If you ever fall short on finances to buy the car you always wanted, worry not, car loans offered by banks are here to help you bridge the gap. With low interest rates, amazing offers and discounts and superior customer service, car loans are getting widely accepted and popular.

Amongst the abundance of banks in the retail market offering car loans, Yes Bank is one of the most preferred car loan providers. Yes Bank is the only Indian bank that is the proud bearer of the prestigious APQO award in 2014. It is also the first bank in India to win the IMC Ramakrishna Bajaj National Quality Award for Business Excellence (Service category) in 2013.Yes Bank is the new age private sector bank that is the fifth largest bank in India. As a full service commercial bank, Yes Bank has over the years developed a strong market base and connection with its consumers with a wide variety of products and services.

The fifth largest bank in India, Yes Bank is the only bank that has been awarded with the prestigious Greenfield Bank license by Reserve Bank of India, in over two decades. Yes Bank has a large network of branches and ATMs, 630 and 2000 respectively. Their customer service is also well renowned for being the most helpful and professional.

Overview Of Yes Bank Car Loan

Yes Bank has over the years been the preferred car loan provider for consumers according to market popularity. Their reviews from verified consumers are examples of their brand philosophy, which is, to provide comprehensive car loan services by swift approval process and transparent structure. Yes Bank car loans offer a minimal documentation process and provides a lot of options on repaying the loan which make it very user friendly.

Yes Bank Car loan options promises its consumers the ability to own a luxury car with limited means and thereby helps consumers to achieve their dreams. Their transparent and easy documentation process with clear guidelines on loan structure makes them approachable and accessible at the same time.

Why Pick Yes Bank Car Loan?

There are many points one considers while picking the right car loan provider. We list the main points that will help you pick Yes Bank for your car loan:

Multiple Repayment Options – Yes Bank offers multiple repayment options to repay your loan in a manner that suits your needs and lifestyle.

Yes Bank offers multiple repayment options to repay your loan in a manner that suits your needs and lifestyle. Yes Bank offers car finance for upto 90% of the car value on select models.

AT Yes Bank, you can get finance for a car value as low as Rs. 1 lakh and as high as Rs. 500 lakhs.

The Car loan tenure at Yes Bank can stretch upto 7 years, minimum being 1 year.

Features of Yes Bank Car Loan

Yes Bank Car Loan features can be found here:

Yes Bank offers extended loan tenure upto 7 years, which also relaxes the monthly EMI.

Yes Bank offers highly Competitive Interest Rates that are at par with industry standards.

Yes Bank offers speedy document processing that helps instant access to car loans.

There is no Guarantor required to avail a Yes bank car loan.

Benefits of Applying Yes Bank Car Loan on Letzbank.

Letzbank is here to provide you the best financial option by carefully selecting searches as per your requirements. Letzbank provides clear and simple description of loans provided by different banks and helps you select the one that fits your budget. Once you have carefully selected the loan you wish to proceed with, simply fill up our online form and we will get you access to Instant Quotes within seconds. All of our services are completely free of cost.

Yes Bank Car Loan Eligibility

Yes Bank Car Loans are available as per the following eligibility:

For Salaried Individuals

Eligibility

Minimum age should be 21 years and maximum age at loan maturity should be 58 years.

Minimum net yearly income should be a minimum of Rs. 3 lakhs.

Documents Required: Yes Bank requires documents at two stages – pre-approval and post-approval.

Pre-approval Documents

Completed application form.

KYC documents as per bank policy.

Proof of Income.

Bank Statements of last 6 months.

Signature proof verification.

Proforma Invoice.

Post-approval Documents

Duly signed loan agreement with RTO copy.

Post-Dated Cheques.

ECS Form.

Standing Instructions Request Form.

Security Post-Dated Cheques.

Margin Money Receipt.

For Self Employed Individuals

Eligibility

Minimum age should be 21 years and maximum age at loan maturity should be 65 years.

Minimum net yearly income should be a minimum of Rs. 2 lakhs.

Documents Required: Yes Bank requires documents at two stages – pre-approval and post-approval.

Pre-approval Documents

Completed application form.

KYC documents as per bank policy.

Proof of Income

Bank Statements of last 6 months.

Signature proof verification.

Proforma Invoice.

Post-approval Documents

Duly signed loan agreement with RTO copy.

Post-Dated Cheques.

ECS Form.

Standing Instructions Request Form.

Security Post-Dated Cheques.

Margin Money Receipt.

Yes Bank Car Loan Interest Rates

Yes Bank Car Loan interest rates are 11.25% to 13.50% per annum.

Yes Bank Car Loan EMI Calculator

At Letzbank website, you can calculate your monthly EMI on your car loan in seconds. Simply enter your loan amount, loan tenure and interest rate by using Letzbank EMI calculator. Once you have entered the details, our Letzbank calculator will calculate your monthly EMI within seconds and help you evaluate how much you will be spending on your car loan each month.