A few years back, I moved to the US, and I had to take out a home loan. I planned to take the home loan from YES Bank as I already have an account there. I got in touch with the bank and explained the situation to them. They told me I wouldn’t be eligible for a regular home loan and should opt for an NRI Home Loan. So, after this, I asked for a YES Bank NRI home loan interest rate.
How much is the YES Bank Home Loan Interest Rate for NRI?
I have added all the information provided by the Bank person below.
Loan Amount | Rs 10 lakh to Rs 10 crore |
Interest Rate | 9.40% to 12.50% p.a. |
Loan Tenure | Up to 35 years |
Processing Charges | Up to 1.5% or Rs. 10,000 (whichever is higher) + taxes |
Minimum Income | Rs 20,000 per month (Salaried) |
He also told me about the eligibility criteria for the home loan. I have added the same here below.
Must hold an Indian Passport.
Either parents or grandparents must be citizens of India.
Can be the spouse of a person of Indian Origin or an Indian citizen.
And that’s about it. These are all the information that I learned about the interest rates from the bank person. I hope this helps.
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What is YES Bank NRI Home Loan Interest Rate?
Suresh
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2025-01-31T10:49:40+00:00 2025-01-31T10:49:40+00:00Comment
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