Yes Bank Business Loans

Are you waiting for that perfect opportunity to run your business in top gear? Here’s good news; Yes Bank offers Business Loans can help you make your dream a reality. With the help of Yes Business Loans, you can easily scale your business to new heights, which comes with a host of benefits and tailor-made features to meet your diverse business needs. It also provides hassle-free documentation and quick approvals.

Interest Rates and Other Charges:

Fee	Charges
Interest Rate	16.25% - 19.99%
Prepayment	Allowed after 12 EMIs, 2% of the loan amount
Processing Charges	Up to 2%
Stamp Duty & Other Statutory Charges	As per applicable laws of the state
Cheque Bounce Charges	Rs 500/- + taxes
Foreclosure Charges	Allowed after 12 EMIs, up to 4%

Types of Yes Bank Business Loans

Yes SME Loans

YES Samriddhi

YES Samriddhi is a financing proposition designed to meet business requirements in trade, manufacturing, and services.

Features and Benefits:

• Offers a maximum loan amount of Rs. 4 crores, and non-DP linked OD of up to 2 crores.

• Facilities such as working capital, term loan, overdraft, cash credit, drop line OD, export credit, letter of credit, buyers credit, bank guarantee, CMS limits, and forward cover.

• Fast track sanction with local credit delegation

• Account-level customization

• Loan against commercial/industrial/residential/NA plot

• No-cost anywhere-banking facility

• Money Monitor aggregation tool that helps you to view all your bank accounts through a single window

• State-of-the-art Internet Banking platform with a real-time online account

Documents Required:

• Duly filled MSME Application Form.

• Financial Statement for the last 3 years, including latest audited statements for the last 2 years along with all the schedules.

• 2 years of financial projection

• ITR along with computation of income at least for the last 2 years of the applicant/co-applicant/guarantor

• Sales tax/VAT returns for the current financial year.

• Account statement for the last 6 months - CC/OD/Current Account.

• Repayment track statement from starting to final date/first and the latest sanction letter with repayment track statement for the last 6 months

• Proof of vintage, such as shop establishment, pollution license, etc.

• KYC documents of the applicant/co-applicant/guarantor/promoters

• Property documents offered as security

• Self-certified/CA-certified net worth statement of the  applicant/ co-applicant/ guarantor/ promoter

• Sanction letter of all the existing working capital facilities availed by the firm

• The company's latest audited financials, along with details of borrowings if any

YES Suyog

The YES Suyog program is aimed at providing finance requirements of SMEs engaged in trade, manufacturing, and services.

Features and Benefits

• Scorecard-based appraisal model

• Offers a maximum loan amount of Rs. 2 crores.

• Facilities such as working capital, term loan, overdraft, cash credit, drop line OD, export credit, letter of credit, buyers credit, bank Guarantee, CMS limits, and forward cover.

• Residential/industrial/commercial/SLBC/NA plot/BG/FD/surrender value of LIC

• Account-level customization

• Loan against commercial/industrial/residential/NA plot

• No-cost anywhere-banking facility

• Money Monitor aggregation tool that helps you to view all your bank accounts through a single window

• State-of-the-art Internet Banking platform with a real-time online account

Documents Required

• Duly filled MSME Application Form.

• Financial Statement for the last 3 years, including latest audited statements for the last 2 years along with all the schedules.

• 2 years of financial projection

• ITR along with computation of income at least for the last 2 years of the applicant/co-applicant/guarantor

• Sales tax/VAT returns for the current financial year.

• Account statement for the last 6 months - CC/OD/Current Account.

• Repayment track statement from starting to final date/first and the latest sanction letter with repayment track statement for the last 6 months

• Proof of vintage, such as shop establishment, pollution license, etc.

• KYC documents of the applicant/co-applicant/guarantor/promoters

• Property documents offered as security

• Self-certified/CA-certified net worth statement of the  applicant/ co-applicant/ guarantor/ promoter

• Sanction letter of all the existing working capital facilities availed by the firm

• The company's latest audited financials, along with details of borrowings if any

Smart Overdraft

Smart Overdraft provides a working capital limit of up to Rs. 1 crore without a balance sheet. 

Eligibility

• MSMEs engaged in manufacturing and trading.

