Yes Bank Car Loan Interest Rate November 2026: The Disclosed Range
Yes Bank prints no car loan interest rate: no starting figure, no grid, no benchmark. Its quarterly RBI disclosure of rates actually charged shows new car loans at 8.65% to 11.80% p.a. and used car loans at 9.51% to 17.01% p.a. for July to September 2026, mean 9.34% on new cars. Read the Yes Bank car loan interest rate as a record of what past borrowers paid, not an offer.
Yes Bank car loan in 2026: features up front, no price
Yes Bank's new car page is all feature tiles: funding up to 100% of the on-road price, a loan cap of ₹500 lakh, and balance transfer on loans up to 200% of valuation. Two tiles cover tenure and disagree: up to 96 months on one, up to 7 years on the other.
The interest rate page adds no number, only "competitive rates" set by credit score, tenure, down payment, vehicle type and market conditions. No scheme is named, no instant variant, nothing on electric cars, and the bank never says whether the loan is fixed or floating.
Our figures therefore come from the bank's quarterly RBI disclosure of rates actually charged, July to September 2026: a look back at other borrowers, not your quote.
Yes Bank car loan EMI
Loan amount: ₹8,00,000 at Yes Bank's published rate range. Reducing-balance EMI; processing fees and insurance are extra.
Compare car loan ratesYour monthly EMI
₹16,471
for 60 months
₹9,88,267
Total payable
₹8,00,000
₹1,88,267
Interest is 19.1% of what you repay. A shorter tenure cuts it; a lower rate cuts it more.
Yes Bank car loan interest rate: reading the disclosure
The new car row shows 8.65% to 11.80% p.a. charged, a mean of 9.34%, and an APR of 8.76% to 15.17%. The 8.65% is the lowest rate the bank disclosed charging; who earned it is not stated.
Among the 30 lenders that publish a new car rate, 8.65% is the 18th lowest floor, 0.15 points above the 8.50% median (8.65 minus 8.50); UCO Bank's 7.70% p.a. leads, for a CIBIL score of 825 or more. Theirs are offer rates with conditions; Yes Bank's is a charged rate with none (see our car loan interest rates page).
Fixed or floating?
Unstated. The schedule of charges mentions an external benchmark, the way banks price floating loans off the RBI repo rate, 5.50% since 7 October 2026. If your loan is floating and sanctioned on or after 1 January 2026, the RBI's 2025 directions on pre-payment charges forbid any foreclosure or part-payment charge on it.
Used cars, and the EMI on ₹10 lakh
Used car loans were charged 9.51% to 17.01% p.a., mean 13.81%, APR 10.12% to 38.92%; our used car loan page ranks all 28 lenders. At the lowest rate the bank disclosed charging, 8.65%, ₹10 lakh repaid over 5 years costs ₹20,589 a month and ₹2,35,334 in interest. At 11.80% it is ₹22,144 and ₹3,28,611: ₹1,555 more a month (22,144 minus 20,589) and ₹93,277 more interest (3,28,611 minus 2,35,334). The car loan EMI calculator on this page runs your own figures.
Yes Bank car loan rates as published
| New car | 8.65% to 11.8% p.a. |
|---|---|
| Who gets the lowest rate | Lowest rate actually charged on new car loans in July to September 2026, as the bank's RBI rate-range disclosure reports it; the bank publishes no offer rate or grid |
| Rate basis | Not stated |
| Used car | 9.51% to 17.01% p.a. |
| Electric car | Not stated |
| Read on | 9 November 2026 |
Yes Bank's published rate table
Rate Range, Annual Percentage Rate and Mean Interest Rate, July 2026 - Sep 2026 (Car Loan and Used Car Loan rows)
| Loan product | Rate Range MIN | Rate Range MAX | Annual Percentage Rate MIN | Annual Percentage Rate MAX | Mean Interest Rate |
|---|---|---|---|---|---|
| Car Loan | 8.65 | 11.80 | 8.76 | 15.17 | 9.34 |
| Used Car Loan | 9.51 | 17.01 | 10.12 | 38.92 | 13.81 |
The PDF has no footnotes; other rows (Affordable Home Loan, Business Loan, Construction Equipment, Commercial Vehicle, Education, Farm Mechanization, Home Loan, Professional Loan, LRD, Micro LAP, LAP, Personal Loan, Used CE, Used CV, LAS, KCC, LAP-DOD, CV-DODV) not recorded.
