Yes Bank, India’s fourth-largest private sector bank, has been a trusted lender since its founding by Rana Kapoor in 2004. Headquartered in Mumbai, the bank offers a full range of financial services, including Corporate, Retail, SME Banking, and Wealth Management. Known for its competitive YES Bank Home Loan offerings, the bank provides flexible tenures, minimal fees, and quick approvals to help customers finance their dream homes. If you're looking for a reliable home loan provider, YES Bank is a great choice.
Yes Bank Home Loan Interest Rate Details 2025
Here are the details of the home loan and the latest YES Bank Home Loan interest rates -
| Particulars | Details |
|---|---|
Interest Rates | from 9.00% to 12.00% p.a. |
Loan Amount | As per the bank’s norms |
Tenure | Up to 25 Years |
Minimum Income |
|
Types of YES Bank Home Loans
- Home Purchase Loan – This loan is designed for individuals looking to purchase a new home or a resale property.
- Self-Construction Home Loan – Ideal for those planning to construct a house or purchase a plot with the intention of building a home on it.
- YES Khushi Home Loan – A specially crafted affordable housing loan for applicants with minimal or no income proof. There are no restrictions based on job profile or industry. This loan can be availed for properties starting from 200 sq. ft., including 1 RK, studio apartments, or larger homes. It also offers balance transfer and top-up home loan options.
- Loan Amount: Starts from Rs. 1 lakh
- Minimum Monthly Income Requirement: Rs. 9,000
- Home Loan for Self-Employed – A dedicated home loan scheme designed specifically for self-employed professionals and non-professionals.
- Home Improvement Loan – This loan is intended for renovating or repairing an existing home, ensuring its upkeep and enhancement.
- Top-Up Home Loan – Allows existing home loan borrowers to avail additional funds over and above their current home loan amount.
- Home Loan Balance Transfer – Enables borrowers to transfer their existing home loan from another bank or financial institution to YES Bank at lower interest rates, helping reduce overall loan costs.
Yes Bank Home Loan Eligibility Criteria
YES Bank home loans are available to salaried individuals, self-employed individuals, and NRIs.
- Age Requirement: 21 to 70 years
- Work Experience:
- Salaried: Minimum 2 years of work experience
- Self-Employed: Minimum 3 years of business stability.
Documents Required for YES Bank Home Loan
For Salaried Individuals:
- Application Form with a recent photograph
- Aadhaar Card (Non-mandatory for NRIs)
- PAN Card / Form 60
- Last 6 Months' Bank Statement from the salary account
- KYC Documents:
- Address Proof
- Identity Proof
- Signature Proof
- Proof of Income:
- Last 2 years’ Salary Slips
- IT Returns / Form 16
- Qualification Proof: Not required
For Self-Employed Individuals:
- Application Form with a recent photograph
- Aadhaar Card
- PAN Card / Form 60
- Last 6 Months' Bank Statement from the operative account
- KYC Documents:
- Address Proof
- Identity Proof
- Signature Proof
- Proof of Income:
- Last 2 years’ IT Returns with income computation
- Audited Balance Sheet & Profit & Loss Account (including tax audit report, if applicable)
- Proof of turnover via the latest Sales/Service Tax Returns
Qualification Proof: Required (Applicable for self-employed professionals)
How Can You Calculate EMI For YES Bank Home Loan
Use an EMI Calculator to know your monthly installments in a hassle-free manner. This smart and time-saving device comes in handy for all your needs, with the help of which it becomes quite easy and quick for you to know and understand the calculations of EMIs and interest on a home loan. This Wishfin YES Bank Home Loan EMI Calculator works on a simple algorithm, wherein the user just needs to enter a few credentials into the device to know the results. It is easy, quick, and comes with a lot of features and benefits that will make your home loan journey enjoyable.
Well, by just entering the credentials like:
- Tenure
- Interest Rate
- Loan Amount
Take a look at the example below to get more clarity on the same.
