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| Highlights of Yes Bank Business Loan | |
| Interest Rate | Depending on the credit profile of the loan applicant, nature of business and loan facility to be availed |
| Loan Amount | As per the applicant’s credit profile |
| LTV Ratio | Up to 100% of the asset value |
| Tenure | Up to 7 years |
| Processing Fee | Up to 2.5% of loan amount |
Yes Bank Business Loan Interest Rates
| Loan Products | Interest Rate (p.a.) |
| Commodity Finance Against Agricultural Commodities | MCLR/ EBLR+6% + applicable tax or other statutory levy, if any |
| Farm Mechanisation Loan | New tractors/ Harvestors: 12% – 17% Used Tractors: 17% – 24% |
| Micro Enterprise Loan | TL/OD/DLOD: 9% to 13.9% p.a. MEF Individual: 12% to 16% p.a. |
Yes Bank Business Loan Fees & Charges
For Retail Business Loan
| Description of Charges | Charges |
| Processing charges | Not mentioned by the bank |
| Loan Cancellation and Re-booking Charges | Rs. 1,000 (In the event of cancellation, in addition to cancellation charges, interest would be charged for the interim period between date of disbursement & date of loan cancellation) |
| Defaulted Interest Rate/late Payment Charges (for the overdue period on EMI/Principal overdue) | 24% p.a. |
| Loan Prepayment charges | Prepayment/Foreclosure is not allowed prior to the payment of 6 EMI’s Charges applicable after 06 months are as under:
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| Part Prepayment Charges | Part prepayment is not allowed |
| Legal / Collections / Repossession & Incidental Charges | At actuals |
For Commercial Vehicle Term Loan
| Description of Charges | Charges |
| Processing Fee | Up to 1% of Loan Amount |
| Prepayment Charges | From 7 months (from 1st EMI) – 4% of outstanding |
| Part Prepayment charges | Rs 2,500 per instance (max permitted 2 times in any financial year and prepayment amount not to exceed 25% of balance principal o/s) to be allowed post 12 months only. |
| Loan Cancellation and Re-booking Charges | Rs 3,000 per loan |
| Loan Rescheduling Charges | Rs 2,500 per loan |
| Late Payment Charges | 2% per month |
| NOC to convert from Commercial to Private Registration & Vice Versa | Rs 2,000 per NOC |
| Non-submission of PDD Documents Copy/Original Registration Certificate/Invoice/Insurance document with hypothecation noting in favour of YES Bank | Rs 1,000 levied per quarter if documents not submitted within 120 days from loan disbursal date |
| NeSL Fee per loan/debt record of a borrower for first year | Individuals – Rs 50 Company and LLP:
Other Commercial Entities:
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| NeSL Annual Renewal Fee per loan/debt record of a borrower | Individuals – Nil Company and LLP:
Other Commercial Entities:
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| Additional NeSL Charges | Rs 10 for annual updation after the completion of period of 5 years from the date of submission |
For Commercial Vehicle Dropline Overdraft
| Description of Charges | Charges |
| Login Admin Fees (Non Refundable) | Up to Rs 10,000 |
| Loan Processing Fees (Non Refundable) | For all product variants – Up to 2% of the loan sanctioned, subject to a minimum of Rs 10,000 |
| Part Prepayment Charges | For Floating Rate Term Loans & Dropline Overdraft Facility (DOD) to Individuals – NIL For other* loan categories: (a) NIL fees for part prepayments upto 25% of the principal outstanding** in a financial year. Note: Part prepayment cannot be done until 12 months of repayment from the loan disbursal date. Part prepayment can be made multiple times in a year. |
| Loan Pre-closure/Foreclosure Fees | For floating rate loans to Individuals – NIL For other* loan categories:4% of the principal outstanding ** for Term Loan/Current Limit for DOD FacilityNote: * Includes fixed/non floating rate loans & loans to Non Individuals ** Principal outstanding refers to principal balance in the month when the account becomes eligible for making pre-closure (i.e at least 12 months after loan disbursal date)Loan pre-closure cannot be done until 12 months of repayment from the loan disbursal date. |
