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Interest Rate | 9.25% |
Processing Fees | Up to 1% |
Loan Tenure | Up to 7 years |
Pre-closure Charges | 6% of principal outstanding within 6 months to 24 months from 1st EMI, 5% thereafter |
Guarantor Requirement | No Guarantor Required |
The above mentioned interest rates are subject to change as per the revised GST rates.
When it comes to car loans, YES BANK has emerged as one of the preferred choice amongst people looking to purchase their ideal set of wheels. The bank’s slogan ‘Say YES to your BIG car dream’ is in perfect sync with the Bank’s popularity, its core value of providing comprehensive car loans that match the customers’ taste as per the automobile of their choice, and its overall loan approval and dispersal machinery that is transparent and hassle free.
Mr. Sharma was tired of taking a cab every day. We helped him get his own car. Explore Car Loans
YES BANK car loans come attached with attractive interest rate, multiple repayment options with the tenure stretching from 1 to 7 years and the availability of loans for a wide segment of the Indian population. An assurance of speedy document processing and coverage of up to 90% of the car value (on select models), alongside a minimum and maximum loan amount of Rs.1 lakh and Rs.500 lakhs respectively, make car loans from YES BANK an ideal proposition for the serious buyer.
To apply for YES BANK’s car loans, the following documents need be produced at the time of application (pre-approval stage):
The following documents must be produced post- approval/ pre-disbursement:
The YES BANK car loan option is ripe with many customer friendly features. First up, it’s available to a wide customer bracket- individuals, proprietorship firms, partnership firms and public or private limited companies. Next, for select models, the loan provides a coverage of up to 90% on the vehicle cost and seals the deal with some very competitive, attractive interest rates. The loan ensures a minimum pay-out of Rs.1 lakh, while the maximum amount could be Rs.500 lakhs. Also, multiple repayment options are available with the payback tenure ranging from 1 to 7 years.
The eligibility criteria to attain a YES BANK car loan rests on multiple factors, with the requirements differing for various target groups, as listed below-
For Salaried Individuals:Compliance of the simple requirements listed above puts the applicant on the fast-track to a robust car loan from YES BANK, in turn leading to his/her cherished set of wheels.
Purchasing a car is a big investment. Therefore, it is advisable to make an informed decision about your auto financing options. Here are some important factors that you should take into account when taking a car loan to purchase a car of your choice:
Yes Bank Car Loan Service Charges and Fees
Charges | Amount |
---|---|
Part prepayment Charges | Part prepayment is allowed only after 12 EMI payments. It can be done only twice during the loan tenure and only once a year. Part prepayment can’t be more than 25% of the principal outstanding. 5% on the part prepayment amount within 13-24 months of first EMI. 3% on the part prepayment amount post 24 months of first EMI. |
Loan reschedulement/rebooking Charges | Rs.1,000 |
Loan cancellation Charges | Cancellation can be done only before clearance of the first EMI. Rs.1,000 |
Stamp Duty Charges | At Actual |
Documentation Charges | Rs.600 per case |
Cheque Swapping Charges | Rs.750 per transaction |
Cheque Bounce Charges | Rs.750 per bounce |
CIBIL Charges (only on request) | Rs.50 |
Commercial/Personal Use NOC (conversion subject to credit approval) | Rs.2,250 per NOC |
Collateral Charges | Rs.450 per case |
Late Payment Charges | 2% per month |
Duplicate NOC/NDC Issuance Charges | Rs.750 per NOC |
Loan Statement Charges | Rs.750 per statement |
Amortisation Schedule Charges | Rs.750 per schedule |
Special NOC | Rs.500 per request |
You can opt to apply for a car loan using one of the following methods.
Yes Bank provides car loan application forms at its bank branches or on its website online.
You can purchase any kind of four-wheeler with a loan from Yes Bank. The car should be bought for personal use.
To apply for a car loan on the Yes Bank website, follow these simple steps.
No, there is no option on the Yes Bank website.
Skoda India is looking to fortify its brand image in India with improved sales and services. The company is offering a 4-year roadside assistance cover with an optional 4-year maintenance package. Digital ownership experience through MySkoda app and iService app are other offerings from the company. An AI-enabled chat bot is also available for customer support activities.
Additionally, the car manufacturer has revamped its dealerships throughout India. The Package Pricing System Online (PPSO) has been merged with Auto Part which is the company’s analytical and inventory management tool. This is expected to help with the pricing of jobs, uniformity in charges, spare parts stocking, and overall transparency.
23 August 2018
The 10,000th vehicle from the SriCity factory of Isuzu Motors India was rolled out recently. The vehicle was a D-MAX V-Cross. The SriCity plant is located in Andhra Pradesh and has been in operation since April 2016. The factory has been producing the MU-X family SUV, D-MAX V-Cross Adventure Utility Vehicle, and D-MAX S-CAB/regular cabs for commercial use. It is one of Isuzu’s key manufacturing plants on a global scale. The plant exports vehicles to Bhutan and Nepal as well.
The Managing Director of the company said that the rollout of the 10,000th vehicle from the manufacturing facility is a landmark for the company’s operations in India. He said that the company will continue to deliver quality and value through its products.
16 July 2018
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