YES Bank Car Loan Interest Rate

Some of the highlights of Yes Bank's new auto loan are provided in the list below.

• YES Bank offers auto loans of up to 90% of the on-road price of a new car. However, it should be noted that this criterion does not apply to all models currently on the market.
• The borrower may obtain a car loan that is up to six times his annual salary.
• YES Bank Car Loan is the ideal option for him or her.
• YES Bank offers new car loans with low car loan interest rates in YES Bank starting at 9%.
• YES Bank provides special auto lending programs to existing customers.
• YESYes Bank provides new car loans up to Rs. 1.5 crore.
• In less than a minute, one can determine his eligibility for a Yes Bank car loan.
• YES Bank provides quick approval of car loans, touting a loan approval time of under 30 minutes.
• YES car loans are available in India for the purchase of a wide selection of vehicles and MUVs.
• The loan applicant could repay the loan over any of the available repayment terms, which range from 12 months to 84 months.

Here is a table to show the YES Bank used car loan interest rate 2024 -

You can apply for a Yes Bank vehicle loan using any of the options listed below.

1. Apply online at Yes Bank
2. Go to the nearest Yes Bank location

Processing Fees for YES Bank Car Loan Schemes-

• The type of interest rate charged, whether fixed or floating, as floating rates on loan products are often cheaper than fixed rates. Hence - the rate of interest will be lower.
• The type of vehicle to be acquired with the loan, as interest rates on used car loans are typically higher than interest rates on new car loans.
• The borrower loan amount can be decreased by paying a larger margin of money, resulting in less demand for vehicle finance and, thus, a lower rate of interest.
• Higher tenure and lower loan amounts are deemed to have a lower risk. 
• Inflation in the country can have an impact on interest rates, particularly floating rates, which are directly proportionate to the rate of inflation.
• If the repayment period of the vehicle is shorter and the loan amount is larger, the borrower would be required to pay higher monthly installments, which can be regarded as a higher risk, and thus interest rates will be higher.

• Individuals and non-individuals are both eligible for Yes Bank car loans. Some examples are provided below.
• Individuals, sole proprietorships, partnership firms, and public/private limited companies

The following documents are required for a Yes Bank car loan-

• Application form completed
• Two recent passport-size photographs of the applicant's KYC documents, as required by YES BANK policy, namely,
• Identification documentation
• Address verification
• Income documentation in the form of bank statements, ITRs, or salary slips