| Account Maintenance Charges |
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| Commitment charges for overdraft facility |
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| Late Payment Fees | 2% per month on the overdue amount |
| Penal Interest Rate (Default Interest Rate) | 2% per month on the overdue amount |
| Additional Interest | Up to 2% per month over & above the applicable interest rate on the loan to be levied if any conditions mentioned in the sanction letter and/or loan agreement are not complied. The rate of interest will be levied from the date of non-compliance till the date the conditions stipulated by the bank are fulfilled to the satisfaction of the bank. |
| Loan cancellation/ Rescheduling charges | Rs 2,000 (franking/ stamping norms if applicable) |
| Conversion / Switch Fees ( From floating to fixed / non floating at the time of request & subject to the interest rate proposition being available & acceptable to the bank ) | 0.5% of the current principal outstanding at the time of request (Switching of the interest rate shall be at the sole discretion of the bank) |
For Farm Mechanisation Loan
| Description of Charges | Charge |
| Processing Fee |
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| Loan Cancellation and Re-booking Charges |
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| Late Payment Charges | 2% per month |
| Prepayment / Foreclosure/Part payment charges |
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For Micro Enterprise Loan
| Description of Charges | Charges |
| Processing Fee |
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| Renewal Fee |
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| Overdue Interest | 2% p.a. over and above the applicable interest rate |
| Non Compliance of any of the conditions of sanctions or irregularity in the account, Facility letter, Facility agreement, Loan Documents, as the case may be (other than mentioned above) | 2% p.a. over and above applicable rate of interest |
| Current Account Charges | |
| Remittance Services | Foreign outward remittance payments – 0.125% of the Bill amount subject to a minimum of Rs. 1,000 + Swift Charges of Rs. 500 Foreign inward remittance credits – No commission, only exchange margin |
| Foreign Exchange Services | Issuance of foreign currency demand draft – Rs 250 (for USD, GBP & EUR) / Rs 500 (for other currencies acceptable to YBL) additional to standard remittance charges applicable above Issuance of Traveler’s Cheque (available only at select branches) – 1% Commission Foreign Currency Cheque Collection – Rs 500 (USD, GBP & EUR) / Rs 1,500 (other currencies acceptable to YBL) additional to standard remittance charges applicable above |
Types of Yes Bank Business Loans
Retail Business Loan
- Purpose: Yes Bank offers Retail Business Loan to meet all funding requirements pertaining to business expansion, working capital, purchase of machinery/office/equipment, etc.
- Loan Amount: Up to Rs 50 lakh
- Tenure: 12 to 60 months
- Collateral/Security: Not required
Healthcare Finance Loan
- Purpose: Yes Bank Healthcare Finance Loan comes with customised credit solutions for businesses engaged in the healthcare sector for creating healthcare infrastructure, purchasing medical equipment, carrying out business expansion, availing balance transfer facility, etc.
- Loan Amount: Up to Rs 15 crore
- Tenure: Up to 84 months
Commercial Vehicle Loan
- Purpose: Yes Bank Commercial Vehicle Loan allows businesses to avail customised solutions and specialised loans (New Commercial Vehicle Loan, Used Commercial Vehicle Loan, Overdraft, Commercial Vehicle Dropline Overdraft, Top Up, Retention Refinance and Balance Transfer) for funding the purchase of new and used commercial vehicles. Along with the loan, the bank also offers adequate insurance coverage, funding for lifetime tax/one time tax in applicable states and assets and refinance facility catering to working capital requirements.
