Yes Bank’s headquarters are in Mumbai, where it was established in 2004. It offers a wide range of banking and financial services to both corporate and retail customers. One of the most reliable auto loan lenders is Yes Bank. This loan is available to salaried and self-employed consumers. The majority of people have a specific auto in mind that they want to buy. Some can afford it, while others cannot; some prefer low-cost, unattractive vehicles, while others want an expensive, attractive auto. Most people want to buy or dream of buying a certain expensive auto, but due to financial constraints, they are unable to do so. Yes Bank offers the best funding options, as well as the lowest and most attractive interest rates and a straightforward application process. Individuals, sole proprietorships, partnership companies, and public/private limited partnerships may apply for this auto loan.
ELIGIBILITY CRITERIA REQUIRED FOR YES BANK AUTO LOAN
| ELIGIBLE | Salaried employee, self employee professionals, Partnership firm and public and private limited company. |
| AGE | For salaried employee: 21 years to 58 years.
For self employed: 21 years to 65 years. |
| MINIMUM ANNUAL INCOME | For salaried individuals: Rs.1 lakh.
Minimum one year work experience in current job. For self employed individuals/partnership firm/private limited company: Rs.2 lakh. Minimum two years experience in same business |
FEES AND CHARGES OF YES BANK AUTO LOAN
| TYPE | CHARGES |
| Processing fees | Upto 1% of the loan amount. |
| Documentation charges | Rs.600 |
| Prepayment charges | 3% to 6% of outstanding loan amount. |
| Stamp duty charges | At actual. |
| Loan cancellation charges | Rs.1000. |
| Late payment fees | 2% per month. |
| Credit charges (on request) | Rs.50. |
HOW TO APPLY FOR YES BANK AUTO LOAN?
There are two ways to get a auto loan with YES BANK i.e.
-
- Offline Method: By visiting near Yes bank branch.
- Online Method:
- Initially visit yes bank official website.
- At home page click on go to “Personal Banking” section.
- Now go to on “Individual” section and then click on “loans”.
- Select the “Auto loan”.
- Click on apply now and complete the application form autoefully.
- Attached all mandatory documents with the application form and submit it.
- Now wait for few minutes and you will notify soon whether you are eligible for loan or not.
