YES Bank Two-Wheeler Loan
If you are looking to purchase a two-wheeler vehicle for yourself, then you avail a two-wheeler loan from YES Bank. You can avail a loan amount of up to Rs.25 lakh for a tenure of up to 5 years. The rate of interest charged by the lender is attractive.
YES Bank Two-Wheeler Loan Details
Category | Features |
Interest rate | Contact the bank |
Loan amount | Up to Rs.25 lakh |
Tenure | Up to 5 years |
Features and Benefits of YES Bank Two-Wheeler Loan
- You can avail a loan of up to Rs.25 lakh.
- The tenure for which you can avail a two-wheeler loan from the lender is a maximum of 5 years.
- Part prepayment options available.
- You can avail up to 85% funding of the on-road value of the vehicle for select models.
- There are multiple repayment options available through which you can repay your loan.
- Documentation process is easy and minimal.
Documents Required
Given below is the list of documents you will have to submit while applying for YES Bank two-wheeler loan:
- Your latest photograph
- Duly filled application form
- Identity proof such as PAN, passport, Aadhaar, etc.
- Proof of income such as salary slip, IT Form, bank account statements, etc.
- Statement from bank
- Proof of verification of your signature
- KYC documents as asked for by the lender
- Proforma invoice
- Loan agreement duly signed with RTO set
- Receipts for margin money
- Post-dated cheques
Fees and Charges
Fees | Charges |
Documentation charges | Rs.499 |
Cheque bounce charges | Rs.750 per bounce |
Cheque swapping charges | Rs.750 per transaction |
CIBIL charges | Rs.50 |
Personal use NOC | Rs.2,250 per NOC |
Collateral charges | Rs.499 |
Valuation charges | Rs.1,000 |
Part Prepayment charges |
|
Loan cancellation charges | Rs.1,000 |
Loan re-schedulement charges | Rs.1,000. Rs.5,000 if changes required on RC |
Late payment charges | Contractual Rate |
Duplicate NOC | Rs.750 per NOC |
Loan statement charges | Rs.750 per statement |
Amortisation schedule charges | Rs.500 per schedule |
Prepayment Statement charge | NA |
Revalidation of NOC charges | NA |
NOC to convert from commercial to private registration and vice versa | NA |
Special NOC | Rs.500 per request |
Processing charges for subsidies | NA |
Non-submission of PDD documents |
|
Insurance term | As per actuals |
How to Apply for YES Bank Two-Wheeler Loan
- Download the loan application form from the website and print it out.
- Fill in the form and visit the nearest YES Bank branch with all the required documents.
- Alternatively, obtain the loan application form directly from the branch, fill it out, and submit it with the necessary documents.
- Once the documents are submitted, a relationship manager will assist you with the application process and guide you through the next steps.
FAQs on YES Bank Two-Wheeler Loan
- Can I avail a two-wheeler loan from YES Bank if I wish to purchase a superbike?
Yes, you can avail a two-wheeler loan from YES Bank if you wish to purchase a superbike.
- What are the eligibility criteria to apply for a two-wheeler loan?
You must age 18 years and above and must be a salaried or self-employed individual to apply for a two-wheeler loan. Your place of residence will also determine if your application for loan will be sanctioned or not.
- How can I repay my loan amount?
You can repay your loan through various repayment methods such as credit or debit card, UPI, net banking, etc. You can also set a standing instruction where the due amount will be deducted from your account automatically.
- Do I need to have a good credit score in order to apply for a two-wheeler loan?
Yes, you need to have a good credit score of at least 750 to apply for a two-wheeler loan.
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