Yes Bank Home Loan for Women & Housewife

Yes Bank comes with an innovative home loan solution tailored for women borrowers. This Yes Bank Home Loan for Women enables various benefits including lower processing charges and rates of interest in tandem with flexible tenures of repayment. Simultaneously, the Yes Bank home loan for women also enables women to become owners by enabling much-needed financial assistance. The bank offers more customized support and guidance throughout the application procedure for home loans. 

Yes Bank Home Loan for Housewife / Women – Highlights 

• Amount starts from Rs. 10 lakh and goes up to Rs. 10 crore 
• The rate is 9.40% and goes up to 12.50% per annum
• There are no hidden charges/fees
• The maximum tenure goes up to 35 years

Yes Bank Home Loan Benefits for Ladies

Here are some of the key advantages of the pioneering Yes Bank home loan for ladies.

• The repayment durations are flexible and may go up to 35 years. 
• Rates of interest begin from 9.40% per annum. 
• There are loan offerings for low-income borrowers too. 
• The PMAY subsidy can be availed for the Yes KHUSHI Affordable Home Loan for ladies. 
• There is easy convertibility of the loan interest to fixed from floating and vice versa. 

Yes Bank Home Loan for Housewife / Women – Fees and Charges 

These are some of the costs that are worth noting in this regard. 

• The processing charge is 1.5% or a sum of Rs. 10,000 (whichever is more)
• Prepayment costs are zero for loans with floating rates while the rate is 2.5% for loans with fixed rates
• The late payment charges are 2% per month
• Repayment mode charges are around Rs. 500 
• The interest switching costs are 0.5-1% of the loan amount that is outstanding 
• The conversion costs are 0.5-1% of the loan amount outstanding 
• Rs. 500 is the cost for the EMI cycle date change 

Yes Bank Home Loan for Housewife / Women – Documents Required

Here are the documents that you will require for the Yes Bank home loan for women.

• PAN Card
• KYC  Documents (Signature,  Address, ID Proof)
• Aadhar Card
• Bank Statements for 6 Months 
• IT Returns and Salary Slip for the Last 2 Years or Form 16 
• Last 2 Years’ IT Returns and Computation of Business Profit and Loss for Self-Employed Borrowers

Yes Bank Home Loan for Housewife / Women – Eligibility Criteria

The Yes Bank home loan for women’s eligibility guidelines includes the following: 

• Age limit- 21-70 years
• Work experience- 3 years of business experience (self-employed) or 2 years of experience (salaried)
• Those with Yes HONOUR salary accounts will get special consideration

Types of Yes Bank Home Loans for Women

Here are the two types of Yes Bank home loan: 

• Yes Bank Home Loan- This loan product is ideal for those seeking to build or purchase new properties. With attractive rates of interest and longer tenures, these loans are ideal options for women. The bank will make it easier with customized solutions and services. The rate of interest will hover between 9.40 and 12.50% per annum. 
• Yes KHUSHI Affordable Home Loan- This loan solution is ideal for those with lower incomes and insufficient proof of income. The processing fee is just 2% with a maximum amount of Rs. 10,000. It is a helpful option with rates of interest varying between 10.5-12.5% per annum.