Yes Bank Plot Loan

Welcome to Yes Bank's esteemed Plot Loans offering. We extend an opportunity for you to acquire urban real estate easily. With competitive interest rates and a streamlined application process, Yes Bank Plot Loans stand as a testament to our commitment. Urban Money is here to showcase all about the scheme, so let's dig in!  

Yes Bank Plot Loan – Highlights

Yes Bank Plot Loan Interest Rates

Here is the interest rate you can expect while checking for Yes Bank Plot Loans:

Yes Bank Plot Loan Fees

Here is a detailed table of fees and additional charges for Yes Bank Plot Loan

Yes Bank Plot loan Eligibility Criteria for Salaried

Here are the key eligibility criteria for Yes Bank’s Plot Loan for Salaried individuals:

• Age: 21 to 60 years.
• Minimum Income: 25,000 per month
• Employment: Salaried with a stable job with a minimum employment history of 2-3 years.
• Credit Score: Maintain a credit score of 650 or higher.
• Property Documents: Provide legal documents related to the plot.
• Loan Amount: Eligibility depends on income and plot value, up to 70-80% of the plot’s value.

Yes Bank Plot Loan Eligibility Criteria for Self-employed

Here are the main eligibility criteria for Yes Bank’s Plot Loan for Self-employed individuals:

• Age: Typically, 21 to 65 years.
• Income: 4 lakhs per year.
• Business Stability: Generally, a minimum business history of 3-5 years.
• Credit Score: Preferably 650 or higher.
• Property Documents: Provide legal plot-related documents.
• Loan Amount: Maximum amount based on income and plot value (usually 70-80% of plot value).
• Repayment Capacity: Based on income, business performance, and financial commitments.
• Co-Applicant: Consider a co-applicant with a stable income.
• Financial Documents: Submit audited financial statements and tax returns.
• Business Proof: Show documents verifying self-employment status.

Yes Bank Plot Loan Documents Required for Salaried

For a Yes Bank Plot Loan application by salaried individuals, the following documents are required:

• Completed loan application form with a photograph.
• Address Proof
• Identity Proof
• Signature Proof
• Address Proof (office and residence)
• Identity Proof
• Signature Proof
• Form 60.
• Last 2 years Salary Slips
• IT Returns/Form 16 for the last 2 years
• Last 6 months’ bank statements from the account where your salary is credited.

Yes Bank Plot Loan Documents Required for Self-Employed

For a Yes Bank Plot Loan application by salaried individuals, the following documents are required:

• Completed loan application form with a photograph.
• Address Proof
• Identity Proof
• Signature Proof
• Address Proof (office and residence)
• Identity Proof
• Signature Proof
• Form 60.
• IT Returns/Form 16 for the last 2 years
• Last 6 months’ bank statements from the current business account.
• Last 2 years of IT Returns with computation of income
• Audited Balance Sheet and Profit & Loss account for the last 2 years
• Tax audit report, if applicable
• Proof of turnover via latest sales/service tax returns

Features of Yes Bank Plot Loans

Here are some key features of Yes Bank Plot Loans:

• Yes Bank offers competitive interest rates on Plot Loans, ensuring cost-effective financing.
• You can obtain loan amounts that match your specific plot purchase requirements.
• Yes Bank simplifies the application process, reducing paperwork.
• Enjoy the flexibility of extended repayment tenures.
• Whether you intend to build your dream home or invest in urban development, Yes Bank Plot Loans cater to various purposes.
• Yes Bank provides personalised loan solutions to meet your unique needs and preferences.
• The bank ensures clarity in processing fees and other charges.
• Manage your loan account conveniently through Yes Bank’s online platform.
• Yes Bank aims for swift loan approval and disbursal.

Things to Remember While Applying for a Yes Bank Plot Loan

When applying for a Yes Bank Plot Loan, here are important things to remember:

• Ensure you meet Yes Bank’s eligibility criteria, including income requirements and creditworthiness.
• Determine the loan amount you need based on your plot’s cost and your financial capacity.
• Understand the applicable interest rates and whether they are fixed or floating.
• Choose a suitable loan tenure that aligns with your repayment capacity.
• Be aware of the processing fees associated with the loan application.
• Clearly state the purpose of the loan, whether it’s for residential construction or investment.
• Verify the legal aspects of the plot, including land titles and approvals from local authorities.
• Have a repayment plan in place to manage EMI payments without default.
• Inquire about any hidden or additional costs that may arise during the loan tenure.
• Consider taking loan insurance to protect against unforeseen events affecting repayment.
• Read and understand the loan terms and conditions before signing the agreement.