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Yes Bank Home Loan Interest Rates 2022

Yes Bank Housing Loan Interest Rate -Today

Last Updated 04th May 2022

  • Current Yes Bank Home Loan interest rates May 2022 starts at 6.65% p.a. for a maximum tenure of 25 years.
  • The processing fee on Yes Bank housing loans is Upto 1.50%, Maximum ₹ 10,000. Check Best Offers.
  • Yes Bank offers a special discount of 0.05% on interest rates for women borrowers.
  • Use Yes Bank home loan interest calculator to calculate EMI on lowest rates.
Interest Rate General 6.70% - 11.80%
Interest Rates for Women 6.65% - 6.65%
Benchmark rate MCLR
Processing Fees NIL
Part Payment/Foreclosure Charges Nil for floating rate home loans
Balance Transfer Rates 6.50%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Voucher Get Call from Banker

Yes Bank Home Loan Interest

Yes Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.65%. Apart from the interest rate, the bank also has various other charges such as Yes Bank processing fee and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

  • Current Yes Bank Bank housing loan interest rates range between 6.70% to 11.80% for male borrowers.
  • Yes Bank home loan interest for women borrowers is less than the general housing loan rates and starts at 6.70%.
  • Existing customers can get the lowest Yes Bank bank home loan rate by negotiation with the bank.

Yes Bank Housing Loan Processing Fee and Other Charges

Yes Bank home loan processing charges are upto 1.50% 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 ₹ 10,000 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 1.50% of the loan amount; maximum fee of ₹ 10,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest Rates on Yes Bank Home Loans Schemes

Yes Bank offers a housing loan interest rate of 6.65%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, Yes Bank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

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

Yes Bank Home Loan Scheme IR Salaried (Male) IR Salaried (Female) IR Self-employed (Male) IR Self-employed (Female)
Yes Bank Khushi Home Loan 10.25% 10.25% 10.25% 10.25%
Yes Bank Home Loan Floating 6.70% 6.70% 6.70% 6.70%

Yes Bank Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in Yes Bank for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 6.70%
₹ 30 Lakh - ₹ 75 Lakh 6.70%
₹ 75 Lakh - 2 Cr 6.70%
Above ₹ 2 Cr 6.70%

Housing Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 6.70%
₹ 30 Lakh - ₹ 75 Lakh 6.70%
₹ 75 Lakh - 2 Cr 6.70%
Above ₹ 2 Cr 6.70%

Yes Bank Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount Yes Bank Home Loan Interest For Women Yes Bank Home Loan Interest For Govt Employee
Upto ₹ 30 Lakh 6.65% 6.70%
₹ 30 Lakh - ₹ 75 Lakh 6.65% 6.70%
₹ 75 Lakh - 2 Cr 6.65% 6.70%
Above ₹ 2 Cr 6.70% 6.70%

Yes Bank Home Loan Balance Transfer Interest Rates

Yes Bank home loan balance transfer facility is ideal for existing home loan customers paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Yes Bank at a lower interest rete without closing the account. However, you 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 loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate Yes Bank
Maximum Annual Percentage Rate (APR) 6.71% to 11.86%
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: 6.65% to 11.80%
  • Processing Fee payable to: Upto ₹ 1,500
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 685 for 25 Years ₹ 1,00,000 loan at 6.65% (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: 6.71% to 11.86%
  • Total cost payable over loan tenure: ₹ 1,05,139 for 1 Years loan to ₹ 2,06,883 for 25 Years loan

Yes Bank Home Loan Rate Trends (Historical)

Yes Bank, which is one of the leading HFC in the country offers the lowest home loan rate starting at 6.65%. There has been no change in the lowest interest rate of Yes Bank home loan interest rate for a long time and the interest rate continues to be in the range of 6.65% to 7.95%.

FAQs

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

Yes Bank offers home loans at both fixed and floating rates. In the case of the fixed rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the Yes Bank home loan interest rate for existing customers?

Existing customers of Yes Bank who have any other loan accounts or investment accounts in Yes Bank can get a discounted rate than the general Yes Bank bank home loan interest rate. The current Yes Bank home finance rate of interest is 6.65%.

What is the Yes Bank home loan rate today?

Yes Bank offers home loan interest rate today is in the range of 6.65% to 11.80%. The bank does not charge any processing fees on the home loan amount. You can get the lowest Yes Bank interest rate if you have a good CIBIL and existing relationship with the bank.

Why should I opt for balance transfer to Yes Bank?

Yes Bank offers the lowest balance transfer rates on housing loans. At the lowest rates, your housing loan EMI will be ₹ 685. If you are paying an EMI of more than ₹ 685, you should transfer your outstanding loan from the existing bank to Yes Bank. Apart from the discounted rates, you can also avail of flexible loan tenure, top-up loans and other benefits.

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 Yes Bank interest rates. Apart from the home loan rates, you can also negotiate over the processing fee.

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 6.70%, the home loan interest rate for women starts 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.


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Yes Bank Home Loan News - May 2022
  • 2021-10-04 : Yes Bank Posts Growth in Loans and Deposits
    Yes Bank has posted growth of 3.6% (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).
  • 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%.
*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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