Car Loan 

Yes Bank Car Loan – Interest Rates 2024, Documents, Eligibility

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Compare Yes bank car loan interest rates 2024. Get details on Eligibility, Documents, Loan amount EMI, Processing fees & repayment options on Yes bank vehicle loan schemes. YES BANK car loan is quick and comes with exclusive features like up to 100% on road funding, flexible repayment schedules and attractive interest rates With affordable auto loan solutions, get the dream car you want without any hassles!

Yes Bank Car Loan Interest Rates

Loan Products Interest Rates
Car Loan 8.59 – 12.71
Used Car Loan 9.94 – 19.65
Two Wheeler loan 11.60 – 21.03
Used Two Wheeler Loan 12.67 – 18.23

Features or Why to yes bank for car loans:

  • Car Loans available to :
    • – Individuals
    • – Proprietorship Firms
    • – Partnership Firms
    • – Public / Private Limited Companies
  • LTV of upto 90% on select models
  • Attractive Interest Rates
  • Min and max loan amount of Rs 1 Lac and Rs 5 Crore resp
  • Min and max tenor 1 to 7 years
  • Multiple repayment options

All of the above is subject to terms and conditions and credit is at the sole discretion of Yes Bank Ltd

Eligibility Criteria Required for Vehicle loans from Yes Bank:

  • Salaried Individuals
    • Minimum age of the applicant at the time of loan application : 21 years
    • Maximum age of the applicant at the time of loan maturity : 58 years
    • Minimum Annual Income : Rs 3 Lacs, eligibility will be based on Latest 3 months salary slip / Form 16
    • Minimum working experience of 2 years & 1 year in current job.
  • Self Employed Individuals
    • Minimum age of the applicant at the time of loan application : 21 years
    • Maximum age of the applicant at the time of loan maturity : 65 years
    • Minimum Annual Income : Rs 2 Lacs, eligibility will be based on Last 2 yrs ITROROne previous year ITR and Adv. Tax Challan of current year showing higher tax paid than previous year
    • Minimum 2 years in same business
  • Partnership Firms
    • Minimum Annual Income : Rs 2 Lacs, eligibility will be based on Audited Financials for the last 2 yrsORLast 2 years ITR if Audited Financials are not available
    • Total 2 years in same business
  • Pvt. Ltd. Co. / Ltd. Co.
    • Minimum Annual Income : Rs 2 Lacs, eligibility will be based on Last 2 years ITR & Audited financial statement
    • Total 2 years in same business

Credit at the sole discretion of Yes Bank Ltd

List of Documents Required for Yes Bank Car Loan

Pre-Approval Documents

  • Duly filled up application form
  • Latest Photograph
  • KYC Docs as per Yes Bank Ltd Policy
  • Income Proof
  • Bank Statement
  • Signature proof verification
  • Proforma Invoice

Post-Approval / Pre Disbursement Documents

  • Loan Agreement duly signed with RTO set
  • Post Dated Cheques (PDCs) / ECS Form / Standing Instruction(SI) Request with security PDCs as applicable
  • Margin Money Receipt

 

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