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.