Yes Bank Car Loan @ Letzbank

About Yes Bank:

Yes Bank is fifth largest and fastest growing private bank in India which is controlled by Reserve Bank of India (RBI). It is the only bank which was awarded Greenfield Bank license by RBI. This bank was co-founded by Rana Kapoor in 2004 headquartered in Mumbai. The main aim is to be recognized as “Finest Quality Large Bank in the World” in order to ascertain a high quality of service to its associates.

Yes bank offers products and services like Commercial Banking, Investment Banking, Corporate Banking,  Retail Banking and Financial Marketing which includes Personal Loan, Car Loan, Home Loan, and Loan against securities, Business Loan, Gold Loan. The Bank has also won many awards in the year 2013/ 2014 and has 600 branches all over the country for your easy access.

Features of Yes Bank Car Loans:

You can make your dream come true of owning a luxury car by availing 90% of the car value with a minimum of Rs. 1 lakh and maximum of Rs. 5 crore for a salaried individual as well as self-employed at Yes Bank with interest rate of 11% - 13.5%. The bank offers longest repayment tenure of 12 months - 84 months with various repayment options. 

The applicant must be at least 21 years of age with net income of Rs. 3 lakhs per annum and work experience of 2 years with at least 1 year experience in the current job. Basic documentation like income proof, bank statement, signature proof, KYC documents, etc. are necessary while applying for Car Loan in Yes Bank.

Yes Bank - Car Loan Amount:  

You can avail 90% of the car value at Yes Bank with minimum of Rs. 1 lakh and maximum of Rs. 5 crore if you are a salaried professional or self-employed.

Yes Bank - Rates of Interest – 11% - 13.5%

Car Loans at Yes Bank come with a rate of interest ranging from 11% - 13.5% per annum.

Yes Bank - Repayment of Loans and foreclosures:

Ø  Foreclosure of the loan is not allowed until 6 EMI’s from the date of loan disbursed.

Ø  6% of the principle outstanding amount is charged for foreclosure within 6 months to 24 months        from 1^st EMI.

Ø  5% of the principle outstanding amount is charged for foreclosure post 24 months from 1^st EMI.

Ø  Part prepayment of the loan is not allowed.  

Yes Bank Car Loan – Loan tenure:

You can lay back and pay your loan amount during long loan tenure of 12 months - 84 months.

Apply for Yes Bank Car Loans at Letzbank.:

·         Get yourself registered and apply for Yes Bank Car Loan with Letzbank.

·         Compare car loan offers from a large gamut of partner banks.

·         Click on the Car Loan EMI Calculator option and plan your own loan including your EMI, ROI,         and loan tenure.

·         Tools at Letzbank will also enable you to fore-see your loan stages throughout the loan tenure             This will allow you to take a fairly smart decision.

·         Submit your application and we will get back to you.

·         None of the applicants will be charged any additional fee towards the service fee for the                       applications submitted online. 

Your Guide To Home Loan | Letzbank

A permanent roof over your head is a dream every adult wishes to fulfill. As soon as we start earning, most of us start investing and saving to ensure that we can accomplish one of the most common goals – a home of our own. With the rise in housing rates, not everyone can accomplish to buy a house without the need for finance. Which means, that more and more people every year begin their search for a home loan that will help them fulfill their need to find a comfortable nest where they can spend the rest of their lives.

It is absolutely crucial to not only pick the right home, but also the right home loan provider. But with the variety of home loan choices at your doorstep, how do you choose the best home loan? Here is a simple guide to home loans to help you decide:

      Eligibility – The first and foremost step towards the beginning of a home loan is to check whether you are eligible. The eligibility criteria for home loans is much more stringent than other loans as the loan tenure is longer. Each bank has its own criteria set in place for eligibility but generally you will be eligible for a home loan if you have a minimum income is such that 40% of that can go towards the home loan, leaving you with enough money to pay your other expenses. There is also an age criteria in place and usually home loans are offered to individuals that fall within the 21-60 years of age bracket.

