2 Crore Home Loan Yes Bank
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Yes Bank provides an ideal home loan solution for those looking to buy their new space. With Yes Bank 2 Crore Home Loans, you'll find various repayment options and competitive interest rates. The application process does not require much of your time. It requires minimal paperwork, offering flexibility that empowers you to settle the loan quickly with larger monthly payments or extend the term for smaller, more manageable instalments.
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Yes Bank’s home loans stand out for their affordability, thanks to their low-interest rates. The EMI structure for these loans is carefully calculated to fit within your budget, reassuring financial ease regardless of your other ongoing expenses.
For a 2 Crore Home Loan, Yes Bank makes the process straightforward and stress-free. These loans are designed to accommodate all home buyers, feature diverse payment strategies and low-interest rates, and ensure paperwork is kept to a minimum. Yes Bank’s plans are designed to align with different financial situations, allowing you to manage your loan alongside other expenses comfortably.
2 Crore Home Loan Yes Bank – Highlights
Here are the main highlights of Yes Bank Rs 2 Crore Home Loan:
Interest Rate | 9.40% p.a. onwards |
Loan Amount | 2 Crores |
Loan Tenure | Up to 35 years |
Eligibility | Employed and self-employed, both are eligible |
2 Crore Home Loan EMI for 10 Years Yes Bank
Let us calculate the EMI that will be paid at the end of every month for a tenure of 10 years if we avail a 2 Crore Home Loan at Yes Bank.
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total amount Payment |
₹2 Crore | 9.40% p.a. | 10 years | ₹2,57,701 | ₹1,09,24,163 | ₹3,09,24,163 |
2 Crore Home Loan EMI for 20 Years Yes Bank
Let’s figure out the monthly EMI payments for a 20-year tenure on a 2 Crore Home Loan from Yes Bank.
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total amount Payment |
₹2 Crore | 9.40% p.a. | 20 years | ₹1,85,122 | ₹2,44,29,317 | ₹4,44,29,317 |
Rs 2 Crore Yes Bank Home Loan – Fees and Charges
Let’s go over the fees and charges involved in securing a Rs 2 Crore Home Loan from Yes Bank:
Fee/Charge | Amount |
Processing Fee | 1.5% of the loan amount or Rs 10,000, whichever is higher. |
Prepayment charges | Nil |
Late payment charges | 24.00% p.a. on default payments |
Repayment mode | Rs 500 |
Cheque Bounce | Rs 750 |
N.O.C. | Rs 100 |
EMI Cycle Data Change | Rs 500 |
Loan Cancellation | Rs 2,000 |
Rs 2 Crore Yes Bank Home Loan – Documents Required
For a smooth application process for a 2 crore Home Loan from Yes Bank, ensure you gather the following documents:
- A filled-out application form with your photo.
- Identification proof could be your Aadhar, PAN, or Driving License.
- For those employed on a salary: Your latest salary slip, Form 16, or another document proving your income.
- For the self-employed: Relevant financial records such as Profit & Loss statements, Balance Sheets, income tax return filings, or other documents the bank accepts.
- A document confirming your signature.
- Address verification might be your driving license, a landline bill, an electricity bill, etc.
Rs 2 Crore Yes Bank Home Loan – Eligibility Criteria
To qualify for a Rs 2 Crore Home Loan from Yes Bank, prospective borrowers should satisfy these criteria:
- Age: Applicants should be aged between 23 and 60.
- Employment Status: The loan is accessible to both salaried and self-employed individuals.
- Income Requirements:
- For Salaried Individuals: A minimum monthly income of Rs 25,000 is required.
- For Self-Employed Individuals: An annual income of at least Rs 4 lakh is necessary.
- Professional Experience: Candidates must have at least two years of experience in their current professional field.
- Creditworthiness: A strong credit history and a high credit score are essential to demonstrate financial reliability.
Frequently Asked Question (FAQs)
What is the monthly instalment for a 20-year, 2 Crore Home Loan from Yes Bank?
Who qualifies for a 2 Crore Home Loan at Yes Bank?
What is the monthly interest rate for a 2 Crore Home Loan at Yes Bank?
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