YES Bank Two-Wheeler Loan

If you are looking to purchase a two-wheeler vehicle for yourself, then you avail a two-wheeler loan from YES Bank. You can avail a loan amount of up to Rs.25 lakh for a tenure of up to 5 years. The rate of interest charged by the lender is attractive.

YES Bank Two-Wheeler Loan

YES Bank Two-Wheeler Loan Details

Category 

Features

Interest rate

Contact the bank

Loan amount

Up to Rs.25 lakh

Tenure

Up to 5 years

Free Credit score

Features and Benefits of YES Bank Two-Wheeler Loan

  1. You can avail a loan of up to Rs.25 lakh.
  2. The tenure for which you can avail a two-wheeler loan from the lender is a maximum of 5 years.
  3. Part prepayment options available.
  4. You can avail up to 85% funding of the on-road value of the vehicle for select models.
  5. There are multiple repayment options available through which you can repay your loan.
  6. Documentation process is easy and minimal.

Documents Required

Given below is the list of documents you will have to submit while applying for YES Bank two-wheeler loan:

  1. Your latest photograph
  2. Duly filled application form
  3. Identity proof such as PAN, passport, Aadhaar, etc.
  4. Proof of income such as salary slip, IT Form, bank account statements, etc.
  5. Statement from bank
  6. Proof of verification of your signature
  7. KYC documents as asked for by the lender
  8. Proforma invoice
  9. Loan agreement duly signed with RTO set
  10. Receipts for margin money
  11. Post-dated cheques

Fees and Charges

Fees

Charges

Documentation charges

Rs.499

Cheque bounce charges

Rs.750 per bounce

Cheque swapping charges

Rs.750 per transaction

CIBIL charges

Rs.50

Personal use NOC

Rs.2,250 per NOC

Collateral charges

Rs.499

Valuation charges

Rs.1,000

Part Prepayment charges

  1. Part prepayment allowed subject to completion of 12 EMIs and will be allowed twice during loan tenure. Part prepayment facility can be availed only once a year and at any point of time, part prepayment will not rise beyond 25% of outstanding principal
  2. From 13-24 months (from 1st EMI) - 5% on the part prepayment amount
  3. After 24 months (from 1st EMI) - 3% on the part prepayment amount

Loan cancellation charges

Rs.1,000

Loan re-schedulement charges

Rs.1,000. Rs.5,000 if changes required on RC

Late payment charges

Contractual Rate

Duplicate NOC

Rs.750 per NOC

Loan statement charges

Rs.750 per statement

Amortisation schedule charges

Rs.500 per schedule

Prepayment Statement charge

NA

Revalidation of NOC charges

NA

NOC to convert from commercial to private registration and vice versa

NA

Special NOC

Rs.500 per request

Processing charges for subsidies

NA

Non-submission of PDD documents

  1. Rs. 2500 will be imposed as one-time charge if documents are not submitted within 120 days of the date of disbursal of loan amount.
  2. Penal interest levied if charge is not paid immediately.

Insurance term

As per actuals

Free Credit score

How to Apply for YES Bank Two-Wheeler Loan

  1. Download the loan application form from the website and print it out.
  1. Fill in the form and visit the nearest YES Bank branch with all the required documents.
  1. Alternatively, obtain the loan application form directly from the branch, fill it out, and submit it with the necessary documents.
  1. Once the documents are submitted, a relationship manager will assist you with the application process and guide you through the next steps.

FAQs on YES Bank Two-Wheeler Loan

  • Can I avail a two-wheeler loan from YES Bank if I wish to purchase a superbike?

    Yes, you can avail a two-wheeler loan from YES Bank if you wish to purchase a superbike.

  • What are the eligibility criteria to apply for a two-wheeler loan?

    You must age 18 years and above and must be a salaried or self-employed individual to apply for a two-wheeler loan. Your place of residence will also determine if your application for loan will be sanctioned or not.

  • How can I repay my loan amount?

    You can repay your loan through various repayment methods such as credit or debit card, UPI, net banking, etc. You can also set a standing instruction where the due amount will be deducted from your account automatically.

  • Do I need to have a good credit score in order to apply for a two-wheeler loan?

    Yes, you need to have a good credit score of at least 750 to apply for a two-wheeler loan.

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