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Yes Bank Home Loan Eligibility Calculator

Yes Bank Home Loan Eligibility in India 2021

Last Updated 08th Jun 2021

Eligibility CriteriaYes Bank Home Loan
Eligible Age of Borrower21 - 60 years
Work Experience for Salaried2 years
Business Stability for Self Employed2 years
  • Yes Bank home loan eligibility is dependent on factors like your age, income, property value and repayment capacity.
  • Yes Bank calculates the amount of home loan you are eligible for using a formula that includes your net take home salary, the EMIs you have to pay and the value of property.
  • You can increase your eligibility to get a housing loan from Yes Bank by adding earning family members as co-applicants or by applying for a longer tenure loan.
Home Loan Eligibility Calculator

Yes Bank Home Loan Eligibility

Yes Bank offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. Yes Bank housing loan eligibility is based on factors like age, salary, occupation, property type and credit score. Detailed information on these factors is mentioned in the further sections.

Yes Bank Home Loan Eligibility based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum age limit to get Yes Bank home loan is 21 years at the time of loan commencement and maximum age limit is 60 years. Yes Bank offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

Yes Bank Home Loan Eligibility based on Salary

Yes Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from Yes Bank:

  • Net income: Your net monthly income determines how much Yes Bank home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at interest rate of 6.75% offered by Yes Bank, the loan amount that you will be eligible for would be ₹ 25,71,094 to ₹ 38,88,606 depending on your age. Similarly, if your salary is ₹ 75,000, ou might get eligible for a loan amount of ₹ 51,42,188 to ₹ 77,77,212 for the same property at the same rate depending on your age at the time of loan application. However, Yes Bank asks for a net monthly income of ₹ 0 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years38.89 Lakh58.33 Lakh77.77 Lakh
30 years38.89 Lakh58.33 Lakh77.77 Lakh
35 years38.89 Lakh58.33 Lakh77.77 Lakh
40 years36.25 Lakh54.38 Lakh72.50 Lakh
45 years32.14 Lakh48.21 Lakh64.27 Lakh
50 years25.71 Lakh38.57 Lakh51.42 Lakh

You may consider repaying any loans with short tenure and high EMI in order to increase your Yes Bank home loan eligibility.

  • Nature of employment: Yes Bank will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. Yes Bank requires minimum income history and job stability of more than 2 years for salaried individuals and of 2 years for self-employed individuals.

Home Loan Eligibility Yes Bank based on Value of Property

  • Value of property: Yes Bank does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
Property Value LTV
Less than 30 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the Yes Bank's legal team.

The housing loan eligibility calculator of Yes Bank can be a useful tool to assess your eligibility for the loan.

Minimum CIBIL Score for Yes Bank Home Loan

  • CIBIL Score: Yes Bank considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. Higher credit score increases your chances to get loan approval from Yes Bank However, low CIBIL score reduces your chances to get a home loan. Yes Bank requires a minimum credit score of 650 to be eligible for a home loan.

Yes Bank Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by Yes Bank to determine your home loan eligibility. Yes Bank considers all your fixed obligations like current EMIs into account while estimating your eligibility. Minimum FOIR required to be eligible for Yes Bank home loan is 0.65. Calculate your eligibility with Yes Bank home loan calculator and apply for eligible loan amount hassle free.

Yes Bank Home Loan for Women Eligibility

Yes Bank offers the same rates to women borrowers starting at 6.75% with similar eligibility criteria for home loan. In case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

How can I Check my Yes BankHome Loan Eligibility ?

To check Yes Bank home loan eligibility perform the following steps:-

  • Go to the Yes Bank website
  • Now navigate to the option Yes Bank home loan
  • To check eligibility criteria use a home loan eligibility calculator.
  • Fill the required details like loan amount required, salary, age etc.

Also you can contact the bank by calling on their customer care number 1800-1200.

Other Loan Calculators

FAQs

What is the criteria to get Yes Bank home loan?

The basic criteria to get a home loan from Yes Bank are as following:

Age21 - 60 years
Income ₹ 0
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from Yes Bank?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

What is the minimum salary to get home loan from Yes Bank?

The minimum salary required to avail home loan from Yes Bank is ₹ 0.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in Yes Bank.

Is Yes Bank good for home loan?

The lowest interest rate provided by Yes Bank is 8.95% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.

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Yes Bank Home Loan News - Jun 2021
  • 2021-03-09 : YES Essence, a holistic banking proposition for women launched
    YES Bank launched YES Essence, a holistic banking proposition for women across different customer segments. YES Essence provides offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment. The banking proposition is aiming to aid women to fulfil their aspirations.
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
  • 2021-01-05 : YES BANK retail loan disbursal to become easier and faster
    YES BANK has joined hands with Salesforce to make its retail loan disbursal easier and faster. This collaboration aims to engage customers with a unified experience and drive aggressive retail-led growth for the bank. Further, the partnership will improve the disbursal process of retail loans like home, personal, car, two-wheeler, gold and education loans.
  • 2020-07-28 : Yes Bank reported a net profit of 45. 44 crore for June quarter
    YES Bank posted a 60.05% year-on-year fall in net profit at Rs 45.44 crore for the quarter ended June 30. The Bank had posted a net profit of Rs 113.76 crore in the corresponding quarter last year. Deposits at Rs 1,17,360 crore grew 11.4% QoQ aided by 26.4% QoQ growth in current account deposits and 12.6 per cent QoQ growth in term deposits which includes fixed and recurring deposits. CASA ratio stood at 25.8%. Further, Net interest income was at Rs 1,908 crore bolstered by home, personal, gold, car and two-wheeler loan along with business and mudra loans.
  • 2020-07-06 : YES Bank introduces instant loan disbursement facility
    Private lender, Yes Bank has launched an instant loan disbursement facility. The facility will help the retail customers like that of home, personal, gold, two-wheeler, and car loan to apply for the loan in a smooth and fast manner.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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