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Yes Bank Car Loan

Bank Link

https://www.yesbank.in/personal-banking/yes-individual/loans/car-loans
Loan Amount

Minimum loam amount INR 1 Lakhs, Maximum loan amount INR 500 Lakhs
Interest Rate

10.25% to 12.25%
Tenure

12 months to 84 months
Pre Payment Charges

Part prepayment is allowed subject to completion of 12 months (i.e., Post payment of 12 EMIs) Part prepayment will be allowed twice only during loan tenure. Part prepayment is allowed only once a year. At any point of time, part prepayment will not increase beyond 25% of Principal Outstanding 3% of principal being pre-paid
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

Processing Charges Amount - For New Car Upto 1% of Loan Amount or Rs.10000 whichever is lower.

Processing Charges Amount - For Used Car 2% of loan amount or ₹6,000 whichever is lower.

Other Charges

Prepayment charges

From 07 months to 12 months (from 1st EMI) - 6% of outstanding

From 13 months to 24 months (from 1st EMI) - 5% of outstanding

Post 24 months (from 1st EMI) - 3% of outstanding

Docs Introduction

Complete and signed application form

Recent passport-sized photographs

Post-approval: Loan agreement duly signed with RTO set

For standard security, post-dated cheques (PDCs)/ECS form as applicable

Self
Minimum Age (in yrs.)

Min. 21 years, Max. 65 years
Minimum Income (in Rs.)

Minimum Annual Income Rs. 2 Lakhs
Minimum Work Experience (yrs.)

Minimum 2 years in the same business
Residence Status (yrs.)

A proof of residence is required to show whether you live in an owned, parental owned or rented accommodation.
Id Proof

Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card/Employe ID card/Any other valid proof
Address Proof

Ration card/ Telephone or Electricity Bill/Any other valid proof
DOB Proof

Information not available
Other Docs

Self Employed Individuals:

  • Income Tax Returns for the last 2 years,

  • The Income Tax Return for the previous year, as well as an advance tax challan for the current year that shows higher tax paid as compared to the previous year
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

Min. 21 years, Max. 58 years
Minimum Income (in Rs.)

Minimum Annual Income Rs. 3 Lakhs
Minimum Work Experience (yrs.)

Minimum 2 years with at least 1 year of working in the current job
Residence Status (yrs.)

A proof of residence is required to show whether you live in an owned, parental owned or rented accommodation.
Id Proof

Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card/Employe ID card/Any other valid proof
Address Proof

Ration card/ Telephone or Electricity Bill/Any other valid proof
DOB Proof

Information not available
Other Docs

For Salaried Individuals:

  • 3 months’ salary slips,

  • Form 16
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
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