Interest Rates of Yes Bank Mortgage Loan

Description Charges
Interest Rate Range 9.85% - 12.00%
Tenure Range 1 - 25 years
Processing Fee 0.5% of the loan amount (Min. Rs. 10,000)
Loan Amount Rs. 5 crores
Prepayment or Foreclosure Charges Nil if floating, 2.5% on the principal outstanding for fixed rate loans
Cheque / Instrument Swap Charges Rs.750/- per instance
Lowest EMI Rs. 1,105 per lakh
Lucrative Interest Rate Range 9.60% - 12.00%

Documentation Required for Yes Bank Mortgage Loan

For Self Employed
  • Filled Loan application form

  • 2 passport size photographs

  • Last 2 years ITR

  • Identity Proof: Driving License/ Passport/ PAN/ Voter ID

  • Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License

  • Business Proof: Business Address Proof/ VAT/Service Tax registration/ Balance Sheets certified by CA/ Profit & Loss Account/ Partnership Deed/ Business profile and Business Existence Proof

For Salaried Employee
  • Filled Loan application form

  • 2 passport size photographs

  • Job continuity proof

  • Identity Proof: Driving License/ Passport/ PAN/ Voter ID

  • Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License

  • Income Proof: Last 6 months payslips/ Last 6 months bank statement/ 2 years Form 16/ any debit card

Property Documents
  • Lease Deed/ Registered Sale Deed/ conveyance

  • Previous Sale Deeds Chain

  • Approved Building plan from Municipal Corporation

  • Latest Home tax return/ receipt

Yes Bank Mortgage Loan Eligilibility

  • Age should be 21 to 60 years

  • Minimum credit score is 650 and above

  • Loan to value ratio - Up to 60%

  • Fixed Obligations to Income Ratio(FOIR) - 0.65

  • Small & mid sized businesses, partnership firms, private or closely held companies, self employed professionals are eligibile for mortgage loans.

Yes Bank Mortgage Loan EMI Calculator

You can use our online EMI calculator to calculate your loan EMIs. EMI is a fixed amount that you need to pay for every month.

Features and Benefits of Yes Bank Mortgage Loan

  • Higher loan amount and tenure up to 15 years

  • Low interest rates

  • Simple and quick approval

  • Flexible repayment option

  • Higher loan amount with low EMIs

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