Car loan

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Car loan

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Car loan on YONO is envisaged as one-stop solution for applying for loan, Covering existing Bank customers (salaried and non salaried customer categories) under self service mode.

Features

  • Instant in-principle loan approval
  • Financing up to 100% of 'On-road Price'
  • Competitive Interest Rate
  • Longest Repayment Tenure (7 years)
  • No prepayment charges

Eligibility

  • For resident individual aged 21 to 70 years
  • For Salaried customers - Net Annual Income of applicant and/or co-applicant if any, together should be a minimum of Rs. 3,00,000/-.
  • For Self-Employed customers- Net Profit or Gross Taxable income of Rs. 3, 00,000/- p.a. (income of co-applicant can be clubbed together).

How to Avail 

  • Step1: Login to YONO & under Hamburger menu (☰ ) on top left end > Loan > Car Loan, tap on Apply Now.
  • Step2: Review and update your personal & employment details
  • Step3: Select the vehicle details and enter price details
  • Step4: Select loan amount, tenure and branch
  • Step5: Accept terms and conditions. Lead and in-principle offer will be generated. Visit your selected branch for further process.

Download YONO SBI

Last Updated On : Wednesday, 21-05-2025

Interest Rates

8.00%* p.a. onwards

w.e.f. 15.04.2025

*T&C Apply.

 

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