YES Bank Home Loan Interest Rates

YES Bank is one of the most renowned financial institutions that offer a wide range of financial and investment products to customers in India. The YES Bank Home Loan Interest rate is lucrative to cater to the housing requirement of the borrowers. The YES Bank Home loan Interest Rates are determined by the REPO Rates set by the Reserve Bank of India. The interest rates can range from 6.70% per annum to 10.25% per annum.

YES Bank Home Loan Highlight

The following table provides information on the YES Bank Home Loan:

Loan amount	Upto Rs 5 Crores
Tenure	1 – 25 Years
Loan Available	To both salaried and self-employed Individuals
Financing	Upto 85% of the market value of the property
Processing Fee	Upto 1.5% of the Loan Amount

YES Bank Interest Rates On Home Loan Schemes

YES Bank offers different home loan schemes to cater to the housing requirements of the population in India:

YES Khushi Home Loan 

Eligibility	Salaried and Self-employed Individuals
Interest Rate	10-12% of the Loan Amount
Loan Amount	Upto 90% of the market value of the property
Rate of Interest	6.90% Onwards
Processing Fee	Up to 1.5% of the loan amount along with GST
Loan Tenure	Upto 30 Years

YES Bank Regular Home Loan 

The YES Bank offers lucrative interest rates to the self-employed and salaried employees to obtain under construction property, plot and apartments.

Eligibility	Salaried and Self-employed Individuals
Interest Rate	9.15% – 11.25% per annum
Loan Amount	Upto 90% of the market value of the property
Rate of Interest	6.90% Onwards
Processing Fee	Up to 1.5% of the loan amount along with GST
Loan Tenure	Upto 30 Years

YES Bank Home Interest Rates for Salaried and Self-Employed

The YES Bank Home Loan Interest rate for Salaried and Self-employed borrowers are subject to a variety of factors. The financial institution refers to information such as the CIBIL score, financial standing and the scheme under which the applicant has applied. This is why the YES Bank interest rate offered on the home loan varies from applicant to applicant. Generally, the interest rate can range from anywhere between 10.5% to 12.5% per annum.

YES Bank Bank Home Loan Interest Rate For NRIs

The YES Bank interest rate are attractive for the Non-Resident Indians who want to invest in properties in India. Non-resident Indians can obtain funds from the YES Bank under the Global Indian Banking Program. The interest rates offered varies from applicant to applicant based on their financial profile and creditworthiness.

YES Bank Home Loan Interest Rate and Other Charges

YES Bank Home Loan Interest Rate fees and other charges have been tabulated below:

Processing Fee	Upto 1.5% of the Loan Amount
Prepayment Charges	Nil for Floating Interest Rate 4% on Principal outstanding (Fixed-Interest Rate)
Cheque Bounce	Rs 750 Per instance
Amortisation Schedule	Nil
PDC Swap	Upto Rs 500/-
Document Retrieval Charges	Rs 500/-
Loan Cancellation	Rs 2,000/-

How to Calculate YES Bank Home Loan Interest?

YES BANK calculates the interest on the home loan by applying the following formulae:

EMI = [P x r x (1+r)^n]/[(1+r)^n-1],

Where,

• P is the Principal amount. 
• r is the rate of interest on the loan 
• n is the tenure of the repayment

The bank can also calculate the EMIs on the home loan by utilising the YES Bank home loan calculator, which enables them to compute the amount from the comfort of their home. 

Why Are YES Bank Home Loan Interest Rates the Best for Customers?

YES Bank offers lucrative interest rates and a fast loan application process with minimal documentation. One can also conveniently select a flexible tenure to make the repayment of the loan manageable. 

YES Bank Home Loan Interest Rates for Existing Customers

The YES Bank home loan interest rates commence from 9.15%, and existing customers can apply for discounts on loans to reduce the amount of the EMIs. However, it is to be noted that the interest rates offered to the customers are based on their creditworthiness. 

Factors affecting YES Bank Home Loan Interest Rates and EMI

The following factors impact the Interest Rates on the YES Bank Home Loan EMI.

• The CIBIL score of the applicant severely impacts the interest rates offered on loan. Individuals with satisfactory CIBIL scores will be offered discounts on the loan product.
• The loan tenure also reduces the amount of EMI and makes the repayment more manageable. A lengthy tenure spreads out the loan amount for the borrower.
• The financial profile of the applicant impacts the interest rates offered. An individual will a consistent revenue stream would be offered better interest rates.