{"id":2417,"date":"2015-10-31T00:05:34","date_gmt":"2015-10-30T18:35:34","guid":{"rendered":"http:\/\/www.theteamwork.com\/articles\/?p=2417"},"modified":"2015-10-31T22:30:10","modified_gmt":"2015-10-31T17:00:10","slug":"2016-41270-yeida-yamunotri-housing-scheme-bhs-04-bank-finance-eligibility","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/articles\/2016-41270-yeida-yamunotri-housing-scheme-bhs-04-bank-finance-eligibility.html","title":{"rendered":"YEIDA Yamunotri Housing Scheme BHS-04 &#8211; Bank Finance Eligibility"},"content":{"rendered":"<p><strong>Bank Finance Eligibility Conditions for the YEIDA Yamunotri Housing Scheme BHS-04\/2014<\/strong><\/p>\n<p>Greater Noida (Uttar Pradesh, India), October 31, 2015<\/p>\n<p>The Yamuna Expressway Industrial Development Authority (YEIDA) had launched a scheme of 2862 residential flats (YEIDA Scheme Code BHS-01\/2013) in Sector-22A.<\/p><div data-ad-id=\"8601\" style=\"text-align:left; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw-ga afw_ad afwadid-8601  \">\r\n                                                                <script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><ins class=\"adsbygoogle\" style=\"background:none;display:inline-block;width:300px;height:600px\" data-ad-client=\"ca-pub-7798450846111448\" data-ad-slot=\"6557536103\">\r\n                                                                <\/ins>\r\n                                                                <script>\r\n                                                                        (adsbygoogle = window.adsbygoogle || []).push({});\r\n                                                                <\/script>\r\n                                                                \r\n                                                        <\/div>\n<p>Registration or booking for the YEIDA Yamunotri Housing Scheme BHS-04\/2014 was open for the eligible applicants from October 23, 2014 to January 31, 2015.<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-41272-yeida-yamunotri-housing-scheme-bhs-04-authorized-banks.html\"><strong>YEIDA Yamunotri Housing Scheme BHS-04 &#8211; Authorized Banks<\/strong><\/a><br \/>\nList of the Banks Authorized for the YEIDA Yamunotri Housing Scheme BHS-04\/2014<\/p>\n<p><strong>YEIDA Multistoried Flats Scheme BHS-04: Bank Finance Eligibility Conditions<\/strong><\/p>\n<p>The public and private sector banks were financing the Earnest Money Deposit or Application Money for the YEIDA Yamunotri Housing Scheme BHS-04\/2014 on the following terms and conditions.<\/p>\n<p><strong>1. Purpose of Loan:<\/strong><br \/>\nLoan for depositing Registration Money or Earnest Money Deposit (EMD) with the Yamuna Expressway Industrial Development Authority for allotment of a residential flat in Greater Noida.<\/p>\n<p><strong>2. Loan Eligibility:<\/strong><br \/>\nAll the Indian citizens, who can apply in the YEIDA Yamunotri Housing Scheme BHS-04\/2014, are eligible for the bank finance.<\/p>\n<p>All the bank loan documents are to be submitted in the same Bank Branch where applicant has deposited the upfront payment.<\/p>\n<p>One person can apply for only one application in the YEIDA Yamunotri Housing Scheme BHS-04\/2014. In case, it is detected by the Bank that an individual has submitted more than one application in this scheme, the entire money deposited with the Bank shall be forfeited and the application shall be rejected and any loss incurred to the Bank at any stage in this scheme due to misrepresentation or suppression of information or facts shall be recovered from the borrower.<\/p>\n<p><strong>3. Amount of Loan Available:<\/strong><\/p>\n<p>Maximum of Rs. 150,000 for a 48.77 square meters built-up flat and maximum of Rs. 280,000 for a 81.75 square meters built-up flat<\/p>\n<p><strong>4. Disbursement:<\/strong><br \/>\nThe Bank will disburse the entire Registration Money or Earnest Money Deposit by issuing Banker\u2019s Cheque or Demand Draft favouring Yamuna Expressway Industrial Development Authority payable at Greater Noida, Noida or Delhi.<\/p>\n<p><strong>5. Repayment of Loan:<\/strong><br \/>\nOn Non-Allotment of a YEIDA Flat: The loan amount will be adjusted out of the proceeds of the refund order of earnest money deposit issued by the Yamuna Expressway Industrial Development Authority from the applicant\u2019s bank account in the event of non-allotment of a YEIDA flat. Further, the applicant will arrange for the repayment of this loan from his or her own sources to liquidate the loan amount with interest, charges, cost, etc., if refund is not sufficient to clear the outstanding dues.<\/p><div data-ad-id=\"8683\" style=\"text-align:left; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw-ga afw_ad afwadid-8683  \">\r\n                                                                <script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><ins class=\"adsbygoogle\" style=\"background:none;display:inline-block;width:336px;height:280px\" data-ad-client=\"ca-pub-7798450846111448\" data-ad-slot=\"3966003673\">\r\n                                                                <\/ins>\r\n                                                                <script>\r\n                                                                        (adsbygoogle = window.adsbygoogle || []).push({});\r\n                                                                <\/script>\r\n                                                                \r\n                                                        <\/div>\n<p>On Allotment of a YEIDA Flat: In the event of allotment of a house by the Yamuna Expressway Industrial Development Authority, the entire outstanding amount along with the interest, cost and charges, etc., is required to be adjusted within 30 days from the date of allotment of a flat through draw by the YEIDA. In case the applicant is successful in the allotment, loan amount would be recovered by cashing the post-dated cheque(s).