Yes Bank Two Wheeler Loan Features
| Yes Bank Two Wheeler Loan Interest Rate | 11.83%* per annum |
| Min Loan Amount | ₹ 10,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 90% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 4 years |
| Lowest EMI / Lac | ₹ 2,625 |
| Minimum Net Monthly Income | Salaried – ₹ 7,000, Self Employed – ₹ 6,000 |
| Age Criteria | 21 years(At Application) to 65 years(At Loan Maturity) |
| Types of Vehicle | For All New Two-Wheelers (Bikes, Superbikes, etc.) |
| Processing Fee | Up to 3% of the Loan Amount. |
| Foreclosure Charges | 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months) |
| Basic Documentation | ID Proof, Address Proof, Bank Statement |
How to avail of two-wheeler loans?
If you’re weary of waiting for the bus or haggling with taxi drivers, now is the time to get your own motorcycle. The ability to drive fast and safely is one of the main advantages of riding a two-wheeler. Since a two-wheeler uses less fuel and is simpler to maintain than a sedan, it is a popular option for first-time car buyers. Rather than taking on the whole financial responsibility of a two-wheeler purchase, it is preferable to take out a two-wheeler loan and repay it in manageable EMIs.
- Choose a Two-Wheeler Loan.
- Make sure you’re eligible for a loan.
- Determine your EMI for a two-wheeler loan.
- Fill out an online application 5 – Send in your records
Factors Affecting Two-wheeler Loan Application
A two-wheeler loan is a financial device that requires you to borrow money from a lender to purchase a two-wheeler. The majority of financial institutions sell about 80% to 85% of the bike’s current on-road costs. The outstanding balance must be paid immediately to the broker by the borrower as a down payment. It’s safest to use a bike loan EMI calculator to figure out how much you’ll have to pay per month in EMIs.
- Your Credit Score
- Loan Amount
- Loan Tenure
- Dealership Location
- Secured vs Unsecured Loan
Compare Bike Loan Interest Rates of the Bank with other banks
|
Banks |
Interest Rate |
|
AXIS Bank Super Bike Loan |
9.15% to 15.90% |
|
SBI Super Bike Loan |
Start at 10.65% |
|
HDFC Bank Two Wheeler Loan |
Start at 11.83% |
|
HDFC Bank Super Bike Loan |
9.65% to 15% |
|
YES Bank Bike Loan |
10% to 18% |
|
Private Bank Two Wheeler Loan |
10% to 26% |
|
IDBI Bank Two Wheeler Loan |
Start at 11.83% |
|
Indusind Bank Two Wheeler Loan |
21% to 29% |
|
Bank of Baroda Two Wheeler Loan |
Start at 11.50% |
|
Bank of India Two Wheeler Loan |
7.75% to 8.35% |
|
Punjab National Bank Two Wheeler Loan |
Start at 10.70% |
Using the following guidelines to compare two-wheeler loans from various lenders:
Payment transaction fees – Most banks charge payment fees that vary from zero to $1,000. You will check prices, deals, and cashback while applying for a two-wheeler loan online to find the best price.
Despite the fact that bike loans are covered, it is recommended that you purchase insurance prior to taking out a loan. The premium, on the other hand, is determined by the risk compensation provided by different policies and varies by Bank. As a result, closely examine the loan acceptance letter to determine the coverage and premium.
Part prepayment and foreclosure – Part prepayment refers to whether you intend to pay off a portion of your debt early. Foreclosure occurs when you intend to pay off your mortgage in full before the due date. Under such cases, banks usually charge prepayment or foreclosure fees, which may vary from zero to three per cent. As a result, be sure the low-interest two-wheeler loan you’re considering doesn’t have any prepayment or foreclosure fees. It’s crucial to keep in mind that some bike loans aren’t repaid on time. Banks offer two-wheeler loans at either 80% of the on-road price or 100% of the ex-showroom price as a down payment.
Yes Bank Two Wheeler Loan
Yes Bank Two Wheeler Loan has gotten essential for a person to satisfy his fantasy about purchasing another bike at any expense with any cash related asset. Yes Bank is giving a stunning chance by giving Two Wheeler Loans Lowest Interest Rates and Affordable EMIs.
Advantages of Yes Bank Two Wheeler Loan
Bike Loan is a basic commute need and has become a significant piece of our life. Different individuals need to visit better places, and they require a bicycle for that, as time is key for all of us. An enormous population of school-going students need a cruiser, as here and their vehicles may not open at the timings of school. Here is the credit is given by Yes Bank for buying Two Wheelers at reasonable costs and clear Process.
- Worth the upside of unfathomably low-interest charges.
- Swift Disbursal of Loan Amount
- Adaptable EMI cost, elective on any day of the month.
