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YES Bank Loan Against Property

 

YES BANK Introduces Loan Against Property (LAP). Unleash the power of your property to fulfil your dreams. The loan amount is ascertained by individual banks and is based on the market value of the property. The maximum amount is subject to LTV, which varies from 50-70 % of the market value of the property. For example, if your residential property (self-occupied) is worth 100 lakhs in the market, you can avail a loan against property in the range of 60-70 lakhs depending on the lending institution and if you have commensurate income to pay the EMIs

  Salaried Self Employed Professional
Age 23 To 60 Years 23 To 65 Years 23 To 65 Years
Loan Amount 5 Lakh To 25 Crore 5 Lakh To 50 Crore 5 Lakh To 50 Crore
Tenure  5 To 15 Years 5 To 15 Years 5 To 15 Years
Rate of Interest / APR [Annual Percentage Rate] 10.25% To 10.70% 10.25% To 10.70% 10.25% To 10.70%
Features Higher Loan Amount Facility Higher Loan Amount Facility Higher Loan Amount Facility
Processing Fees 0.75 To 1% 0.75 To 1% 0.75 To 1%
Special Min. 3 Lakh/ p.a Min. 3 Lakh ITR Min. 3 Lakh ITR
Documentation KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents.
Eligibility
  • Minimum Income — Salaried individuals must have a minimum income of INR 3 lakhs per annum.

  • Minimum Age — Applicant should have completed 23 years of age if the income of the applicant/co-applicant is considered, and 21 years in case the income of the applicant/co-applicant is not considered.

  • Maximum Age — 60 years if the income of the applicant/co-applicant is considered, and 70 years if the income of the applicant/co-applicant is not considered.

  • Experience — 6 months of experience in current employment, with a total of 3 years in employment.

  • Minimum Income — Self-employed professionals must have a minimum cash profit of INR 4 lakhs per annum.

  • Minimum Turnover — INR 15 lakhs per annum for service provider/commission income; INR 10 lakhs per annum for doctors; INR 60 lakhs per annum for non-service providers.

  • Minimum Age — Applicant should have completed 23 years of age if the income of the applicant/co-applicant is considered, and 21 years in case the income of the applicant/co-applicant is not considered.

  • Maximum Age — 65 years if the income of the applicant/co-applicant is considered, and 70 years if the income of the applicant/co-applicant is not considered.

  • Experience — Minimum of 3 years of experience in business/profession.

  • Minimum of 3 years into the current profession/business 
  • Professional Digree Must
  • Last 2 year financials minimum 5 lac Receipt must
  • Income should be reflected in Banking.

 

Particulars Salaried Self Employed Professional
Age(Min-Max) 23 To 60 Years 23 To 65 Years 23 To 65 Years
Minimum Income Min. 3 Lakh Per Annum Min. 4 Lakh Per Annum Min. 3 Lakh Per Annum
Co-applicant No Conditions if available that is good No Conditions if available that is good No Conditions if available that is good
Loan Tenure Max. 15 Years Max. 15 Years Max. 15 Years
Maximum Loan Amount Max. 25 Crore Max. 50 Crore Max. 50 Crore
Employment/Business Continuity Min. 3 Years Min. 2 Years Min. 2 Years
CIBIL Score Min. 650 , Less than that case to case Justifications Min. 650 , Less than that case to case Justifications Min. 650 , Less than that case to case Justifications

Documents for a YES BANK LAP

The duly filled application form is required with the following identification documents:

  • Photocopies of identity proof (with photograph) — Driving license/PAN card, Form 60/61, Passport/Voter’s ID/Ration card/Aadhaar card
  • Proof of address (residential and office) — Driving License/Voter’s ID/Ration card/Aadhaar card/Passport/registered lease agreement with utility bills in the name of the owner, not older than 3 months
  • Income proof: For salaried applicants – 3 latest salary slips & latest year IT return/Form 16 for the last 2 years
  • Proof of signature
  • Self-employed applicants – Last 2 years’ IT returns with computation of income, audited balance sheet and profit & loss account including tax audit report if applicable, and proof of turnover vide latest sales/service tax returns
  • Self Employed Businessmen/Retail SME Enterprises – Last 2 years’ IT Returns with computation of income, audited Balance Sheet and Profit & Loss

Being one of the most secure loans, a Secured Business Loan from YES BANK lives up to your expectations by offering unmatched benefits and options for customization. For any medical urgency, financial planning for the international education of your child or business expansion, a Loan against Property from YES BANK ensures complete peace of mind with its comprehensive and smart solutions.

