40 Lakh Home Loan Yes Bank

Unlock the door to your dream home with a Yes Bank 40 Lakh Home Loan, here to bridge the gap between aspiration and reality. Yes Bank ensures that achieving your dream home is within reach, offering the financial flexibility and support needed. With a streamlined application process, you can move from dreaming to owning quickly and seamlessly. Experience fast processing and discover your ideal 40 Lakh Home Loan EMI with Yes Bank, crafted to suit your financial landscape. Yes Bank's dedication to customer satisfaction is evident through its personalised services, guiding you with expertise at every step. Don't wait any longer,  explore your options and see how a ₹40 lakh Yes Bank Home Loan can turn your dream into your reality.

40 Lakh Home Loan Yes Bank- Highlights

Mentioned below are the key highlights of a 40 lakh Yes Bank home loan:

40 Lakh Home Loan EMI for 10 years Yes Bank

The EMI for a ₹40 Lakh Home Loan from Yes Bank, with an interest rate of 9.40% for a tenure of 10 years, would be approximately ₹51,540 per month. ​​

40 Lakh Home Loan EMI for 20 years Yes Bank

The EMI for a 40 Lakh Home Loan from Yes Bank for a tenure of 20 years at an interest rate of 9.40% would be approximately ₹37,024 per month.

40 Lakh Yes Bank Home Loan – Fees and Charges

Besides the interest rate provided by Yes Bank, there are supplementary charges associated with home loans. These expenses include:

40 Lakh Yes Bank Home Loan – Documents Required

A 40 lakh Yes Bank home loan application needs to be filled out and signed. The following documents must also be submitted for approval.

• Identity Proof: (Aadhaar Card/ PAN Card/ Passport/ Voter’s ID Card/ Driving License)

• Address Proof: (Recent utility bills (electricity, water, gas)/ Aadhaar Card/ Passport/ Voter’s ID Card/ Rental Agreement or Lease)

• Income Proof for Salaried Individuals:

-Last 3 months’ salary slips

-The last 6 months’ bank statements showing salary credit

-Latest Form 16 and IT returns for the past 2 years

• Income Proof for Self-Employed/Business Owners:

-Last 3 years Income Tax Returns with computation of income

-Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

-Last 6 months’ bank statements of the individual and business

• Property Documents:

-Copy of the plan approved by the Local Authorities

-Sale deed, agreement of sale with the builder (if applicable)

-Bank account statements showing all transactions for buying the property

-Receipts of advance payments towards the purchase of the property

-An estimation of the cost of construction (if applicable)

• Other Documents:

-Passport-size photographs

-Processing fee cheque

-Proof of business existence and business profile (for self-employed)

-Educational qualifications certificate and proof of business existence (for self-employed professionals)

-Detailed information on ongoing loans, including the outstanding amount and instalments

40 Lakh Yes Bank Home Loan – Eligibility Criteria

For eligibility for a 40 lakh Yes Bank home loan, the following criteria must be met:

• Age group: 21-70 years old.

• Applicants with stable incomes, including those who are self-employed or non-resident Indians, are welcome.

• Yes Bank accepts individuals who work for themselves, have a fixed salary, or are involved in agriculture.

• For those with fixed salaries, at least two years of work experience and six months in their current company are required.

• Self-employed individuals should have a minimum of three years of experience in their business or profession.