- Types of Vehicles Covered: Light and small commercial vehicles, intermediate commercial vehicles, medium and heavy commercial vehicles, trucks, buses, tippers, trailers and specially customised vehicles
- LTV Ratio: Loans up to 100% on chassis value and 90% on fully built vehicles with the option of body funding
- Loan Amount: Up to Rs 15 crore
- Tenure: Up to 60 months
- For New Small Commercial Vehicle/Light Commercial Vehicle/Intermediate Commercial Vehicles – 48 months
- For New Medium & Heavy Commercial Vehicle – 60 months
- For Used Commercial Vehicle – 48 months
Construction/Commercial Equipment Loan
- Purpose: Yes Bank Construction/Commercial Equipment Loan includes customised solutions and specialised loans for funding the requirements pertaining to all types of new/used construction and material handling equipment. Other features and benefits of Construction/Commercial Equipment Loan includes preferred financier status with all Indian and global manufacturers, customized EMI structure to suit your business requirements and flexible financing solutions to meet individual requirements.
- Types of Loan Facilities Offered: Term Loans, Working Capital Finance with CC & OD facilities, Bank Guarantees/LCs, Bill Discounting / LC discounting, Inventory Funding /Trade advance/ CC /OD for Dealers, Payment Solution, Cash Management Services & Forex Solutions, etc.
- LTV Ratio: Up to 90% of the asset cost
- Tenure: Up to 60 months
Business Equipment Loan
- Purpose: Yes Bank Business Equipment Loan finances expenses pertaining to industrial equipment, printing and packaging segments of the businesses engaged in Machine tooling, Metal cutting, Metal forming, Plastic industry, Automotive Ancillary, Food processing lines, Aerospace, Printing and packaging. Yes Bank claims to offer fastrack lending for loans up to Rs 50 lakh, Letter of Credit & Buyer Credit facility for the import of capital goods and structured financing solutions for imported assets.
- Types of Loan Facility Offered: Industrial Equipment Loan, Printing and Packaging Equipment Loans, Balance Transfer of your existing Equipment Loans and Loans based on existing track records (No Financials required)
- Tenure: Up to 60 months
- Minimum Loan Amount: Rs. 10 lakh
- Maximum Loan Amount: Rs 8 crore (in case of Printing and Packaging segment) and Up to Rs. 5 crore (in case for Industrial Equipment segment)
- LTV Ratio: Up to 80% of the asset cost
- Security: Equipment purchased
- Collateral: Not required
Scorecard-based Lending
- Purpose: Yes Bank Scorecard-based Lending finances the requirements of businesses engaged in trading, manufacturing and services. Under this loan facility, the bank uses a turnover-based lending approach for the assessment of credit limits. The bank also provides flexible collateral requirements on the basis of scores generated through financials, banking and other details. Parameterized template based fast track sanction, account level customization and anywhere free banking facility are some of the other features and benefits offered under Yes Bank’s Scorecard-based Lending.
- Loan Amount: Up to Rs. 5 crore
- Fund-based Facilities: Cash Credit, Overdraft, Working Capital Demand Loan, Term Loan, Drop Line Overdraft and Export Credit
- Non Fund-based Facilities: Letter of Credit and Bank Guarantee
- Other Trade Related Facilities: CMS Limits and Forward Cover
- Security: Loan against Residential/ Commercial/ Industrial Properties
Smart Overdraft
- Purpose: Yes Bank Smart Overdraft is aimed at providing working capital to MSMEs engaged in manufacturing, trading and self employed professionals like Doctors, Chartered Accountants, Engineers and Architects. Under this loan facility, the credit assessment is based on banking transactions of the customers and not on the basis of balance sheet. Other features and benefits offered under Yes Bank’s Smart Overdraft includes parameterized template based fast track sanction, account level customization and anywhere free banking facility.
- Minimum Loan Amount: Rs. 20 lakh
- Maximum Loan Amount: Up to Rs. 1.5 crore (without balance sheet)
- Types of Loan Facility Offered: Overdraft & Drop Line Overdraft
- Security: Residential/Commercial/Industrial Properties
Smart Edge
- Purpose: Yes Bank Smart Edge finances MSME’s working capital and other business requirements. The loan comes with all types of fund-based and non fund-based credit limits. To avail financing under this loan facility, balance sheet & P/L is not mandatory. The bank also offers quick loan assessment on the basis of GST and bank statements, which can be submitted digitally. Flexible collateral cover is also offered on the basis of a good financial score.
