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Yes Bank Business Loan Jul 2021

Yes Bank Business Loan Interest Rates India

Last Updated 19th Jul 2021

Yes Bank offers Business Loan starting at interest rate of 16.25%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

Interest Rate 16.25%
Processing Fee Up to 2%
Tenure From 12 months to 36 months
Lowest EMI per lakh ₹ 3,528
Loan Amount Min ₹ 5 Lakh and Max ₹ 50 Lakh
Part Payment Facility Allowed after 12 EMI's, 2% charges
Foreclosure Facility Allowed after 12 EMI's, Up to 4%
Apply for Business Loan @ 14.00%*

Yes Bank Business Loan Details

Yes Bank offers multiple business loan products for self-employed professionals and non-professionals at low rates. Below-mentioned are the details of the business loan Yes Bank.

Key Features of Yes Bank Business Loans
  • Purpose of Loan: You can avail Yes Bank business loan to expand or modernise your business, purchase assets, set up new units etc.
  • Loan available for self employed professionals and non-professionals.
  • Borrowers within the age group of 25 and 65 years can avail Yes Bank business loan.
  • Security: Both Secured & Unsecured
  • Loan Tenure can range from 12 to 36 years.
  • Yes Bank business loan interest rates are in the range of 16.25% to 19.99 %.
  • Yes Bank Bank business loan EMI per lakh starts from ₹ 3,528.
  • Processing Fee: Up to 2%

Factors affecting Yes Bank Business Loan Rates

There are multiple factors on which Yes Bank calculates your interest rate. Some of these factors are -

Loan amount

Business loan rate in Yes Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum ₹ 5 Lakh to upto ₹ 50 Lakh. Interest rate for high loan amounts can be lower resulting in lower EMIs.

CIBIL Score

Yes Bank offers business loans at higher interest rate if your CIBIL score is low or vice versa. However, to get a loan from Yes Bank, your CIBIL score should be at least 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.

Revenue

Yes Bank will offer you a loan at a lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least ₹ 1,00,00,000

Time in Business

Yes Bank offers loans at lower rates if you have significant business experience. Minimum business existence to get a business loan from Yes Bank is 36 months.

Lowest Yes Bank Business Loan Interest Rates

Currently, the lowest business loan rate offered by Yes Bank starts at 16.25%. There has been no change in the lowest interest rate of Yes Bank business loan interest rate for a long time and the interest rate continues to be in the range of 16.25% to 19.99%.

Yes Bank Business Loan Rate Trends of Last 1 Year

Last Updated Date Interest Rates
31 Mar, 2021 16.25%
25 Mar, 2021 16.25%
07 Jan, 2021 16.25%

Yes Bank Business Loan Eligibility Criteria

To avail Yes Bank business loan, you need to fulfill the eligibility criteria as mentioned below:

  • Age : Yes Bank offers business loan to those who are at least 25 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount : Based on the loan amount eligibility, Yes Bank gives you loan amount ranging from ₹ 5 Lakh to ₹ 50 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue : Yes Bank requires profit for minimum 2 years and minimum business turnover of ₹ 1,00,00,000.
  • Business Stability : Yes Bank requires a minimum business track record of 36 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get a loan.
  • ITR and Banking : Yes Bank gives loan only after checking your income tax return and bank statements. The bank requires you to submit your ITR details and bank statements for a minimum of 24 months & 6 months respectively.
  • CIBIL Score : Yes Bank will check your repayment history for all current and past loans and credit cards. The Bank advises you to maintain a score of 750 and above to get loan approval.

Yes Bank Business Loan Fees and Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges : These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Yes Bank allows prepayment of loan after paying 12 EMI’s with prepayment charges - Up to 4%
  • Processing Fee : Yes Bank asks for a processing fee of Up to 2% with applicable service tax

Documents Required for Yes Bank Business Loan

To apply for Yes Bank business loan, you need to submit the following documents:

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Yes Bank Business Loan Eligibility Calculator

You can calculate your eligibility for Yes Bank business loan using an online Yes Bank business loan eligibility calculator. It is an online tool that gives you an estimate about your loan eligibility, amount of loan and the best interest rate offer you can avail. It calculates the business loan eligibility on multiple factors. These factors include age, loan amount, loan tenure and Income etc. to calculate the loan amount eligibility of its borrowers.

How to Apply Yes Bank Business Loan Online at MyLoanCare?

  • In order to get the best offers on a business loan and compare Yes Bank business loans with other banks, you can apply online through MyLoanCare here.  
  • MyLoanCare will give you a detailed comparison of business loan schemes of all banks, calculate your business loan eligibility and connect you to the customer representatives of the  Yes Bank.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

FAQs

Why to take business loan from Yes Bank?

