Yes Bank Lease Rental Discounting (LRD)
Yes Bank offers lease rental discounting(LRD) loans to salaried and self-employed borrowers with rental income from a reputed lessees or a lessees with healthy balance sheet. Under LRD loans Yes Bank discounts a borrower’s future net rentals to offer a term loan. The loan amount Yes Bank offers in LRD scheme can go up to eighty times of net monthly rentals, subject to the expiry clauses of lease agreement. Yes Bank offers a lease discount loan against commercial and industrial type of properties leased for over 1 year with renewable clause in the rental agreement.
Yes Bank Commercial Property Purchase Loan
Commercial property buyers can take a commercial property purchase loan from Yes Bank with a competitive interest rate, below are the features of Yes Bank commercial property purchase loans:
- Eligible Borrowers: Salaried, self-employed and a businesses.
- Type of Property: the bank offers a commercial property purchase loan only for properties where the stage of construction is more than 80 percent or for ready resale properties.
- Low interest rate: in the range of 9 to 11 percent.
- Tenure: up to 20 years
- Loan amount: from Rs. 10 lakhs to 10 crores
- Processing Fees: 1 percent of the loan amount
- Eligible loan amount: up to 60 percent of the cost of property or 100 percent of the current market valuation of the property, whichever is low.
Yes Bank Mortgage Loan Interest Rate
Yes Bank LAP rate depends on below mentioned factors:
- Loan amount: the bank offers lower interest rate for higher loan amount.
- Income eligibility of applicants: Income eligibility of the loan applicant/s is one of the important factor deciding the interest rate Yes Bank will offer.
- CIBIL score: Higher CIBIL score will help a mortgage loan borrower to get a better rate from Yes Bank .
- Profile of loan applicants: a borrower’s profession or business profile also plays an important role while deciding the mortgage loan rate from Yes Bank , it is lower for the salaried and self-employed individual and slightly higher or businesses.
- Type of collateral security: rate is lower for residential property and higher for commercial and industrial properties.
- Type of loan: bank offers lower interest rate for a term loan and slightly higher rate for an overdraft facility.
Yes Bank Over LAP Draft Facility
Salaried and Self-employed borrowers taking a loan against property from Yes Bank have an option to take either a term loan or a drop line overdraft(DL OD) facility, in case of an OD limit the borrower pays interest only on used loan amount and not on entire sanctioned loan amount but continues to pay a regular EMI for the loan, wherein the additional amount from the EMI get adjusted into the principal loan amount. Below are the key features of Yes Bank LAP OD:
- Overdraft facility is available for self-employed borrowers
- One time sanction of the OD limit for original tenure of the loan and no need to re-new it every year.
- Interest payable only on used sum of amount and not on sanctioned limit.
- It’s a drop line OD wherein the limit get reduced every month by additional principal amount a borrower is paying on the loan amount.
Yes Bank Mortgage Loan Balance Transfer
Yes Bank offers mortgage loan balance transfer facility (LAP Transfer) to borrowers having a loan with other lenders with one of the lowest interest rate, processing fees and higher tenure to the customers transferring their mortgage loan to Yes Bank . Below are the reasons to transfer your loan to Yes Bank :
- Option to revise the tenure of loan
- Lowest rate of interest for drop line OD or term loan
- Option to take a drop line overdraft
- Higher loan amount against net monthly income.
- Faster process
- Doorstep services
Yes Bank Loan Against Property Eligibility Calculator
Yes Bank Loan eligibility calculator is a financial tool that helps a borrower to know his/her mortgage LAP loan eligibility for Yes Bank . To calculate and check loan eligibility using the calculator a borrower need to provide his net monthly income, Age and other loan obligation. Loan eligibility calculator provides you the loan amount you are eligible to take along with the interest rate, EMI, loan amount and tenure of the loan. It’s advisable to check your loan eligibility before applying for a LAP loan with Yes Bank.
Check Mortgage Loan Eligibility
Yes Bank Loan Against Property EMI Calculator
It’s a financial tool that assists a borrower to calculate EMI (Equated monthly Installment) on a proposed or existing LAP loan. To check the EMI an user have to provide loan amount, rate of interest chargeable and applicable tenure to calculate the Yes Bank Loan against property EMI. Knowing your EMI before taking a loan helps you to plan your monthly budget.
Loan Against Property Yes Bank News & Updates As it Happens
Yes Bank has raised $400 million syndicated loans from Japan, Taiwan
22 November 2017:Yes Bank has raised $400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients. A statement said It exercised a greenshoe option to raise $250 million in a 5 year commercial loan from 17 Taiwanese banks. Also In Japan, it raised JPY 16.5 billion or $150 million from eight lenders in a one-year loan in a maiden transaction. This borrowing will be used for on-lending through its international branch at GIFT City Ahmedabad. Its overall foreign asset book had stood at $1.4 billion as of September. Director and chief executive Rana Kapoor said “Our maiden samurai transaction in Japan and strategic syndications in Taiwan demonstrate the Bank’s ability to tap varied resource pools at competitive prices”. This the second time the bank has raised money from Taiwan, after a $130 million loan from 10 banks last year, it said, adding that this year it had commitments of $355 million. The bank scrip was trading 0.94 per cent up at Rs 316.15 a piece on the BSE at 1343 hrs, as against 0.66 percent gain on the benchmark.
