Yes Bank India - Car Loans

---

Overview

Yes Bank India offers car loans for individuals looking to purchase a new or used vehicle. With competitive interest rates and flexible repayment options, Yes Bank makes it easy to finance your dream car.

Features

• Loan amounts up to 100% of the on-road price of the vehicle.
• Flexible repayment options ranging from 12 to 84 months.
• Competitive interest rates based on creditworthiness.
• Quick approval process with minimal documentation.
• No prepayment charges on early closure of the loan.

Eligibility Criteria

• Minimum age of 21 years and maximum age of 58 years at the time of loan maturity.
• Minimum annual income of INR 2.4 lakhs for salaried individuals and INR 3 lakhs for self-employed individuals.
• Good credit history and repayment capacity.

Documents Required

• Proof of identity (Aadhaar card, passport, driver's license)
• Proof of address (utility bill, ration card, rental agreement)
• Proof of income (salary slips, bank statements, IT returns)
• Vehicle documents (invoice, registration certificate, insurance)

How to Apply

Interested individuals can visit the nearest Yes Bank branch or apply online through the bank's website. The application process is simple and quick, with loan disbursal usually within a few days.

Contact Information

For more information on Yes Bank car loans, you can contact the bank at:

Phone: 1800 1200

Email: loans@yesbank.in

---

Yes Bank Car Loans FAQs

---

1. What are the eligibility criteria for a Yes Bank car loan?

Applicants must be between 21 and 60 years old, have a minimum income of INR 2.4 lakhs per year, and meet Yes Bank's credit criteria.

2. What is the maximum loan amount offered for a car loan by Yes Bank?

Yes Bank offers car loans up to 100% of the ex-showroom price of the car or INR 90 lakhs, whichever is lower.

3. What is the repayment tenure for a Yes Bank car loan?

The repayment tenure for a Yes Bank car loan can be up to 7 years.

4. Is there a processing fee for a Yes Bank car loan?

Yes, there is a processing fee of up to 2% of the loan amount for a Yes Bank car loan.

5. Can I prepay my Yes Bank car loan?

Yes, you can prepay your Yes Bank car loan after 6 months of availing the loan, subject to certain terms and conditions.