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YES BANK Car Loan

Loanmani- YES BANK

Yes Bank car loans are designed to provide customers with easy and hassle-free financing options for purchasing a new or used car. With Yes Bank car loans, customers can avail loans of up to 100% of the ex-showroom price of the car, with flexible repayment tenures ranging from 12 to 84 months. The bank also offers competitive interest rates starting at 9.25% and up to 10.50%.

Applying for a car loan from Yes Bank is simple and can be done online through the bank's website or by visiting a branch. Customers will need to provide relevant documents such as identity proof, address proof, income proof, and details of the car they intend to purchase.

Yes Bank car loans also offer features such as prepayment options without penalty charges, balance transfer facilities, and the ability to customize the loan as per the customer's requirements. With Yes Bank car loans, customers can enjoy the convenience of owning a car while managing their finances effectively.

9.00 %

Advertised Rate

1 - 7 Years

Available Terms

750

Credit Score

1 L - 5 L

Loan Amount

Why Choose YES BANK

  • Competitive interest rates
  • Flexibility in loan repayment options
  • Easy eligibility criteria
  • Quick and hassle-free loan processing
  • No prepayment penalty


YES BANK Eligibility Criteria

  • Minimum age of applicant: 21 years
  • Maximum age of applicant: 65 years
  • Minimum annual income: Rs. 3 lakhs per annum
  • Should be a salaried individual or self-employed professional/businessman


YES BANK Fees & Charges

  • Processing fees: Up to 2% of the loan amount
  • Prepayment charges: Nil
  • Late payment charges: 24% per annum on overdue amount
  • Foreclosure charges: Nil


YES BANK Features & Benefits

  • Loan amount ranging from Rs. 1 lakh to Rs. 5 crores
  • Loan tenure ranging from 1 year to 7 years
  • Quick and hassle-free loan processing
  • High loan-to-value ratio (up to 100% of ex-showroom price)
  • No prepayment penalty
  • Balance transfer facility available


YES BANK Required Documents

  • Identity proof (PAN Card, Aadhaar Card, Passport, Driving License)
  • Address proof (Aadhaar Card, Voter ID, Passport, Utility Bill)
  • Income proof (salary slips, bank statements, income tax returns)
  • Passport-sized photographs


FAQs on YES BANK Car Loan

1.What is the maximum loan amount I can get for a car loan from Yes Bank?

The maximum loan amount that you can get for a car loan from Yes Bank is up to 100% of the ex-showroom price of the car.

2.What is the tenure for a car loan from Yes Bank?

The tenure for a car loan from Yes Bank can range from 12 months to 84 months (7 years).

3.What is the interest rate for a car loan from Yes Bank?

The interest rate for a car loan from Yes Bank can vary depending on various factors such as the type of car, loan amount, and your credit score. The interest rate typically ranges from 9.25% to 10.50%.

4.Can I prepay my car loan from Yes Bank?

Yes, you can prepay your car loan from Yes Bank without any penalty charges.

5.Can I apply for a car loan from Yes Bank online?

Yes, you can apply for a car loan from Yes Bank online through the bank's website. You will need to fill out an application form and submit the necessary documents such as identity proof, address proof, income proof, and details of the car you intend to purchase.

6.What are the documents required to apply for a car loan from Yes Bank?

The documents required to apply for a car loan from Yes Bank include identity proof, address proof, income proof, bank statements, and details of the car you intend to purchase.

7.Can I transfer my existing car loan from another bank to Yes Bank?

Yes, you can transfer your existing car loan from another bank to Yes Bank. This process is known as a balance transfer. By transferring your car loan to Yes Bank, you can enjoy lower interest rates and better terms and conditions.

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