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Yes Bank Government Employee Personal loan

Yes Bank Government Employee Personal loan

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Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Yes Bank is one of the premier private-sector banks in India, The bank ideally offers a wide range of personal loans tailored to various individuals. It also boasts special schemes for defence, armed forces, and government employees, known as Yes Bank government employees personal loan. Eligible applicants can look forward to lower interest rates, larger loan amounts, minimal processing fees, and flexible repayment options. The bank also assures that funds can be disbursed as quickly as 5 days from the date of loan application submission. Therefore, to make your financial journey less difficult, Urban Money provides a comprehensive overview of Yes Bank government staff personal loans. Let’s scroll down.

Yes Bank Personal Loan for Government Employees – Highlights

Following are the Yes Bank government employee personal loan interest rates and other key aspects:

Loan Amount	Up to ₹40 Lakh
Interest Rates	10.99 – 20.00% per annum
Loan Tenure	12 – 60 month
Eligibility	Both state and central government employees

Compare Government Employees Loan From Other Banks

Let’s examine the comparison of a Yes Bank government employee personal loan with other banks and NBFCs in India:

Lender	Interest Rate	Processing Fee	Loan Amount	Loan Tenure
Yes Bank	10.99% p.a. onwards	Up to 2% of the loan amount	Up to Rs. 40 lakh	5 years
HDFC Bank	10.50% p.a. onwards	Upto Rs 4999	Up to Rs 40 lakh	6 years
Axis Bank	10.49% p.a. onwards	Up to 2% of the loan amount	Up to Rs 40 lakh	7 years
IDBI Bank	9.50% p.a. onwards	1 % of the loan amount	Up to Rs 5 lakh	6 years
Union Bank	10.60% p.a. onwards	0.50% of the loan amount	Up to Rs 15 lakh	6 years
State Bank of India	10.55% p.a. onwards	Up to 0.75% of the loan amount	Up to Rs 35 lakh	6 years
Bank Of Baroda	12.15% p.a. onwards	Up to 2% of the loan amount	Up to Rs 20 lakh	7 years
Kotak Mahindra Bank	10.99% p.a. onwards	Up to 3% of the loan amount	Up to Rs 40 lakh	6 years
Tata Capital	10.99% p.a. onwards	3.5% of the loan amount	Up to Rs 35 lakh	6 years

Yes Bank Personal Loan for Government Employees – Fees and Charges

Let’s have a look at the applicable fees and charges for a Yes Bank government staff personal loan:

Fee/Charge	Amount
Interest rate	10.99% to 20.00% per annum.
Processing Fee	Up to 2% of the loan amount + taxes
Prepayment Charges	4% of the prepaid amount + taxes
Late Payment Fees	Applicable
Stamp duty and other statutory charges	At Actuals

Yes Bank Personal Loan for Government Employees – Documents Required

The following are the required documents to apply for a Yes Bank government employee personal loan:

Identity Proof: Aadhaar card, passport, or driver’s license.
Address Proof: Utility bills, rental agreement, or ration Card.
Income Proof: Salary slips, income tax returns, or bank statements.
Additional Documents: PAN Card, existing credit report, Employment ID, and passport-sized photographs.

Yes Bank Personal Loan for Government Employees – Eligibility Criteria

The following is the Yes Bank personal loan eligibility for government employees:

You must be aged somewhere between 21 and 60 years
You must have a stable monthly salary.
You must have at least 1 year of work experience.
You must have a good CIBIL score and a positive credit history.
You must be resided in your current home for over a year.