Yes Bank Car Loan EMI Calculator | Credit Help India

YES BANK CAR LOANS

Yes Bank was founded by Ashok Kapur and Rana Kapoor and is India's fourth-largest private bank. National and international acclaim has been bestowed upon the bank. The RBI has granted it the only Greenfield license.
Yes, Bank provides consumers with low-interest car loans to help them purchase their dream car, whether new or used. If you have a good credit/CIBIL score, you will be able to easily obtain a loan.

YES BANK USED CAR LOAN ELIGIBILITY

 

Salaried Individual

1.Age: 21-60 years of age.

2.Net Monthly Income: should be minimum ₹ 15000.

3.Employment Duration: Minimum one year.

4.Income Eligibility: Depends on Form no. 16 and Salary Slip.

Self-Employed Individuals

1.Age: 21-65 years of age.

2.Minimum ITR: Rs. 4 lakh, Rs. 18 lakhs. (for selected car models)

3.Employment Duration: Minimum three years.

4.Income Eligibility: Depends on the latest Income Tax Returns.

Self-Employed Non-Individuals (Company/Partnership)

1.Minimum ITR: Rs. 4 lakh, Rs. 18 lakhs. (for selected car models)

2.Employment Duration: Minimum three years

3.The applicant has to present IT returns and audited financials of two years with Calculated Income.

Priority Customers

1.Applicant should have a vintage of at least six months.

2.Average Quarterly Balance: Minimum Rs.1 lakh for last 2 quarters.

3.Maximum Loan Amoun: 3 X Average Quarterly Balance of Last 2 quarters.

YES BANK USED CAR LOAN INTEREST RATE, FEES AND CHARGES

Charges

New Car Loan

Used Car Loan

Interest Rate

7.50% p.a.

9.25% p.a.

Processing fee

Up to 1% of the loan amount.

Up to 1% of the loan amount.

Issuance of Duplicate Repayment Schedule Charges

Rs.500 per instance.

Rs.500 per instance,

Foreclosure Charges

6% of principal outstanding within six months to 24 months from 1st EMI, 5% thereafter.

6% of principal outstanding within six months to 24 months from 1st EMI, 5% thereafter.

Penal Interest

2% per month

2% per month

HOW TO APPLY FOR YES BANK CAR LOAN?

There are two ways to get a car loan with YES BANK i.e.
Offline Method: By going to a Yes bank branch near you.
Online Method:

  • Visit yes bank official website.
  • On the home page click on go to “Personal Banking” section.
  • Now go to on “Individual” section and then click on “loans”.
  • Select the “Car loan”.
  • Click on apply now and complete the application form carefully.
  • Attached are all mandatory documents with the application form and submit it.
  • Now wait for few minutes and you will notice soon whether you are eligible for a loan or not.

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