salary Slip and IT returns/ Form 16
For Self-Employed
- Application with photograph
- Aadhaar Card
- Pan Card/Form 60
- Last 06 Month Bank Statement from the operative account
- Qualification proof is applicable
KYC Documents
- Address Proof
- Identity Proof
- Signature Proof
Proof of Income
- Last 2 years’ IT returns with computation of income, audited Balance Sheet and Profit & Loss account including tax audit report if applicable and proof of turnover vide latest sales/service tax returns
YES Bank Home Loan EMI Calculator
Applicants can use the home loan EMI calculator given on the official website of YES Bank to calculate their home loan EMI. Alternatively, they can also use the home loan EMI calculator given below to calculate the EMIs and total interest cost on the basics of loan amount, interest rate and loan tenure.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Check Lenders Offering Home Loan at Attractive Interest Rates Click Here
YES Bank Home Loan Customer Care Details
Customers can reach out to YES Bank on the below-mentioned details to get their home loan- related queries addressed.
- Message YES HL to 9223390909
- Call at 1800-419-1717
FAQs on Yes Bank Home Loan
1. How to apply for YES Bank home loan?
Ans. Applicants can apply for YES Bank home loan either directly through the official website of the bank or by visiting any branch of YES Bank. Alternatively, applicants can also visit online financial marketplaces like Paisabazaar.com to compare the home loan interest rates offered by various lenders.
2. How can I calculate the interest cost of my YES home loan?
Ans. You can use the home loan EMI calculator provided on the YES Bank website to calculate the total interest cost based on the chosen loan amount, interest rate and loan tenure. Alternatively, you can also use the home loan EMI calculator listed above to calculate your home loan interest cost.
3. Are there any concessions offered to women borrowers on YES Bank home loan interest rates?
Ans. YES Bank offers home loan interest rate concession of 0.05% to women borrowers.
Also Check: Home Loan Benefits for Women’s
4. What is the minimum credit score required to avail home loans from YES Bank?
Ans. YES Bank has not mentioned any cut-off credit score for home loan applicants. However, applicants having credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates.
5. What factors determine the eligibility of home loan applicants?
Ans. The eligibility of home loan applicants depend upon the age, credit history, number of dependents and monthly income.
6. Who can be the co-applicant to YES Bank Home Loan?
Ans. The spouse or immediate family member of home loan applicant can be the co-applicant to YES Bank Home Loan. However, all the co-owners of the property should be the co-applicant.
7. Can I prepay my home loan availed from YES Bank?
Ans. Yes, you can prepay your home loan availed from YES Bank. No prepayment fee is charged on home loans availed at floating rate of interest.
8. I receive my salary in cash. Can I get a home loan from YES bank?
Ans. YES Bank offers YES KHUSHI Home Loans to applicants having minimum or no income documents. YES Bank also considers the banking behavior of home loan applicants lacking income proof.
9. Can I increase my YES Bank Home Loan tenure to reduce home loan EMI?
Ans. YES Bank has not disclosed the option of increasing loan tenure for reducing home loan EMI. However, many lenders allow their home loan borrowers to increase their loan tenure provided they do not exceed the maximum eligible age or the retirement age at the time of loan maturity. Request for increase in loan tenure is considered as loan restructuring which is considered to be a negative credit event by the credit bureaus. This leads to a reduction in the credit scores of the borrowers, thereby adversely impacting their future loans and credit card eligibility.
Instead of increasing your loan tenure, you can opt for Home Loan Balance Transfer facility to transfer your home loan to other lenders at lower interest rates. This will reduce your home loan EMIs without increasing your interest cost. You can also opt for longer tenures with home loan balance transfer to reduce your EMIs, provided you do not exceed the maximum age set by the lender for loan maturity.