YES Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 10.25 % to 12.25 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 7 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee - depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about YES Bank

Yes Bank is a private bank. It is private bank in India. It’s headquarters in Mumbai. It’s have 900 branches in India. When it comes to Car Loans. YES Bank has emerged as one of the preferred choice amongst people looking to purchase their ideal set of wheels.its core value of probiding comprehensive car loans that match the cusomter’s taste as per the automobile of their choice,

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans loweryour eligibility
Pay off your credit card bills
Choose longer tenure loan up to 7 years

Rate of Interest and Other Charges for New Car Loan are following

Rate of interest for Yes bank new car loan:

Sno.

Loan Type

Rate of Interest

1

New Car Loan(Floating)

10.25% to 12.25%

 

Existing Loan take over or New Loan

Features or Why to yes bank for car loans

  • LTV of up to 90% on select models
  • Get Attractive Interest Rates
  • Min and max tenor 1 to 7 years
  • Multiple repayment options
  • Min and max loan amount of Rs 1 Lac and Rs 5 Crore.
  • Car Loans available to all.

Features of Loan

Features of  YES Bank car loan

  • Here are Multiple repayment options
  • Yes Bank Car Loans are available to Individuals, Proprietorship Firms, Partnership Firms, Public / Private Limited Companies
  • You can choose Loan tenure ranges from 1 to 7 years
  • LTV of up to 90% on select models
  • Yes Bank Provides Attractive interest rates
  • Minimum loan amount is Rs. 1 Lac and maximum is Rs. 500 Lacs

Documents Required for applying Car loan with HDFC Bank

  1. Age Proof (Any one from these)
  • PAN Card
  • Passport
  • Voter ID
  • Aadhaar Card
  • School or College Leaving Certificate.
  1. Identity Proof (Any one from these)
  • PAN Card
  • Passport/Voter ID
  • Aadhaar Card
  • Driving License
  1. Residence Proof (Any one from these)
  • Passport
  • Voter ID
  • Electricity Bill
  • Telephone Bill
  • Life Insurance Policy
  1. Signature Verification Proof
  • PAN Card
  • Passport
  • Aadhaar Card
  • Any Other Documents Supporting Signature Proof
  1. Bank Statement
  • Bank Statement of Last 3-6 Months
  1. Income Proof

                  For Salaried-

  • Salary Slip of Last 3-6 Months.
  • Form 16 of Last 2 years.

                  For Self Employed-

  • ITR of Last 3 Years Profit & Loss A/C Statement
  • Audited Balance Sheet for Last 3 Years