If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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  • YES BANK Car Loan Eligibility Calculator is Rated as "Excellent!" by 17 Users

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    YES BANK Car Loan Eligibility Calculator

    YES BANK Car Loan Eligibility Overview

    YES BANK is one of India’s leading private sector banks with a strong presence across the nation. It has a wide branch network in all of the 29 states and 7 Union Territories of India and has its headquarters in Mumbai. YES BANK currently has about 630 branches and over 1150 ATMs across cities in India.


    YES BANK offers a convenient and affordable car loan scheme to its customers. The loan amount provided depends solely on the Bank’s discretion. This car loan scheme is customized to meet the requirements of every individual and is easy to access. It can be availed by public sector companies, proprietary and partnership firms, individuals, private limited companies, etc. The interest rate offered by the bank on the car loan is comparatively low, accompanied by flexible loan tenures that ranges from 1 year up to 7 years. The loan quantum can range from Rs. 1,00,000 to Rs. 5,00,000.

    Apply for Car Loan Online

    YES BANK Car Loan Eligibility Criteria

    Salaried Individuals

    • The applicant should be at least 21 years old at the time of applying for the car loan.
    • The applicant should not be over 58 years of age at the time of maturity of the loan.
    • A salaried applicant should earn a Annual Income of at least Rs. 3,00,000 and also provide his/her last 3 months’ salary slip or Form 16
    • A salaried applicant must have a work experience of at least 2 years, and should have been working with the current employer for at least a year.

    Self Employed Individuals

    • The applicant should be at least 21 years old at the time of applying for the car loan.
    • The applicant should not be over 65 years of age at the time of maturity of the loan.

    The applicant must meet at least one of the following eligibility criteria:

    • A self-employed applicant should earn a Annual Income of at least Rs 2,00,000 and also provide his/her latest 2 years’ Income Tax Returns.
    • Previous year’s Income Tax Returns and current year’s Tax Challan indicating a higher tax paid compared to the previous year.
    • A self-employed applicant must have been in the same business for at least 2 years.

    Partnership Firms

    • Partnership firms earning an Annual Income of at least Rs 2,00,000 will be eligible for a YES BANK car loan, provided that the firm is able to submit their latest 2 years’ Audited Financials.

    If the above criteria cannot be met, the applicant must meet at least one of the following eligibility criteria:

    • If the audited financials is not available, the last 2 years’ ITR can be submitted.

    Private Limited Companies / Public Limited Companies

    • Private Limited companies and Public Limited Companies should earn an Annual Income of at least Rs. 2,00,000 and should be able to submit the Income Tax return statement of the last 2 years along with the Audited financial statement.
    • The company must have been in the same business for at least 2 years.

    Factors affecting YES BANK Car Loan Eligibility

    • YES BANK will check an applicant’s credit report before processing your loan application and the CIBIL score reflects your financial records. A low credit score can negatively affect your YES BANK Car Loan eligibility. Whereas, a high credit score reflects well on the applicant’s repayment capacity and he/she has a better chance of getting the loan approved.
    • Debt-to-Income Ratio: YES BANK not just analyzes an individual’s income but also his/her debt-to-income ratio as well. This gives the Bank an insight into the debt burden of a particular applicant as compared to income earned by him/her. This ratio helps the Bank to evaluate the borrower’s creditworthiness and repayment capability.
    • Downpayment: By paying a large portion of the invoice value of the car as downpayment, for the car, a borrower requires only a lesser loan amount to finance the purchase of the car. The Bank considers this as a constructive point in evaluating the applicant’s creditworthiness. The higher the loan margin, the greater the car loan eligibility of the applicant since Banks are assured of lower risk and quicker repayment.
    • Those who fall within a particular age group can easily avail a car loan from YES BANK. Older applicants find it harder to receive a positive evaluation since there are more risks in repayment involved.
    • By applying for a shorter car loan repayment tenure, an applicant can increase his eligibility. This is because a shorter tenure means faster repayment of loan. Hence the terms of loan approval by YES BANK might be more favorable to the applicant.

    How to increase your YES BANK Car Loan Eligibility

    • Improve your Credit History/ CIBIL Score:
      • Consistently pay back all credit dues to improve your CIBIL score.
      • Avoid taking several unsecured loans (e.g.: credit cards, personal loans, etc.). Having secured and unsecured loans in a balanced manner is viewed favourably by the Bank.
    • co-signed and joint accounts have to be checked regularly since it affects your credit score.
    • A guarantor with good social standing who vouches for you increases your chances of getting a car loan approval from YES BANK.
    • By providing a collateral or security to the bank in exchange for the car loan, you can increase the Bank’s trust in your repayment capacity and strengthen the probability of getting your loan approved.

    YES BANK Car Loan Eligibility Calculator

    You can easily find out whether or not you are eligible for a YES BANK car loan without having to visit the Bank’s branches or getting in touch with customer care centers. You can use the online car loan eligibility calculator which is available free of charge to get an immediate answer. All you need to provide are details such as the car of your choice, its model, price, your date of birth, salaried/ self-employed, income, etc. By clicking on the on the “calculate” tab, you can find out your car loan eligibility status.

