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YES BANK Two Wheeler Loan

Loanmani- YES BANK

Yes Bank is a private sector bank in India that offers a range of financial products and services, including two wheeler loans. A two wheeler loan from Yes Bank is a type of loan designed to help customers purchase a motorcycle or scooter. With a Yes Bank two wheeler loan, customers can buy a new or used two-wheeler and repay the loan over a period of 12 to 60 months, depending on their preference and eligibility.

One of the key benefits of a Yes Bank two wheeler loan is that it allows customers to purchase a vehicle without having to pay the entire cost upfront. Instead, they can repay the loan in easy instalments, which can help them manage their finances better. The bank offers competitive interest rates, which vary based on factors such as the loan amount, the customer's credit history, and the cost of the vehicle. The maximum loan amount for a Yes Bank two wheeler loan is up to 85% of the on-road price of the vehicle, subject to the customer's eligibility.

12.00 %

Advertised Rate

1 - 5 Years

Available Terms

750

Credit Score

1 L - 5 L

Loan Amount

Why Choose YES BANK

  1. Wide network of branches and ATMs across India
  2. Competitive interest rates
  3. Quick loan approval and disbursal
  4. Flexible repayment options
  5. Customized loan solutions based on the borrower's requirements


YES BANK Eligibility Criteria

  1. The applicant should be at least 18 years old at the time of loan application
  2. The applicant should have a valid driving license
  3. The applicant should have a steady source of income


YES BANK Fees & Charges

  1. Processing fee - Up to 1% of the loan amount
  2. Documentation charges - Rs. 500
  3. Penal interest - 2% per month on the overdue installment amount
  4. Foreclosure charges - Up to 3% of the outstanding principal amount
  5. Prepayment charges - Nil if the loan is prepaid from own sources


YES BANK Features & Benefits

  1. Quick loan approval and disbursal
  2. Attractive interest rates
  3. No prepayment penalty if the loan is prepaid from own sources
  4. Flexible repayment tenure
  5. Hassle-free loan application process


YES BANK Required Documents

  1. Identity Proof - PAN Card, Aadhaar Card, Passport, Driving License
  2. Address Proof - Aadhaar Card, Voter ID, Passport, Utility bills
  3. Income Proof - Latest salary slips, bank statements, Income Tax Returns


FAQs on YES BANK Two Wheeler Loan

1.What is a Yes Bank Two Wheeler Loan? 

A: Yes Bank Two Wheeler Loan is a type of loan provided by the bank to help customers purchase a two-wheeler, such as a motorcycle or scooter. The loan can be used to purchase new or used two-wheelers.

2.What is the interest rate for Yes Bank Two Wheeler Loan? 

A: The interest rate for Yes Bank Two Wheeler Loan varies based on factors such as the loan amount, the customer's credit history, and the cost of the vehicle. The interest rate can range from 9.25% to 14.20% per annum.

3.What is the maximum loan amount I can get for Yes Bank Two Wheeler Loan? 

A: The maximum loan amount for Yes Bank Two Wheeler Loan is up to 85% of the on-road price of the vehicle. However, the loan amount may be lower based on the customer's eligibility and other factors.

4.What is the repayment period for Yes Bank Two Wheeler Loan? 

A: The repayment period for Yes Bank Two Wheeler Loan can range from 12 months to 60 months, depending on the customer's preference and eligibility.

5.Can I prepay my Yes Bank Two Wheeler Loan? 

A: Yes, you can prepay your Yes Bank Two Wheeler Loan. However, there may be prepayment charges, which will depend on the terms and conditions of the loan.

6.What documents are required to apply for Yes Bank Two Wheeler Loan? 

A: The documents required to apply for Yes Bank Two Wheeler Loan may include identity proof, address proof, income proof, and vehicle-related documents such as registration certificate and insurance.

7.How can I apply for Yes Bank Two Wheeler Loan? 

A: You can apply for Yes Bank Two Wheeler Loan online by visiting the bank's website or by visiting any Yes Bank branch. You can also apply through a dealer if you are purchasing a vehicle from a dealer.

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