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YES Bank Car Loan offers instant approval, 100% financing, and flexible repayment up to 7 years — helping you own your dream car, whether new, used, or electric, with total convenience.
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About YES Bank Car Loan
YES Bank is one of India’s leading private sector banks known for its fast digital lending process, competitive rates, and personalized car finance solutions. It offers car loans designed for salaried and self-employed customers who seek flexibility, transparency, and quick funding.
Types of YES Bank Car Loans & Features
|
Loan Type |
Features |
Interest Rate (p.a.) |
Funding/Loan Amount |
|
New Car Loan |
Finance up to 100% of on-road price, approval in 24 hours. |
8.85% – 10.5% |
Up to ₹75 Lakhs |
|
Used Car Loan |
Up to 90% of car’s current value, flexible tenure up to 5 years. |
10.75% – 14% |
₹1 Lakh – ₹30 Lakhs |
|
Refinance Car Loan |
Get instant liquidity on your existing car; same-day disbursal. |
11% – 13% |
Based on resale valuation |
|
EV Car Loan |
Exclusive low-rate loans for electric & hybrid cars; zero processing on select models. |
8.75% onwards |
Up to 100% funding |
|
Car Loan Balance Transfer |
Switch your ongoing car loan to YES Bank for lower EMIs & better service. |
8.99% onwards |
As per outstanding balance |
Ideal Vehicle & Buyer Tips
✅ New Car Loan: Ideal for salaried individuals upgrading to a hatchback, sedan, or SUV.
✅ Used Car Loan: Perfect for those purchasing a pre-owned car in excellent condition.
✅ Refinance Loan: Best for car owners seeking quick cash without selling their vehicle.
✅ EV Loan: Great for eco-conscious users opting for Tata Nexon EV, MG ZS EV, or Hyundai Kona.
✅ Balance Transfer: For borrowers who want to reduce EMIs and save on interest costs.
🛡️ Included Insurance & Add-On Covers
- Zero depreciation insurance options
- Free roadside assistance & emergency towing
- Personal accident cover up to ₹15 lakhs
- Extended warranty and return-to-invoice add-on
- PoketCare reminders for renewal and premium savings
Eligibility Criteria
|
Category |
Salaried |
Self-Employed/Business Owners |
|
Age |
21 – 60 years |
21 – 65 years |
|
Minimum Income |
₹20,000/month |
₹2.5 Lakh p.a. |
|
Employment |
Min 1 year experience |
Min 2 years in business |
|
Loan Tenure |
1 to 7 years |
1 to 7 years |
|
Co-Applicant Option |
Allowed (Spouse/Family) |
Allowed (Partners/Spouse) |
🧾 Documents Checklist
For Borrower:
- PAN Card, Aadhaar Card
- 3 months’ salary slips / ITR for 2 years (for self-employed)
- 6 months’ bank statements
- Address proof & identity proof
For Vehicle:
- Proforma invoice (for new cars)
- RC book & insurance copy (for used cars)
- Valuation & pollution certificate (if applicable)
💡 Benefits of Availing YES Bank Car Loan on PoketCare
✅ Compare Interest Rates Instantly Across Banks
✅ Zero Hidden Charges & Transparent Processing
✅ One-Tap AI Assistance for Fastest Loan Approval
✅ Lifetime Free Support & EMI Reminder Service
✅ Safe, Paperless, and Fully Digital Experience
✅ Exclusive Cashback Offers for PoketCare Users
💰 Charges & Fees
|
Charges |
Details |
|
Processing Fee |
Up to 1% of loan amount |
|
Prepayment/Foreclosure |
4% on principal (after 12 EMIs) |
|
Part Payment |
Allowed after 6 months |
|
Late EMI Fee |
2% per month on overdue amount |
|
Registration & Documentation |
₹500 – ₹1,000 (one-time) |
|
Post-Disbursement Insurance/Service |
Optional through PoketCare partnerships |
🔗 Useful Links
Check Your Car Loan Eligibility
Compare Best Car Loan Offers
Know Your CIBIL Score
Learn How PoketCare Works
🏁 Conclusion
With YES Bank Car Loan powered by PoketCare, driving home your dream car has never been easier. You get competitive rates, instant approval, and full transparency — all within a few taps. PoketCare ensures you save more, compare better, and enjoy 24/7 support for life.
PoketCare – Your Trusted Loan Partner for Every Drive.