YES Bank Loan Against Property

A Mortgage Loan from YES Bank to meet your financial needs

The right loan against immovable assets for debt consolidation

YES Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their property to the bank to meet their urgent financial needs. Many people use loans against property to purchase a new property, pay for renovation or repair of their home. However, these loans can also be availed to meet the expenses such as those for a child’s wedding, dream vacation, medical exigencies, debt consolidation and so on.

Features of YES Bank Loan Against Property

Why this Loan?

  • The YES Bank Loan Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
  • This loan can also be repurposed into a consolidation loan to pay off high-interest debts
  • There are no prepayment charges for this loan

Loan Amount & Repayment Period

  • The loan amount to be sanctioned under this loan scheme and the repayment period for this loan are decided by the bank on a case-to-case basis


  • The interest rate for this loan is defined as the sum of two factors: External Benchmark based Rate (EBR) and Spread. As of October 2020, the applicable interest rate to this loan ranges from 8.55% to 14.00%

Margin Money (Borrower’s Contribution to Total Cost)

  • As of October 2020, this information is not mentioned on the bank’s website. Please talk to a representative to get more details


  • The applicants must be within the age group of 23 – 70 years
  • Salaried individuals with at least three years of employment and a minimum annual income of Rs. 3 lakh are eligible for this loan
  • Self-employed individuals with at least three years into the current profession or business and a minimum profit of Rs. 4 lakh per annum are eligible for this loan

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property

Processing Charges

  • The bank charges 2.00% of the loan amount for processing the loan with a minimum of Rs. 10,000

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • YES Bank Website:
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Toll-Free Number: 1800 1200