- Moderate Rate of Interests
- Essential Repayment and Prepayment Methods
Yes Bank Two Wheeler Loan Eligibility
Your capacity to reimburse the credit is the best factor in picking whether you’ll be qualified or not for the Yes Bank Two Wheeler Loan. Coming up next are the important principles:
- A person between the age of 21 to 65 years can apply for the turn of events.
- On the off chance that you have a run of mill month to month remuneration of Rs 7000, you’re prepared for the Yes Bank Two Wheeler Loan.
- Cibil Score impacts your ability for advancement. On the off chance that you have a low cibil score, the odds of your Application being pardoned are high.
- Here check your Eligibility criteria.
Yes Bank Two Wheeler Loan Interest Rate, Fees and Charges
| Interest Rate | Starts at 11.83% p.a. |
| Processing Fee | Up to 3% of the loan amount (maximum) |
| Prepayment Charges | From 3% to 10% of the outstanding principal |
| Prepayment charges | Within 4 to 6 months – 10% of principal outstanding Within 7 to 12 months – 6% of principal outstanding 13-24 months – 5% of principal outstanding Post 24 months – 3% of principal outstanding Prepayment is not allowed within three months of EMI repayment |
Yes Bank Two Wheeler Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof | Driving Licence Aadhaar Card Passport Voter ID |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
Self-Employed Individual
| Category | Documents Required |
| Identity Proof | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof | Driving Licence Aadhaar Card Passport Voter ID |
| Required Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
Yes Bank Two Wheeler Loan EMI Calculator
The applicant has the decision to understand the EMI’s before profiting Yes Bank Two Wheeler Loan. In like manner, you can, without a very remarkable stretch, check through the association underneath:
Two Wheeler Loan EMI Calculator
Yes Bank Two Wheeler Loan Types
Yes Bank offers different sorts of credits to its customers, and you have the decision of picking one of them as per your necessities-
Bike Loan – If you wish to buy a bicycle and want to back it, then Yes Bank has the best suggestion for you. You can profit from this improvement at a drawing early expense of 12%.
Super Bike Two Wheeler Loan – If you want to buy a Superbike and are scanning for holds, by then, this is the best methodology open for you at a connecting with financing cost of 11.83%.
Yes Bank Two Wheeler Loan Pre Calculated EMI
| Rate | 4 yrs | 3 yrs | 2 yrs | 1 yr |
| 11.83% | 2625 | 3313 | 4699 | 8876 |
| 12.00% | 2633 | 3321 | 4707 | 8884 |
| 12.50% | 2658 | 3345 | 4730 | 8908 |
| 13.00% | 2682 | 3369 | 4754 | 8931 |
| 13.50% | 2707 | 3393 | 4777 | 8955 |
| 14.00% | 2732 | 3417 | 4801 | 8978 |
| 14.50% | 2757 | 3442 | 4824 | 9002 |
| 15.00% | 2783 | 3466 | 4848 | 9025 |
| 15.50% | 2808 | 3491 | 4872 | 9049 |
| 16.00% | 2834 | 3515 | 4896 | 9073 |
| 16.50% | 2859 | 3540 | 4920 | 9096 |
| 17.00% | 2885 | 3565 | 4944 | 9120 |
How to Apply for Yes Bank Two Wheeler Loan
- You can apply for Yes Bank Two Wheeler Loan online by visiting Dialabank‘s online entryway.
- Fill the Application Form for Two Wheeler Loan
- Our Relationship Managers will connect with you at 9878981166
- Get changed help and pick the most real offer reliant on your necessities.
Yes Bank Two Wheeler Loan Two Wheeler Loan for Top Selling Bikes
Other Available Products from Yes Bank
| Yes, Bank Personal Loan | Yes Bank Gold Loan | Yes Bank Home Loan |
| Yes Bank Credit Card | Yes Bank Two Wheeler Loan | Yes Bank Education Loan |
FAQs for Yes Bank Two Wheeler Loan
✅ What is Yes Bank Two Wheeler Loan?
Inferable from the accessibility of simple, regularly scheduled payments, a Bike Loan ends up being the most advantageous alternative. Hence, YES BANK offers both of you wheeler credits that empower you to buy a bike, a moderate bicycle, or a superbike, all at helpful rates.
✅ How can I get a Two Wheeler Loan from Yes Bank?
Visit your closest YES BANK office, and our specialists will walk you through the issue freecycle while helping you with the documentation cycle, guaranteeing brisk disbursal of the bike credit.
✅ How does Yes Bank Two Wheeler Loan work?
With a Bike Loan from YES BANK, you pay for a bike at your own pace as moderate EMIs. Such a credit additionally empowers you to buy a bike of your inclination, be it a more eco-friendly one or one with an all the more remarkable motor.