EMI at Yes Bank's published rates
| Loan amount | 5 years | 7 years |
|---|---|---|
| ₹5 lakh | ₹10,294 interest ₹1,17,640 | ₹7,956 interest ₹1,68,304 |
| ₹10 lakh | ₹20,589 interest ₹2,35,340 | ₹15,912 interest ₹3,36,608 |
| ₹15 lakh | ₹30,883 interest ₹3,52,980 | ₹23,868 interest ₹5,04,912 |
| Loan amount | 5 years | 7 years |
|---|---|---|
| ₹5 lakh | ₹11,072 interest ₹1,64,320 | ₹8,773 interest ₹2,36,932 |
| ₹10 lakh | ₹22,144 interest ₹3,28,640 | ₹17,546 interest ₹4,73,864 |
| ₹15 lakh | ₹33,215 interest ₹4,92,900 | ₹26,319 interest ₹7,10,796 |
Reducing-balance EMI on the loan amount alone. Processing fee, insurance and registration are paid separately.
Yes Bank car loan processing fee and other charges
The auto loan schedule of charges, September 2026 version, sets the processing fee at up to 2% of the loan amount, minimum ₹2,499, GST extra. The rates page, last updated in May 2024, says up to 1% on new cars. On ₹10 lakh that is ₹20,000 (2% of 10,00,000) against ₹10,000 (1%). We go by the newer schedule; confirm yours in the Key Facts Statement.
Foreclosure and part payment
No closure until 6 EMIs are paid. Then the charge is a share of the outstanding: 6% in months 7 to 12, 5% in months 13 to 24, 3% after that. Part payment opens after 12 EMIs at 5% of the amount paid until month 24 and 3% after, twice in the tenure, never beyond 25% of the principal outstanding. Per ₹1 lakh cleared, that is ₹6,000, ₹5,000 or ₹3,000 (6%, 5% and 3% of 1,00,000), plus GST. If your loan is floating (and sanctioned from 1 January 2026) none of this applies; if fixed, it applies only when printed in your sanction letter and KFS.
Smaller charges
Documentation ₹500; stamp duty at actuals plus ₹125 per stamp paper; ₹50 per bureau pull for each applicant, co-applicant and guarantor; ₹750 for an EMI date change, repayment mode swap, bounced cheque or duplicate NOC; ₹1,000 for an RC change. All exclude GST. Our guide to car loan processing fees and charges explains each line.