Yes Bank is one of the largest Private Bank sector banks in the country that provides lowest business loans starting at 16.25%. The bank also charges a low processing fee starting from Up to 2%. Along with that, the bank also offers special business loan schemes such as , & etc.

Has Yes Bank reduced the business loan interest rate?

Currently, the lowest business loan rate offered by Yes Bank starts at 16.25%. There has been no change in the lowest interest rate of Yes Bank business loan interest rate for a long time and the interest rate continues to be in the range of 16.25% to 19.99%.

What is the interest charged on Yes Bank business loan?

Yes Bank offers business loans at attractive rates ranging from 16.25% to 19.99%.The bank also provides various customised offers for self employed professionals to get loan at a very low rate of interest.

What is the lowest EMI per lakh on business loan from Yes Bank?

If you apply for loan from Yes Bank, your lowest EMI per lakh will be ₹ 3,528.You can calculate your EMI on business loan for different tenures at min business rate starting at 16.25% using MyLoanCare business loan EMI calculator.

What is the minimum and maximum tenure of business loan in Yes Bank?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum 36 months.

How much business loan amount I can borrow from Yes Bank?

Yes Bank offers you business loan for loan amount ranging from ₹ 5 Lakh to a maximum amount of ₹ 50 Lakh. Loan amount eligibility in Yes Bank further depends upon your income, and repayment capability.

What is the processing fee charged by Yes Bank on business loan?

Yes Bank charges a processing fee Up to 2% with applicable tax.The processing can be negotiated if you are an existing customer or have a good track record.

Is age an eligibility factor to get loan for business from Yes Bank?

Yes, age is an important eligibility factor to get a business loan as you should be at least 25 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from Yes Bank?

Bank charges a prepayment fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by Yes Bank is Up to 4%.

What are the business products offered by Yes Bank?

Yes Bank offers various business products for self-employed professionals and non-professionals. These are listed below:

What is the time period of repayment of business loans in Yes Bank?

Yes Bank provides business loans for a maximum tenure of 36 years. You must repay your loan at the end of this loan tenure to avoid any late payment penalty.

Yes Bank Business Loan Customer Care Toll Free Number
City Customer Care Number
Agra 1800-2000
Ahmedabad 9974390909
Ambala 1800-2000
Anand 9974390909
Aurangabad Bihar 998-729-0909

Yes Bank Business Loan Reviews 5/5  by 2 customers
MyLoanCare Service
5/5.0
Banks Service
5/5.0
Dr mandeep singh shekha, Jaipur
Reviewed on 02nd Mar 2019
5 / 5 stars
Yes Bank Business Loan Availed in Mar 2019

Excellent job and quick response both sides thanks my loan teamRead more...

Anuj Goenka,
Reviewed on 22nd May 2015
5 / 5 stars
Yes Bank Business Loan Availed in Mar-17

Excellent service and competitive ratesRead more...

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Yes Bank Business Loan News - Jul 2021
  • 2021-07-08 : Yes Bank loans, advances shrink marginally at Rs 1.63 lakh cr by end of June quarter
    Yes Bank loans and advances that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Gold Loan, Car Loan and Top-up Loan, fell by a marginal 0.4% to Rs 1.63 lakh crore by the end of June 30, 2021, data from the bank showed on Monday. The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4% on a year-on-year basis.
  • 2021-07-06 : Yes Bank - Loans, advances shrink in Q1 over Covid-19 impact
    Yes Bank loans and advances shrank in the Q1 FY22 on a year-on-year basis and also sequentially, reflecting the economic and business impact of the Coronavirus (Covid-19) pandemic. Sequentially, the loan book that includes Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Two-wheeler Loan, Car Loan, Gold Loan, Doctor Loan, Mudra Loan, etc. contracted by 1.8% to Rs 1,63,914 crore at the end of June 2021 from Rs 1,66,893 crore in the previous quarter ended March 2021.
  • 2021-06-23 : Yes Bank aims to double retail loan book in 3 years
    Yes Bank aims to double their retail loan book that includes personal loan, business loan, home loan, loan against property, top-up loan, professional loan, personal loan, gold loan, car loan, consumer loan and mudra loan in the next three years. Their SME book has already improved to 51% from 44% last year with the target to reach around 60% in the next two years.
  • 2021-03-09 : YES Essence, a holistic banking proposition for women launched
    YES Bank launched YES Essence, a holistic banking proposition for women across different customer segments. YES Essence provides offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment. The banking proposition is aiming to aid women to fulfil their aspirations.
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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