• Professionals like doctors, chartered accountants, engineers, and architects.

Features and Benefits

• Overdraft and dropline overdraft

• Loan amount between Rs. 20 Lakhs to 1 crore

• Template-based product for faster approvals

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

• Account-level customization

• Loan against commercial/industrial/residential/NA plot

• No-cost anywhere-banking facility

• Money Monitor aggregation tool that helps you to view all your bank accounts through a single window

• State-of-the-art Internet Banking platform with a real-time online account

Documents Required

• Application Form

• KYC documents of the applicant/partners/proprietors/directors/guarantors/sister concern/security providers.

• Bank statements of the last 12 months for existing YES Bank customers. If not an existing customer, then bank statements for the last 24 months

• Proof of business vintage, such as shop establishment certificate, partnership – certificate of registration, certificate of incorporation, etc.

• Sanction letter and repayment track record of existing loans

• ITR along with computation of income and acknowledgment for the last 2 years

• Self-certified net worth statement of the guarantors/promoters

• Documents of the property offered as security

Channel Finance

Channel Finance provides finance to all dealers of a corporate, catering to both backward and forward supply chain linkages. 

Features and Benefits

• Steady and cheaper working capital financing

• Additional benefits for dealers who increase liquidity for increased off-take.

• Flexibility to pay with part-payment and prepayment options

• Channel partners may increase profitability by cash discounts from an anchor corporate

• Funding without the constraint of collateral security

• Increased appetite for goods

• Attractive finance charges

• No change in the existing system

Documents Required

• Audited profit & loss, balance sheet along with tax audit reports for the last 3 years

• ITR of Dealer and promoters/guarantors for the last 3 years

• Article of associates, partnership deed, etc.

• Bank statements for the last 6 months

• KYC and AOF documents as applicable

• Details of all borrowings from Banks/NBFCs

• Signed and accepted sanction letter

• Undated cheques for recourse

• Execution of loan agreement

• DP note, DP letter, letter of continuity

• Guarantee of the proprietor/partners/director

Cash Backed Lending Program

Cash Backed Lending Program provides a comprehensive solution for the financing requirements of manufacturers, traders, and service providers.

Features and Requirements

• Non-fund-based buyers credit, bank guarantee, letter of credit.

• Letter of credit is valid up to 180 days/3 years in case of Supplier’s Credit LC.

• Bank guarantee(including claim period): 36 months 

• Letter of undertaking: up to 1 year period for arranging BC for non-capital goods and up to 3 years for arranging BC for capital goods

• Account-level customization

• Loan against commercial/industrial/residential/NA plot

• No-cost anywhere-banking facility

• Money Monitor aggregation tool that helps you to view all your bank accounts through a single window

• State-of-the-art Internet Banking platform with a real-time online account

Documents Required

• Request letter to debit the client’s account for FD creation

• Duly accepted copy of the facility letter

• Trade KYC document

• Indemnities for the LC facility

• Letter of setoff executed by the third party in favor of YBL

• FD discharge form

• Board resolution according to consent for availing the facility, providing FD as security and authorized persons to sign and execute documents on behalf of the company.

 

YES GST

The YES GST program aims to provide MSME enterprises with quick access to financing. The product is designed to finance working capital needs of up to Rs. 1 crore.

Features and Benefits

• Assessment will be based on the turnover of GSTRI returns.

• Loan amount of Rs. 1 crore can be sanctioned through overdraft or dropline overdraft facility.

• Bank statements are not required.

• No charge on current assets.

• Quick approval and simple documentation.

Documents Required

• A duly filled-in application form

• KYC of all the entities/individuals involved in the loan application

• Sanction letter of all existing loans

• GST returns of the last 6 months for proof of turnover

• ITR of the borrower along with computation of income

• Constitution documents for vintage proof

• Management/Promoter’s certified net worth

Industr-Based Solutions for Healthcare and Printing Equipment

YES BANK provides you financial solutions for healthcare equipment to take care of your funding requirements. 

Eligibility

• Loans for hospitals, doctors, diagnostic centers, nursing homes, trusts, societies, and limited companies. 

Features and Benefits

• Tailor-made solutions based on your requirement.

• Loan amounts of up to Rs.15 crores.

• Loan tenure of up to 84 months.

