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YES Bank offers easy car loans with a minimum tenure of 1 year and maximum tenure of up to 7 years. Interest rates range from 10.25% to 12.25%. Loan amount ranging from Rs. 1 Lakh to Rs. 500 Lakhs. Multiple repayment options. Apply now through CreditMantri and get best deals on car loans at YES Bank.
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Yes Bank is India’s fifth largest bank amongst the private sector banks in India, and has a well-established presence across the nation with over 630 branches across 375 cities in India and a wide network of more than 2000 ATMs. The Yes Bank’s headquarter is in Mumbai and has won numerous awards for its wide gamut of businesses including transaction banking, treasury, investment banking, etc.
Yes Bank offers its patrons some amazing car loan schemes backed with attractive interest rates for any model of the four-wheeler. The bank offers financing of up to 90% on particular list of car models and the loan amount to be disbursed is quite high. Apart from this, the borrowers can choose from a number of repayment options available for a tenure ranging between 1-7 years.
Yes Bank car loans come with a myriad of user-friendly features that allow the customers to enjoy maximum benefits while making their dream come true of owing their favourite car. Mentioned below are some of the favourable features of Yes Bank Car Loan:
The interest rates offered to borrowers are based on varied eligibility criteria and ranges from 10.25% to 12.25%. Mentioned below are other charges that one should be aware of at the time of applying for the Yes Bank Car Loan:
Points to ponder for getting favourable interest rates
There are a number of factors that decide whether an applicant is eligible for the Yes Bank Car Loan. Mentioned below are some of the requirements that make an applicant eligible for loan approval:
Applicants in the following fields can avail a Yes Bank Car Loan:
Moreover, the eligibilities of the applicant are listed as follows as per their employment type:
Self employed individuals
Private limited Companies
Mentioned below are the documents that are required for processing your Yes Bank Car Loan:
Other than the above documentation, application form duly filled along with passport sized photographs is required for processing the Yes Bank Car Loan.
1. What documents are required that need to be attached along with the Yes Bank Car Loan application?
Here is the list of all the documents that should be attached with the car loan application:
2. What is the processing fees charged by Yes Bank for car loan approvals?
Mentioned below is the processing fees paid in case of car loan application:
3. Is there any foreclosure charges taken by Yes Bank for car loan?
Yes Bank does not allow partial pre-payment for car loans. Here are some of the foreclosure charges details for Yes Bank Car Loan:
4. What is the repayment tenure for Yes Bank Car Loan?
The car loans from Yes Bank have the flexibility of repayment from a minimum of 1 year to a maximum of 7 years.
5. What are the documents required by Bank as income proofs of salaried individuals?
The bank asks for salary slips of past 3 months and the form 16 issued by the organization the borrower works in.
6. Is there any minimum income requirement for applying for car loans from Yes Bank?
Yes, the bank has a minimum income requirement; it is listed as follows:
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