Yes Bank Home Loan for Salaried Person

Yes Bank offers a highly exclusive Yes Bank Home Loan for Salaried Persons. Some of the advantages include lower rates of interest, repayment options that are flexible, and a convenient application procedure. Salaried employees with a monthly income of Rs. 20,000 can avail of a loan from the bank. The maximum amount can go up to Rs. 10 crores with a maximum repayment duration going up to 35 years. The bank also ensures the 100% top-up loan provision. 

Yes Bank Home Loan for Salaried Person – Highlights 

Here are some key highlights that should be noted: 

• Interest- 9.50 to 12.50% per annum
• Duration- Maximum of 35 years
• Amount- Rs. 10 lakh to Rs. 10 crore
• Tenure- Maximum of 35 years 

Yes Bank Home Loan for Salaried Person – Fees and Charges 

Yes Bank does not have hidden costs, while all linked charges are provided transparently to customers prior to the signing of the home loan agreement. Here is a look at the applicable costs in this regard. 

• Processing- 1.5% or a sum of Rs. 10,000 (whichever is more)
• Late Payment- 24% per annum 
• Prepayment- Zero for floating-rate home loans and 2.5% for fixed-rate home loans on the outstanding principal amount 
• Switching repayment mode/cheque- Rs. 500
• Switching charges for interest rates- 0.5-1% of amount outstanding
• Conversion- 0.5% of the loan amount outstanding. 
• Changing EMI cycle date- Rs. 500

Yes Bank Home Loan for Salaried Person – Documents Required

Discover the Yes Bank home loan documents required for salaried persons. 

• PAN, Aadhar, ID, Address, and Signature Proof
• Bank statements for the last six months 
• Salary slip or IT returns for last two years or Form 16 

Yes Bank Home Loan for Salaried Person – Eligibility Criteria

Check out the Yes Bank housing loan eligibility criteria for salaried persons.

• Those with the Yes HONOUR salary account will get priority 
• The credit score is recommended at 750 or higher 
• The age limit is between 21-70 years
• The minimum work experience should also be 2 years