    YES BANK Car Loan Reviews

    • YES Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good service from YES bank for my car loan service the interest rate they offered me was 6.7 which is fine compare to others the customer service is good and the documents have been collected from my door step ,so the process was very easy with YES bank for my car loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2017
    • YES Bank Car Loan
      "Process is good & swift"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from YES Bank and the process was very much convenient where documents are concerned and the the disbursement was on time too. The interest rate was a bit on the higher side. It was around 8.8% and the processing charges are good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2017
    • YES Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Response given by yes bank for my car loan process was very fast. They approved the loan with simple documents collection. Customer service is always good in reminding us about our emi date. . They are very quick in their process. With in two days they have approved and sanctioned my loans.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 28, 2017
    • YES Bank Car Loan
      "Very good approach"
      0.5 4.0/5 "Great!"
      YES car was very prompt in responding, the person came to my place and completed the documentation process in a week's time. But they are yet to come back to me regarding the eligibility regarding the maximum loan sanction amount . But it is the only Bank which provides the option for foreclosure. Name of the car model shortlisted was MARUTI SUZUKI BALENO alpha.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 26, 2017
    • YES Bank Car Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I have got the car loan with the Yes bank and the loan amount got disbursed within a week of time. I would like to say that the response is good one for me with them and the customer service is also fine one for me and I don't have any issues on it.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • YES Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The car loan process was very smooth and easy with YES bank, YES bank has got working people as their executives., They have approved my car loan within 1 week of time. The rate of Interest was nominal with YES bank when compared with others...
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 07, 2017
    • YES Bank Car Loan
      "Easy process to get a loan"
      0.5 4.0/5 "Great!"
      I have taken my car loan from YES Bank. The good thing about this loan was, I only had to submit my documentation to the dealer and he supported me in forwarding the same to the bank. It was minimal paper work. The interest rate and processing charges is normal.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 29, 2017
    • YES Bank Car Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      I have taken my car loan from YES Bank and I am happy with the process as I received the loan on time and as needed. The documentation is normal and I got options on the foreclosure and part payment features too. The interest rate is of 8.78% and the charges was also normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2017
    • YES Bank Car Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      Within 2 days of time the Yes bank has disbursed my car loan. The required loan amount has been approved and disbursed and I am happy with their services. The customer service and the response provided by YES bank is good. The rate of interest is low with Yes bank. I am very much happy with the service provided by YES Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • YES Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got the car loan from Yes bank in 24 hours of time, I have submitted my documents at 11 am and the loan amount got disbursed after 6 pm, I would say it was an instant car loan. The rate of interest is nominal when compared with others, The customer service and the response was good with Yes bank. The service offered by Yes bank was really quick and fast, the original documents which I have submitted was returned in 15 days after the disbursement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2017
    • YES Bank Car Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      Response given by YES bank for my car loan process was very fast. They approved the loan with simple documents collection. Customer service is always good in reminding us about our EMI date. . They are very quick in their process. With in 15 days they have approved and sanctioned my loan which I had applied was for 4 lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 01, 2017
    • YES Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Response given by yes bank for my car loan process was very fast. They approved the loan with simple documents collection. Customer service is always good in reminding us about our emi date. . They are very quick in their process. With in two days they have approved and sanctioned my loans.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 01, 2017
    • YES Bank Car Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      My car loan got approved and disbursed within 2 days of time with YES BANK. The response and the follow up is really good and prompt with yes bank. The rate of interest is nominal with Yes bank. The documentation process also went smooth and easy here.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 09, 2017
    • YES Bank Car Loan
      "Good interaction but rates were high"
      0.5 3.0/5 "Satisfactory"
      What stopped me from going ahead with YES bank second hand car loan was the rate of interest which was 11% which I felt was on the higher side and was not affordable as well. To top of that, I was unsure about the processing fee charged by them, as I did not discuss further with them as the rates were higher. On the other hand, the interaction that I had with their executive was pretty good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 04, 2016
    • YES Bank Car Loan
      "Very Nice"
      0.5 4.0/5 "Great!"
      Yes bank was very new to me when I took a car loan with them. But I became absolutely fine during my car loan process. I needed a yellow board vehicle, this bank offered the loan to me at an interest rate of 11-12%. This rate is not possible with other banks. My loan was disbursed within 10 days.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 16, 2016
    • YES Bank Car Loan
      "satisfied..."
      0.5 4.0/5 "Great!"
      I am using it for eight months and before the payment date the YES bank drop me the message as they give proper reminder. Car loan interest is 11% and service charge is nil that time. They processing time is not fast as the YES bank can improvise on that.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 14, 2016
    • YES Bank Car Loan
      "Its Very Good"
      0.5 5.0/5 "Blown Away!"
      Response given by yes bank for my car loan process was very fast. They approved the loan with simple documents collection. Customer service is always good in reminding us about our emi date. The bank offered me the ex showroom price for the car which i purchased. They are very quick in their process.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2015
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