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Yes Bank Home Loan Interest Rates 2021

Yes Bank Housing Loan Interest Rate -Today

Last Updated 19th Jul 2021

Current Yes Bank Home Loan interest rates Jul 2021 starts at 8.95% p.a. for a maximum tenure of 25 years. The processing fee on its housing loans is Upto 2.00%, Maximum ₹ 15,000.

Loan AmountYes Bank Home Loan Floating Rate
Upto ₹ 30 Lakh8.95%
₹ 30 Lakh - ₹ 75 Lakh8.95%
₹ 75 Lakh - ₹ 2 Cr8.95%
Above ₹ 2 Cr8.95%
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Current Yes Bank Home Loan Rate

Today Yes Bank home loan interest rates are in the range of 8.95% to 11.80%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 8.95%.

Below-mentioned are Yes Bank home loan rates for multiple housing schemes.

Yes Bank Home Loan Scheme Interest Rates
Yes Bank Home Loan Floating8.95% - 11.80%
Yes Bank Khushi Home Loan10.25% - 12.00%

Yes Bank Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in Yes Bank for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 8.95%
₹ 30 Lakh - ₹ 75 Lakh 8.95%
₹ 75 Lakh - 2 Cr 8.95%
Above ₹ 2 Cr 8.95%

Yes Bank Home Loan Processing Fee and Other Charges

Yes Bank home loan processing charges are upto 2.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. Yes Bank charges the maximum processing fees at ₹ 15,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 2.00% of the loan amount; maximum fee of ₹ 15,000
Foreclosure Charges Nil for floating rate home loans

Yes Bank Home Loan Balance Transfer Interest Rates

Yes Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Yes Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Yes Bank offers the lowest home loan balance transfer rate of 8.95%.

Illustration on Home Loan Interest Rate Yes Bank
Maximum Annual Percentage Rate (APR) 9.03% to 11.88%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 1 Years to 25 Years
  • Yes Bank Home Loan Interest Rate: 8.95% to 11.80%
  • Processing Fee payable to: Upto ₹ 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 836 for 25 Years ₹ 1,00,000 loan at 8.95% (lowest rate, longest time period) to ₹ 8,876 for 1 Years ₹ 1,00,000 loan at 11.80% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 9.03% to 11.88%
  • Total cost payable over loan tenure: ₹ 1,06,914 for 1 Years loan to ₹ 2,52,734 for 25 Years loan

FAQs

What is Yes Bank Home Loan Interest Rate?

Yes Bank Home Loan interest rate ranges between 8.95% to 11.80%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has Yes Bank reduced home loan rates?

Presently, Yes Bank offers personal loans at an interest rate starting at 8.95%. There has been no change in personal loan rates of Yes Bank for a long time and continue to stand at 8.95%.

Why should I opt for balance transfer to Yes Bank?

Yes Bank offers lowest Home Loan EMI of ₹ 836 per lakh availed at the lowest interest rate 8.95% for a maximum tenure of 25 years. you are paying an EMI more than ₹ 836 per lakh, you should consider the option for a loan transfer to Yes Bank from your existing bank.

  • Floating rate on Yes Bank housing loan is linked to its 1 Year MCLR Rate, which is currently at 8.45%. When Bank offers a Home Loan at %, it applies a premium of -8.45% to its MCLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its MCLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the MCLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current Yes Bank Home Loan rate?

The current Yes Bank Home Loan rate starts from 8.95% with a processing fee of Upto 2.00%, and Maximum ₹ 15,000.Yes Bank housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Yes Bank offers different home loan rates for different home loan products.

Can Yes Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Yes Bank to lower the home loan rates.

What are the interest rates of home improvement loans in Yes Bank?

You can avail of Yes Bank home loans for home improvement at regular home loan rates starting at 6.65%.

Can Yes Bank revise the home loan interest rates for their existing customers?

Yes Bank home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Yes Bank offer a concessional home loan interest rate for women?

Yes, Yes Bank offers special home loan interest rates for women. As against Yes Bank home loan rates for male which is 8.95%, the home loan interest rate for women starts at %.

What is the Yes Bank home loan rate of ₹ 25 Lakh for 15 years?

Yes Bank home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Yes Bank provides home loan interest rate starting at 6.65%.

At what interest rate does an Yes Bank employee get a home loan?

Yes Bank offers concessional home loan rates of about 1% than the current home loan rates to Yes Bank employees.

Is Yes Bank home loan a floating rate loan or fixed-rate loan?

Yes Bank home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.


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Yes Bank Home Loan News - Jul 2021
  • 2021-07-08 : Yes Bank loans, advances shrink marginally at Rs 1.63 lakh cr by end of June quarter
    Yes Bank loans and advances that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Gold Loan, Car Loan and Top-up Loan, fell by a marginal 0.4% to Rs 1.63 lakh crore by the end of June 30, 2021, data from the bank showed on Monday. The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4% on a year-on-year basis.
  • 2021-07-06 : Yes Bank - Loans, advances shrink in Q1 over Covid-19 impact
    Yes Bank loans and advances shrank in the Q1 FY22 on a year-on-year basis and also sequentially, reflecting the economic and business impact of the Coronavirus (Covid-19) pandemic. Sequentially, the loan book that includes Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Two-wheeler Loan, Car Loan, Gold Loan, Doctor Loan, Mudra Loan, etc. contracted by 1.8% to Rs 1,63,914 crore at the end of June 2021 from Rs 1,66,893 crore in the previous quarter ended March 2021.
  • 2021-06-23 : Yes Bank aims to double retail loan book in 3 years
    Yes Bank aims to double their retail loan book that includes personal loan, business loan, home loan, loan against property, top-up loan, professional loan, personal loan, gold loan, car loan, consumer loan and mudra loan in the next three years. Their SME book has already improved to 51% from 44% last year with the target to reach around 60% in the next two years.
  • 2021-06-02 : Yes Bank revised its MCLR for the month of June
    Yes Bank changed its MCLR with effect from 1 June 2021. The overnight MCLR is 6.20%, MCLR for one month stands at 6.70%. The three months MCLR is 6.95%, and the rates for six months is 8%. Further, the one-year MCLR is 8.45%.
  • 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.
*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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