According to the bank’s website, you can purchase ready property, under construction, resale, construction of a house on a plot, repair, renovation etc.
If your income is very low then there is no need to worry. You can fulfill your dream of buying a house. Yes Bank is offering home loan even to people with starting monthly income of Rs 9000. According to the information available on the bank’s website, any employed or self-employed person can take this loan. The bank has named this special home loan as YES KHUSHI Affordable Housing Loan. This loan can be repaid for 35 years. The bank charges interest on this loan from 10.5% to 12.5%. The rate of interest will depend on the credit score of the person.
Features of Yes Khushi Affordable Housing Loan
- To take this loan, minimum paper work has to be completed.
- The bank provides the facility to repay this loan for 35 years.
- Loan amount starts from Rs 1 lakh.
- This loan can be taken to purchase under construction, ready to move or resale property.
Facility to transfer loan also
According to the bank’s website, you can purchase ready property, under construction, resale, construction of a house on a plot, repair, renovation etc. You can also transfer your existing home loan. This loan repayment period is 35 years for salaried and 30 years for self-employed, provided the age of the borrower at loan maturity does not exceed 60 years and 70 years respectively.