✅ What is the Two Wheeler Loan Interest Rate in Yes Bank?
The interest rate is 11.83%.
✅ How to check Two Wheeler Loan status in Yes Bank?
Call the client care division: You can call the complementary number 1800 1200, and the heads will assist you with discovering the status of your credit application.
Send an SMS: Alternatively, you can SMS ‘HELP’ trailed by your client ID to 92233 90909.
✅ How to calculate Two Wheeler Loan Interest in Yes Bank?
You can calculate Two Wheeler Loan Interest in Yes Bank by clicking the link below:
Two Wheeler Loan EMI Calculator
✅ What is the maximum loan amount I can avail myself of on a Two Wheeler Loan from Yes Bank?
- Intrigue Rates 14.03%
- Greatest Loan Amount Eligibility 85% of On Road Price
- Greatest Loan Tenure 4 years
- Most reduced EMI per Rs. Ten Thousand Loan Amount ₹ 273
- Preparing Fee 3% of Loan Amount with Minimum Rs. 600
- Prepayment Charges 3%-10%, after 3 EMIs
- Intrigue Calculation EMI on a month to month lessening balance
- Age Between 21 years and 65 years
✅ What is the loan tenure of Yes Bank Two Wheeler Loan?
The loan tenure of Yes Bank Two-wheeler Loan is 4 years.
✅ Can I get a 100% Two Wheeler Loan from Yes Bank?
With insignificant documentation, alluring financing costs, and a smooth application and disbursal measure, a YES BANK bicycle advance is simple, bother free and brisk. … Up to 85% financing at the on-street cost of the bicycle, appropriate just on select models.
✅ How much Processing Fee is applicable on Yes Bank Two Wheeler Loan?
The processing fee in the Yes Bank two-wheeler loan is 3% of the loan amount with a minimum of Rs.600.
✅ What are the EMI options available on Yes Bank Two Wheeler Loan?
Adaptable Repayment Tenure Decide whether you’d like your advance residency to be only a year, or four years, with our pocket-accommodating EMI reimbursement alternatives.
✅ What are the charges for Prepayment in Yes Bank Two Wheeler Loan?
From 3% to 10% of the outstanding principal.
✅ Can I get a top-up loan on my existing Yes Bank Two Wheeler Loan?
No, you cannot top-up.
✅ Do I need to provide a guarantor to avail myself of a Two Wheeler Loan from Yes Bank?
In most cases, you do not need a guarantor if you comply with the rules and regulations of the Bank. If you are asked to obtain a loan, you might not fulfil the entry requirements on your own, and the loan amount will be paid back.
✅ What if I can’t pay the interest on Yes Bank Two Wheeler Loan for 3 months?
Bank won’t request any EMI Payment for the time of ban benefited by you, for example, till Jun 30th, 2020, on the off chance that you help it for one month or till Aug 31st, 2020 if you profit it for 3 months. Intrigue will keep on accruing on the central exceptional for the time of the ban at the contracted pace of the advance.
✅ How can I apply for EMI Moratorium on Yes Bank Two Wheeler Loan?
Coming up next are the various ways you can choose the HDFC Bank individual advance ban: Call the Bank at 022-50042333 or 022-50042211 from your enrolled portable number or website two-wheeler loan. Round out the advance ban structure on the official site of Yes Bank to present your solicitation.
✅ What is the number for Yes Bank Two Wheeler Loan agent?
1800 1200
✅ Can I close Yes Bank Two Wheeler Loan online?
Closing of any of your current credit is simple, and one can do it by visiting the physical branch or mentioning a pre-conclusion on the web.
✅ What is Yes Bank Two Wheeler Loan Customer Care Number?
HDFC two-wheeler 24/7 customer care number is 1800 1200
News about Yes Bank Two Wheeler Loan
2021-07-07:
According to FADA, total vehicle registration in India will drop 30% to 1,52,71,519 units in 2020-21. The Federation of Automobile Dealers Associations (FADA) reported on Monday that total vehicle registrations in India dropped by 29.85% to 1,52,71,519 units in the financial year 2020-21, the lowest in the last eight years.In fiscal year 2019-20, total vehicle registrations were 2,17,68,502 units. With the exception of tractors, all vehicle types were in the red in FY21, with two-wheelers (2W), three-wheelers (3W), commercial vehicles (CV), and passenger vehicles (PV) all dipping by 31.51 per cent
2021-06-29:
The government of Andhra Pradesh plans to purchase 1 lakh electric two-wheelers for its employees. The government of Andhra Pradesh will assist its workers in purchasing more than 100,000 electric two-wheelers by providing low-cost domestic and international financing. The purchase of electric two-wheelers in such vast numbers, hailed by the state government as a world first, would result in sales of Rs 500-Rs 1,000 crores for manufacturers.