Fee Amount to be Paid
Rate of Interest 10 % To 10.50%
Loan Processing Charges 0.75 To 1%
Cheque Bounce Charges As per Banks Nome's
Cheque/ Instrument Swap charges As per Banks Nome's
Prepayment/ Foreclosure Charges As per Banks Nome's
Default Interest Rate As per Banks Nome's
Duplicate Statement Issuance Charges As per Banks Nome's
Duplicate Amortization Schedule Charges As per Banks Nome's
Duplicate Interest Certificate As per Banks Nome's
S(Provisional/ Actual) issuance Charges As per Banks Nome's

Features of YES Bank

  • Loan for purchase of commercial property
  • Term Loans against property
  • Dropline Overdraft Facility
  • Lease Rental Discounting

Advantage of Yes Bank Secured Loans

  • YES BANK proffers a Loan against Property at a competitive mortgage loan interest rate. Due to using your property as collateral, the interest rates for a Loan against Property are comparatively lower than those of unsecured loans.

  • You are free to utilise both residential as well commercial property as collateral. Our balance transfer facility, dropline overdraft facility, and professional doorstep service render YES BANK the best-in-class lender.

Lower EMIs for Loan Against Property

  • At YES BANK, you get to pay lower EMIs on your Loan Against Property. This is because the interest rates for a LAP are lower than those for unsecured loans.
  • YES BANK offers you flexible repayment tenures that allow you to repay the loan amount as per your convenience.
  • The gradual and regular your loan repayment, the lower the EMI.
  • Our easy-to-use online loan EMI calculator gives you an estimate of the monthly repayment amount and helps you plan your finances accordingly.
  • You also have the option of paying back the principal amount used in instalments or as a lump-sum, as per your convenience.

We, at YES BANK, facilitate your growth by offering a lucrative mortgage loan interest rate. Our dedicated team of professionals offers expert advice and best-in-class services to top the remunerative rate of interest on a Loan Against Property. 

Advantage of Loan Against Property

As the name says it all, loan against property is the loan you get from the bank against the mortgage of your property. This type of loan comes under the category of secured loan. The security in this case is the property of the borrower. Here, the property can include your home, your commercial property, or land. The amount of loan is decided based on the market value of your property.

segmentation

Advantage with Loanmoney

Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all types of Loans & Credit Cards like
Personal Loan,Credit cards, Home Loan, Business Loan and Loan Against Property .

Loan Money's main objective is to provide Best deal with Multiple option with Transparency & safety. We deal with over 35 Banks & NBFC`S. ,Our main focus is customer satisfaction that's why our customer rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.


  • Expert & Experience Loan Advisor
    We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, CAs to guide hassle free Loan process and to deliver on commitment.

  • Multi Bank Option
    Loanmoney deals with Over 35 Banks & NBFCs,As per customer profile & financial we will give you minimum 3 best deal for your Personal Loan which is available in the market.

  • Free Door step Service
    Loanmoney doesn't charge anything against the customer for the Service of your Loan and help you to get desire Loan amount with lowest Rate.

  • End to End services
    We are very vibrant and dynamic Loan agency who manage all the processes ourselves from lead sourcing to Loan Disbursal. We work for customer utmost satisfaction.

  • Transparency & Safety
    We will share every terms and conditions related with your Loan process like interest rates, payment tenure, EMI and any other charge applied during Loan process & at before loan disbursement on recorded lines.

  • Referral Program
    Loanmoney offer an attractive scheme for earn extra bucks after getting loan. Any Disburse customer can become our associates &can start earning on referring New customers to Loan Money.

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