Yes Bank Business Loan Key Features
Yes Bank offers Business Loan starting at an interest rate of 16.25%. The rates vary by loan amount, occupation and type of loan availed.
| 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% |
Interest Rate, Fees, and Charges (Self Emp Non-Professional)
| Rack Interest Rate Range | 13.25% to 19.99% (Fixed Rate) |
| Loan Amount | Max. up to Rs. 50 lakh |
| Processing Fee | Up to 2.50% of the loan amount, min. of Rs. 999 |
| Repayment Tenure | From 12 months to 60 months |
| Collateral | Not required |
| Pre-payment Charges | Nil, Until 6 months |
Interest Rate, Fees, and Charges (Self Employed Professional)
TABLE WILL APPEAR
Advantages of Yes Bank Business Loan 
- To encourage women, increase the number of women entrepreneurs and bring out the best from organizations such as the women Self Help Groups, the government has come up with various schemes that are aimed at helping women better their business.
- The business loan rate in Yes Bank depends upon the loan amount you apply for. The higher the loan amount, the lesser will be the interest rate. Bank gives loans of minimum ₹ 5 Lakh to up to ₹ 50 Lakh. The interest rate for high loan amounts can be lower resulting in lower EMIs.
- Yes Bank will offer you a loan at a lower interest rate if you have higher monthly revenue. Bank gives loans to borrowers whose annual turnover is at least ₹ 1,00,00,000.
- Yes Bank offers loans at lower rates if you have significant business experience. Minimum business existence to get loan from Yes Bank is 36 months
Eligibility Criteria of Yes Bank Business Loan
Banks has 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 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
Business Loan EMI Calculator for Yes Bank
Get monthly EMI as low as Rs. 3,528 per lakh on Yes Bank business loan. Business loan EMI in Yes Bank depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.
| Loan Amount | 1 Year Loan | 2 Year Loan | 3 Year Loan |
|---|---|---|---|
| ₹ 1 Lakh | ₹ 9,085 | ₹ 4,908 | ₹ 3,528 |
| ₹ 5 Lakh | ₹ 45,425 | ₹ 24,541 | ₹ 17,640 |
| ₹ 10 Lakh | ₹ 90,849 | ₹ 49,083 | ₹ 35,281 |
Compare with Business Loan from other Banks
| Bank |
HDFC Bank
|
Yes Bank
|
|---|---|---|
| Interest Rate | 15.65% – 21.35% | 16.25% |
| Processing Fees | Starting from 0.99%, Max 2.50% | 2% |
| Loan Amount | ₹ 50,000 to ₹ 50 Lakh | Min ₹ 5 Lakh and Max ₹ 50 Lakh |
| Loan Tenure | 12 to 48 Months | From 12 months to 36 months |
| Lowest EMI Per Lakh | ₹ 2,816 per lakh | ₹ 3,528 |
| Part Payment Charges | Not Allowed | Not Allowed |
| Foreclosure Charges | Allowed after 12 months at 2 – 4% | 4% charges |
| Borrower’s Age | 21 to 65 Years | 25 to 65 Years |
| Minimum Years in Business Required | 36 Months | 36 Months |
| Minimum Turnover Required | ₹ 1 Cr | ₹ 1 cr |
Video: How to apply for Yes Bank Business Loan
VIDEO WILL APPEAR
Purpose of Business Loan from Yes Bank
1. Expanding Operations
Buying land or leasing a property to expand business operations when you feel that your business has grown large enough and scaling up at this moment is an opportunity that you do not wish to forgo, a business based on its growth projections can go for expanding operations more than once.
2. Purchase Equipment
Technology has become a key driver in the information age of business, and since technology comes with a pre-set expiry date, there is always a demand to purchase or upgrade existing equipment and technology. Buying/leasing/replacing new equipment that will help improve the production or operations of the organization, alternatively the equipment can also be leased, it is best to conduct a cost-profit analysis to determine whether to buy or lease. The advantage of buying equipment is that depreciation can be claimed each year apart from the first-year tax exemptions.
3. Purchase of inventory
Most often small businesses would require immediate capital for the purchase of inventory stock or raw material. There may arise a situation where the demand for your product may be very high in the market. Businesses may not have the funds to get the raw materials to meet the rise in demand. This problem can be solved when individuals and entrepreneurs take loans to buy the inventory needed for production.
4. To increase working capital
Many times, small businesses and entrepreneurs may not have enough working capitals to run their day-to-day activities. They will take short term loans to their own assets to earn enough revenues to meet their operational needs.
5. Improve credit history
If a business is looking to get a larger loan it is necessary for the company to have a good credit history. To make sure of this the individual or proprietors get short-term loans and pay them on time to improve their credit history. Consistent repayment of borrowings will lead to positive credit history.