- Loan Amount: Rs. 1 crore to Rs. 3 crore (based on scorecard linked assessment model)
Commodity Finance against Agricultural Commodities
- Purpose: Yes Bank Commodity Finance against Agricultural Commodities includes customised solutions, loan products and refinancing facility for Farmers, Agri intermediaries, Processors and the owners of agricultural commodities. Under this loan facility, the bank offers longer tenure extending up to 12 months based on commodity shelf life. The bank does not require additional security other than agricultural commodities. Loans of up to Rs 2 crore can be sanctioned within one day.
- Security: Agricultural commodities
- Other features & benefits:
- More than 60 Agri-commodities are financed across 163 locations across India
- The loans are extended in Exchange Accredited warehouses/ Government/Private warehouses/ WDRA Accredited warehouses
- The bank provides funding in Electronic Negotiable Warehouse Receipts (e-NWR)/ Physical /Electronic (Demat) Receipts.
- The Warehouse Receipts are fetched directly to loan disbursement software on a real-time basis from Collateral Managers.
- The loan disbursement is fully digitized.
- Customer interface through MSME App for submitting various operational documents during disbursement of loan and release of stocks.
- Facilitates better income for farmers by enhancing their holding capacity through timely availability of credit facility and Offering credit facility to increase the holding capacity of farmers and meeting peak level Working Capital requirements of Agri Value chain participants
Yes GST
- Purpose: Yes GST provides MSMEs quick and simple access to financing based on their GST Returns. Hence, to avail the loan, balance sheet and bank statements are not mandatory for the assessment of credit limit. Also, the charge on current assets like stocks and book debts is not mandatory.
- Loan Amount: Up to 1 crore
Farm Mechanisation Loan
- Purpose: Yes Bank Farm Mechanisation Loan finances farmers in the Rural & Semi Urban geography for the purchase of new tractors, used tractors, harvester and farm implements.
- Loan Amount: Up to 25 lakh
- Loan Tenure: Up to 6 years
- Loan Repayment: Flexible (Monthly /Quarterly/ Half Yearly option available)
Micro Enterprise
- Purpose: Yes Bank Micro Enterprise Loan caters to the working capital and investment credit requirements, across sectors like retail, wholesale and trade.
- Type of Loan Facilities Offered: Overdraft, Dropline Overdraft and Term Loans. Takeover of existing loans facility is also available
- Loan Amount: Up to 2 crores
- Collateral: Residential, commercial, Industrial property and Liquid securities like Fixed Deposit
- Tenure: Up to 10 years for Term Loans/DLOD and 12 months in vase of OD
Yes Bank Business Loan Eligibility Criteria
Retail Business Loan
- Target Group: Self-employed Professionals (Doctor, CA, CS and Architects), Self-employed Non-professionals (Trader, Manufacturer, Services), Sole Proprietorships, Partnerships, Pvt. Ltd. Company, Closed Held Companies and Limited Liability Partnerships
Healthcare Finance Loan
- Target Group: Doctors, Hospitals, Diagnostic Centers, Nursing Homes, Clinics, Trusts and Societies
Commercial Vehicle Loan
- Target Group: Transport Operators, Manufacturers, Distributors/Traders, Educational Institutions, Commission agents & Freight Booking Companies
Construction/Commercial Equipment Loan
- Target Group: Individuals / Partnerships firms/ Companies (Private & Public), Trusts (Private Trusts), Limited Liability Partnerships with more than two years of business experience. Captive customers, Hirers, Contractors and Mine Owners are also eligible for the Construction Equipment Loan.
