Yes Bank Car Loan Interest Rate – Complete Guide & EMI Tips

Key Takeaways 
 

• The Yes Bank car loan interest rate 2025 starts from 9.99% per annum (floating) for new cars, as published on the official Yes Bank car loan page, which directly impacts EMI affordability over popular tenures like 5 years.
   
• Borrowers commonly prefer the Yes Bank car loan interest rate for 5 years because it balances the monthly EMI and total interest outgo, making it suitable for salaried and self-employed applicants.
   
• The Yes Bank used car loan interest rate starts higher at 11.49% per annum, reflecting vehicle age and depreciation, but longer tenures still help manage monthly repayment pressure.

Are you planning to buy a new car soon? Before you sign any papers, it’s smart to check the latest loan rates. Yes Bank offers some great deals for 2025, and we’ve listed everything you need to know, from interest rates to hidden fees, right here!

The Yes Bank car loan interest rate is the cost of borrowing money from Yes Bank to buy a new or used car, expressed as an annual percentage. Yes Bank Car loan interest rates are floating in nature and depend on factors such as loan type, tenure, and borrower profile. The Yes Bank car loan interest rate for 5 years is widely chosen because it offers a predictable monthly outflow.

I borrowed ₹7,00,000 from Yes Bank for 5 years at an interest rate starting from 9.99% per annum. My EMI comes to around ₹14,850 as shown on the Yes Bank car loan interest rate EMI calculator. Over 5 years, the total interest paid crosses ₹1,90,000, which shows why checking rates in advance matters.

Types of Car Loans Offered by Yes Bank 

Yes Bank offers multiple car loan options to suit different buyers. You can compare them before applying:
 

The Yes Bank used car loan interest rate is higher than new car loans due to depreciation risk, while the Yes Bank car loan interest rate for 5 years remains a preferred tenure across all eligible categories.

Bonus Tip: Do you know? Yes Bank now offers faster digital loan journeys with quicker approvals through online applications, reducing the need for branch visits.

Yes Bank Car Loan Processing Fees & Charges 

Yes Bank car loans levy one-time pre-disbursement and statutory charges as per the official bank policy. The key charges published by Yes Bank include the following:

You should always confirm the exact charges mentioned in the sanction letter before accepting the loan offer.

How to Apply for a Yes Bank Car Loan? 

Apply for a Yes Bank car loan by following these simple steps defined by the bank:

1. Visit the official Yes Bank car loan page and review the eligibility criteria.
2. Check the estimated EMI using the Yes Bank car loan interest rate calculator.
3. Submit the online application form or visit a Yes Bank branch.
4. Provide the required documents such as identity proof, income proof, and vehicle details.
5. Review the loan sanction letter with the approved Yes Bank car loan interest rate for 5 years or the chosen tenure.
6. Accept the terms and complete the documentation for disbursement.

Follow these steps to ensure faster approval and avoid delays during loan processing.

Conclusion 

Yes Bank car loan interest rates are structured to support both new and used car buyers with flexible tenures and transparent charges. You can plan EMIs confidently and choose a loan that fits their budget by checking official rates, fees, and calculators in advance.

FAQs Related to Yes Bank Car Loan Interest Rates 

Q1. Does Yes Bank charge stamp duty or extra fees on car loans?

Yes Bank charges a processing fee on car loans as per its official policy. Stamp duty is a statutory charge decided by state laws and is separate from bank fees. It is applicable to loan agreements as per local regulations.

Q2. Which is better: a Yes Bank fixed-rate car loan or a floating-rate car loan?

Yes Bank car loans are offered at floating interest rates. A floating-rate loan can become cheaper if benchmark rates fall, but EMIs may change over time. This option suits borrowers who are comfortable with rate fluctuations.

Q3. What should be done if Yes Bank does not reduce interest rates after a repo rate cut?

Borrowers can approach the Yes Bank branch and request an interest rate review. Since car loans are benchmark-linked, rates may reset as per bank policy. If required, the bank’s grievance redressal system can be used.

Q4. What is the lowest interest rate offered on a Yes Bank car loan?

The lowest Yes Bank car loan interest rate for new cars starts from 9.99% per annum, as published on the official Yes Bank car loan interest rates page. The final rate depends on credit profile, loan tenure, and eligibility.

Q5. Can the Yes Bank car loan interest rate change during the loan tenure?

Yes. Yes Bank car loans follow a floating interest rate structure. The rate can increase or decrease during the tenure based on benchmark rate movements and internal bank policy.