Yes Bank Car Loan | Interest Rates | Documents | Eligibility

Compare Yes bank car loan interest rates 2018. Get details on Eligibility, Documents, Loan amount EMI, Processing fees & repayment options on Yes bank vehicle loan schemes.

Interest Rates = 10.25% – 12.25%
Non refundable Loan Processing Fees = Rs 5000/- to Rs 10000/-

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Professional Details
Loan Amount

Occupation

Annual Income

City

Features or Why to yes bank for car loans:

  • Car Loans available to :
    • – Individuals
    • – Proprietorship Firms
    • – Partnership Firms
    • – Public / Private Limited Companies
  • LTV of upto 90% on select models
  • Attractive Interest Rates
  • Min and max loan amount of Rs 1 Lac and Rs 5 Crore resp
  • Min and max tenor 1 to 7 years
  • Multiple repayment options

All of the above is subject to terms and conditions and credit is at the sole discretion of Yes Bank Ltd

Eligibility Criteria Required for Vehicle loans from Yes Bank:

  • Salaried Individuals
    • Minimum age of the applicant at the time of loan application : 21 years
    • Maximum age of the applicant at the time of loan maturity : 58 years
    • Minimum Annual Income : Rs 3 Lacs, eligibility will be based on Latest 3 months salary slip / Form 16
    • Minimum working experience of 2 years & 1 year in current job.
  • Self Employed Individuals
    • Minimum age of the applicant at the time of loan application : 21 years
    • Maximum age of the applicant at the time of loan maturity : 65 years
    • Minimum Annual Income : Rs 2 Lacs, eligibility will be based on Last 2 yrs ITROR

      One previous year ITR and Adv. Tax Challan of current year showing higher tax paid than previous year

    • Minimum 2 years in same business
  • Partnership Firms
    • Minimum Annual Income : Rs 2 Lacs, eligibility will be based on Audited Financials for the last 2 yrsOR

      Last 2 years ITR if Audited Financials are not available

    • Total 2 years in same business
  • Pvt. Ltd. Co. / Ltd. Co.
    • Minimum Annual Income : Rs 2 Lacs, eligibility will be based on Last 2 years ITR & Audited financial statement
    • Total 2 years in same business

Credit at the sole discretion of Yes Bank Ltd

List of Documents Required:

Pre-Approval Documents

  • Duly filled up application form
  • Latest Photograph
  • KYC Docs as per Yes Bank Ltd Policy
  • Income Proof
  • Bank Statement
  • Signature proof verification
  • Proforma Invoice

Post-Approval / Pre Disbursement Documents

  • Loan Agreement duly signed with RTO set
  • Post Dated Cheques (PDCs) / ECS Form / Standing Instruction(SI) Request with security PDCs as applicable
  • Margin Money Receipt