Yes Bank Business Loan

 

About Yes Bank Business Loans

Primarily operating as a corporate bank, with asset management and retail banking as its subsidiary functions, Yes Bank Ltd is considered the fourth largest private sector bank in India. Established in the year 2004, it has also been recognized as one of the Fastest Growing and Top Banks by several global advisory firms and media houses. The company earns the majority of its revenues through corporate banking operations and syndicated loans. It functions as 3 different entities – Yes Asset Management Services, Yes Capital and Yes Bank. With close to 19,000 employees on its rolls and a total asset base of US$ 44 billion, Yes Bank has rapidly emerged as a big favorite amongst the business loan seekers in India.

Yes Bank offers unsecured business loans to self-employed professionals (CAs, doctors, architects and company secretaries) and self-employed businessmen (traders, manufacturers and service providers) who wish to avail collateral free funding to meet their business requirements. These businesses should have been incorporated as sole proprietorships, partnerships firms, limited liability partnerships, private limited companies or closely held companies. The loan is granted without the need of any security and can be utilized for any business purpose including the purchase of office equipment, machinery, business expansion, working capital, etc. Below we have provided more details on Yes Bank business loans’ eligibility criteria, features, and charges.

Business Loan Eligibility Criteria

In order to be eligible for Yes Bank business loan, you should be a self-employed professional or a self-employed businessman incorporated as a sole proprietorship, partnerships firm, limited liability partnership, private limited company or a closely held company. The age of the applicant at the time of loan application should be minimum 21 years and no more than 65 years when the tenure of the business loan expires. Please note, you need to submit all pertinent documents to prove your eligibility for the Yes Bank business loan. Following are more specific details on Yes Bank business loan eligibility criteria such as minimum / maximum income, post-qualification experience, credit score etc.

3

Years in currert business

₹ 50Lacs

Minimum Turnover

Yes Bank Business Loan Features / Details

You can avail Yes Bank business loan of up to ₹ 50 lakh with a flexible tenure ranging from 12 months to 60 months. As the loan is unsecured in nature, there is no need of pledging any security or collateral with the bank. The interest rate is decided based on the creditworthiness of the business and various other parameters. On the whole, the procedure is kept completely transparent with proper written communication with the borrower. Please refer to the details below for more information on specific Yes Bank business loan features like the interest rate, repayment mode, tenure, quantum of loan etc.

16.50%

Interest Rate (Min)

1 – 3 Years.

Loan Tenure

₹ 5Lacs – 50Lacs

Loan Amount (Min – Max)

Yes Bank Business Loan Fees / Charges

All standard Bank business loan applications involve a processing fees of 2% of the loan amount, which is deducted at the time of loan disbursal. In the event that you choose to prepay the loan, which is allowed only after 12 months, you will need to pay pre-closure charges of 5% of the outstanding principal (plus GST). Several other charges might also come into application depending upon the circumstances and your requirements, for instance, loan cancellation charges, penal interest, cheque swapping charges, ECS dishonour charges, cheque dishonour charges, late payment fee etc. The details of all these charges can be found below.

1.50% of Loan Amount.

Processing Fees

0% of amount prepaid.

Pre-payment Charges

No

Part Payment Facility

0%

Part Payment Processing Fees