Apply for Yes Bank Business Loan | Lowest Interest Rate
Businesses need funds from time to time to cover their operation expenses and to capitalise on business opportunities. YES BANK offers business loans to cover these planned and unplanned business expenses effectively.
Here are the interest rates and charges associated with the YES BANK Business Loan:
Interest Rate |
As per the bank’s norms based on MCLR (Marginal Cost of Funds based Lending Rate) The existing MCLR fixed by the bank for a tenure of 1 year is 10.50%. |
Processing Fee |
Up to 2.75% of the loan amount |
Loan Prepayment Charges |
Charges for prepayment/foreclosure after 6 months:
|
Late Payment of EMI Charges |
At the contractual rate for the overdue amount or after a grace period of 30 days |
Cheque Bounce Charges |
₹750 per incident |
Loan Cancellation/ Rebooking Charges |
₹1,000 + interest for the period between disbursement and cancellation |
Disclaimer: The interest rates listed above are subject to change as per the financial institution’s policies.
YES Bank offers business loans of up to ₹60 Lakhs to help address unexpected financial obligations or capitalise on growth opportunities.
To avail of a YES Bank business loan, you do not need to provide collateral as security.
YES Bank allows you to choose a repayment tenure based on your affordability and preference.
At YES Bank, loan application processing and disbursal is quick to help you address time-sensitive financial obligations effectively.
Here are the eligibility criteria that a business needs to meet to get a YES BANK Business Loan:
Age: The borrower’s age must be between 25 and 68 years
Business Type: Business must be engaged in the service, manufacturing, or trading sector
Eligible Entities: Sole Proprietorships, Partnerships, Private Companies, Limited Liability Partnerships, Self-Employed Professionals, and Closed Held Companies can apply
Check out the documents that a business needs to submit to avail of a YES BANK Business Loan:
KYC of the loan applicant and the co-applicant
Audited financial documents for the last 2 Years with annexures
Bank Statements for the last 6 months
Here are the various types of business loans that YES BANK offers:
This quick and convenient option offers cash credit to meet the financial needs of your business.
YES BANK also offers term lending for businesses. These loan options are ideal for business expansion, purchasing equipment, and other assets.
Currency loans by YES BANK offer a timely financing solution for your international business relationships. They offer FCY (Foreign Currency) credit to international entities and other financing solutions.
Corporate financial solutions are targeted towards businesses engaged in the industrial sector. It includes infrastructure lending, business restructuring, project financing and advisory.
Here are the steps you need to follow to apply for a YES BANK Business Loan:
Step 1
Visit the website of YES BANK
Step 2
Select ‘Business Loans’ under the ‘Loans’ category
Step 3
If you are an existing customer, click on ‘Apply Now’
Step 4
If you are a new customer, click on the ‘Request a Callback’ option
Step 5
A bank representative will contact new customers and brief them about the terms and conditions
Step 6
After clicking on ‘Apply Now’, fill in the details to initiate the process
You can contact the customer care of YES BANK in the following ways:
Call: 1800 1200 (toll free number)
Email: yestouch@yesbank.in
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YES BANK offers business loans of up to ₹60 Lakhs to help cover various business expenses.
The processing fee for a YES BANK Business Loan is up to 2.75% of the loan amount. Additionally, a strong credit score may help you secure better terms.
No, you do not have to offer collateral to get a business loan from YES BANK.
Yes, you can transfer an existing business loan from another lender to YES BANK.