YES Bank Business Loan

4.5
Funding sources are required for purposes like buying machinery, working capital funding, or for expansion of a business. YES Bank offers business loans at competitive interest rates starting from 16% with a repayment tenure of up to 60 months. YES Bank offers a loan amount of up to Rs. 50 lakh for easy financial access.

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YES Bank Business Loan

Interest Rate

15.99% - 24.25%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2,431 - ₹2,891

Processing Fees

Up to 2.5% of loan amount

Pre-Payment Charges

Part prepayment is not allowed

Features & Benefits of YES Bank Business Loan

The features and benefits mentioned below are a testament to the credibility of the YES Bank business loans. 

  • YES Bank offers a higher loan amount than its competitors of up to ₹50 lakh.
  • Flexibility in repayment tenures ranging from 12 to 60 months.
  • The retail business loans by YES Bank can be availed without any collateral.
  • All the charges including the interest rate will be conveyed to the applicant with full transparency.
  • On 20 January 2021, a YES MSME loan scheme was introduced by the YES Bank through which MSMEs and startups will be able to avail a loan amount of up to ₹ 5 crores without pledging any collateral. 
  • YES Bank also offers pre-approved commercial credit cards, and wealth and advisory management solutions for its customers. 

Yes Bank Business Loan Overview

Funding sources are required for purposes like buying machinery, working capital funding, or for expansion of a business. YES Bank offers business loans at competitive interest rates starting from 17% with a repayment tenure of up to 60 months. YES Bank offers a loan amount of up to ₹50 lakh for easy financial access.                                         

  • Yes Bank offers attractive lending solutions for business owners and MSMEs.
  • Collateral free business loans to reduce burden.
  • Minimal processing fee and comparatively lower interest rates.

Documents Required for YES Bank Business Loan

  • Complete application form with passport size photographs
  • Business PAN card
  • Business incorporation proof
  • KYC of co-applicant and applicant
  • Audited financials of 2 years with annexures
  • Bank statement of the preceding 6 months
  • Trade Licences/Certificates/Permits (if any)

YES Bank Business Loan Customer Care Number

For any query related to YES Bank business loan requirements, the applicants can contact customer care at the toll-free number 1800 1200 or at +91 22 61219000.

FAQs

From refinancing to reducing your interest, we have the answers right here.

What is loan foreclosure?

Loan foreclosure is to repay the remaining or outstanding loan amount in a single payment than repaying it in multiple EMIs.

What is the minimum turnover requirement to apply for a YES Bank business loan?

The minimum turnover required to apply for YES Bank business loan is ₹1 crore or more.

Does YES Bank check for CIBIL score for business loans?

Yes, banks and financial institutions check your CIBIL score before approving your business loan.

What is the maximum and minimum business loan amount I can get from YES Bank?

YES BANK offers a business loan ranging from ₹5 lakh to ₹50 lakh.

How can I speed up my loan approval?

To speed up the loan approval process you should apply for your loan online, know your credit score and apply for a loan in your bank among other things.

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