Farm Mechanisation Loan
- Target Group: Individual farmer / Proprietorship firms / Farmer producer organization / Partnership firms / LLP Company
- Geography: Approved district across select states
- Land Holding: Land ownership/cultivation required (for agriculture usage)
- Age: More than 18 years
- Residence Stability: more than 2 years
Micro Enterprise Loan
- Target Group: Small business, self-employed professionals, micro enterprise in the rural & semi-urban areas
- Business Vintage: At least 2 years
- Age: At least 21 years at the time of loan application
- Residence/Office Stability: Either office or residential property should be owned. Residence/Office stability should be of at least 24 months
Smart Edge
- Target Group: SMEs in trading, manufacturing and other services
Documents Required for Yes Bank Business Loan
Healthcare Finance Solution/ Business Equipment Finance
List of Pre-approval Documents:
- Duly filled application form
- KYC of the applicants and co-applicants
- Income Documents/Last 2 years audited financials
- Bank Statement for last 6 months
- Experience proof
- Proforma Invoice
- Other viability related details
List of Post-approval / Pre Disbursement Documents:
- Loan Agreement duly signed
- Post Dated Cheques (PDCs) / ECS Form / Standing Instruction(SI) Request with security PDCs as applicable
- Margin Money Receipt
Commercial Vehicle Financing
- KYC & Residence Stability
- Two years income tax returns with computation of income, audited balance sheets and profit & loss account
- List of owned vehicles along with the copies of RC books
- Six months bank statement
- Repayment records, if any
Construction Equipment Loan
- PAN card (I & S)
- Ration Card (with physical verification of address) (I & A)
- Valid Driving License (Complete ISA)
- Valid Passport (Complete ISA)
- Pan Intimation Letter
- Voter’s ID card (I & A)
- Utility Bill (Electricity/Telephone/Mobile (original bill)/Piped Gas/Broadband/Gas Connection Book/Water Bill issued by Municipality) (not more than 3 months old)
- Aadhar Card/Letter issued by Unique Identification Authority of India (UIDAI)
Scorecard-based Lending
- Duly filled application form
- Last 3 year Financial Statement including latest 2 years Audited Statements along with all schedules
- Financial Projection for 2 years
- Income Tax Returns along with computation of Income at least for last 2 years of the Applicant/Co-Applicant/Guarantor
- GST Returns for Current Financial Year
- Statement of Accounts for Last 6 months-for all CC/OD/Current Account
- Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement
- Proof of Vintage e.g. Shop establishment, Pollution license, etc.
- KYC documents of Applicant/Co-Applicant/Promoters/Guarantor
- Property Documents offered as security
- Self-Certified/CA certified Net worth statement of the Applicant/Co-Applicant/Promoters/Guarantor
- Sanction letter of the all Major existing working capital facilities availed by the firm
- Key group company’s latest Audited Financials, along with details of Bank borrowings, if any
- Order in Hand and Important Agreement, if any
Smart Overdraft
- Duly filled application form
- KYC documents of the applicant entity/ Proprietors/ partners/ directors/ sister concern/ guarantors/ security providers – ID proof & Address proof as per applicable KYC guidelines.
- Last 12 month bank statements for existing YES Bank customers. If not existing customer, then last 24 month bank statements
- Proof of Business Vintage e.g. Shop Establishment Certificate, Certificate of Incorporation, Partnership – Certificate of Registration, etc.
- Sanction Letter & Repayment Track Record of Existing Loans
- ITR Returns along with computation of Income & acknowledgement for last 2 years of the Applicant
- Self-certified net worth statement of the promoters/guarantors
- Documents of Property being offered as security
Smart Edge
- Duly filled MSME application form
- KYC documents of the applicant entity/ Proprietors/ partners/ guarantors /directors.
- Constitutional Document
- ITR Returns along with computation of Income at least for last 2 years of the Applicant/Co-Applicant/Guarantor
- Operating Bank Account Statement of last 12 months.
- Sanction letter of all existing Working Capital bank facilities
- Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement
- Property documents offered as security
- GST Returns for Current Financial Year
Yes GST
- Duly filled application form
- KYC of all entities and individuals involved in the loan application
- Latest 6 months GST returns for proof of turnover
- Sanction Letter of all existing loans.
- Constitution Documents for vintage proof
- ITR return of the borrower along-with computation of Income
- Management/Promoter certified Positive adjusted Net Worth
Farm Mechanisation Loan
- KYC Documents
- Duly filled in application form signed by the customer
- Loan/Bank account statement
- Land Holding/cultivation Proof
- Other documents as may be required for assessment