What is Yes Bank Car Loan?
The car is a commodity that protects from you bad weather and even takes you on the ride of your favorite destination. All these benefits make a person buy the car at any cost. Car Loan is the best loan option available to fulfill your dreams. It offers flexible loan terms and conditions and It is secured loan with minimum documentation process.
Book the Best Car Loan with the help of Bookmyloans and get Instant Approval for Yes Bank Car Loan.
Why Yes Bank Car Loan?
• Know your Car Loan Eligibility in 1 minute
• Loan Tenure up to 7 years
• Interest Rates as low as 9.50%*
• Minimal Documentation
• Instant Approval
• Car Loan Disbursal in just 2 days*
• Special Festive Offers and Discounts
• Get Doorstep Services and Experts’ Assistance
Benefits:
- One of the most important benefits is that you save your precious time by applying online, as Yes Bank Car Loan process is quite simple. Your Car loan gets approved within a day or even on the same day of application
- Within a few minutes, you will receive an extended list of e-mails from lenders who will avail your online car loan in Yes Bank. At the same time, you can compare the different Car loan terms and choose the best one available.
- In addition to all these, the lenders also facilitate the bad credit holders with these loans. As well, the lenders also offer bad credit Car loan for individuals having bad credit.
- Budget Analysis: Banks will be happy to lend you more money than you actually need. The first step, create a budget analysis to make sure that you borrow the right amount. By doing this, you will have an actual idea of how much money you can afford to buy a car.
- Research the cost: An individual must go into the clear details of what will be the total cost of the car. She/he should be careful as the costs include more than just the purchase price. You will also need to consider insurance charges, fuel costs, maintenance charges, and interest rates.
- Check your credit score: Your credit score plays an important role in knowing whether the banks will consider your loan application for a car loan. Paying your previous loan payments in time helps you impress your banker for extending the amount of your car loan.
- Compare New vs. Used: New cars depreciate much faster than old cars and it is important to decide between the two as the loan amount that you could be eligible for would vary between the two options.
Car Loan Eligibility Criteria
Age: 21-60 years.
Work Experience: Minimum 3 months
Minimum Salary: Rs. 16,000/- per month net income
Minimum employment: For Salaried 1 year in current employment and minimum two years of employment / For Self- Employed at least three years in business
Minimum Annual Income: For Salaried Rs 100000 net annual income / For Self- Employed Net profit Rs. 60000 p.a for standard cars and Rs.100000 p.a. for mid-sized and premium cars
Telephone: Must at the residence.
Documents Required:
• Identity Proof
• Current Address Proof
• Last 6 months bank statements
• Latest 3 months salary slips
• 2 years Form 16
• PAN Card Copy
• Two Colored Photographs
* Interest rate can vary as per individual’s portfolio.