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Yes Bank Loan Against Property Eligibility Calculator

Loan Against Property Eligibility Yes Bank

Last Updated 08th Jun 2022

Eligibility Criteria Salaried Self Employed
Age of Eligible Borrower 21 - 60 years 23 - 65 years
Maximum Loan Tenure 15 years 15 years
Eligible Monthly Income ₹ 25,000 ₹ 33,000
  • Yes Bank loan against property is calculated based on your age, income, property value and repayment capacity.
  • Use MyLoanCare Loan against property eligibility calculator to calculate your eligibility for SBI loan against property online without any hassles.
  • You can increase your Yes Bank mortgage loan eligibility by adding earning family members, business firms and companies' owners by main applicant as co-applicants or by applying for a longer tenure loan.
Loan Against Property Eligibility Calculator

Yes Bank Loan Against Property Eligibility

Yes Bank allows you to fund immediate or urgent needs with a loan against property. Yes Bank loan against property is a secured loan that does not have any end usage restrictions. The bank offers different types of mortgage schemes at affordable rates to eligible salaried and self-employed individuals. Yes Bank loan against property eligibility is based on factors like age, salary, occupation, property type and credit score. Let’s understand these factors in detail:

Yes Bank Loan Against Property Eligibility Based on Age

    Yes Bank considers your age as one of the important parameters to calculate your Yes Bank property loan eligibility. To be eligible for availing a loan from Yes Bank, one has to be of 21 years of age. The maximum age for loan from Yes Bank can be 60 years. Yes Bank eligibility calculator takes age as an input to calculate your maximum loan tenure, loan EMI and hence, your loan amount eligibility. For instance, if your current age is 25 years, you can avail the maximum loan for 15 years and if your age is near retirement, say 60 years, you can avail the loan for lesser tenure.

Yes Bank Loan Against Property Eligibility Based on Income

  • Net Income: Your monthly income determines your eligibility to get the amount of loan after meeting all the living expenses. Yes Bank typically applies a multiplier of up to 60 times on the monthly net income of the borrower to calculate the mortgage loan eligibility. However, the net monthly income required by Yes Bank to approve a property loan is ₹70,000. For example, if your net monthly income is ₹ 70,000 and you take a mortgage loan of ₹ 50 Lakh at 8.40% interest rate offered by bank, the maximum loan amount that you will be eligible for (assuming you have no other EMI’s to pay) would be as follows:
    Age Net Monthly Income (₹)
    50,000 75,000 100,000
    25 years 33.20 Lakh 49.80 Lakh 66.40 Lakh
    30 years 33.20 Lakh 49.80 Lakh 66.40 Lakh
    35 years 33.20 Lakh 49.80 Lakh 66.40 Lakh
    40 years 33.20 Lakh 49.80 Lakh 66.40 Lakh
    50 years 26.33 Lakh 39.49 Lakh 52.65 Lakh
  • You may consider repaying any loans with short tenure and high EMI in order to increase your Yes Bank loan against property eligibility.
  • Nature of Employment: Yes Bank requires minimum income history and job stability of more than 3 years for salaried individuals and of 3 years for self-employed individuals.

Yes Bank Property Loan Eligibility Based on Value of Property

  • Value of Property: Yes Bank does not finance the entire property value. The maximum loan against property eligibility would depend upon the value of the property. You can get a maximum of 70% of property’s value as a loan against residential property. Suppose you intend to take a loan on a property worth ₹ 20 Lakh. The amount of loan you will be eligible for will vary with the nature of property. A residential property worth ₹ 20 Lakh will fetch the highest loan amount of ₹ 14 Lakh. The percentage of Yes Bank loans will get lower if it is against commercial property.
    Property Type LTV Property Value Maximum Loan Amount
    Commercial Property 60% ₹ 20 Lakh ₹ 12 Lakh
    Residential Property 70% ₹ 20 Lakh ₹ 14 Lakh
  • Co-Applicant: In order to enhance the eligibility of a loan with Yes Bank, you can apply with a co-applicant such as a spouse or parents. This increases the total eligible income for availing a property loan and enhances the loan amount of eligible loans. As mentioned earlier, every bank has its own set of eligibility criteria. In the case of NBFCs, you can expect higher eligibility.
  • Property Documents: Your property’s legal documents should be satisfactory and be cleared by the legal team of Yes Bank.