Loan Tenure –Banks determine the age of the borrower too to decide on the home loan tenure and it does not solely decide on the borrower to determine the loan tenure. If you are above the age of 45, banks may offer you a home loan with a shorter tenure of not more than 10 years or so. This is because the banks consider the age of the applicant at the time of loan maturity to determine which loan tenure will be the most comfortable. It becomes easier to find longer home loan tenure if you are younger, as you have more years before retirement and hence, can easily repay for the next 25 years or so. However, bear in mind that while a longer tenure will lower your EMI, the amount of interest that you will be paying over the years will be a lot. So, don't get carried away by a longer tenure if you can easily finish to pay off the loan in a shorter time frame.

 Income – Banks usually offer loans to salaried and self-employed individuals. Your income is a major factor in determining your home loan quotient and the bank not only takes into account your take home salary per month, but also any annual bonuses and monthly performance incentives you may receive (as long as they are consistent). One of the best ways to increase your home loan eligibility is by bringing in your spouse as your co-borrower. With two incomes, your home loan application becomes much more secure and banks will be willing to approve your application with ease.

Tax Benefits – Home loan borrowers can enjoy tax benefits for EMIs paid on home loans under Section 80C and Section 24 of the Income Tax Act.Each co-applicant of the home loan can claim a tax rebate for upto Rs. 1.50 lakhs for principal amount repaid and upto Rs. 2 lakhs for the interest paid. The tax benefits are more for a second house purchased. However, please bear in mind that for houses that are still under-construction, the tax benefits can only be availed once the construction is complete and the borrower gets to reside in the house.

Letzbank offers a variety of loan offerings including home loans from leading banks and independent financial institutions. You can benefit from a comparative display of all home loan choices at one page that saves time and enables you to make a decisive choice. Letzbank also offers service charge waivers on all loan applications that get processed directly at their website. You can make use of a variety of services offered by Letzbank, such as, EMI calculator for home loan, services to check your credit score online and also file your Income Tax returns online with ease. Not only that, you can avail the benefit from your credit, debit cards and wallets by making use of the various offers and deals available, thanks to Letzbank’s partnership with different e commerce websites and banks. 

Did you know you could take personal loan for business? @ Letzbank

Traditionally personal loans are just that- a loan taken for meeting your personal expenses. Such expenses can range from medical emergencies, travel, family vacation, purchase of home utilities and equipment. However, it is emerging as a great way of financing business ventures too. One solid reason that borrowers find going in favour of using personal loan for business is that they are really easy to get as compared to business loans.

Scenarios and conditions that make availing of personal loan for business an ideal option:-

· The collateral issues:  For most of the start ups, coming up with collateral is the biggest challenge. Personal loans do not require security, mortgages and any similar collateral.

· When all else has failed: For those who have tried all other avenues of availing loans and failed at it then personal loans offer a great way of bridging the requirement versus availability gap;

  

· Small loan for small business: Loan for Business are not very cumbersome but quite a few formalities regarding documentation and business proposal are involved for availing them. If the scale of operations is really small and funding required runs into a few lakhs then one can opt for personal loan instead business loan;

·Time is of essence: Application, approval and processing of business loans can take standard minimum time which usually runs in weeks. If you cannot afford to spend time waiting for a loan to come through, then availing a personal loan in the meantime makes good sense;

·Avoiding cumbersome paperwork: Personal loans are quick and do not require documentation other than an identity and address proof. Online lenders sometimes not even ask for it.

A point to be mentioned here is that personal loans are more expensive than business loans. But when your requirement fits into any of the above criterion, then advantages of personal loans far outweigh the disadvantages that come with high interest rates. Letzbank provides variety of loans including personal loans at very competitive rates, terms and conditions.

Why take personal loan from Letzbank?