Suppose -Rajat Gupta, a 30-year-old Content Head, is looking to avail a home loan of Rs. 20 Lakh. After evaluating his profile, the bank has agreed to offer him the same loan amount at an interest rate of 9.00% to 12.00% p.a. for a tenure of 30 years. Now, what would be interesting here is to know the EMIs on the home loan. So, let’s find out the same by looking at the table below.
| Loan Tenure | Interest Rate - 9% p.a. | Interest Rate -12% |
|---|---|---|
5 | Rs. 41,516.71 | Rs. 44,488.90 |
10 | Rs. 25,335.15 | Rs. 28,694.19 |
15 | Rs. 20,285.33 | Rs. 24,003.36 |
20 | Rs. 17,994.52 | Rs. 22,021.72 |
25 | Rs. 16,783.93 | Rs. 21,064.48 |
30 | Rs. 16,092.45 | Rs. 20,572.25 |
Fees/Charges of Yes Bank Home Loan
| Nature of Charges | Description of Charges |
|---|---|
Processing Fee | 1.5% of the loan amount or Rs. 10,000, whichever is higher (Rs. 7,500 is non-refundable if the loan is not disbursed). |
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 (2% per month) on the overdue instalment(s). |
Additional Interest | 2% p.a. over and above the applicable interest rate on the outstanding loan amount. |
Repayment Mode / Cheque Swap Charges | Rs. 500 per request. |
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 (additional franking/stamping charges as per actuals, if applicable). |
Legal, Repossession & Incidental Charges | At actuals. |
Document Retrieval Charges (per advice) (Photocopy/scanning, etc.) | Rs. 500 per request. |
Switch Charges (Floating to prevailing fixed rate, subject to the bank’s approval) | 0.5% of the outstanding loan amount. |
Switch Charges (Fixed to prevailing floating rate, subject to the bank’s approval) | 1% of the outstanding loan amount. |
Conversion Charges (Higher Floating rate to Lower Floating rate, subject to the bank’s approval) | 0.5% of the outstanding loan amount. |
Conversion Charges (Higher Fixed rate to Lower Fixed rate, subject to the bank’s approval) | 1% of the outstanding loan amount. |
EMI Cycle Date Change | Rs. 500 per request. |
Equitable Mortgage Creation Charges / Stamp Duty | As per actuals based on applicable state laws. |
Features & Benefits of Yes Bank Home Loan
- Hassle-free & Transparent Process - YES Bank ensures a smooth home loan application process with minimal complexities. The bank provides clear terms and conditions, ensuring borrowers fully understand their loan agreement without hidden charges.
- Quick Approval - With a streamlined verification and approval process, YES Bank offers quick home loan approvals, helping borrowers secure funds faster for their dream home.
- Doorstep Service - For added convenience, YES Bank provides doorstep service, where bank representatives assist with documentation and application formalities at the borrower's preferred location.
- Easy Documentation - The bank requires minimal and standard documents, such as KYC proof, income proof, and property-related.
YES Bank Home Loan Customer Care
Customers can contact YES Bank for home loan-related queries through the following channels:
- SMS: Send "YES HL" to 9223390909
- Call: Toll-free number 1800-419-1717
Summary!
YES Bank home loan solutions are designed to meet various housing needs, including home purchase, self-construction, home improvement, and balance transfer. The bank provides competitive interest rates, flexible repayment tenures, and minimal processing fees. With quick approvals and a transparent loan process, customers can finance their dream homes with ease.
FREQUENTLY ASKED QUESTIONS
1. What is the loan tenure offered by YES Bank?
YES Bank offers flexible repayment tenures of up to 30 years, depending on the applicant's eligibility.
2. What is the interest rate for YES Bank Home Loans?
YES Bank Home loan interest rate starts from 9.00% to 12.00% p.a. Depending upon the applicant’s profile and application.
3. What are the processing fees for a YES Bank Home Loan?
The processing fee is 1.5% of the loan amount or Rs. 10,000, whichever is higher. Rs. 7,500 of this amount is non-refundable if the loan is not availed.
4. How can I contact YES Bank for home loan-related queries?
You can reach YES Bank by:
- Sending YES HL to 9223390909
- Calling the toll-free number 1800-419-1717
5. What documents are required to apply for a YES Bank Home Loan?
Some key documents required include:
- For Salaried: Salary slips, bank statements, Aadhaar card, PAN card, and KYC documents.
- For Self-Employed: IT returns, business financial statements, bank statements, and KYC documents.
6. Is there a prepayment or foreclosure charge on YES Bank Home Loans?
For floating rate home loans, there are no prepayment or foreclosure charges. For fixed-rate loans, a 2.5% charge on the principal outstanding applies.
