YES Bank Business Loan

YES Bank provides Business loans for purposes like working capital funding, buying machinery, or expansion of a business.

YES Bank provides business loans of up to Rs. 50 Lakhs, with a repayment tenure of up to 5 Years. The interest rates on YES Bank Business Loan start from 13.25% per annum onwards.

YES Bank Business Loan Highlights

YES Bank Business Loan Features & Benefits

• Flexible Tenure : The repayment tenure of the YES Bank Business Loan is flexible ranging from 1 Year to 5 Years.
• Less Documentation : YES Bank Business Loan requires very little documentation, thus making the application process easy and a quick one.
• Loan Amount : YES Bank provides Business loans up to Rs. 50 Lakhs.
• No requirement of collateral : For YES Bank Business Loan you do not need to submit any collateral.

YES Bank Business Loan Eligibility Criteria

In order to avail of the YES Bank Business loan, an individual has to meet certain eligibility criteria put up by the bank.

Compare other bank business loan interest rate:

Documents Required for YES Bank Business Loan?

In order to avail of the YES Bank Business loan, an individual has to provide certain documents required by the bank.

• Completely Filled MSME Application Form
• Last 3-year Financial Statement including latest 2 years Audited Statements along with all schedules
• Financial Projection for 2 years
• ITR Returns along with computation of Income at least for last 2 years of the Applicant/Co-Applicant/Guarantor
• Sales Tax/ VAT Returns for Current Financial Year
• Statement of Accounts for Last 6 months-for all CC/OD/Current Account
• Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement
• Proof of Vintage eg. Shop establishment, Pollution license, etc
• KYC documents of Applicant/Co-Applicant/Promoters/Guarantor
• Property Documents offered as Security
• Self Certified/CA certified Net worth statement of the Applicant/Co-Applicant/Promoters/Guarantor
• Sanction letter of all Major existing working capital facilities availed by the firm
• Key group company’s latest Audited Financials, along with details of Bank borrowings if any
• Order in Hand and Important Agreement if any

YES Bank SME Loan Scheme

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.

1. 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 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

2. 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
• Appraisal based on score card
• 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

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

• 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

4. 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. 

5. 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

Yes Bank Business Loan Fees & Charges

The following are the key fees and charges other than interest charges applicable to a Business loan from YES Bank:

YES Bank  Business Loan EMI Calculator

A Business loan calculator helps you to know the amount of EMIs that you need to pay towards your Business Loan. 

As a Business loan can go from 20 - 30 years, so you have to be aware of your monthly installments in advance. For that, you can use the EMI Calculator provided by BankSathi to calculate your monthly EMIs on your Business Loan.

The formula for the same is:

[P x R x (1+R)^N]/[(1+R)^N-1], where

• P stands for the ‘Principal Amount’.
• R stands for the rate of interest set by the bank.
• N is the number of years for which the loan has been taken.

How to apply for YES Bank Business Loan?

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

• Offline: Visit any branch of YES Bank.
• Online :
• Go to the YES Bank official website
• Click on the “Business Banking” section and select “YES SMELoans”.
• Fill the application form and submit it with attaching all mandatory documents
• Bank associate will let you know in few minutes that you are eligible or not for the loan
• After getting approval visit to YES bank branch for further proceedings

YES Bank Business Loan Customer Care

You can contact the Yes bank customer care if you have any query or complaints or when you need any assistance regarding the Yes bank business loan. 

Here is the Yes bank business loan customer care number:

+91 9552220020

FAQs On Yes Bank Business Loans

Q.1 What is the maximum Business loan amount offered by YES Bank?

The Maximum Business loan amount of YES Bank Business Loan is Rs. 50 Lakhs.

Q.2 What is the tenure of YES Bank’s Business loan?

The maximum tenure approved for repayment by YES Bank for a Business loan is up to 5 Years.

Q.3 What were the processing fees charged by YES Bank’s Business loan?

YES Bank Business loan charges processing fees are up to 2.50%  of the loan amount.

Q.4 What was the age required for YES Bank’s Business loan?

The age required for salaried employees is 21 years to 65 years.