Yes Bank New Car Loan Interest Rates

Features and Eligibility Kotak Mahindra Bank New Car Loan Scheme
Interest Rate 10.25% to 12.25%
Loan Amount Rs 1 lakh Min
Tenure Range 1-7 years
Processing fee Rs 5k - 10k

Documents Required for Yes bank Car Loan

For Salaried Employee

  • Age Proof - College Provitional Certificate/ School/ /PAN Card/ Passport/ Photo Driving License with birth date/ Voter ID card/ Employer ID/Certificate/ Photo ration card with DOB

  • Identity Proof – PAN Card/ Passport/ Voter ID/ Driving License

  • Income Proof – Form 16, Past 3 month payslip

  • Address Proof - Latest Telephone Bill/ Property Tax Receipt/ Electricity Bill/ Voter ID/ Passport

  • Sign Verification Proof – Passport/Credit Card Copy and Credit Card Statement/ Driving License with birth date/ Copy of Margin money paid to bank, Banker's Verification

  • Application Form and Photograph

  • Report of Car Valuation

For Self Employed

  • Age Proof - College Provitional Certificate/ School/ /PAN Card/ Passport/ Photo Driving License with birth date/ Voter ID card/ Employer ID/Certificate/ Photo ration card with DOB

  • Identity Proof – PAN Card/ Passport/ Voter ID/ Driving License

  • Income Proof – One year ITR and Advanced Tax Challana of present year showing the higher tax payment compared to the previous year

  • Address Proof - Latest Telephone Bill/ Property Tax Receipt/ Electricity Bill/ Voter ID/ Passport

  • Sign Verification Proof – Passport/Credit Card Copy and Credit Card Statement/ Driving License with birth date/ Copy of Margin money paid to bank, Banker's Verification

  • Application Form and Photograph

  • Report of Car Valuation

Yes Bank Car Loan Eligibility Criteria

Salaried Employee

  • Should be 21 years old and above but not more than 58 years at the end of the new car loan

  • Salary should be atleast Rs 3 lakhs per annum

  • Should be worked for at least 1 year

Self Employed

  • Should be 21 years old and above but not more than 65 years at the end of the new car loan

  • Should get atleast Rs 2 lakhs per annum

  • Working in the business for at least 2 years

Yes Bank Car Loan EMI Calculator

EMI is a monthly amount you have to pay while you take a car loan of a specific amount for a given time period. The EMI calculation for car loan based on 3 factors:

  • Loan Amount - total amount you have borrowed from the Bank

  • Car Loan Interest Rate - Present rate of interest that a bank charges from the loan borrowers

  • Tenure Range - Loan amount need to be repaid within a time period

Use the below EMI calculator to check the Yes Bank car loan EMI

Features of Yes Bank Car Loan

  • Yes Bank Car Loans are available to Proprietorship Firms, Individuals, Public / Private Limited Companies, Partnership Firms

  • Low interest rates

  • Multiple repayments options are available for paying a car loan

  • Low Processing fee

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