5 Crore Home Loan Yes Bank

Experience the world of luxury and elegance with Yes Bank's 5 Crore Home Loan, the key to buying the extravagant home you have always desired. Created for those with ambitious dreams, this home loan opportunity acts as the connection between you and the exclusive lifestyle that awaits. With competitive interest rates and flexible repayment choices, Yes Bank ensures that your path to owning a premium home is smooth. Whether a grand villa or a high-end penthouse captures your imagination, Yes Bank’s commitment is to transform your dreams into reality. Yes Bank offers a variety of loan options that are customised to meet the specific needs of each borrower. These loan options consider eligibility, creditworthiness, and the property's value. The bank provides competitive interest rates for home loans, ranging from 9.40% to 10.25% per annum. These rates apply to various loan types, including home loans, balance transfer loans, house renovation loans, and home extension loans.

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Written By
Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

5 Crore Home Loan Yes Bank – Highlights

Here’s a summary of Yes Bank Home Loan for 5 crores highlights in a tabular format:

Feature Description
Loan Amount Up to 5 crores*
Loan Tenure Up to 35 years
Interest Rate 9.40% – 10.25% p.a.
Home Loan Types Purchase, Improvement, Top-up, Transfer, Loans for Self-Employed, NRI Home Loans
Nationality Indians

5 Crore Home Loan EMI for 10 Years Yes Bank

The EMI payment for a Yes Bank home loan taken for 10 years can be determined using the initial interest rate of 9.40% per annum.

Loan Amount Interest Rate Loan Tenure EMI
5 Crore 9.40% 10 Years ₹6,44,253 per month

5 Crore Home Loan EMI for 20 years Yes Bank

The EMI payment for a Yes Bank home loan taken for 20 years can be determined using the initial interest rate of 9.40% per annum.

Loan Amount Interest Rate Loan Tenure EMI
5 Crore 9.40% 20 Years ₹4,62,805 per month

5 Crore Yes Bank Home Loan – Fees and Charges

In addition to the 5 Crore Yes Bank home loan interest rate, other fees apply to home loans. These fees include:

Particulars Charges/Fees
Processing Fee 1.5% or Rs. 10,000, whichever is higher
Part-Payment/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 i.e. @2% per month on the overdue instalment(s)
Additional Interest 2% p.a. over and above the applicable interest rate on the loan outstanding
Loan cancellation/ Rebooking Rs. 2,000 (additionally franking/stamping norms as per actuals, if applicable)
Switch charges 0.5% of the outstanding loan amount
Stamp Duty At actuals as per state laws applicable from time to time.

5 Crore Yes Bank Home Loan – Documents Required

For 5 Crore Yes Bank home loan approval, you need to submit the following documents along with the completed and signed home loan application form:

  • Identity and Residence (KYC): (PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License)
  • Proof of Income: (Latest 3 months’ salary slips/ Form 16 for the last 2 years/ bank statements for the last 6 months)
  • Property Related Documents: (NOC from builders/ society/ registered sale deed/ buyer agreement)
  • Other Documents for Home Loan (passport-sized photographs/ duly filled form)

5 Crore Yes Bank Home Loan – Eligibility Criteria

Eligibility Criteria for a 5 Crore Yes Bank Home Loan are as follows:

  • Age Limit: 21-70 years.
  • Individuals who earn a fixed salary are self-employed and non-resident Indians (NRIs).
  • Nature of Employment: Self-Employed/ Salaried Individuals/ Agriculturists.
  • 2 years of work experience and at least 6 months in the current organisation is required for a salaried applicant.
  • A minimum of 3 years in business or profession is required for a self-employed applicant.

Frequently Asked Question (FAQs)

What is the EMI for 5 Crore home loans for 20 years in Yes Bank?

The EMI for a 5 Crore Home Loan for 20 years in Yes Bank would be ₹4,62,805 per month.

Who is eligible for a 5 crore home loan in Yes Bank?

Yes Bank provides home loans of up to 5 crore to qualified individuals, including salary earners and business owners. Eligibility depends on one's age, income stability, credit rating, and current liabilities. Indian residents and non-resident Indians (NRIs) are welcome to apply if they meet the bank's requirements.

What is the interest rate of a 5 crore home loan in Yes Bank?

Yes Bank's 5 crore home loan interest rate starts at 9.40% annually.
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