Yes Bank car loan fees and charges
| Processing fee | Processing Fee: For New Car - Upto 2% of Loan Amount subject to minimum of Rs 2499/-; For Used Car – Upto 2% of Loan Amount subject to minimum of Rs 2499/-. GST and other government charges, taxes, levies as applicable will be charged over and above these charges. Processing/Login Fee is non-refundable if loan is not sanctioned/disbursed; NIL processing fees for loans up to Rs.5 lakhs to Micro & Small Enterprises subject to URC. |
|---|---|
| Prepayment and foreclosure | Foreclosure of Loan is allowed only post repayment of 6 EMI's: from 07 months to 12 months (from 1st EMI) 6% of outstanding; from 13 months to 24 months 5% of outstanding; post 24 months 3% of outstanding; for MSE loans upto Rs. 50 lakhs on fixed interest rate Nil. Part pre-payment is allowed subject to completion of 12 EMIs: 13-24 Months 5% on part prepayment amount; post 24 Months 3% on part prepayment amount; part pre-payment can be done twice during loan tenure and will not increase beyond 25% of Principal Outstanding at any point; MSE loans upto Rs. 50 lakhs on fixed rate Nil. |
| Stamp Duty & other Statutory Charges | At actuals as per state laws; additionally Rs.125/- (inclusive of GST) service charge for every stamp paper/e-stamp paper |
| Valuation Fee / Asset Verification Charge (Used Car Loan only) | Upto Rs. 1000/- |
| CIBIL Charges | Rs. 50/- per instance (all applicants, co-applicants & guarantors) |
| Repayment Mode Swap Charges | Rs. 750/- per change request; NACH to Standing Instruction NIL |
| Loan cancellation / Re-booking Charges | 0 – 3 Days NIL; > 3 Days Rs. 1000/- + Tax (cancellation allowed in case of vehicle non-delivery subject to dealer refund; proportionate APR borne by Borrower/Dealer) |
| Repayment / Amortisation Schedule Charges | Rs. 500/- per request (physical or via branch); NIL on registered e-mail id |
| Duplicate No Due Certificate / NOC issuance | Rs. 750/- per certificate |
| Special NOC / NOC revalidation / Commercial to Personal Use NOC or vice versa | Rs 500/- (Special NOC); Rs 2250/- (Commercial/Personal Use NOC) |
| Statement of Account / Loan Statement charges | Rs. 750/- per statement (physical or via branch); NIL on registered e-mail id |
| Document retrieval charges | Rs. 500/- per instance |
| EMI Cycle Date change | Rs. 750/- per request |
| Documentation Charges | Rs. 500/- |
| Collateral Charges | Rs. 500/- |
| Loan Re-schedulement charges | Rs. 1000/- |
| RC Change Request | Rs. 1000/- |
| Non-Maintenance of mode of payment (NMMP) Charges | Rs 750/- |
| Foreclosure Statement Charges | Rs. 500/- per statement |
| Interest on Overdue Amount | At contractual rate for overdue amount from date of overdue |
| Cheque Bounce/Return Charges | Rs. 750/- per presentation |
| Non-submission of Post Disbursement Documents (RC with hypothecation etc.) beyond 90 days | Rs. 500/- per month |
| ROC charge creation | Rs. 2500/- (penalty, if any, borne by customer) |
| NeSL charges, individuals | Rs. 50/- first year; annual renewal Nil |
| Note | Document: 'SCHEDULE OF CHARGES - AUTO LOAN (New Car, Used Car, Two-Wheeler, Used Two-Wheeler)', Version control no. AL TWL_SOC_Sep'26; charges exclusive of GST. It is linked from the new car page as 'Car Loan_SOC'. The Car Loan Interest Rates page states a different processing fee: 'Processing fees: Up to 1% new cars, 2% used cars (varies)' (content item last updated 2024-05-27). An older 'Terms and Conditions applicable to Vehicle Loan' PDF (version Jan 2024) on the site caps the fee at 1% / Rs. 10,000 (new) and 2% / Rs. 15,000 (used); it was not read directly and is superseded by the Sep'26 SOC. |
Yes Bank car loan eligibility and documents
Salaried individuals, the self-employed, proprietorships, partnership firms and limited companies can apply; NRIs can with a local co-applicant. A spouse's income counts as co-borrower; a guarantor is needed only if your income falls short of the credit criteria.
Age is counted at the end of the tenure: 21 to 60 if salaried, 21 to 65 if self-employed (the eligibility page says under 65 for both). Income floors are ₹3 lakh a year if salaried, which is ₹25,000 a month (3,00,000 divided by 12), and ₹2 lakh otherwise, plus 1 year in the current job or 2 years in business.
Funding reaches 100% of on-road price on a new car; the used car FAQ says 70% to 100% of value. No minimum loan, credit score cut-off or document list is published, so expect the usual KYC, income proof, bank statements and proforma invoice.
