Apply for Business Loan Starting From 14.99%* 
Yes Bank offers collateral-free business loans to self-employed customers and enterprises for loan amount of up to Rs. 50 lakh with the repayment tenure from 1 year to 5 years. This loan is offered in form of term loans for the purchase of commercial assets, capacity expansion, plant upgradation, etc.
| Yes Bank Business Loan – Highlights – 2022 | |
| Interest Rate | As per business requirements & present MCLR* |
| Loan Amount | Up to Rs. 50 lakh |
| Repayment Tenure | 1 year to 5 years |
| Collateral / Security | Not required |
*Yes Bank 1 year MCLR is 8.60% updated as on May 2022.
Apply for Business Loan @ 16% p.a. onwards Apply Now
Unsecured Business Loans from the Yes bank can be used to meet working capital requirements, for business expansion purposes, purchase of machinery/equipment and much more. Other than self-employed customers, business loans offered by the bank can be availed by the following entities:
- Private Limited Companies
- Sole Proprietorships
- Partnership Firms
- Limited Liability Partnerships (LLPs)
- Closed Held Companies
- Professionals, such as CAs, CSs, Doctors and Architects
Non-professional individuals shall be engaged in income-generating activities and serving the trading, manufacturer or services sector.
Comparison of Business Loan offered by Yes Bank vs other Banks/NBFCs
| Bank/NBFCs | Interest Rate | |
| IIFL Finance | 11.75% – 25.75% p.a. | Apply Now |
| HDFC Bank | 11.90% – 21.35% p.a. | Apply Now |
| FlexiLoans | 1% per month onwards | Apply Now |
| ZipLoan | 1% – 1.5% per month (Flat ROI) | Apply Now |
| Axis Bank | 14.25% – 18.50% p.a. | Apply Now |
| IDFC First Bank | 14.50% onwards | Apply Now |
| Kotak Mahindra Bank | 16% – 19.99% | Apply Now |
| Fullerton Finance | 17% – 21% | Apply Now |
| Bajaj Finserv | 17% p.a. onwards | Apply Now |
| RBL Bank | 17.50% – 25% p.a. | Apply Now |
| ICICI Bank | 18% onwards | Apply Now |
| Indifi Finance | 1.5% per month onwards | Apply Now |
| Lendingkart Finance | 1.5% – 2% per month | Apply Now |
| Tata Capital Finance | 19% p.a. onwards | Apply Now |
| NeoGrowth Finance | 19% – 24% p.a. | Apply Now |
| Hero FinCorp | Up to 26% p.a. | Apply Now |
Fees & Charges
| Types of Charges | Fees |
| Loan Cancellation and Re-Booking Charges | Rs. 1000 (In the event of cancellation, in addition to cancellation charges, Interest would be charged for the interim period between the date of disbursement & date of loan cancellation) |
| Defaulted Interest Rate/late Payment Charges (for the overdue period on EMI/Principal overdue) | 24% per annum |
|
Loan Prepayment charges | Prepayment/Foreclosure of Loan is allowed after the payment of 6 EMIs.
Charges applicable after 6 months are as under: · 7-24 Months: 4% of Principal Outstanding · 25-36 Months: 3% of Principal Outstanding · 37-48 Months: 2% of Principal Outstanding · More than 48 Months: Nil |
| Part Prepayment Charges | Part Prepayment Not Allowed |
| Duplicate Repayment Schedule | Rs. 750 per schedule |
| Duplicate NOC/NDC Issuance charge | Rs. 250 per statement |
| Duplicate Statement of Account charges | Rs. 750 per statement |
| Legal / Collections / Repossession & Incidental Charges | At actuals |
| Stamp Duty & Other Statutory Charges | As per applicable laws of the state |
Note: GST and other government charges, taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges.
Also Read: What are the government loan schemes for starting a small business?