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Yes Bank Business Loan Interest Rate Jul 2020

Yes Bank Business Loan Interest Rates India

Last Updated 07th Jul 2020

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 Prepayment, Charges Allowed after 12 EMI's, 2% charges
Early Foreclosure, Charges Allowed after 12 EMI's, Up to 4%

Yes Bank Business Loan

Yes Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from Yes Bank:

  • You can prepay part of your loan anytime after paying 1 % prepayment charges
  • You can foreclose your entire Business loan anytime after paying 12 EMI's at foreclosure charges - Up to 4%
  • Yes Bank has over 1,491 branches in India where you can avail service

Yes Bank Business Loan Interest Rate Calculator

There are multiple factors on which basis 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 amount can be lower resulting in lower EMIs.
  • CIBIL Score: Yes Bank offers loan at higher interest rate if your CIBIL score is low or vice versa. However, to get loan from Yes Bank, your CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.
  • Revenue: Yes Bank will offer you loan at 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 loan at lower rates if you have significant business experience. Minimum business existence to get loan from Yes Bank is 36 months.

Yes Bank Business Loan Eligibility Criteria

Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

Eligibility Criteria Description
Age: 25 to 65 years
Minimum Turnover ₹ 1,00,00,000
Business Existence (in months) 36 months
ITR (months) 24 months
Loan Amount ₹ 5 Lakh to ₹ 50 Lakh
Loan Tenure 36 months
Owned House or Place of Work Required
CIBIL Score 750 and above

Yes Bank Business Loan Eligibility Calculator

Eligibility of Business loan in Yes Bank relies on two important factor:

1.Your ability to repay the loan and
2.Your past track record in repayment of loans.

The main factors on which the eligibility of an applicant depends are

  • Age: Age plays an important role to know your eligibility and repayment capacity. Yes Bank offers 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, bank gives you loan 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: Loan eligibility significantly depends upon profitability on your turnover, revenue and profitability. Yes Bank requires profit for minimum 2 years and minimum business turnover of ₹ 1,00,00,000.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. Yes Bank requires 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 loan.
  • ITR and Banking: Bank gives loan only after checking your income tax return and bank statements. Your ITR details for minimum 24 months and bank statement for minimum 6 months will be required by Yes Bank.
  • CIBIL Score: When checking loan eligibility, Yes Bank will look at the complete CIBIL report. Yes Bank will check your repayment history for all current and past loans and credit cards. Bank advise you to maintain a score of 750 and above to get loan approval.

Yes Bank Business Loan EMI Calculator

Yes Bank Business Loan EMI is a fixed amount that you pay each month towards the repayment of your loan till the end of tenure. Lowest EMI offered by Yes Bank is ₹ 0.01 Lakh per lakh loan amount. EMI of Yes Bank depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 36 months loan from Yes Bank at an interest rate of 16.25% per annum, EMI will be ₹ 0.01 Lakh per Rs. one lakh loan amount. At an interest rate of 19.99% for the same loan, the EMI will be ₹ 0.02 Lakh.
  • Loan tenure: Longer the loan tenure, lesser your smonthly EMI. At interest rate of 16.25% per annum, the EMI on Yes Bank business loan would range from ₹ 0.02 Lakh to ₹ 0.01 Lakh for loan tenure ranging from 12 to 36 months.
  • Amount Borrowed: Yes Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed ₹ 5 Lakh, the EMI at 16.25% for 36 months would be ₹ 0.07 Lakh. Similarly for amount borrowed ₹ 50 Lakh, the EMI at 16.25% for 36 months would be ₹ 0.01 Cr.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of Yes Bank helps you to calculate your monthly EMI at different rate of interest
  • Yes Bank EMI calculator helps you to know your capacity to repay the loan after meeting your regular monthly expenses
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Business Loan Products

Yes Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Other 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

  • 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

FAQs

Why to take business loan from Yes Bank?

Bank offers loan at 16.25% rate with the lowest EMI of ₹ 1,358 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to Yes Bank.

What is the interest charged on Yes Bank business loan?

Interest rates on Business loan in Yes Bank are very attractive starting from 16.25% to 19.99%. Bank offer various offer for self employed professionals to get loan at 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 ₹ 1,358.

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 echo 36 months.

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

Yes Bank offers you loan if you need a minimum amount of ₹ 5 Lakh to a maximum amount of ₹ 50 Lakh.

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

Yes Bank charges a processing fee of Up to 2% with applicable tax.

