85 Lakh Home Loan Yes Bank

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Yes Bank's 85 Lakh Home Loan makes it possible to make your dream home a reality. Designed to meet the diverse needs of homebuyers, this loan offers attractive interest rates and flexible repayment options. It simplifies the path to homeownership, ensuring a smooth borrowing experience. Ideal for those who want to finance their purchase without compromising their financial stability, Yes Bank's offering caters to a wide range of housing needs and has become a popular choice among prospective homeowners. Get pre-approved today and open the door to your future with Yes Bank's home loan of up to ₹85 lakh.

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Table of Content

1. 85 Lakh Home Loan Yes Bank Highlights

2. 85 Lakh Home Loan EMI for 10 Years Yes Bank

3. 85 Lakh Home Loan EMI for 20 years Yes Bank

4. 85 Lakh Yes Bank Home Loan Fees and Charges

5. 85 Lakh Yes Bank Home Loan Documents Required

6. 85 Lakh Yes Bank Home Loan Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

85 Lakh Home Loan Yes Bank – Highlights

Here’s a summary of Yes Bank Home Loan 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.
Minimum Loan Amount	INR 1 lakh (for EWS/LIG for construction)
Home Loan Types	Purchase, Improvement, Top-up, Transfer, Loans for Self-Employed, NRI Home Loans
Nationality	Indian citizens

85 Lakh Home Loan EMI for 10 Years Yes Bank

Loan Amount	Interest Rate	Loan Tenure	EMI
85 Lakhs	9.40%	10 Years	₹1,09,523 per month

85 Lakh Home Loan EMI for 20 years Yes Bank

Loan Amount	Interest Rate	Loan Tenure	EMI
85 Lakhs	9.40%	20 Years	₹78,677 per month

85 Lakh Yes Bank Home Loan – Fees and Charges

Various fees and charges apply for an 85 Lakh Home Loan from Yes Bank. Here’s a table explaining the fees and charges:

Particulars	Charges/Fees
Processing Fee	1.5% or Rs. 10,000, whichever is higher (Rs. 7,500 is non-refundable in case the disbursal has not been availed)
Part-Payment/ Pre-payment/ Loan 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
Repayment Mode / Cheque Swap Charges	Rs. 500
Cheque Bounce / Return Charges	Rs. 750 per instance
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

85 Lakh Yes Bank Home Loan – Documents Required

For an 85 Lakh Home Loan from Yes Bank, the documentation required typically includes the following categories to assess your eligibility and process your loan application:

Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
Residence Proof: Recent utility bills (electricity, water, gas), Aadhaar Card, Voter ID, Passport, or Rental Agreement.
Income Proof for Salaried: The latest 3 months’ salary slips, Form 16 for the last 2 years, and bank statements for the last 6 months showing salary credit and any EMI debit.
Income Proof for Self-employed: Income Tax Returns for the last two years, a Profit and Loss Account and Balance Sheet audited by a CA for the last two years, and bank statements for the last six months.
Property Documents: NOC from builders/ society, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter, or buyer agreement.
Photographs: Recent passport-sized photographs of all applicants/ co-applicants.

85 Lakh Yes Bank Home Loan – Eligibility Criteria

Eligibility Criteria for a 85 Lakh Yes Bank Home Loan is as follows:

Individuals who earn a fixed salary are self-employed and Non-resident Indians (NRIs).
Applicants must fall within the age range of 21 to 70 years.
Salaried individuals must have a minimum of 2 years of work experience.
Self-employed individuals must have a minimum of 3 years of business stability.

Frequently Asked Question (FAQs)

What is the EMI for 85 Lakh home loans for 20 years in Yes Bank?

The EMI for an 85 Lakh Home Loan for 20 years in Yes Bank would be ₹78,677 per month.

Who is eligible for an 85 Lakh Home loan in Yes Bank?

Applicants must fulfil certain criteria to qualify for Yes Bank's 85 Lakh Home loan. They must be within the age range of 21 to 60 years and possess a stable income. Salaried applicants must have at least 2 years of work experience, with a monthly income of at least Rs 20,000. A minimum business stability of 2 years is necessary for self-employed individuals, alongside an annual income requirement of Rs 4 lakh. These conditions ensure that borrowers have the financial stability and earning potential to repay the loan effectively.

What is the interest rate of an 85 Lakh home loan in Yes Bank?

The 85 Lakh home loan interest rate in Yes Bank starts at 9.40% per annum.

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