20 Lakh Home Loan Yes Bank

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For many, owning a home is a cherished dream often hindered by financial limitations. YES Bank’s 20 lakh Home Loan aims to bridge this gap. This loan gives customers access to 20 lakhs at a low interest rate and flexible repayment options, nurturing the path towards homeownership. By offering financial assistance tailored to individual needs, YES Bank endeavours to turn the dream of owning a home into a reality for those who aspire to it.

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20 Lakh Yes Bank Home Loan EMI Calculator

Loan Amount

₹

5 Lac
20 Cr

Loan Tenure

Years

Rate Of Interest

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹20,00,000

Interest Payable

Total Amount Payable

Table of Content

1. 20 lakh Home Loan YES Bank Highlights

2. 20 Lakh Home Loan EMI for 10 Years YES Bank

3. 20 Lakh Home Loan EMI for 20 Years YES Bank

4. 20 Lakh YES Bank Home Loan Fees and Charges

5. 20 Lakh YES Bank Home Loan Documents Required

6. 20 Lakh YES Bank Home Loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Last Updated: 26th September 2024

20 lakh Home Loan YES Bank – Highlights

The salient features of a YES Bank 20 lakh home loan are as follows:

Feature	Description
Loan Amount	Up to 20 lakh*
Loan Tenure	Up to 35 years
Interest Rate	9.40% – 10.25% p.a.
Home Loan Types	Acquisition of new or resale properties Loan for plot acquisition and construction Financing for home improvement, renovation, extension, or repair Transfer of existing home loan balance from other banks Top-up loan option available

20 Lakh Home Loan EMI for 10 Years YES Bank

With an annual interest rate of 9.40%, you can calculate the EMI payment for a 10-year house loan of 20 lakhs from YES Bank.

Loan Amount	Interest Rate	Loan Tenure	EMI
20 lakh	9.40%	10 Years	₹25,770 per month

20 Lakh Home Loan EMI for 20 Years YES Bank

With an annual interest rate of 9.40%, you may determine the EMI for a 20-year home loan from YES Bank.

Loan Amount	Interest Rate	Loan Tenure	EMI
20 lakh	9.40%	20 Years	₹18,512 per month

20 Lakh YES Bank Home Loan – Fees and Charges

House loans have additional costs besides the interest rate YES Bank provides. Among these expenses are:

Particulars	Charges/Fees
Processing Fee	1.5% or Rs. 10,000, whichever is higher
Part-Payment/Pre-closure/Foreclosure Fees	Zero for loans with fluctuating rates The amount owed on the principal for fixed-rate loans is 4%.
Late Payment Fees / Penal Interest Rate	For the remaining amount or period at the agreed-upon rate following the 30-day grace period

20 Lakh YES Bank Home Loan – Documents Required

The 20 lakh YES Bank home loan application must be completed and signed. The following documents must also be submitted for approval.

Identity and residence proof	Aadhaar Card PAN Card Voter ID Driving License or Passport
Proof of Income	The latest three months’ salary slips Form 16 for the last two years Bank statements for the previous six months
Property Related Documents	NOC from builders/society Registered sale deed/buyer agreement
Other Documents for Home Loan	Passport-sized photographs/duly filled form

20 Lakh YES Bank Home Loan – Eligibility Criteria

To qualify for a 20 lakh YES Bank home loan, applicants must fulfil the following criteria:

Age eligibility: Between 21 and 70 years.
Available to individuals with fixed salaries, self-employment, and NRIs.
Accepted employment types: Self-employed, salaried individuals, and agriculturists.
Salaried applicants need a minimum of 2 years of work experience, with at least six months in their current organisation.
Self-employed applicants should have a minimum of 3 years of business or professional experience.

Frequently Asked Question (FAQs)

What is the EMI for a 20 lakh Home Loan for 20 years in YES Bank?

YES Bank would require a monthly EMI of ₹18,512 for a 20 lakh home for 20 years.

Who is eligible for a 20 lakh Home loan in YES Bank?

Salaried individuals and business owners who meet the eligibility criteria can apply for a housing loan of Rs. 20 lakh from YES Bank. Age, steady income, credit score, and existing liabilities determine eligibility. These application criteria apply to both Indian residents and NRIs.

What is the monthly interest rate of a 20 lakh home loan in YES Bank?

The annual interest rate for the Yes Bank home loan of 20 lakh commences at 9.40%.

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