YES Bank is one of the leading private banks in India. YES Bank is primarily famous for providing attractive interest rates and immense banking services to its customers. However, they do have to maintain the minimum balance requirement to attain these benefits. The Bank offers many other things apart from a regular savings account. YES Bank offers business loans to the self-employed people to provide them financial support for starting their new venture at attractive interest rates. Check Yes Bank Business Loan Schemes, Documents and Benefits below.
YES Bank Retail Business Loan:
The business loan from the YES Bank is an unsecured credit facility, and it is primarily given to the self-employed people, sole partnerships, and some limited companies who have a strong credit history. This is not limited. Therefore, unprofessional people or jobs like the doctor, medical workers, etc. can also apply for the YES Bank business loan.
This loan can also be sanctioned to the businesses that need funds for purchasing machinery and raw material.
The maximum loan amount that a business can borrow is up to Rs 50 lac, and the loan tenure can be maximum for up to 60 months along with the flexible interest rate of 10-15%.
This could be different for the small ventures who had applied for a business loan from the YES bank.
YES Bank Agri and food loans
To support the MSME in rural sectors. The YES Bank is also processing the sum of a business loan to the Agri and Food sectors. Wherever a lot of investment is required.
The maximum loan amount can be up to Rs 2 crore to this sector from the YES Bank.
How to apply for the business loan from YES Bank?
There can be two methods for the application of Business Loan from the YES Bank.
You can apply for the business loan either by visiting a branch or online.
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- It would be best if you visited the nearest YES Bank branch or wherever you are operating your current bank account.
- In the branch, you need to ask for the application letter for the business loan.
- Have a conversation with the manager and go throughout the process for verification.
- Post verification, the sum amount of approved money will automatically be credited to the business account.
- You need to visit the official website of the YES bank.
- Fill all the required information on the business loan page.
- Soon one of their loan executives will call you for the rest process.
- That’s it.
YES Bank is one of the leading banks in India. This Bank is currently handling thousands of customers. It has almost 1000+ branches and over more than 1800+ ATM across PAN India. That is the reason. It is now one of the best banks for opening a private savings account in India. Apart from the regular savings account, you can also apply for the business loan from the YES bank. In this article, I have added all the information regarding the business loan. You can check it out and comment if we missed anything.