The real estate sector remains one of the safest financial investment opportunities and a major asset. Faced with financial difficulties, solutions involving the pledging of existing assets as collateral are more advantageous than selling.
With mortgages, you can get the most out of your inactive investments, including commercial and non-commercial real estate. Whether it’s to develop existing businesses or to provide financial support to a newly founded business – a YES BANK Property Loan (LAP) is suitable for all of your financial needs.
Safe and punctual: Property is a static asset that makes LAP one of the safest loans. The time required to request, document and process LAP at YES BANK is low and therefore an ideal option for financial emergencies.
Attractive interest rates: interest rates for mortgages are comparatively lower and there is a cheaper and longer amount for repayment.
You are in control: the property remains the property of the borrower, even in the unfortunate event of mortgage default. In such a scenario, the borrower can sell the property to solve the repayment problem and at the same time buy the balance to restore his financial assets.
Unlimited growth: refinancing options allow a business to grow continuously by using an asset already pledged.
Minimum income – Rs.3 lakhs per year
Experience: 3 years in total employment
Minimum income – cash payment of Rs.4 lakhs per year
Minimum turnover: Rs. 15 lakhs per year for providers/commission income, Rs. 10 lakhs per year for doctors, Rs. 60 lakes for non-provider providers.
Number of years in business/profession – at least 3 years
If the income is considered eligible: At least 23 years at the start of the home loan and at most 65 years of retirement age, the earliest date being less than the loan expiration date.
If income is not taken into account for eligibility: at least 18 years at the start of the loan and at most 70 years at the time of the loan application or 85 years after the loan expires.
Higher home loan amount
Higher loan amount on favorable terms
Tailor-made solutions to meet your business needs
Commercial real estate loan
Term loan on a property
Discovered line drop
Discounts on leases
Residential and commercial real estate
Residential and commercial real estate accepted as collateral
Balance transfer agency
Balance transfer system with a recharging device
Funds can be used for professional and personal purposes
Proof of identity and signature
Proof of address (office and place of residence)
– Salary: 2 last salary slips and IT declarations / Form 16 for the last 2 years
– Independent: last 2 years. The IT department returns with the calculation of sales, the verified balance and the profit and loss account, including the tax audit report and the invoice document if necessary.
– Self-employed/small and medium-sized enterprises: IT yields with income calculation, audited balance sheet and profits and losses for the past 2 years