YES BANK first to bring Mastercard's World Elite platform to India; Also launches customized Yes Private Banking programme
28 September 2017:YES BANK, India's fifth largest private sector bank, has introduced the uber-exclusive, by invitation only Yes Private Credit Card on the most premium Mastercard World Elite platform which is focused on ultra HNI consumers. It is being launched in India for the first time, in a joint venture with YES BANK. This card provides best-in-class global rights across Travel, Lifestyle, Hospitality, Dining, Entertainment and Wellness for the ultra HNI, global Indian and it comes with a top-of-the-line unique customer value plan of priceless experiences offered by Mastercard. This, strictly by-invitation-only lifestyle card, shall be issued to select 2500 customers only, making it a high desiring product. CEO of YES BANK Rana Kapoor said, "The launch of Yes Private Credit Card is highly momentous for YES BANK. We are proud to be the first bank in India to launch Mastercard's top of the line World Elite platform. More significantly, we are delighted to launch the Yes Private Wealth program, which will cater to ultra HNIs and will significantly help in building YES BANK as the preferred bank for this high premium and discerning segment of customers. This comprehensive banking and wealth management program will be positioned at the highest level, above the existing YES First program for HNIs and YES Prosperity program for Retail consumers." Shares of YES BANK LTD. was last trading in BSE at Rs.353.35 as compared to the previous close of Rs. 360.35.
Yes Bank claims credit card book has grown to over Rs 250 crore, with 2 lakh users
27 September 2017:Private sector lender Yes Bank has claimed that its credit card portfolio crosses Rs 250 crore within one year with 2 lakh customers. "We are running ahead of time in achieving milestones which we had set for ourselves. Our focus is on building the user-base right now and we have 2 lakh cards now," its retail head Pralay Mondal said. He also said that the bank will be fastest to achieve the 1 million credit cards mark. Mondal said the bank, which launched a new card today which will be sold to select millionaires by invitation, will be next launching a commercial banking credit card for a business' needs by December. It now offers 10 products. The card which is the maiden bank tie-up by MasterCard will select 250 millionaires who will be invited to use the offering. According to Mondal, the card is the pre-cursor the launch of a private banking programme for the ultra-rich.
Infosys and Yes bank became most active stocks in terms of value
31 July 2017:Shares of Larsen & Toubro followed by Infosys, YES Bank, LIC Housing Finance and HDFC were among the most active stocks in terms of value on NSE in Monday's trade. L&T reported a 46 percent rise in consolidated net profit for the June quarter. Benchmark indices remained firm after registering a cautious start on account of mixed cues from global markets.
Major metal, auto and banking stocks were trading up. In the Nifty 50 pack, 23 stocks were trading in green, while 19 stocks were in red. Benchmark Nifty 50 index was 25 points up at 10,039, while the 30-share Sensex was 85 points up at 32,395 around 10.05 am (IST).
According to market YES Bank and ICICI Bank are now most active in terms of value
27 July 2017:On NSE shares of YES Bank (Rs. 412.79 crore) became as the most active stock in terms of value on Thursday’s trade after it reported a 32 per cent growth in net profit to Rs. 966 crore in the quarter by June, driven by powerful loan demand. It was followed by IT firm HCL Technologies (0.12 crore) which reported on this present day a 10.7 per cent sequential fall in net profit at Rs. 2, 210 crore for the June quarter. Other important stocks such as ICICI Bank (Rs. 102.22 crore), HDFC (Rs.85.80 crore), Maruti Suzuki (Rs. 64.22 crore), Reliance industries (Rs. 58.03 crore), ITC (Rs. 49.86 crore), Titan (Rs. 43.97 crore), State Bank of India (Rs.41.20 crore), Infosys (Rs. 40.36 crore), Axis Bank (Rs. 34.76 crore), and Vedanta ( Rs. 34.14 crore), were also in pack.
Yes bank all set to digitize the business of Retail loans using AI power bots
18 July 2017:Yes bank India’s fourth largest private sector bank is all set to digitize its retail loans and thus go paperless. This will help the bank in process automation and thus reduce the overall cost of the bank. Earlier the process of availing the retail loans involved the submission of the documents and the credit bureau’s approval but and the entire process would take around 7-10days but with digitization the entire process would take about 30 minutes and with digitized operations the customer experience will be enhanced with the help of AI Chatbot. The bot will enable the retail operations to work in a flow thus enabling the bank officials to connect to their customers with the shortest possible turnaround time with the help of devices like mobile and popular messaging app. The Chatbot helps the customers to complete the loan agreement with an e-signature and thus enable the customers to have an end to end digital journey. This will cater to the needs of the approximately 2.5lakh customers by this end. In a world where the operations of the banks are continuously being digitized, Yes bank has constantly strived to make processes simpler for customers as said by Pralay Mondal, Senior Group President, Retail and Business banking, Yes Bank.