Yes Bank Vehicle Loan

Can you tell me about the rates and charges for Individual-Car/ Vehicle Loan as provided by Yes Bank?

[shikha]

Yes Bank offers unique car loan solutions that promise a transparent and hassle free ride to own Car. It offers a unique car loan scheme that can be availed by customers with the assurance of complete transparency and hassle-free processing. Car loans can be got at attractive interest rates for any make or model of a four-wheeler.


Description Charges

Rate Of Interest
10.25% - 12.25%

Non refundable Loan Processing Fees (Inclusive of service tax) Upto Rs 10 Lacs : Rs 5000/
10.01 to 25 Lacs : Rs 7500/
> 25 Lacs : Rs 10000/

Stamp Duty
At actual

Foreclosure Charges
No foreclosure allowed within 6 months from date of availing the car loan
6 % of POS for preclosures within 6 months to 24 months from 1st EMI
5% of POS for preclosures post 24 months from 1st EMI

Late Payment Penalty
2% per month

Chq Bounce Charges
Rs 750/- per bounce

Chq Swapping Charges
Rs 750/- per transaction

Loan Cancellation / Rebooking Charges
Charges Rs 1000/- (In the event of cancellation, both, cancellation and interest charges will be borne by the customer)

Duplicate Repayment Schedule charges
Rs 750/- per schedule

Statement of Account Charges
Rs 750/- per statement

Legal, Repossession & Incidental charges
At actual

Duplicate no due certificate / NOC
Rs 750/- per NOC

Loan Reschedulement charges
As applicable at the time of reschedulement

Special NOC
Rs. 500/- per request

Rate of Interest
10.75% to 13.50% basis car model