YES Bank Home Loan
Yes Bank offers home loans at attractive interest rates from 9.00% to 11.50% per year, with a processing fee of 2% of the loan amount. Customers can repay the loan over a period of up to 35 years. The bank also provides home loans under the PMAY scheme, helping eligible borrowers avail government benefits and subsidies.
Yes Bank offers home loans up to Rs.5 crore for salaried and self-employed individuals at competitive rates, with repayment tenures up to 35 years. Processing fees are 2% of the loan amount plus GST or Rs.15,000, whichever is higher.
Compare Home Loan Interest Rates Across Different Banks
| SBI Home Loan | 7.25% p.a. to 10.50% p.a. |
| HDFC Home Loan | 7.75% p.a. onwards |
| PNB Housing Finance | 7.70% p.a. to 11.45% p.a. |
| Axis Home Loan | 8.35% p.a. to 9.35% p.a. |
| Union Bank of India Home Loan | 8.60% p.a. onwards |
| Bank of Baroda Home Loan | Floating rate: 7.45% to 9.20% per year, Fixed rate: 9.15% to 10.20% per year. |
| LIC Home Loan | 7.50% p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.99% p.a. onwards |
| Central Bank of India Home Loan | 7.35% p.a. onwards |
| Aditya Birla Housing Finance | Salaried: 8.80%–14.00% p.a. & Self-employed: 9.10%–14.75% p.a. |
| HSBC Home Loan | 7.70% p.a. onwards |
| Standard Chartered Bank Home Loan | Starting from 8.95% p.a. |
| TATA Capital Home Loan | 7.75% p.a. onwards |
| YES Bank Home Loan | 9.00% - 11.50% p.a. |
| IDBI Home Loan | 7.65% p.a. onwards |
| Bandhan Bank Home Loan | 8.14% p.a. onwards |
| Federal Bank Home Loan | 8.75% p.a. onwards |
| South Indian Bank Home Loan | 8.30% p.a. onwards |
YES Bank Home Loan Schemes and Interest Rates
YES Bank offers different home loan options to help buyers in India own or improve their homes. Each scheme comes with competitive interest rates and flexible features to make borrowing easier.
| Home Loan Scheme | Interest Rate (Per Annum) |
|---|---|
| Regular Home Loan | 9.40% – 10.25% |
| YES Khushi Home Loan | 10.50% – 12.50% |
| Home Improvement Loan | 9.40% – 10.25% |
| Top-Up Home Loan | 9.40% – 10.25% |
| Balance Transfer Home Loan | 9.40% – 10.25% |
Balance Transfer Home Loan
You can move your existing home loan from another bank to YES Bank at lower interest rates starting from 9.40% per year. This helps reduce your monthly EMIs and save money.
Top-Up Home Loan
If you already have a home loan, YES Bank allows you to borrow extra funds on top of your current loan. The top-up loan starts at 9.40% interest per year, giving you flexibility for home improvements or personal needs.
Home Loan Overdraft Facility
YES Bank also offers a home loan overdraft, letting you withdraw or deposit extra funds as needed without applying for a new loan. This is a convenient way to manage unexpected expenses.
YES Bank Home Loan Eligibility
YES Bank offers home loans up to Rs.5 crore for both salaried and self-employed individuals at attractive interest rates. You can choose a repayment tenure of up to 35 years to lower your monthly installments. The processing fee is 2% of the loan amount plus GST or Rs.15,000, whichever is higher.
For Salaried Applicants: You need a passport-sized photograph, Aadhaar card, KYC documents, PAN card or Form 60, last two years’ salary slips, Form 16 or IT returns, and bank statements for the last six months.
For Self-Employed Applicants: Required documents include a passport-sized photograph, Aadhaar card, KYC documents, PAN card or Form 60, last two years’ IT returns with income details, profit and loss statements with audited balance sheets, proof of qualifications, and bank statements for the last six months.
This makes it easy for both salaried and self-employed individuals to apply and get a home loan from YES Bank.
Explore Financial Calculators
Who can apply for a YES Bank Home Loan?
Both salaried and self-employed individuals can apply. You can also include a co-applicant, such as your spouse, to increase the eligible loan amount if they have income.
What is the minimum and maximum loan amount?
You can borrow a minimum of Rs.10 lakh and up to Rs.5 crore, depending on eligibility and property value.
Can I use the loan for purposes other than buying a house?
Yes, the loan can be used to purchase a home, or for renovating and repairing an existing property, including adding rooms, repainting, or buying new furniture.
Can I link my home loan to the PMAY scheme?
Yes, eligible borrowers can link their loan to the Pradhan Mantri Awas Yojana (PMAY) and benefit from subsidized interest rates.
Is it possible to change from a fixed to a floating interest rate?
Yes, you can switch from fixed to floating rates or vice versa. A small fee of 0.5% of the outstanding principal applies, but switching between base rate and MCLR is free.
Can I prepay or top-up my loan?
Yes, partial or full prepayment is allowed, and YES Bank also offers top-up loans for additional funding without taking a new loan.
What tax benefits are available?
Interest paid on home loans is eligible for tax benefits under Section 24(b) of the Income Tax Act. Currently, up to Rs.2,00,000 can be claimed, though this may change according to tax rules.
How long does the loan approval process take?
Once all documents are submitted, YES Bank typically processes home loan applications within a few days, allowing quick access to funds.