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Money matters

Eligibility For Commercial Vehicle Financing

We, at YES BANK, provide up to 100% financing to enterprises engaged in the transportation industry. We assist in the financing of new commercial vehicles, working capital requirements and any other financial assistance required for business purposes. Our financial solutions are tailor-made to suit the specific requirements of all segments of the industry and can be availed in a hassle-free manner

Like a personal loan which can be availed by anyone irrespective of the nature of their work, our commercial vehicle financing scheme is offered exclusively to enterprises, which engage and use commercial vehicles to regularly carry out their business. To be eligible to enjoy our commercial vehicle funding scheme, an applicant must fall under one of the following categories:

  • Individuals

  • Partnership firms

  • Companies with business experience of more than two years

  • Existing owners of a minimum of one commercial vehicle

  • Captive customer and transporters

  • Schools

Having established your eligibility for the funds, you are required to follow our simple application process to avail our lucrative schemes. You could choose to visit your nearest YES BANK branch to complete the application formalities or simply apply online using the netbanking facility on our website. Our qualified executives can help you through the entireprocess. While it only takes 3-4 days to sanction the funds you desire, it is recommended that you keep the following documents ready before applying, so we can quicken the process for you:

  • Identity proof

  • Proof of residence

  • KYC Documents

  • Two years income tax returns with computation of income, audited balance sheets and profit & loss account

  • List of owned vehicles along with the copies of RC books

  • Six months’ bank statements

  • Repayment records, if any.

This checklist is for indicative purposes only. For detailed information, call us or get in touch with us at your nearest branch.

 
 
 
 

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