While applying for a YES Bank Business Loan there are a few steps that you need to take. They are given below:  

1. Visit the nearest bank of Yes Bank to fill and submit the business loan application form
2. Then bank will ask you to submit a few important documents KYC, Financial.
3. YES Bank will initiate the processing of the business loan which includes legal and technical verification 
4. This bank will then sanction a letter, which will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. A request will then be raised by YES Bank for business loan disbursement, after which they will issue a cheque 

A few documents that you will need to submit while applying for a YES Bank Business Loan. They are given in the table below:

Usually, YES Bank provides you with a business loan that possesses attractive competitive minimum interest rates. Besides, this banking institution also offers you flexible repayment options.

Once you complete the Yes Bank Business Loan form online and submit all the required documents, typically it will take the bank about a maximum of twenty three working days to sanction your business loan.

A minimum CIBIL score of 750 or more is needed to secure a YES Bank Business Loan.

As per the policy of YES Bank the minimum and maximum business loan amount sanctioned is as per applicant’s credit profile.

You do not need to have a co-applicant while applying for a YES Bank Business Loan. However, possessing one assures your lender that you are truly ‘Creditworthy’. Thereby, improving your chances of securing a business loan significantly.

In case of Business Loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.

In case you have ITR documents for three financial years, it significantly helps increase your chances of obtaining a YES Bank Business Loan. However, it is possible for you to get a business loan even if you do not have three-year ITR returns.
It is only possible though if you are seeking a small loan and you have a good CIBIL score to prove to your lender your ‘Creditworthiness’.

After applying for a YES Bank business loan, submitting all the necessary documents, and receiving a sanction letter, it should take YES Bank about 2 – 3 Working Days to disburse the business loan.

A few details important facts about YES Bank Business Loan that you need to know given below:  They are as follows: 

1. Types of YES Bank Business Loan:

   A few major types of YES Bank Business Loan available. They are given below: 

   1. YES Bank Retail Business Loan:

      It is a YES Bank business loan scheme that you get finance for business expansion and activities such as purchase of machinery. 

   2. YES Bank Healthcare Finance Loan:

      This is a YES Bank business loan scheme that helps provide customized financial solutions for businesses. 

   3. YES Bank Commercial Vehicle Loan: 

      This is a specialized business loan package provided by YES Bank to fund the purchase of new and used commercial vehicles.  

   4. YES Bank Commercial Equipment Loan:

      This is  a specialized and customized business loans provided to fund requirements related to all types of new/used construction. 

   5. YES Bank Business Equipment Loan:

       Also, YES Bank presents this business loan package that funds the buying of industrial equipment,  printing, and packaging segments etc. 

   6. YES Bank Scorecard Based Lending:

      This YES Bank business loan is designed to finance requirements of businesses engaged in trading and manufacturing services. 

   7. YES Bank Smart Overdraft:

      It is to provide working capital to MSME’s that YES Bank provides this business loan scheme.