Yes Bank Eligibility Based on CIBIL Score

Based on your credit score, a bank or any other financial institution decides whether you are eligible for a loan or not and is considered as one of the important parameters to get the loan. Regular payment on secured loans can also increase your CIBIL score. Yes Bank requires a minimum credit score of 650 to be eligible for a property loan.

Yes Bank Mortgage Loan Eligibility Based on FOIR

Yes Bank calculates FOIR (Fixed Obligation to Income Ratio) to estimate the amount of loan against property you can avail. Your fixed obligations to monthly income ratio should not be more than 65% to get a mortgage loan from Yes Bank. Always calculate your eligibility with the Yes Bank mortgage loan calculator to estimate your eligible loan amount before applying for a loan and reduce the chances of getting your loan application rejected.

How to Calculate Yes Bank Loan Against Property Eligibility?

You can check SBI Loan against Property eligibility online using MyLoanCare Eligibility calculator using the steps mentioned below:

  • Fill in the required details like name, mobile number, income etc in Loan against property eligibility calculator form and click on ‘Check Eligibility’.
  • Complete OTP authentication by entering OTP received on the entered mobile number.
  • Enter additional details about your profession, the reason for taking a home loan, and your current work experience.
  • Verify all the details and click ‘Get Offers’.
  • You can now view the multiple banks for which you are eligible based on the details filled in by you.
  • You can choose the bank after a complete comparison, or a MyLoancare advisor will contact you in a while to assist you with the process.

Yes Bank Loan Against Property Schemes Eligibility

Yes Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular Yes Bank loan against property products with their basic eligibility are listed as follows:

Loan Against Property for Residential Use
  • Yes Bank offers loan against property for residential use. The scheme offers balance transfer, top-up and overdraft facility.
  • Yes bank offers the property mortgage loan for commercial use to business people to enhance their business activities. The loan can be taken by keeping any residential or commercial property as a mortgage.

Documents Required for Yes Bank Loan on Property

To avail Yes Bank loan on property, you will be required the following documents:-

  • Application form
  • Passport size photograph
  • Identity proof- PAN card, Aadhar card, Passport, Voter ID card, Driving License
  • Address Proof- Ration card, Utility bill, Driving license
  • Age proof- PAN Card, Passport, Class 10th certificate
  • Income proofs- Bank Statements, last 6 months salary slips, Form 16, Income Tax Returns for the last 3 years
  • Processing fee cheque
  • Property documents of mortgaged property

Compare the Eligibility Criteria of Top Banks

FAQs

What factors determine the eligibility criteria of property loan from Yes Bank?

The factors that determine the eligibility criteria of Yes Bank property loan are:-

  • Age of the applicant
  • Monthly income
  • Existing liabilities
  • CIBIL Score
  • Value of the property to be mortgaged

Am I eligible for Yes Bank loan against property if my salary is 20000?

The minimum income for salaried employees to get a loan against property should be ₹ 25,000 per month. It is difficult to get approval for the loan, however if your CIBIL is high, you may negotiate with the bank or add an co-applicant to improve your eligibility.

What should be the minimum net monthly income of the customer to get Yes Bank mortgage loan?

The minimum income for salaried employees to get a loan against property should be ₹ 25,000 per month. If you do not meet the eligibility criteria you can increase income eligibility by adding a co-applicant and maintaining a good cibil score above 650.

What is the tenure of an Yes Bank property loan?

Yes Bank offers property loans for a tenure upto 15 years. However, the longer the loan tenure, the higher will be the eligibility. Also, higher loan tenure means a higher rate of interest.

How much Yes Bank mortgage loan can be availed by the applicant?

You can avail mortgage loan from Yes Bank up to 70% of the market value of the property against an residential property whereas you can avail up to 60% of the market value if you decide to pledge a commercial property.

Can I get a loan on my property from Yes Bank if I am not an Yes Bank customer?

Yes, you can get a loan against property from Yes Bank if you are not an Yes Bank customer. However, you can get a competitive interest rate if you are already a customer of a bank.


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Yes Bank Loan Against Property News - Jun 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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