<\/p>\n<p>The successful allottee of flat may also choose to repay this loan from the proceeds of a Bank Home Loan, if availed. Otherwise, the Bank shall be entitled to get your allotment cancelled from the YEIDA, sell, or transfer the allotted flat.<\/p>\n<p>Please note that sanction of a loan for Earnest Money Deposit does not confer any right for a Bank Housing Loan to the borrower, if he or she is allotted a flat under the YEIDA Yamunotri Housing Scheme BHS-04\/2014. It will be processed separately as per the Bank norms for a Home Loan Scheme.<\/p>\n<p><strong>6. Security of Loan:<\/strong><br \/>\nTwo Post-Dated Cheques (first cheque for the loan amount, and the second cheque for the interest in case the draw is delayed). The Bank will have a lien on the Application Money and Letter of Allotment in all cases.<\/p>\n<p><strong>7. Rate of Interest for the EMD Bank Finance:<\/strong><br \/>\nIt is 9.50% to 11.50% per annum for YEIDA Yamunotri Housing Scheme BHS-04\/2014<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-41257-yamuna-expressway-industrial-development-authority-yamunotri-housing-scheme-bhs-04.html\"><strong>Yamuna Expressway Industrial Development Authority Yamunotri Housing Scheme BHS-04<\/strong><\/a><br \/>\nYamuna Expressway Industrial Development Authority &#8211; Yamunotri Housing Scheme BHS-04\/2014<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-1168-yamuna-expressway-industrial-development-authority-plans-projects.html\"><strong>Yamuna Expressway Industrial Development Authority \u2013 Plans and Projects<\/strong><\/a><br \/>\nYamuna Expressway Industrial Development Authority \u2013 Residential Plans, Policies, Projects, and Schemes<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-1199-uttar-pradesh-awas-vikash-prishad-plans-projects.html\"><strong>Uttar Pradesh Awas Vikas Parishad &#8211; Residential Plans, Projects and Schemes<\/strong><\/a><br \/>\nUttar Pradesh Awas Evam Vikas Parishad &#8211; Current Residential Plans, Policies, Projects, and Schemes<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-2034-uttar-pradesh-government-plans-policies-projects.html\"><strong>Uttar Pradesh Government &#8211; Plans, Policies, and Projects<\/strong><\/a><br \/>\nGovernment of Uttar Pradesh &#8211; Current Residential Plans, Policies, Programs, Projects, and Schemes<\/p>\n<p><a href=\"http:\/\/www.theteamwork.com\/articles\/2016-2001-indian-government-plans-policies-projects.html\"><strong>Indian Government &#8211; Plans, Policies, and Projects<\/strong><\/a><br \/>\nGovernment of India \u2013 Current and Past Residential Plans, Policies, Programs, Projects, and Schemes<\/p>\n<div data-ad-id=\"8684\" style=\"text-align:left; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw-ga afw_ad afwadid-8684  \">\r\n                                                                <script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><ins class=\"adsbygoogle\" style=\"background:none;display:inline-block;width:336px;height:280px\" data-ad-client=\"ca-pub-7798450846111448\" data-ad-slot=\"2905808847\">\r\n                                                                <\/ins>\r\n                                                                <script>\r\n                                                                        (adsbygoogle = window.adsbygoogle || []).push({});\r\n                                                                <\/script>\r\n                                                                \r\n                                                        <\/div><\/p>","protected":false},"excerpt":{"rendered":"<p>All the Indian citizens, who can apply in the YEIDA Yamunotri Housing Scheme BHS-04\/2014, are eligible for the bank finance. All the EMD loan documents are to be submitted in the same Bank Branch where applicant has deposited the upfront payment.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[1508,2097,2099,2100,2102],"class_list":["post-2417","post","type-post","status-publish","format-standard","hentry","category-uttar-pradesh-government","tag-bank-finance-eligibility","tag-yamunotri-housing-scheme","tag-yeida-housing-scheme","tag-yeida-scheme-bhs-04","tag-yeida-yamunotri-housing-scheme"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>YEIDA Yamunotri Housing Scheme BHS-04 - Bank Finance Eligibility - Articles<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theteamwork.com\/articles\/2016-41270-yeida-yamunotri-housing-scheme-bhs-04-bank-finance-eligibility.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YEIDA Yamunotri Housing Scheme BHS-04 - Bank Finance Eligibility - Articles\" \/>\n<meta property=\"og:description\" content=\"All the Indian citizens, who can apply in the YEIDA Yamunotri Housing Scheme BHS-04\/2014, are eligible for the bank finance. 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