• Term loans are offered for new and refurbished medical equipment and printing equipment.

• Import LC offered for importing high-end medical and printing equipment.

• The asset funded will be considered as the primary collateral.

• An LTV of 85% of the asset property can be availed.

• Superior turn-around time, with a specialized relationship manager (RM).

Documents Required

• Pre-Approval Documents:

  • ITR for the last two years, with computation of income, profit & loss account, and audited balance sheets.

  • List of owned equipment

  • Bank statement for the last 6 months

  • Relevant business experience proof

  • Repayment track records.

  • KYC of the applicants and co-applicants.

  • Proforma Invoice

  • Financial ratios such as TOL/ATNW, receipts, cash profit, ABB/EMI, DSCR, FCF/EMI, etc.

  • Other viability-related details

• Pre Disbursement/Post-Approval Documents:

  • Duly signed loan agreement.

  • Post Dated Cheques(PDC)/Standing Instruction(SI) request with security PDCs/ECS Form.

  • Margin Money Receipt

Retail Business Loans

Yes Bank offers unsecured loans to self-employed customers who need funding for their business. The loan can be offered for working capital, expansion of a business, or purchase of machinery/office equipment, etc.

Eligibility

• Self-employed professionals/partnerships/limited liability partnerships/sole proprietorships/closed held companies/Pvt. ltd. companies.

• Non-professionals under trade, manufacturing, and services.

• Professionals such as a doctor, CA, CS, or architect.

Features and Benefits

• Collateral-free loans of up to Rs. 50 Lakh.

• Flexible loan tenure of 12-60 months.

• Transparent interest rates and other charges that are always communicated to the customer in prior.

How to Apply for Yes Bank Business Loans

Apply for Yes Bank Business Loan Through a Branch

• Download the Yes Bank Business Loan application form or get it from the nearby Yes Bank branch.

• Fill in the form and submit the same at the bank along with the required documents.

• After verification, the loan will be approved/rejected.

Apply for Yes Bank Business Loans Online

• Go to the Yes Bank - Apply Business loan Page.

• Enter your full name and select the type of loan and city.

• Enter your mobile number and captcha and click on submit.

• A Yes Bank customer care representative will call you and fill you in with the required details and guide you through the complete process.

Apply for Yes Bank Business Loan Through 1 Min In-Principle Loan Approval

• Go to the 1 Min In-Principle Loan Approval page.

• Click on Business Loan.

• Enter your PIN-code, your full name, and mobile number.

• A verification code will be sent to you.

• After verification, a customer care representative will call you and fill you in with the required details and guide you through the process.

Interest Rates of Top Banks Offering Business Loan 

Bank	Interest Rate	Processing Fee
SBI	11.20% - 16.30%	2% to 3%
Axis Bank	15.50% - 24%	Up to 2%
HDFC	15.65% - 21.20%	Up to 2.5%
ICICI	12.90% - 16.65%	Up to 2%
Citibank	16% - 18.99%	Up to 2%
Yes Bank	16.25% - 19.99%	Up to 2%
PNB	12.65% - 16.65%	Up to 1.8%
IDBI	13%	1%
Kotak Bank	16% - 19.99%	Up to 2%
IndusInd	14%	Up to 2.5%
Andhra Bank	9.15% - 16%	1% to 3%
RBL	20% onwards	Up to 3%
Canara Bank	10.50% - 18%	Up to 1%
Bank of Baroda	14.10%	Up to 1%

FAQs

How much loan amount can I avail as a Yes Bank Business Loan?

You can avail an amount of up to Rs. 15 crores.

How can I repay my Yes Bank Business Loan?

You may pay the loan using any of the options mentioned below:

• Equal monthly installments (EMI)

• Electronic Clearing System (ECS)

• Auto-debit of your EMI from your Yes Bank account

What are the prepayment charges for Yes Bank Business Loans?

For prepayment (allowed only after 12 EMIs) the charges can be up to 2% of the loan amount.

What is the interest rate on a Yes Bank Business Loan?

The interest rate ranges between 16.25% and 19.99%. However, it is determined exactly based on your business profile, past track record, financial assessment, loan amount and tenure.

Can I apply for a loan for my new business?

No, you cannot apply for a loan for a new business.