Yes Bank Home Loan for Government Employees

Yes Bank is a one-stop solution for Government employees who want to buy their homes. There are flexible tenures and options for repayment in tandem with attractive rates of interest. The Yes Bank home loans for government employees enable borrowers to obtain their properties with specialized solutions and services. These include fast approvals for home loans in tandem with custom offerings and even doorstep services. Yes Bank also provides an online tracking and application mechanism for ensuring higher convenience. 

Yes Bank Home Loan for Government Employees – Highlights 

Here are the key highlights worth noting: 

• Rate of interest- 9.40-12.50% per annum
• Amount- Rs. 10 lakh to Rs. 10 crore
• Tenure- Maximum of 35 years
• Hidden charges- Zero 

Yes Bank Home Loan for Government Employees – Fees and Charges 

Take a look at the key costs associated with the Yes Bank home loan for government employees.

• Processing charges- Rs. 10,000 or 1.5% whichever is more
• Prepayment- Zero for floating-rate home loans and 2.5% of the principal outstanding amount for loans with fixed rates
• Late payment charges- 2% each month on the instalment which is overdue
• Extra interest- 2% per annum over and above the interest rate that applies on the outstanding loan amount
• Switching charges- 0.5-1% of the loan amount outstanding
• Conversion charges- 0.5-1% of the loan amount outstanding 
• Repayment Mode/Cheque Swapping Costs- Rs. 500
• EMI Cycle Date Change Costs- Rs. 500 

Yes Bank Home Loan for Government Employees – Documents Required

Find out about the  Yes Bank  home  loan documents required for government employees.

• PAN, Aadhar
• Bank Statements (Last six months)
• KYC (Address, Signature, ID Proof)
• Salary Slip and ITR- Last 2 years 

Yes Bank Home Loan for Government Employees – Eligibility Criteria

The age should be 21-70 years for Government employes while the necessary work experience should be two years for salaried employees. Those with YES Honour salary accounts will get special considerations for the loan. 

Yes Bank Home Loan Schemes for Government Employees 

There are two Yes Bank  home loan schemes for government employees.

• Yes Bank Home Loan-Yes Bank Home Loan is a great option for people who wish to buy new homes. The repayment tenures are convenient and the rates of interest are also attractive. There are several solutions for loans which may be cusotmized to meet diverse requirements. The Yes Bank home loan interest rate of 2023 for government employees also comes with interest rates of 9.40-12.50% per annum. 
• Yes KHUSHI Affordable Home Loan- This loan product is specially for those who have lower incomes. The Yes Bank home loan processing fee for government employees under this scheme will be just 2% (maximum amount of Rs. 10,000). It helps low-salaried Government professionals with salaries of Rs. 9,000 and onwards. The rate of interest will be 10.5-12.5% per annum.