Yes Bank Business Loan Introduction:

Yes Bank Business Loan has emerged as the most talked about finance option available for every businessman.

Self Employed Individuals

Manufacturers

Traders

Private Or Public Limited Companies

Proprietorship Firm

Yes Bank Business Loan or the other name is  ‘Unsecured personal and Small Business Loans (PSBL)’. Yes Bank Business Loan Review shows that the competitive Yes Bank Business Loan Interest rate is the reason for many businesses opting for Yes Bank Business Loan.

Yes Bank Business Loan Interest Rate:

Yes Bank Business Loan rate is subject to change, please visit your nearest branch for more details.

Yes Bank Business Loan Eligibility:

Yes Bank Business Loan review shows that Yes Bank Business Loan eligibility criteria are:

• ·Salaried Individuals within the age group of 25 to 58 years old with minimum net income of Rs. 3, 00,000 per annum and experience of 3 to 5 years can apply for Yes Bank Business Loan Rate.
• ·Manufacturers, Traders or Distributors in business for at least 5 years are eligible for Yes Bank Business Loan Interest Rate.
• ·Private or Public Limited Companies
• ·Partnership and Proprietorship firms.
• ·Business Unit should be profitable for at least last 2 years to apply for Yes Bank Business Loan Rate .

Yes Bank Business Loan eligibility makes it easy for most businesses to apply for Yes Bank Business Loan and avail the benefit of Yes Bank Business Loans.

Applicants who are able to meet Yes Bank Business Loan eligibility criteria are eligible to a Yes Bank Business Loan to a maximum of Rs. 30 lacs and Rs. 20 lacs for Salaried Individuals.

Yes Bank Business Loan documentation process is easy and the common documents required are:

Proof of identity

Proof of address

Filled Application Form

Two Photographs

Yes Bank Business Loan Review shows that additional documents are

Income Tax Return or Proof Of Income

Bank Statements

Profit and Loss Account & Balance Sheet(in case of companies)

In case of Salaried Individual and Small Businesses are specific and details are available on the bank website.

Yes Bank Business Loan Review shows that Yes Bank Business Loan can be availed for maximum loan tenure of 12-36 months that can be repaid in easy equated monthly installments. Yes Bank Business Loan Review shows that prepayment of loan is possible only after repayment of 6 EMI’S and charges are 5% of principal outstanding. 2% per month for outstanding amount from date of default is charged in case of late payment.

Yes Bank Business Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Yes Bank Business Loan eligibility and Yes Bank Business Loan Interest Rate etc. are on the official site at http://www.yesbank.in/