· User friendly interface and navigation;

· Comparative display of loans from multiple lending institutions to facilitate a sound decision;

·Collaboration and tie ups with the most reputed and reliable names like Bajaj finance, Kotak Mahindra, Fullerton, RBL, Capital first and Tata Capital;

·Tenure of 60-72 months available;

·Nominal processing fee starting from 1.25%;

·Availability of other tools like EMI calculator, Credit score and digital document locker;

·ZERO charges levied by Letzbank!

So, do not let funding and credit related issues keep you from starting your own venture. Visit Letzbank  and choose from wide range of personal and business loans today!

The Big Housing Cost Difference From City To City @ Letzbank

Demand and Supply play a key role in determining the market value of a house. Which is why two houses that are identical to one another but located in different geographical area are priced differently. So a house in a non-metro place such as Nagpur, with the same cost and features will probably be priced at double the rate at a popular place in Mumbai. Metro cities have one of the costliest real estate as the demand for land is higher and more and more people every year flock to these metro cities for newer opportunities.

The change in the real estate costs ultimately makes the change in the home loan prices. The actual rates that are determined as per the market trend may differ from the circle rates, which are determined by the government of the state where the property is located. The market rates for a property are dependent upon the demand and supply of purchase and sale. A house in a popular suburb where the availability of purchasing is low will command a higher value and price, as the demand for that house will be high.

Banks and independent housing companies understand the needs of the consumer and tailor home loans according to the city and the living cost involved, amongst other factors. This is also why the eligibility criteria for home loans also differ from city to city. Based on the monthly income, lifestyle, cost of living in that city, etc. banks determine the best interest rate as well as the loan amount that they are willing to offer to a person.

Nowadays, you will find a number of banks that offer home loans with special schemes that are targeted according to specific cities that they want to address. So, whether you want a home loan in Mumbai, a home loan in Delhi or a home loan in Bangalore; you will find that home loans are tailored in a way to attract residents of those cities. This also makes it easier on the home loan borrowers as finding the right home loan is faster. Such home loans are also tailored according to the needs of the customer and their surroundings. You will also find a lot of builders who will partner with different banks to smoothen the home loan process for its prospective clients by luring them with faster approval time and reduced interest rates. However, it is always wise to check all your options and not just rely on the most convenient option without understanding the complete terms and comparing the home loan offerings from different banks.

Letzbank is a financial website that offers a wide range of loan and insurance products to its customers. You can benefit from a comparative display of all loan choices to help you easily compare different loan products and make a calculative decision. Letzbank also has partnership with various banks to bring exciting deals and offers on loans. You can easily get Instant Quotes from banks to help make a swift decision on deciding which bank to choose. Letzbank also offers Home Loan EMI calculator that is a great tool to determine your monthly EMI in a matter of seconds. Become financially aware of your credit worthiness too by availing the service of Letzbank’s Credit Score check, a service offered by Letzbank through its partnership with Experian. Letzbank also waives off service charges that are applicable on all loan applications if the loan application is submitted directly at Letzbank website

Should You Go For A Personal Loan To Travel? | Letzbank

As a wise man once said, “Travel is the only thing you buy that makes you richer”. While all of us travel for leisure at one point or another, the cost involved in international travels makes it harder for most of us. However, would you enjoy travelling more while you are young and able than when you are old and travelling with your life savings? Many would not like to have a financial constraint in between their travel plans as money can always be earned but travel is a once-in-a-lifetime experience.

While there are both positive and negative aspects of taking a personal loan for a vacation, most people nowadays are not hesitant to bank on a personal loan to gain the experience of a lifetime. On the plus side they get the much-needed flexibility on repayment and affordable interest rates makes EMI cheaper.

If you have a good credit score, there are banks that will offer you interest rates as low as 12% per annum. Club it with flexible loan tenure and zero penalties on prepayment. Personal loans are highly versatile and can be taken for a number of reasons, which makes it a perfectly unique loan product for those who would like to travel.

