Yes Bank Car Loan

If the lack of finances are creating bumps in your road to that one dream car then you can have a financial hand from Yes bank and bring your desired vehicle home. Yes bank car loans can be availed to buy a new or old car at affordable interest rates and low processing fees. The bank brings car loan options suiting different requirements of individuals. On the top, the Yes bank vehicle loans come at up to 100% financing for easy loan repayment tenure options that range 1 year to 7 years. 

Yes Bank Car Loan Highlights

Yes Bank Car Loan Features

Here are the notable features of Yes bank car loan that you may want to consider:

1. Purpose : Yes bank car loans provide financial help to the individuals who want to buy their desired car. The lender offers car loan options for new as well as old cards that are designed to meet requirements of different borrowers. 

2. Loan amount : Yes bank car loans bring up to 90% of the car value to prospective buyers. Apart from that, the bank also offers customers up to 100% financing on select models. Yes bank car loan amount also depends on the age and model of car and besides that, it is decided by applicant’s profile. 

3. Attractive interest rates : Yes bank car loan interest charges start at 9.25% and are subject to the model and age of car. 

4. Flexible Loan Repayment Tenure : Yes bank offers flexible repayment tenure options to the customers. The Yes bank car loan repayment tenure options range from 1 year to 7 years. 

5. No guarantor required : Yes Bank is an unsecured loan that's why it does not require any security and guarantor for car loan.

6. Prepayment : The bank allows you to prepay your Yes bank car loan amount. You can foreclose Yes bank car loan after 6 months of loan installments. The bank charges borrowers a prepayment penalty in this case. 

Here are the prepayment charges during different tenures:

• For prepayment within 7 months to 12 months: 6% of outstanding principal amount
• For prepayment within 13 months to 24 months: 5% of outstanding principal amount
• For prepayment after 24 months: 3% of outstanding principal amount

Yes Bank Car Loan Fees & Charges

Yes Bank Car Loan Eligibility

You have to meet certain Yes bank car loan eligibility requirements set by the lender in order to get the car loan easily. Failing the  eligibility criteria for Yes car loan can result in rejection of your loan application. It is must that you go through the Yes bank car loan eligibility criteria before you apply for the loan.

Here is the eligibility criteria for Kotak Mahindra car loan:

• Indian residents can apply for a Yes bank car loan. 
• Salaried individuals and self employed individuals can apply for this loan.
• Businessmen and partnership firms can also apply.
• Minimum age of Loan applicants must be at least 21 years when applying for car loan. 
• Maximum age of individuals should not exceed 58 years at the time of completion of loan period.
• Individuals have to show the proof of residence stability. 
• Individuals must have all the necessary documents. 

Documents Required for Yes Bank Car Loan

Here are the documents required for Yes bank car loan application:

COMPARE OTHER BANK CAR LOAN INTEREST RATE:

How to Apply for Yes Bank Car Loan?

You can apply for a Kotak Mahindra car loan either offline or online. Here is how you can apply:

• Apply for a Yes bank car loan offline

You can go to the nearest branch of Yes bank to apply for a Yes bank car loan offline. At the bank branch branch, you will be required to fill out the Yes bank car loan application form. When you visit the bank, ensure that  you carry all the important documents that will be needed for the car loan application procedure. 

• Apply for a Yes bank car loan online

Here is how to apply for Yes bank car loan application online:

• Go to the official website of Yes bank.
• Click and expand the “Personal Banking” menu.
• After that, click on the “Individual” menu and select the “Loans” option. 
• Find and click the “Car Loan” product.
• Fill out the form that appears on the next page. 
• Now that you entered the required details including your mobile number and city, you need to hit the “Submit” button. 

Yes Bank Car oan Customer Care

You are just one call away from the solutions for any query, grievances or complaints that you have related to the Yes bank car loans . If you want any assistance with the Yes bank car loan or you want to raise any query then you can reach out to the Yes bank customer care.

Here is the Yes bank car loan customer care number: 

1800-419-1717

FAQs On Yes Bank Car Loan 

Q.1 Can I prepay my Yes bank car loan?

Yes, the bank allows car loan borrowers to make prepayment of Yes bank car loans. You can prepay your Yes bank car loan amount after completing 6 months of installments. 

Q.2 How can I apply for a Yes bank car loan?

You can visit the nearest Yes bank branch to apply for Yes bank car loan offline. Alternatively, you can go to the official website of Yes bank and apply for the loan online. 

Q.3 What is the loan amount provided by Yes bank for car loans?

Yes bank offers 905 of the value of the car. The Yes bank loan amount ranges from Rs 1 lakh to Rs 500 lakh.