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

Yes, age is an important eligibility factor to get 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 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%.

Yes Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1800-2000
Ahmedabad 9974390909
Ambala 1800-2000
Anand 9974390909
Aurangabad Bihar 998-729-0909
Bangalore 900-839-0909
Bhilai 1800-2000
Bhilwara 1800-2000
Bhiwadi 998-729-0909
Bhopal 1800-2000
Bhubaneswar Cuttack 1800-2000
Bikaner 1800-2000
Chandigarh 1800-2000
Chennai 1800-2000
Cochin 1800-2000
Coimbatore 1800-2000
Dehradun 1800-2000
Delhi 995-839-0909
Durg 1800-2000
Faridabad 995-839-0909
Gandhinagar 9974390909
Ghaziabad 995-839-0909
Goa 1800-2000
Greater Noida 995-839-0909
Gurgaon 995-839-0909
Guwahati 1800-2000
Gwalior 1800-2000
Hyderabad 1800-2000
Indore 1800-2000
Jabalpur 1800-2000
Jaipur 1800-2000
Jalandhar 1800-2000
Jodhpur 1800-2000
Kanpur 1800-2000
Karnal 1800-2000
Kolhapur 998-729-0909
Kolkata 974-849-0909
Kota 1800-2000
Kozhikode 1800-2000
Lucknow 1800-2000
Ludhiana 1800-2000
Madurai 1800-2000
Meerut 1800-2000
Mehsana 9974390909
Mohali Sas Nagar 1800-2000
Mumbai 998-729-0909
Mussoorie 1800-2000
Nagpur 998-729-0909
Nashik 998-729-0909
Noida 995-839-0909
Noida Extn 995-839-0909
Panipat 1800-2000
Patna 1800-2000
Pondicherry 1800-2000
Pune 998-729-0909
Raipur 1800-2000
Rajkot 9974390909
Ranchi 1800-2000
Rohtak 1800-2000
Roorkee 1800-2000
Salem 1800-2000
Shimla 1800-2000
Sonipat 1800-2000
Surat 9974390909
Trichy 1800-2000
Udaipur 1800-2000
Vadodara 9974390909
Varanasi 1800-2000
Vijaywada 1800-2000
Vizag 1800-2000

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...

Yes Bank Business Loan News - Jul 2020
  • 2019-07-26 : Yes Bank to offer MSMEs loans of up to Rs. 3 crore loan through a unique lending program
    Yes Bank has announced the launch of a unique lending program, Smart Edge’ to offer assistance to MSMEs. Under the arrangement, MSMEs can avail secured working capital from Rs. 1 crore to Rs. 3 crores in the form of Overdraft (OD).Interestingly, no financial statements and credit score is required to avail a loan. The lenders will evaluate the eligibility based on GST returns and operative bank accounts.
  • 2019-06-27 : Yes Bank announces the launch of Click OD facility for existing MSME customers
    Private sector lender, Yes Bank has announced the launch of a Click OD (Over Draft) facility for its existing MSME customers. With the launch of its new product, the lender is aiming to address the financial needs of the MSMEs without the hassles of documentation. Under this facility, MSMEs can avail OD of up to Rs. 10 lakh digitally. Also, the bank is targeting a disbursement of Rs. 100 crore during FY 2019-20 through the YES MSME portal.
  • 2019-04-05 : Yes Bank plans $500 million share sale to boost loans
    Private sector lender, Yes Bank is planning to raise about $500 million through an institutional share sale. A share sale would help the lender to improve its capital ratios and lending capacity to bolster loan growth including home loans, gold loans and personal loans.
  • 2018-12-24 : Yes Bank expects retail book at 17.5% of total advances in FY 19
    Yes Bank is planning adequately capitalised to achieve a retail book size of 17.5% of total advances for this fiscal year against a current retail book size of around Rs. 33,000 crores. The bank is also looking for growth opportunities in the retail lending space, especially segments such as consumption, commercial and mortgages and loans.
  • 2018-12-19 : YES Bank to give loans to MSMEs based on their GST returns, bank statements
    Private sector lender, YES Bank, which is working closely with micro, small and medium enterprises for their banking requirements, has launched loan products that use their bank statements and Goods and Services Tax (GST) returns for ascertaining their creditworthiness. For this, the bank has also tied up with a company, fin-tech Karza which extracts information on a real-time basis from GSTN, which can be used along with KYC to check all the relevant information before lending to MSMEs.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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