Personal loan amounts are offered anywhere from Rs. 20,000 to Rs. 25,00,000 and depending on where you are travelling, you can use the money to pay for flight tickets, hotel reservations, local travel costs and much more.

Personal loans for travel are unsecured loans and you need not deposit any collateral or security to be able to avail them. It is a much cheaper form of financing your travel than a credit card. This is because credit cards with a revolving balance incur an interest rate that is much more than what you will be paying towards your personal loan. It is also a quick and hassle-free process and the loan amount is provided as per your need. The repayment terms are also flexible to allow you to make monthly payments as EMI.

You can make use of Letzbank’s Personal Loan EMI Calculator that will help you determine the EMI according to the loan amount, tenure and rate of interest. It is a simple way of determining how much loan you should take and what your repayment will look like. Simply enter the loan value, the loan tenure and the rate of interest and hit calculate. The EMI calculator will easily determine your loan repayment in monthly as well as annual basis.

The benefits of applying the loan directly at Letzbank are many. Firstly, all loan applications at Letzbank get their service charge waived off. You can also benefit from the Instant Quote service that allows you to check the loan quote from any bank of your choice. Not only that, you can also avail a travel insurance at Letzbank website easily that you can use towards your travel. So go ahead and visit Letzbank website for a comparative display of all loan products. 

10 Things To Consider When You Take A Business Loan | Letzbank

While every bank or financial institution has their own take on what’s acceptable to their business loan eligibility, here are some tips that are in general practices by all.

    Most Banks Ask For Collateral– Whether you are a start-up or a mid-sized business, you will perhaps need to submit a collateral to get that business loan. Plan ahead of what assets you can serve as a collateral to the bank and determine whether you are willing to pledge your personal belongings such as house, property, etc. as collateral.

   Keep A Detailed Business Plan Ready –Banks will grill you a lot on profitability of your business and it is very crucial that you have a detailed business plan in place that can support your need for a business loan. Keep a good check of your product, be confident of your future goals and provide a clear picture of your business goals through numbers, data and other tools.

    Maintain Your Financial Records – Keeping a detailed record of all your financials including any previous debts, bank account information, all the information of investments, tax information, etc. is highly crucial. Get counselling from your CA to ensure that all financial data is up to date and to always ensure that you are running making profits.  

   Ensure Good Credit – Banks will rely on your credit report to check your borrowing history and ascertain your credit ability. Any defaults on payments could result in your loan getting rejected. It is also important to keep a check on your credit report prior to applying for business loan to ensure that any discrepancies can be duly corrected.

   Borrow Only What You Can Realistically Repay – One of the most common mistakes that borrowers make is taking more loan than what they actually require.Take the realistic approach and lend only what is sufficient for your business and don't be tempted by more as repaying with interest will cost you.

   Keep A Shorter Tenure – A longer tenure may reap you the benefit of flexibility in repayment and more time that you can get to arrange for repayment, keeping a shorter tenure, however, will save you on the hefty interest rates that the bank will charge. When you find an increase in profits, try to increase your monthly EMI so that you are able to repay faster.

    Don't Use A Business Loan To Invest –As a basic principle of investment, one should not take a loan to start an investment. Borrowing money for an investment is highly unsafe.

    Get Insured –Getting yourself covered against unforeseen circumstances such as sudden death or prolonged illness can protect you and your family from non-payment. A term insurance for the business loan can help you get covered.

    Familiarize Yourself With All Charges –Before you sign the loan agreement, make inquiries regarding the different fees and charges levied by the bank. Whether they have any pre or part payment facility or any penalties for non-payment or late payment.

   Terms and Conditions – Do ensure that you read the entire loan agreement terms and conditions prior to signing the loan and do a due diligence at the time of submitting your application. There may be hidden fees and charges involved that the bank may not have disclosed to you and that can be verified on the loan agreement. 

      We at Letzbank remain sanguine that we will make all efforts to guide you that you make the right decisions and help you in that hour of need. We want to keep up the goodwill of our customers - because we value our relationship with you.