Usually, when you apply for a Yes Bank Home Loan there are a few steps that you need to follow given below: 

1. Visit your nearest Yes Bank’s branch to fill the loan application form
2. Submit documents such as KYC, Financial and Property documents.
3. The loan eligibility of the loan applicant is assessed by Yes Bank before they provide a sanction letter. Typically, containing a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
4. Finally, after all the documents is submitted and a home loan disbursement request is raised, Yes Bank will start the initiation process of issuing a  home loan disbursement cheque 

When you apply for a Yes Bank Home Loan there are a few documents that you need to submit. They are included in the table below:

One of the major reasons that you select a Yes Bank Home Loan is that it provides for attractive interest rates and for a long loan tenure. More importantly, Yes Bank provides for a seamless and 100% hassle free ‘Digital’ loan processing.

After downloading the home loan application, filling it and submitting required documents, Yes Bank takes about 3-7 working days to sanction a home loan.

If you want to apply for a Yes Bank Home Loan then, you need to have a minimum CIBIL score of 750 above.

Before applying for a Yes Bank Home Loan you need to keep in mind that this bank provides for a maximum home loan amount of 5 crores and minimum loan amount of 10 lakhs.

It is not compulsory that you have a co-applicant while applying for an YES Bank Home Loan. Moreover, having one helps in significantly improving your loan eligibility thereby proving to your lender that you are ‘Creditworthy’ and chances to improve terms and conditions.

When you apply and secure a Yes Bank Home Loan the rate of interest will change depending on the type you select. So, for example if you take a floating rate of interest then it will change regularly. However, if you opt for a fixed interest rate then there will be no changes.

There is always a better chance for you to secure a Yes Bank Home Loan, if you have documents to show for three financial years. However, if you are seeking a small loan and have a good CIBIL score that proves you are ‘Creditworthy’, then you can get a Yes Bank Home Loan despite not having a dossier showing IT returns for three financial years.

After applying for a Yes Bank Home Loan, submitting documents, undergoing legal and technical verification, and receiving a sanction letter, it takes about a week for the home loan to get disbursed.

1. Different types of Yes Bank Home Loan

   There are a few types of Yes Bank Home Loans that you can apply and secure. They are as follows: 

   1. Self-construction Yes Bank Home Loan:

       This type of home loan scheme is essentially for property purchase and construction of a home. 

   2. Home purchase loan:

      A loan type provided by Yes Bank specifically for the purchasing of a new home or resale property. 

   3. Home loan balance transfer:

      Are you looking to transfer existing home loans from other financial institutions you have taken to save on loan repayment? If so, then it is to provide you with a home loan at a lower interest rate than Yes Bank provides you with a Home loan balance transfer option. 

   4. Home improvement loan:

      To ensure that you get financial support to renovate/repair your current home, Yes Bank provides you with a Home improvement loan scheme. 

   5. Top-up Home Loan:

      Yes Bank also provides you with the opportunity to take a home loan on an already existing one. 

   6. Home Loan for self-employed:

      It is to specifically cater to self-employed professionals and non-professionals that Yes Bank has designed the Home Loan for the self-employed scheme. 

   7. Yes ‘Khushi’ Home Loan:

      This is a special scheme curated by Yes Bank to help people secure affordable home loans with minimal use of documents or income proofs. Also, this program does not apply any restrictions on the job profile or industry to which the applicant belongs. 

2. Yes Bank Home Loan Features and Benefits:

   There are a few features of Yes Bank Home Loan that you can use and derive benefits. They are as follows: 

   1. Quick loan approval 
   2. 100% hassle free and transparent process 
   3. Minimum documentation 
   4. Fast processing 
   5. Flexibility in repayment options