Yes bank Home Loan - Frequently Asked Questions

What is the eligibility criterion for applying the Yes Bank Home loan?
Home loan available at Yes bank is for everybody be it salaried or self-employed individual. 
For what purpose can this yes bank home loan be utilized?
The Yes bank home loan can be utilized for the various purposes like purchasing of plot, purchasing of plot with constructions thereon, self construction on the owned plots, purchase of ready flats and houses, purchase of under construction property, extensions or renovations of the existing property and can also be utilized to repay the existing loan therefore this loan can also be called a multidimensional loans. 
What is Yes bank home loan repayment tenure for the Yes bank home loan?
The loan repayment tenure allotted for the Yes bank home loan can be maximum for 25 years. 
How much amount of home loans sanctioned by the YES bank?
The Yes bank home loan ranges between Rs 5 lakhs to Rs 500 lakhs. 
What is the other facility provided by the bank to ensure safety of the applicant’s property?
The Yes bank home protection plan is offered by the Yes bank to ensure safety of the applicant’s property. 
What is the balance transfer facility that Yes bank offers to the home loan applicant’s?
The Yes bank home loan transfer facility is the facility that allows the applicant to transfer his/her existing home loan with other banks to the Yes bank at comparatively low prices. 
What are the loan processing charges taken by the Yes bank?
Processing fees is taken as per the rate matrix in force 
Are there any pre-payment charges?
The Yes bank does not levy any foreclosure or pre- payment charges under the floating rate of interest however the minimum amount of prepayment should be equivalent to at least one YES bank home loan EMI amount. 
What is the penalty charges levied for the late payment of the installment amount?
The bank charges penalty charges for nonpayment or late payment of the installment on the due date.
The penalty interest taken is@ 2% per month on the due amount. 
What are cheque swapping charges?
The bank takes RS.500 for every cheque swapped. 
What is the penalty amount for cheque dishonor?
The bank charges Rs.750 for each cheque which is dishonored. 
What is amortization schedule?
The amortization schedule includes the chronographic details about the home loan from Yes bank limited of the applicant. 
What are the charges taken for issuing a amortization schedule?
The Yes bank charges Rs.500 for every amortization schedule issued by the bank on request of the applicant. 
What are account statement charges?
Rs.100 is chargeable for every account statement the bank issues. 
What are the duplicate NOC issuance charges?
The bank issues copies of NOC on the customer’s demand therefore the bank charges Rs.100 for every duplicate NOC it issues. 
What are loan cancellation and rebooking charges?
The applicant may opt for the loan cancellation before the entire loan amount is disbursed by the bank. The bank therefore charges Rs.2000 as applicable from the date of first disbursement of the loan till the date of the request for cancellation. 
How much does the Yes bank charges for document retrieval?
The bank charges Rs.500 for the retrieval of the property document. 
What are the switching charges taken by the bank?
The applicant can change from floating Yes bank home loans interest rate to the fixed rate of interest by paying a switching charge of 0.5% on the principal outstanding loan amount. 
What amount of legal charges is taken by the Yes bank?
The amount of legal charges taken is as actual. 
How much amount is taken for the valuation?
The amount taken as valuation charge is as actual. 
Does the Yes bank extend Home loans to NRI?
Yes, the bank extends home loans to the NRI’s.
 
Which company in collaboration with the Yes bank offers home loans to the NRI’s?
The Dewan Housing Finance Limited (DHFL) in association with the Yes bank offers Home loans to NRI’s. 
To whom are the NRI home loans available?
The NRI home loans are available only to the salaried individuals. 
How much home loan from Yes bank is available to the applicant?
The applicant avail home loans up to 80% of the valuation of the property, in case of the purchase of the plot only 75% of the value of the property can be availed. 
What is the method of applying for Yes bank housing loan?
The Yes bank housing loan can be applied online.
The policy of collection of dues and repossession of the security:

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