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YES Bank Business Loan

Many people will have the vision of starting their own business or if one already has a business to expand it and build it into something better. Any person wanting to start a business or any individual wanting to expand their business needs funds to do so. This is where entrepreneurs and individuals take loans at a previously agreed rate of interest and time. Without this working capital, businesses cannot run smoothly. Be it MNCs everyone will have need of funds at one point of time or another. Lenders like Yes Bank provide Business loans just for that purpose.

YES Bank SME Loans

YES Bank provides loans to self-employed and businessmen for financing the expansion or working capital requirements of their business. There are some YES Bank SME loan Schemes for better understanding.

  • YES SAMRIDDHI – It is a financing proposition to meet the monetary requirements of businesses involved in services, trading, and manufacturing businesses.

    • The loan scheme has a turnover-based lending approach for assessing the credit limit

    • Maximum loan amount: Rs. 4 crores and Rs. 2 crores (in case of non-DP linked Overdraft (OD))

    • Fund based credit: cash credit, overdraft, working capital loan, term loan, drop line OD and export credit

    • Non-fund based credit: Letter of credit, buyers credit and bank guarantee

    • Trade related facility: CMS limits and forward cover

    • Parameterized template-based fast track sanction with local credit delegation

    • Loan against residential/commercial/industrial/NA plot

  • YES SUYOG – This loan scheme finances SME businesses in services, trading and manufacturing sectors

    • Relaxation of collateral coverage on the basis of high scores

    • Preferential pricing for credit profiles with good scores

    • An appraisal based on a scorecard

    • Fund-based credit: cash credit, overdraft, working capital demand loan, term loan, drop line OD and export credit

    • Non-fund based credit: Letter of credit, buyers credit and bank guarantee

    • Trade related facility: CMS limits and forward cover

    • Maximum loan amount: Rs. 2 crores

    • Loan against residential/commercial/industrial/NA plot/SLBC/BG/FD/surrender value of LIC

  • SMART OVERDRAFT – Quick overdraft facility for MSMEs involved in trading and manufacturing. Also for professionals like Doctors, Engineers, Architects, and Chartered Accountants.

  • The balance sheet is not needed for analysis

  • Credit assessment is based on customer’s banking transactions

  • Fund based limits (overdraft and drop line overdraft)

  • Loan amount: From Rs. 20 lakh to Rs. 1 crore

  • Loan against residential/commercial/NA plot/SLBC/BG/FD/Surrender value of LIC

  • CASH BACKED Lending Program – Financing option for service providers, traders, and manufacturers.

  • Fast processing with minimal documentation

  • Best for immediate and non-fund based credit needs of SMEs

  • Non-fund based credit: Buyer’s credit, letter of credit or bank guarantee

  • For domestic business, the margin is 100% of Letter of Credit, Bank Guarantee or Standby Letter of Credit

  • Letter Of Credit: 180 days /up to 3 years in case of Supplier’s Credit LC

  • Bank Guarantee: 36 months (including claim Period)

  • Letter Of Undertaking: up to 3 years for arranging BC for Capital Goods and up to 1 year period for arranging BC for non-capital goods. 

  • YES GST – Quick financing for MSME businesses.

    • Assessment of limit on the basis of turnover according to GSTR 1 returns

    • No balance sheet or bank statement is required for assessment.

    • Up to 1 crore rupees financing through fund-based OD or Drop-line OD facility

    • Faster approval with quick documentation

      • Charge on current assets such as stock and book debts is not necessary to be hypothecated  

Banks interest Rate
HDFC Bank Business Loan 15.65%
Yes Bank Business Loan 16.25%
RBL Bank Business Loan 16.25%
CITI Bank Business Loan 12% to 18% 
India Bank Business Loan 8.30%

 YES Bank Business Loan Interest rate, Fee & Charges

Interest rate


Processing charge

Up to 2%


12-36 months

Loan amount

Rs. 5 lakh to Rs. 50 Lakhs

Part prepayments, fees

2%, after 12 EMI’s

Early Foreclosure, fee

Up to 4%, after 12 EMI’s

YES Bank Business loan Eligibility Criteria 

  • Following people eligible for Yes Bank Business Growth loan

    • Self-employed individuals

    • Proprietors

    • Private Ltd. Co.

    • Partnership Firms

  • The business should have a at least turnover of Rs. 40 lakhs

  • With 5 years of total business experience Individuals who have been in the current business for a minimum of 3 years.

  • Those whose business has been good track record for the previous 2 years

  • The business should have an ITR of Rs. 1.5 lakhs per annum

  • At the time of applying for the loan, the borrower should be at least 21 years and should be no older than 65 years at the time of loan maturity

Required Documents YES Bank Business loan

  • ID Proof

    • Aadhaar Card

    • Passport

    • Voter's ID Card

    • PAN Card

    • Driving License

  • Address Proof

    • Aadhaar Card

    • Passport

    • Voter's ID Card

    • Driving License

  • PAN Card – For Company/Firm/Individual

  • Bank statement of the previous 6 months

  • Latest ITR along with Balance Sheet, Profit & Loss, and computation of income account for the previous 2 years, after being CA Certified

  • Ownership proof of office or residence

  • License providing evidence regarding business continuation like sales tax license, Trade license, establishment license. 

How to apply for YES Bank Business SME Loans

There are 2 options by which one can apply for a business loan.

  • Visit Branch

  • Online

    • In the  online method go to YES Bank website

    • Now click on “Business Banking”

    • In Business Banking go to “YES SME Loans”

  • Fill the application form and submit it with attaching all mandatory documents

  • Bank associate will let you know in a few minutes that you are eligible or not for the loan

  • After getting approval visit to Yes bank branch for further proceedings

you can also check other banks business loan criteria, eligibility and interest rates > All banks business loan

Last Updated on : 18/Jun/2020

Know More How To Apply ??

Know More About

Yes Bank Business Loan

You're eligible for a Yes Bank Business Loan if you:

Are legally adult enough to handle it

Have still got it

Get a regular pay check

Make more than a basic buck

Your eligibility depends on:

Earn more than minimum income required

Maximum allowed Business Loans is Rs. 10K to Rs. 45 lakhs

EMIs of other loans loweryour eligibility

Boost your eligibility by:

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Yes Bank Business Loan Interest Rates

Updated on 25 Nov 2017

Yes Bank Business Loan Details
Interest Rate (Monthly reducing balance) 10.75% - 14%
Processing Fees Up to 3% of the loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Business Loans EMI Calculator

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