Here are a few factors

Rating 4.7 /
Total - 66 ratings
5
45
4
21
3
0
2
0
1
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Location 50Km from Branch
CIBIL Score 650+
Processing Offline
Business Vintage 3 Year
Minimum Turnover Minimum 1Cr to 150 Cr
Loan Amount & Tenure 5 Lac-50 Lac
(12 month to 36 Month)
Loan Product Only Term Loan No OD Limit
Rate of Interest & Type 16.50% - 19.50%(Reducing)
TAT Sanction-1 Days
Disbursement-7 Days
Processing Fees 2.50%
Foreclosure Charges 4%
Applicant Type Individual, Proprietorship Concern, Partnership Firm/LLP/Company
Whether Co-Applicant Mandatory Yes if Applicant is Other than Proprietorship Firm
Proprietor Age/Co-Applicant Age 23 Year- 68 Year
Part Payment Allowed No
Whether Ownership Proof Required Yes, Either Office or Residence should be owned.
Business Registration Proof Mandatory Yes
Program Banking-25 Lac, GST-25 Lac, Income-50 Lac
Product for Professionals No
Negative Profile Advocates, Jewellers, Share Traders, GYM, Liquor, Hotel and Restaurant, Aviation Sector,
Tour & Travels, Real Estate,Auto Mobile, Minus 1 CIBIL
USP Without Financial Funding upto 25 Lac
Additional 1. Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. Civil Contractor is catious profile

Documents required for Yes Bank Business Loan

Let’s look into the eligibilities and required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : Yes Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Yes Bank Business Loan

Are you looking for a wonderful chance to kickstart a company of your own? Here's a pleasant surprise: Yes Bank has business loans that can help you turn your dream into a reality. You can effortlessly take your enterprise to new levels with the assistance of YES Bank Business Loans, which offer you an abundance of advantages and specific features to satisfy your different business demands. It also offers simple paperwork and speedy approvals.

YES Bank provides business loans with terms of up to 7 years to assist with the financing requirements for business growth, working capital, commercial vehicle buying, and other purposes. The bank provides its applicants with a variety of loan options, including term loans, healthcare finance loans, commercial vehicle loans, business machinery finance, construction machinery loans, microenterprise finance, and farm mechanization loans.

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

If you are looking for a business loan with attractive interest rates, look no further than Yes Bank. They have the best policies to ensure you get a hassle-free service whenever you request. They have a very dedicated and helpful team who always gives their customers the best possible assistance. Apart from this, Yes Bank Business Loan is one that can’t be missed if you are really keen on growing your business and taking it to great heights. This guide will help you learn and discover more about Yes Bank Business Loan.
Pre Disbursement Charges
Rack Interest Rate Not mentioned
Stamp Duty & Other Statutory Charges As per applicable laws of the state
Processing Charges Amount Not mentioned
Post Disbursement Charges
Loan Cancellation and ReBooking Charges

Rs. 1000 (In the event of cancellation, in addition to cancellation charges, Interest would be charged for the interim period between date of disbursement & date of loan cancellation)

Defaulted Interest Rate/late Payment Charges (for the overdue period on EMI/Principal overdue)

24% per annum

Cheque Bounce Charges

Rs. 750 per Bounce

Cheque Swapping Charges

Rs. 750 per transaction

5 Loan Prepayment charges

Prepayment/Foreclosure of Loan is not allowed prior to payment of 06 EMI’s. Charges applicable after 06 months are as under


  • 07-24 Months 4% of Principal

Outstanding

  • 25-36 Months 3% of Principal Outstanding

  • 37-48 Months 2% of Principal Outstanding

Part Prepayment Charges

Part Prepayment not allowed

Duplicate Repayment Schedule

750 per schedule

Duplicate NOC/NDC Issuance charge

Rs. 250 per statement

Duplicate Statement of Account charges

750 per statement

Legal / Collections / Repossession & Incidental Charges

At actuals

Date on which annual Outstanding Balance Statement will be issued

On demand

Leave Your Question

FREQUENTLY ASKED QUESTIONS

You can get a business loan from Yes Bank for an amount ranging from 5 lakh to 50 lakh. Your income and ability to repay the loan are additional factors that affect your eligibility for a loan at Yes Bank.

Processing fees of up to 2% plus relevant tax are charged by Yes Bank. If you are an existing customer or have a solid track record, the processing fee may be negotiable.

In order to to be eligible for a business loan, you must be at least 25 years old at the time of loan approval and no older than 65 at the time of loan maturity.

YES Bank offers its business loans interest rates from 10.00% to 21.00%.

Yes Bank gives you the flexibility to pay your loan between 12 to 60 months. You can repay your loan accordingly without any delay.