Yes Bank car loan eligibility and limits
| Who can apply | New Car Loans FAQ: 1. Salaried individuals 2. Self-employed individuals 3. Proprietorship firm 4. Partnership Firms 5. Public & Private Ltd. Companies; NRIs 'Yes, with a local co-applicant'; spouse's income can be included if he/she joins as co-borrower; guarantor not needed unless income does not meet credit criteria |
|---|---|
| Age | Salaried individuals in the age group of 21 to 60 years (at the end of the tenure); self-employed individuals 21 to 65 years (at the end of the tenure). Car loan eligibility page: 'Age – must be at least 21, and less than 65 for salaried and self-employed individuals' |
| Income | Car loan eligibility page: 'Must have an income of INR 3 lakhs per annum or above for salaried individuals, and INR 2 lakhs per annum or above, for others'; at least 1 year at current job OR total 5 years of experience (salaried); at least 2 years in the same business whose ITR/Financials are provided (self-employed/firms/companies) |
| Loan amount | 'With the maximum loan amount set at INR 500 lakhs' (new car page) |
| Tenure | Feature tiles: 'Extended loan tenure up to 96 months' and 'Up to 7 years of funding' (the two tiles disagree); 'Exit age up to 15 years' |
| Funding | Up to 100% funding on the On-Road price of Car (new car page feature tile); interest-rate page: '100% on-road financing' |
How to apply for a Yes Bank car loan
No instant or pre-approved variant exists, and no sanction time is stated. Online, the apply button on this page is the bank's own car loan page. Offline, carry KYC, income papers and the proforma invoice to a branch, or ask the dealer's finance desk whether Yes Bank is on its panel.
Before signing, read the Key Facts Statement, mandatory since 1 October 2024 and valid for at least three working days. Check the rate type, since the bank's pages never say; the APR, given the disclosed APR ran to 15.17%; the processing fee, 1% or 2%; and the pre-payment clause.
Common mistakes with this loan
Treating 8.65% as your quote when it is the lowest rate someone else paid. Stretching to 96 months without the sum: on ₹10 lakh at 8.65%, 7 years means ₹15,912 a month against ₹20,589 over 5 years, ₹4,677 less (20,589 minus 15,912) but ₹1,01,276 more interest (3,36,610 minus 2,35,334).
Apply on Yes Bank's siteOpens the lender's own page. BankCreds is not a lender and takes no part in the application.
Who the Yes Bank car loan suits, and how it compares
It suits a buyer who wants the full on-road price funded, a long tenure, or a loan on an expensive car, since the ₹500 lakh cap sits above most printed limits. It suits less well anyone who wants a rate before applying, anyone likely to prepay a fixed loan early, and EV buyers, who get no scheme here (13 lenders we read publish one).
Against J&K Bank, City Union Bank and Federal Bank
J&K Bank prints spreads over its RLLR of 8.45%: plus 0.25% fixed and plus 0.75% floating, so 8.70% and 9.20% p.a., with a processing fee of 0.50% plus GST capped at ₹15,000 and a 10% to 15% margin. City Union Bank floats on EBLR at 8.70% to 10.20% p.a., 8.70% for a bureau score above 800, charges individuals nothing to prepay and has no used car product; loans stop at ₹25 lakh and 60 months. Federal Bank is the closest match: fixed 8.50% to 10.25% p.a. or floating 10.15%, up to 100% on-road for select models, 84 months, used cars from 11.50%.
How to choose the right car loan
Collect a KFS from two or three lenders and compare the APR line, not the brochure rate. Pick the tenure first; 5 against 7 years moves the interest bill by more than a lakh on ₹10 lakh. Then match the rate type to your plans: floating if you expect to prepay, fixed if you want a steady EMI. Start from our car loan hub.
