Yes Bank Car Loan
Required Documents to Apply for Yes Bank Car Loan
Salaried Person
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KYC of applicant
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Last 3 Month Salary Slip
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Last 12 month Bank Statement of applicant
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Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant
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Quotation of Car
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
Self Employed
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KYC of applicant & Co-Applicant
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KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Copy of Last 12 month GST return if applicable
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Quotation of Car
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Sanction letter of all running loan
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
About Yes Bank New Car Loan
Yes Bank is unquestionably one of the top vehicle loan providers in India. Yes Bank's car loans have emerged as a popular option for customers looking to purchase new or used vehicles. Yes Bank's main objective is to provide comprehensive vehicle loan disbursements that completely meet its consumers' tastes and preferences in purchasing the cars of their choice. Yes Bank attempts to the loan application and disbursement procedures as simple and transparent as possible.
Yes Bank's car loan offers a lot of advantages for the applicant. A car loan from Yes Bank exposes an applicant to reasonable interest rates, flexible payback options, and a car loan period that may range from 1 to 7 years.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Let us take an example, How EMI is being calculated
For instance, if "Digender" applies for a Car loan of INR 10 Lacs and get the loan sanctioned at the rate of 9% with a tenure range of 5 years or 60 Months , in such a case his EMI would be INR 20,758 and complete repayment amount till the end of 5 years tenure would be 12,45,501 (i.e 20,758 EMI * 60 months),, wherein the total interest amount is INR 2,45,501 along with principal repayment of INR 10,00,000.Few additional charges like those of minimal one-time processing fee upto 1% of loan amount may apply, T&C apply.| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ₹ 67,294 | ₹ 36,498 | ₹ 1,03,792 | ₹ 9,32,706 | 6.73% |
| Aug | ₹ 13,258 | ₹ 7,500 | ₹ 20,758 | ₹ 9,86,742 | 1.33% |
| Sep | ₹ 13,358 | ₹ 7,401 | ₹ 20,758 | ₹ 9,73,384 | 2.66% |
| Oct | ₹ 13,458 | ₹ 7,300 | ₹ 20,758 | ₹ 9,59,926 | 4.01% |
| Nov | ₹ 13,559 | ₹ 7,199 | ₹ 20,758 | ₹ 9,46,367 | 5.36% |
| Dec | ₹ 13,661 | ₹ 7,098 | ₹ 20,758 | ₹ 9,32,706 | 6.73% |
| 2023 | ₹ 1,72,143 | ₹ 76,958 | ₹ 2,49,100 | ₹ 7,60,564 | 23.94% |
| Jan | ₹ 13,763 | ₹ 6,995 | ₹ 20,758 | ₹ 9,18,943 | 8.11% |
| Feb | ₹ 13,866 | ₹ 6,892 | ₹ 20,758 | ₹ 9,05,077 | 9.49% |
| Mar | ₹ 13,970 | ₹ 6,788 | ₹ 20,758 | ₹ 8,91,107 | 10.89% |
| Apr | ₹ 14,075 | ₹ 6,683 | ₹ 20,758 | ₹ 8,77,032 | 12.30% |
| May | ₹ 14,181 | ₹ 6,578 | ₹ 20,758 | ₹ 8,62,851 | 13.71% |
| Jun | ₹ 14,287 | ₹ 6,471 | ₹ 20,758 | ₹ 8,48,564 | 15.14% |
