YES Bank Home Loan

Features & Benefits of YES Bank Home Loan

• Appealing rate of interest.
• Customised home loan policies for self-employed individuals to make sure that they are eligible for the desired loan.
• It provides a hassle-free transfer of loan from the existing bank or financial institution to YES BANK. It ensures a lower rate of interest which will reduce your EMI amount.
• You can avail a top-up facility by transferring the loan to YES BANK. 
• YES BANK provides the benefit of longer tenure of loans of up to 35 years which results in smaller EMIs.
• Quick and efficient processing of loan applications so that you can avail the home loan in no time.
• YES BANK provides doorstep services for all your loan needs.

A home loan helps you acquire your dream home without having to worry about your finances. YES BANK strives to provide this home loan at the most competitive interest rates with a high disbursal amount so that you do not feel any financial constraints. Apply for YES BANK home loan online and receive flexible loan tenures and balance transfer facility among other attractive features.

• Attractive interest rates starting from 8.95% onwards.
• Quick and efficient loan services.
• Flexible and customised tenures.

YES Bank Home Loan Eligibility Criteria

YES BANK provides home loans for both self-employed and salaried individuals along with offering loans to Non-Resident Indians (NRIs) as well. This offer is a part of its special Global Indian Banking Program for Non-Resident Indians. The YES BANK home loan eligibility criteria are as follows:

• The applicant’s age must be between 21-70 years (at retirement age or loan maturity whichever comes early).
• The income for salaried individuals must be ₹20,000 per month and for self-employed individuals ₹4 lakh per annum. 
• The required work experience for salaried employees is a minimum of 2 years (total employment of 1 year for people qualifying from Top Management Institutes like CS/CA).
• 3 years of business stability is a prerequisite for self-employed individuals. 
• The eligibility for loan amounts varies from ₹10 lakh to ₹10 crores.

Factors Affecting YES Bank Home Loan Eligibility

Types of YES Bank Home Loans

YES BANK offers various home loan options to meet different needs. These include loans for buying, building, or renovating homes, loans for NRIs, and balance transfer facilities to get better terms on existing loans. Each loan type comes with flexible repayment plans and competitive interest rates.

YES Khushi Home Loans

YES KHUSHI Home Loans are designed to help individuals with modest incomes achieve their dream of owning a home. These loans offer flexible amounts and extended repayment periods and cater to various housing needs. Here is a detailed overview:

YES Bank NRI Home Loan

YES BANK’s NRI Housing Loans are designed to assist Non-Resident Indians in purchasing or constructing homes in India, offering competitive interest rates and flexible repayment options. Here is a detailed overview:

YES Bank Home Loan Fees and Charges

Documents Required for YES Bank Home Loan

How Does the EMI Calculation Work for YES Bank Home Loan?

The formula for calculating the EMI is: 

E=P.r.(1+r)^n/(((1+r)^n)-1)

Wherein,

• E = EMI
• P = Principal amount
• R = interest rate on monthly basis
• N = tenure (in months)

But, it always leaves scope for human error. It also does not include factors like inflation and interest rates which keep on changing. Therefore, YES BANK makes it easier for its applicants to calculate the monthly EMI with the help of its home loan EMI calculator. To calculate your monthly EMI on the home loan you just need to enter the processing fee, principal amount, rate of interest, and tenure in the calculator. The ‘Amortisation Table’ also helps you understand the outstanding amounts and the entire payable interest better.