Benefits of YES Bank Business Loans

• Flexible Financing Options: Loans from ₹5 lakh to ₹60 lakh (up to ₹8 crore for specialized schemes) to meet diverse needs like working capital, expansion, or equipment purchase.
  Options for secured and unsecured loans, with no collateral required for amounts up to ₹50 lakh under certain schemes.
• Competitive Interest Rates: Rates range from 10.00% to 21.00%, with lower rates for borrowers with strong credit profiles (CIBIL score ≥700) or high turnover (≥₹1 crore annually).
  Transparent pricing with all charges disclosed upfront.
• Customizable Repayment Terms: Flexible tenures from 12 to 60 months (up to 7 years for specific purposes like expansion or vehicle loans).
  Tailored EMI structures to align with business cash flows, with options like Standing Instructions, ECS, or Post-Dated Cheques.
• Quick and Hassle-Free Processing: Fast-track approvals through digital applications and minimal documentation (KYC, bank statements, ITR, business vintage proof).
  Doorstep documentation services and online repayment options via platforms like Bajaj Finserv.

How to Apply for a YES Bank Business Loan

• 1. Check Eligibility
  • Age: 25 years at loan approval, up to 65 years at maturity.
  • Business Vintage: Minimum 3 years of operation.
  • Annual Turnover: Minimum ₹1 crore (varies by scheme).
  • CIBIL Score: Preferably ≥700 for better terms.
  • Eligible Entities: Self-employed professionals (e.g., doctors, CAs, engineers, architects), proprietorships, partnerships, private limited companies, or MSMEs.
  • Specific Loan Types: Verify eligibility for Scorecard-based Lending, Smart Overdraft, or Commercial Vehicle Loan.
• 2. Gather Required Documents
  • KYC Documents: PAN card, Aadhaar card, passport, or other valid ID/address proof.
  • Business Proof: Shop establishment certificate, GST registration, or other proof of 3+ years of business vintage.
  • Financial Documents:
    • Income Tax Returns (ITR) for the last 2 years.
    • Bank statements for the last 12–24 months.
    • Balance sheet and profit/loss statement (if applicable).
  • Loan-Specific Documents: Property documents (for secured loans), existing loan repayment track record, or project details (if applicable).
  • Other Documents: Passport-size photographs, duly filled application form.
• 3. Choose the Application Method
  • Option 1: Online Application
    • Visit the YES Bank official website.
    • Navigate to ‘Loans’ > ‘Business Loans’ or search for the specific loan product (e.g., MSME Loan, Smart Overdraft).
    • For Existing Customers: Click ‘Apply Now’, log in with your YES Bank credentials, and fill out the online application form.
    • For New Customers: Click ‘Request a Callback’, enter your contact details, and a YES Bank representative will guide you.
    • Submit the form and note the application reference number for tracking.
  • Option 2: Branch Visit
    • Locate the nearest YES Bank branch using the branch locator on their website.
    • Visit the branch and request a business loan application form.
    • Fill out the form, attach physical copies of required documents, and submit them to the loan officer.
    • The branch representative will verify documents and initiate the application process.
  • Option 3: Customer Care
    • Contact YES Bank’s customer care:
      • Phone: Call the toll-free number (available on the YES Bank website) or regional contact numbers.
    • Provide basic details (name, contact, business type, loan requirement) and request assistance.
    • A representative will guide you through the process and may arrange doorstep document collection.
• 4. Loan Processing and Verification
  • Application verification and document review.
  • A credit assessment will be conducted based on your CIBIL score, business turnover, and financials.
  • For secured loans, property valuation may be required.
  • You may receive a call or email for additional details or clarification.
• 5. Loan Approval and Disbursal
  • Upon approval, YES Bank will issue a sanction letter detailing the loan amount, interest rate, tenure, and repayment terms.
  • Sign the loan agreement and complete any final formalities (e.g., setting up EMI via Standing Instructions, ECS, or Post-Dated Cheques).
  • The loan amount will be disbursed to your YES Bank account or designated account, typically within a few working days.

Eligibility Criteria for YES Bank Business Loans

• Applicant Type:
  • Self-employed professionals (e.g., doctors, chartered accountants, engineers, architects).
  • Proprietorships, partnerships, private limited companies, or limited liability partnerships.
  • Micro, Small, and Medium Enterprises (MSMEs) engaged in manufacturing, trading, or services.
  • Exclusions: Trusts, NGOs, or businesses in speculative activities may not qualify (subject to specific schemes).
• Age:
  • Minimum: 25 years at the time of loan application.
  • Maximum: 65 years at the time of loan maturity.
• Business Vintage:
  • Minimum 3 years of continuous business operation.
  • Proof required: Shop establishment certificate, GST registration, or other valid business registration documents.
• Annual Turnover:
  • Minimum ₹1 crore annually (may vary by loan scheme, e.g., lower for specific MSME or overdraft products).
  • Higher turnover may improve loan amount eligibility and terms.
• Credit Score:
  • CIBIL score of preferably 700 or higher for better interest rates and approval chances.
  • Lower scores may be considered but could result in higher rates or stricter terms.
• Business Stability and Financials:
  • Stable business with consistent revenue and profitability (demonstrated through bank statements, ITR, or balance sheets).
  • No major defaults or ongoing insolvency proceedings.
  • For secured loans, acceptable collateral (e.g., residential, commercial, or industrial property) may be required.
• Specific Scheme Requirements:
  • Scorecard-based Lending: Based on turnover and financial scores, with flexible collateral options (up to ₹5 crore).
  • Smart Overdraft: Assessed on banking transactions (not balance sheet), with loan amounts from ₹20 lakh to ₹1.5 crore.
  • Commercial Vehicle/Equipment Loans: Requires proof of business need and may involve tie-ups with manufacturers.
  • Healthcare Finance Solution: Tailored for doctors or healthcare businesses, with specific criteria for medical infrastructure financing.
• Nationality and Residency:
  • Applicant must be a resident Indian or an Indian entity registered in India.
  • Non-Resident Indians (NRIs) may not be eligible unless specified under a particular scheme.
• Documentation:
  • Valid KYC documents (PAN card, Aadhaar, passport, etc.).
  • Business proof (GST registration, shop establishment certificate).
  • Financial documents (ITR for 2 years, bank statements for 12–24 months, balance sheet/profit-loss statement if applicable).
  • Loan repayment track record (for existing loans) and property documents (for secured loans).
• Loan Utilization:
  • Loan should be used for legitimate business purposes such as expansion, purchase of equipment, working capital, etc.
  • Business plans or projects may be required for specific loan types (e.g., Commercial Vehicle Loans or Equipment Financing).
• Repayment Capacity:
  • Applicant must demonstrate the ability to repay the loan through business cash flows, verified income, or other financial sources.
  • Loan repayment track record should be clear, without any major defaults or delays.