| Jul | ₹ 14,394 | ₹ 6,364 | ₹ 20,758 | ₹ 8,34,170 | 16.58% |
| Aug | ₹ 14,502 | ₹ 6,256 | ₹ 20,758 | ₹ 8,19,668 | 18.03% |
| Sep | ₹ 14,611 | ₹ 6,148 | ₹ 20,758 | ₹ 8,05,057 | 19.49% |
| Oct | ₹ 14,720 | ₹ 6,038 | ₹ 20,758 | ₹ 7,90,337 | 20.97% |
| Nov | ₹ 14,831 | ₹ 5,928 | ₹ 20,758 | ₹ 7,75,506 | 22.45% |
| Dec | ₹ 14,942 | ₹ 5,816 | ₹ 20,758 | ₹ 7,60,564 | 23.94% |
| 2024 | ₹ 1,88,291 | ₹ 60,809 | ₹ 2,49,100 | ₹ 5,72,273 | 42.77% |
| Jan | ₹ 15,054 | ₹ 5,704 | ₹ 20,758 | ₹ 7,45,510 | 25.45% |
| Feb | ₹ 15,167 | ₹ 5,591 | ₹ 20,758 | ₹ 7,30,343 | 26.97% |
| Mar | ₹ 15,281 | ₹ 5,478 | ₹ 20,758 | ₹ 7,15,062 | 28.49% |
| Apr | ₹ 15,395 | ₹ 5,363 | ₹ 20,758 | ₹ 6,99,666 | 30.03% |
| May | ₹ 15,511 | ₹ 5,247 | ₹ 20,758 | ₹ 6,84,156 | 31.58% |
| Jun | ₹ 15,627 | ₹ 5,131 | ₹ 20,758 | ₹ 6,68,528 | 33.15% |
| Jul | ₹ 15,744 | ₹ 5,014 | ₹ 20,758 | ₹ 6,52,784 | 34.72% |
| Aug | ₹ 15,862 | ₹ 4,896 | ₹ 20,758 | ₹ 6,36,921 | 36.31% |
| Sep | ₹ 15,981 | ₹ 4,777 | ₹ 20,758 | ₹ 6,20,940 | 37.91% |
| Oct | ₹ 16,101 | ₹ 4,657 | ₹ 20,758 | ₹ 6,04,839 | 39.52% |
| Nov | ₹ 16,222 | ₹ 4,536 | ₹ 20,758 | ₹ 5,88,617 | 41.14% |
| Dec | ₹ 16,344 | ₹ 4,415 | ₹ 20,758 | ₹ 5,72,273 | 42.77% |
| 2025 | ₹ 2,05,954 | ₹ 43,146 | ₹ 2,49,100 | ₹ 3,66,319 | 63.37% |
| Jan | ₹ 16,466 | ₹ 4,292 | ₹ 20,758 | ₹ 5,55,807 | 44.42% |
| Feb | ₹ 16,590 | ₹ 4,169 | ₹ 20,758 | ₹ 5,39,217 | 46.08% |
| Mar | ₹ 16,714 | ₹ 4,044 | ₹ 20,758 | ₹ 5,22,503 | 47.75% |
| Apr | ₹ 16,840 | ₹ 3,919 | ₹ 20,758 | ₹ 5,05,663 | 49.43% |
| May | ₹ 16,966 | ₹ 3,792 | ₹ 20,758 | ₹ 4,88,697 | 51.13% |
| Jun | ₹ 17,093 | ₹ 3,665 | ₹ 20,758 | ₹ 4,71,604 | 52.84% |
| Jul | ₹ 17,221 | ₹ 3,537 | ₹ 20,758 | ₹ 4,54,383 | 54.56% |
| Aug | ₹ 17,350 | ₹ 3,408 | ₹ 20,758 | ₹ 4,37,032 | 56.30% |
| Sep | ₹ 17,481 | ₹ 3,278 | ₹ 20,758 | ₹ 4,19,552 | 58.04% |
| Oct | ₹ 17,612 | ₹ 3,147 | ₹ 20,758 | ₹ 4,01,940 | 59.81% |
| Nov | ₹ 17,744 | ₹ 3,015 | ₹ 20,758 | ₹ 3,84,196 | 61.58% |
| Dec | ₹ 17,877 | ₹ 2,881 | ₹ 20,758 | ₹ 3,66,319 | 63.37% |
| 2026 | ₹ 2,25,274 | ₹ 23,827 | ₹ 2,49,100 | ₹ 1,41,046 | 85.90% |
| Jan | ₹ 18,011 | ₹ 2,747 | ₹ 20,758 | ₹ 3,48,308 | 65.17% |
| Feb | ₹ 18,146 | ₹ 2,612 | ₹ 20,758 | ₹ 3,30,162 | 66.98% |
| Mar | ₹ 18,282 | ₹ 2,476 | ₹ 20,758 | ₹ 3,11,880 | 68.81% |
| Apr | ₹ 18,419 | ₹ 2,339 | ₹ 20,758 | ₹ 2,93,461 | 70.65% |
| May | ₹ 18,557 | ₹ 2,201 | ₹ 20,758 | ₹ 2,74,903 | 72.51% |
| Jun | ₹ 18,697 | ₹ 2,062 | ₹ 20,758 | ₹ 2,56,207 | 74.38% |
| Jul | ₹ 18,837 | ₹ 1,922 | ₹ 20,758 | ₹ 2,37,370 | 76.26% |
| Aug | ₹ 18,978 | ₹ 1,780 | ₹ 20,758 | ₹ 2,18,392 | 78.16% |
| Sep | ₹ 19,120 | ₹ 1,638 | ₹ 20,758 | ₹ 1,99,271 | 80.07% |
| Oct | ₹ 19,264 | ₹ 1,495 | ₹ 20,758 | ₹ 1,80,008 | 82.00% |
| Nov | ₹ 19,408 | ₹ 1,350 | ₹ 20,758 | ₹ 1,60,599 | 83.94% |
| Dec | ₹ 19,554 | ₹ 1,204 | ₹ 20,758 | ₹ 1,41,046 | 85.90% |
| 2027 | ₹ 1,41,046 | ₹ 4,263 | ₹ 1,45,308 | ₹ 0 | 100.00% |
| Jan | ₹ 19,701 | ₹ 1,058 | ₹ 20,758 | ₹ 1,21,345 | 87.87% |
| Feb | ₹ 19,848 | ₹ 910 | ₹ 20,758 | ₹ 1,01,497 | 89.85% |
| Mar | ₹ 19,997 | ₹ 761 | ₹ 20,758 | ₹ 81,500 | 91.85% |
| Apr | ₹ 20,147 | ₹ 611 | ₹ 20,758 | ₹ 61,352 | 93.86% |
| May | ₹ 20,298 | ₹ 460 | ₹ 20,758 | ₹ 41,054 | 95.89% |
| Jun | ₹ 20,450 | ₹ 308 | ₹ 20,758 | ₹ 20,604 | 97.94% |
| Jul | ₹ 20,604 | ₹ 155 | ₹ 20,758 | ₹ 0 | 100.00% |