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Yes Bank Car Loan EMI Calculator

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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