What are the processing charges applicable on YES Bank Bike Loan?
The applicable processing charges on YES Bank Bike Loan depends on the availed loan amount. A processing charge of Rs. 2,500 will be levied, if loan amount is up to Rs 2 Lacs. If loan amount is above Rs. 2 Lacs to Rs. 10 Lacs, a processing charge of Rs. 5,000 will be charged.
If you have applied for a loan above Rs. 10 lacs, then you need to pay a processing fee of Rs. 7,500.
When can I make a preclosure payment for my loan and what will be the charges?
You can pre-close your Bike loan any time after 6 months from date of availing the bike loan. A 6% preclsoure fee of Principal Outstanding will be charged if the loan account is preclosed within 6 - 12 months from 1st EMI. A preclsoure fee of 5% and 3% will be levied if made between 12-24 months and post 24 months from 1st EMI.