YES Bank Home Loan Interest Rates

4.5

YES Bank home loans are designed for the self-employed and salaried segments as a financial solution to purchase, extend, construct, repair and renovate homes. The interest rates charged by the bank are attractive, and the minimal fees make the loan affordable. There are no hidden costs, and a loan balance transfer facility is also available. The bank has not disclosed its home loan interest rates.

  • Home Loan offer for You

  • 9.4% - 10.25%

    Interest Rate (p.a.)
  • ₹10L - ₹10Cr

    Tenure(1 - 35 Years)
  • ₹2,095 - ₹2,137

    EMI Per Lakh
  • Home Loan offer for You
  • 9.4% - 10.25%

    Interest Rate (p.a.)
  • ₹10L - ₹10Cr

    Tenure(1 - 35 Years)
  • Up to 2%

    Processing Fee

Compare YES Bank Home Loan Interest Rates with Other Lenders

The following table showcases the interest rates offered by other financial institutions and NBFCs in India. 

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

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.

Frequently Asked Questions (FAQs)

What's the interest rate for YES Bank?

The interest rate offered by YES Bank commences from 9.15% per annum and varies based on application.

What is the current interest rate on the YES Bank home loan?

The current interest rate of the YES Bank home loan is 9.15% per annum.

Does YES Bank provide 90% home loans?

YES Bank provides up to 70% of the property’s market value.

What is the EMI for 30 lakhs home loan for 20 years?

The interest on the EMI on the YES Bank home loan differs based on the applicant.

How can I reduce my YES Bank home loan interest rate?

A borrower with a satisfactory CIBIL Score can avail of discounts on interest rates.

What is the average interest rate for a home loan in YES Bank?

A YES Bank home loan interest rate can range from 9.15% to 11.25% per annum.

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