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Yes Bank Business Loan
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.
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Yes Bank Business Loan
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Yes Bank Business LoanHere are a few factors
| 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 |
Yes Bank Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents required for Yes Bank Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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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
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
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.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
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
|
| 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 |
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.
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