Pros
- Funding up to 100% of the on-road price
- Loan cap of ₹500 lakh; tenure up to 96 months on one tile
- Disclosed mean of 9.34% on new cars, well under the 11.80% top
- NRIs can apply with a local co-applicant
Cons
- No offer rate or grid; 8.65% to 11.80% is what was charged, not a quote
- Processing fee up to 2% (minimum ₹2,499) on the fee sheet, 1% on the rates page
- Foreclosure barred for 6 EMIs, then 6%, 5% and 3% of the outstanding on a fixed loan
- Used car APR up to 38.92%; fixed or floating not stated; no EV scheme
Yes Bank against J&K Bank and City Union Bank and Federal Bank
| What | Yes Bank | J&K Bank | City Union Bank | Federal Bank |
|---|---|---|---|---|
| New car rate | 8.65% to 11.8% p.a. | 8.7% to 9.2% p.a. | 8.7% to 10.2% p.a. | 8.5% to 10.25% p.a. |
| Who gets the lowest rate | Lowest rate actually charged on new car loans in July to September 2026, as the bank's RBI rate-range disclosure reports it; the bank publishes no offer rate or grid | Car Loans (Fresh Cars), For Borrowers Opting for Fixed Rate, Individual(s)/ Firms/ Companies/ other Non-Individual Entities: RLLR + 0.25% | Bureau Score Above 800 (EBLR, no spread) | Not stated |
| Used car rate | 9.51% to 17.01% p.a. | 12.2% to 13.2% p.a. | Not offered | 11.5% to 15.25% p.a. |
| Electric car rate | Not stated | Offered, same grid | Not stated | Not stated |
| Rate basis | Not stated | Fixed or floating | Floating | Fixed or floating |
| Maximum tenure | Up to 8 years | Up to 7 years | Up to 5 years | Up to 7 years |
| Funding | Up to 100% of on-road price | Up to 90% of on-road price | Up to 90% of on-road price | Up to 100% of on-road price |
| Processing fee | By loan amount | 0.50% | By loan amount | Not published by the lender |
| Prepayment | Foreclosure of Loan is allowed only post repayment of 6 EMI's: from 07 months to 12 months (from 1st EMI) 6% of... | Scheme page: 4% of outstanding + GST on fixed-rate loans foreclosed to shift to another bank | Credit processing charges page: penal charges on prepayment for individual borrowers (business and personal) – nil | Not published by the lender |
| Read on | 9 November 2026 | 9 November 2026 | 9 November 2026 | 9 November 2026 |
Frequently asked questions
What is the Yes Bank car loan interest rate in November 2026?
Is there a Yes Bank car loan EMI calculator?
What is the Yes Bank car loan eligibility?
What is the Yes Bank car loan processing fee?
How do I apply for a Yes Bank car loan?
What is the Yes Bank used car loan interest rate?
Can I foreclose a Yes Bank car loan early?
Is the Yes Bank car loan fixed or floating?
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Disclaimer. Car loan rates are indicative and subject to change. The final rate depends on the lender's assessment of your profile and the car. Last verified on 9 November 2026. BankCreds is not a lender.
Sources
- Yes Bank: YES Bank, Rate Range: July 2026 - Sep 2026 / Annual Percentage Rate: July 2026 - Sep 2026 / Mean Interest Rate: July 2026 - Sep 2026 (retail loans interest rates PDF)
- J&K Bank: J&K Bank, Interest Rates
- City Union Bank: City Union Bank, Interest rates on various loans linked with repo rate (EBLR revision 15.10.2026)
- Federal Bank: Federal Bank, Car Loan Interest Rate 2026: Check Rates & Calculate EMI
Last verified: 9 November 2026
Written by Pankaj Pandey, reviewed by BankCreds Financial Experts
BankCreds does not sell cards or take applications. Fees and rewards change; the bank's own terms on the day you apply are what count, and approval is the bank's decision.