About Yes Bank Home Loan
Being India’s fourth largest private sector bank, founded by Rana Kapoor in 2004, Yes Bank is surely one of the reliable lenders of the country that has created its own niche in the industry. This Full Service Commercial Bank with its best of products such as Corporate, Retail & SME Banking franchise, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country, ensures to caters the diverse needs of one and all. Headquartered in Mumbai, India, this reputed bank is here to rule. No matter what sort of financial help you need, the bank fulfills all in the least time frame.
Talking about its home loan, there is no denying the fact that the bank offers the best of the services regarding the same at competitive rates, flexible tenures and minimal fees. In order to fulfill your dream of owning a beautiful home, this reputed lender leaves no stone unturned and provides wide range of solutions to finance your home. This is the reason that people who are in urgent of funds so as to buy their dream home prefer to avail the home loan being offered by Yes Bank. Well, in case you are interested in knowing more about the same, this page is worth reading for you.
Yes Bank Home Loan Interest Rates
Particulars | Details |
---|---|
Interest Rates | 9.15% - 11.25% |
Loan Amount | As per bank’s norms |
Tenure | Up to 25 Years |
Processing Fee | 2% of the loan amount or INR 10,000, whichever is higher, plus GST |
Yes Bank Home Loan Eligibility Criteria
Read the page further to know about the eligibility criteria set by the bank when it comes to availing the home loan.
- Salaried, self-employed professionals and self-employed businessmen are eligible to apply for the home loan.
- Retail SME Enterprises are also eligible to apply for this credit facility
- The minimum age of an individual should not be less than 21 years
- The maximum age of an individual should not be more than 65 years
- An applicant should have a regular source of income
Yes Bank Home Loan EMI Calculator
Use an EMI Calculator to know your monthly installments in the hassle-free manner. This smart and time-saving device comes 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, Interest and Total Amount Payable on a home loan. This effective tool works on a simple algorithm, wherein the user just need to enter the few credentials into the device to know the results.
Well, by just entering the credentials like:
Tenure
Interest Rate
Loan Amount
This device starts its functioning and display the values in front of you in just few seconds. Yes, within few seconds, you can know the exact amount you need to pay each month to the lender, if you avail a Yes Bank Home Loan. It is easy, quick and comes with a lot of features and benefits that will make your home loan journey enjoyable.
Take a look at the below example to get more clarity on the same.
Suppose, Rajat Gupta, a 30 year-old Content Head is looking to avail a home loan of ₹20 Lakh. After evaluating his profile the bank has agreed to offer him the same loan amount at an interest rates of 9.35% per annum for a tenure of 10 years. Now, what would be interesting here is to know the EMIs, interest and total amount payable on the home loan. So, let’s find out the same, by looking at a table below.
Table Showing EMI, Interest Outgo, and Total
Repayment Amount EMI, Total Interest Outgo, Total Repayment
(Interest + Principal)Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 20,00,000 9.35% 1 ₹ 1,75,228 ₹ 1,02,733 ₹ 21,02,733 ₹ 20,00,000 9.35% 2 ₹ 91,691 ₹ 2,00,584 ₹ 22,00,584 ₹ 20,00,000 9.35% 3 ₹ 63,926 ₹ 3,01,327 ₹ 23,01,327 ₹ 20,00,000 9.35% 4 ₹ 50,103 ₹ 4,04,950 ₹ 24,04,950 ₹ 20,00,000 9.35% 5 ₹ 41,857 ₹ 5,11,436 ₹ 25,11,436 ₹ 20,00,000 9.35% 6 ₹ 36,399 ₹ 6,20,762 ₹ 26,20,762 ₹ 20,00,000 9.35% 7 ₹ 32,535 ₹ 7,32,901 ₹ 27,32,901 ₹ 20,00,000 9.35% 8 ₹ 29,665 ₹ 8,47,823 ₹ 28,47,823 ₹ 20,00,000 9.35% 9 ₹ 27,458 ₹ 9,65,490 ₹ 29,65,490 ₹ 20,00,000 9.35% 10 ₹ 25,716 ₹ 10,85,865 ₹ 30,85,865 Year Principal Interest Balance Amount 1 ₹ 1,26,934 ₹ 1,81,652 ₹ 18,73,065 2 ₹ 1,39,325 ₹ 1,69,261 ₹ 17,33,740 3 ₹ 1,52,925 ₹ 1,55,661 ₹ 15,80,815 4 ₹ 1,67,852 ₹ 1,40,734 ₹ 14,12,962 5 ₹ 1,84,237 ₹ 1,24,349 ₹ 12,28,725 6 ₹ 2,02,220 ₹ 1,06,366 ₹ 10,26,504 7 ₹ 2,21,960 ₹ 86,626 ₹ 8,04,544 8 ₹ 2,43,626 ₹ 64,960 ₹ 5,60,917 9 ₹ 2,67,407 ₹ 41,179 ₹ 2,93,510 10 ₹ 2,93,708 ₹ 15,077 ₹ 0
Documents Required for Yes Bank Home Loan
Proofs | Salaried | Self-employed Professionals | Self-employed Businessmen |
---|---|---|---|
Proof of Identity | YES | YES | YES |
Proof of Signature | YES | YES | YES |
Proof of Address-Office & Residence | YES | YES | YES |
Income Documents | 2 Latest salary slips and IT Returns / Form 16 for last 2 years | 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 | 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 |
Bank Statement | Last 6 months bank statement of salary / main operating bank account | Last 6 months bank statement of salary / main operating bank account | Last 6 months bank statement of salary / main operating bank account |
Other Details | Details of all existing loans | Details of all existing loans | Details of all existing loans |
Features & Benefits of Yes Bank Home Loan
- Hassle-free & Transparent Process
- Quick Approval
- Doorstep Service
- Easy Documentation
- Fast Processing
- Flexible Repayment Options