EMIs of Several Banks and NBFCs for Different Tenures
Business loan EMI for ₹ 10 Lakh loan amount at lowest 16.25% interest rate offered by Yes Bank for different tenures
| 1 Year | 2 Year | 3 Year | |
|---|---|---|---|
| Yes Bank EMI for a loan amount of ₹ 10 Lakh at 16.25% | ₹ 90,849 | ₹ 49,083 | ₹ 35,281 |
| The total amount you pay back to the bank including principal and interest | ₹ 11,72,673 | ₹ 13,75,163 | ₹ 16,12,616 |
| The interest you have to pay over loan tenure | ₹ 1,72,673 | ₹ 3,75,163 | ₹ 6,12,616 |
Other Loan Products from Yes Bank
TABLE WILL APPEAR
Why should you apply for Yes Bank Business Loan at Dialabank
- This is the best platform to apply and get all help and assistance to avail of these loans, which is for free.
- It provides the best service in the country by evaluating the bank’s services, not by its reputation.
- Dialabank’s assistance advantage is that it provides the least rate of interest on business loans in the market.
- This service also provides documentation at the doorsteps. That means no bank visits.
- Dialabank also assists with the least paperwork.
- Dialabank has earned a reputation from the customers by helping them. The bank loans are provided directly from the banks, so there is no risk involved in the fraud.
- Know more about Dialabank by visiting us online or by calling on 9878981166.
How to calculate EMI for Yes Bank Business Loans?
| Loan Amount | Rate of Interest | Tenure | EMI | Total Interest Amount | Total Repayment Amount (Principal +Interest) |
|---|---|---|---|---|---|
| Rs. 1,50,00,000 | 13% p.a – 18% p.a | 1 year | Rs. 13,39,759 – Rs. 13,75,200 | Rs. 10,77,110 – Rs. 15,02,399 | Rs. 1,60,77,110 – Rs. 1,65,02,399 |
| Rs. 1,50,00,000 | 13% p.a – 18% p.a | 2 years | Rs. 7,13,127 – Rs. 7,48,862 | Rs. 21,15,056 – Rs. 29,72,677 | Rs. 1,71,15,056 – Rs. 1,79,72,677 |
| Rs. 1,50,00,000 | 13% p.a – 18% p.a | 3 years | Rs. 5,05,409 – Rs. 5,42,286 | Rs. 31,94,734 – Rs. 45,22,294 | Rs. 1,81,94,734 – Rs. 1,95,22,294 |
Benefits of Yes Bank Business Loans
Fewer Formalities:- There is less paperwork included in the business loan applied from Kotak Mahindra Bank. Even if you are unable to commute to the bank the representative will come to your doorstep for completing the formalities.
Online Service:- Kotak Mahindra Bank also provides online services to its customers. They can see the status of their loans online. The online portal will show you the pending amount, amount of interest, and other details related to the business loan.
Low Processing Fee:- The processing fee charged by Kotak Mahindra Bank is also low. You just have to pay the processing fee of 2% on the loan amount. It is a low fee compared to other financial institutions.
Yes Bank Business Loan Processing Time
Banks get on their decision of proving loans to applicants within 30 days of submitting a loan application. But some banks give instant loan offers, which can be approved within a few hours to 2-3 days.
Yes Bank Business Loan Preclosure
Business Loan Preclosure charges are 4% of the disbursed limit.
Pre Calculated EMI Table for Yes Bank Business Loan
Get monthly EMI as low as Rs. 3,528 per lakh on Yes Bank business loan. Business loan EMI in Yes Bank depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.
| Loan Amount | 1 Year Loan | 2 Year Loan | 3 Year Loan |
|---|---|---|---|
| ₹ 1 Lakh | ₹ 9,085 | ₹ 4,908 | ₹ 3,528 |
| ₹ 5 Lakh | ₹ 45,425 | ₹ 24,541 | ₹ 17,640 |
| ₹ 10 Lakh | ₹ 90,849 | ₹ 49,083 | ₹ 35,281 |
How to Apply for Yes Bank Business Loan Online?
- Visit Dialabank
- Go to the loan section and click on the Yes Bank business loan link.
- The applicant will be directed to all details of the business Loan where they can choose their preferred bank.
- For more information and free guidance, you may call on 9878981166.
- Fill a user-friendly online application form for Yes Bank Business Loan.
Yes Bank Business Loan Status
You can find the loan status by Calling +919878981166 or by visiting the Main Yes Bank Site.
Dialabank Yes Bank Business Loan Customer Care Number
Dialabank is the leading agent for availing Yes Bank Business Loan. You can apply online at Dialabank or give a call at +919878981166
Dialabank helps you to find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice.
FAQs
✅Why take a business loan from Yes Bank?
Bank offers loans at a 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 a balance transfer and relocate your loan to Yes Bank.
✅What is the interest charged on Yes Bank business loan?
Interest rates on Business loans in Yes Bank are very attractive starting from 16.25% to 19.99%. Banks offer various offers for self-employed professionals to get loans at a very low rate of interest.
✅What is the lowest EMI per lakh on business loans from Yes Bank?
If you apply for a loan from Yes Bank, your lowest EMI per lakh will be ₹ 1,358.
✅What are the minimum and maximum tenure of a business loan in Yes Bank?
These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum of 12 months to maximum echo 36 months.
✅How much business loan amount I can borrow from Yes Bank?
Yes Bank offers you a 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 a business loan?
Yes Bank charges a processing fee of Up to 2% with applicable tax
