Yes Bank Business Loan – Interest Rate & EMI Calculator- 2017

Business Loan

Yes Bank is one of the largest private sector banks. It acts as the benefactor to the business entities in need of monetary assets for expansion of business. The loan is available for the amount ranging from Rs. 2 lakhs up to 4 crores. The processing fee is charged accordingly. The loans issued by the bank are pledged against security. The disbursal of loan depends on the credibility of the borrower and so does the tenure. The borrowers with good credit history and sustainable financial position are allowed to take higher loan amount. However, the disbursal amount also depends on the scheme the customer is opting for.

Yes Bank Business Loan Details

Particulars Details
Rate of InterestCustomised
Loan AmountRs. 2,00,000 – Rs. 4,00,00,000
TenureAs per bank policy
Type Of LoanSecured

Yes Bank Business Loan EMI Calculator

EMI stands for Equated Monthly Installment. It is the total amount payable every month until the loan has been fully repaid. EMI consists of a principal amount and interest on the loan. This amount can be calculated using the EMI calculator. It is a type of calculator which helps you calculate your monthly installments for repayment of your loan.

For example – If I avail a business loan of Rs. 1,50,00,000 to enhance the business productivity for the period of 3 years at the rate of interest ranging between 13% p.a – 18% p.a then my EMI will vary from Rs. 5,05,409 – Rs. 5,42,286 .

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Table Showing EMI, Total Interest Amount and Total Repayment Amount

Loan Amount Rate of InterestTenureEMI Total Interest Amount Total Repayment Amount (Principal +Interest)
Rs. 1,50,00,00013% p.a – 18% p.a1 yearRs. 13,39,759 - Rs. 13,75,200Rs. 10,77,110 - Rs. 15,02,399Rs. 1,60,77,110 - Rs. 1,65,02,399
Rs. 1,50,00,00013% p.a – 18% p.a2 yearsRs. 7,13,127 - Rs. 7,48,862Rs. 21,15,056 - Rs. 29,72,677Rs. 1,71,15,056 - Rs. 1,79,72,677
Rs. 1,50,00,00013% p.a – 18% p.a3 yearsRs. 5,05,409 - Rs. 5,42,286Rs. 31,94,734 - Rs. 45,22,294Rs. 1,81,94,734 - Rs. 1,95,22,294

Amortization Table

Year PrincipalInterestBalance Amount
1 Rs. 2,114,771 - Rs. 1,934,640
Rs. 1,049,365 - Rs. 1,596,312Rs. 5,385,229 - Rs. 5,565,360
2Rs. 2,479,085 - Rs. 2,453,592Rs. 685,051 - Rs. 1,077,360Rs. 2,906,144 - Rs. 3,111,768
3Rs. 2,909,613 - Rs. 3,117,538Rs. 257,979 - Rs. 419,203Rs. 0

Yes Bank Business Loan Eligibility Criteria:

All SME units engaged in manufacturing, trading and services are eligible to apply for a loan. The following business units are not covered under any of the loan schemes :

  i)  Units funding real estate project or investing in real estate

 ii)  Capital market businesses or any business of speculative nature

iii)  Seasonal business/ liquor trade/ tobacco trade

iv)  Business under negative list as per Yes Bank credit policy

Yes Bank Business Loan Schemes

Bank offers multiple business loan schemes to choose from :

1. Yes Sambhav Business Loan

This scheme is devised to provide funds to the small and medium sized enterprises engaged in manufacturing and trading. Professionals like doctors, engineers, chartered accountants and architects too can avail the loan under this scheme.

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Features

  • Loan available for the minimum amount of Rs. 20,00,000 up to the maximum amount of Rs. 1,00,00,000
  • Loan available against residential/ commercial/ NA plot/ SLBC/ BG/ FD/ Surrender Value of LIC

2. Yes Samriddhi Business Loan

Yes Samriddhi scheme is designed to accomplish the requirements of  manufacturing and trading businesses and also the service providers. However, the service is provided to limited businesses, excluding real estates, capital market businesses, business under negative list and seasonal businesses. Liquor and tobacco trade businesses are also excluded.

Features

  • Loan sanctioned up to Rs. 4,00,00,000
  • Flexible collaterals are required
  • The amount of loan sanctioned depends on the annual turnover

3. Yes Suyog Business Loan

The beneficiaries of this scheme are the new Yes Bank customers. The business units engaged in manufacturing, trading and services can avail the benefit of this scheme.

Features

  • Maximum loan amount credited is Rs. 2,00,00,000
  • Preferential pricing for candidates with good CIBIL score
  • Loan available to firms having the annual turnover of Rs. 25 crores or less.

Yes Bank Business Loan Application Form

The MSME application form is to be filled and submitted to avail the business loan. The form comprises of the following categories that are to be filled necessarily :

  • Name of the entity
  • Registered address of the entity
  • Constitution (Sole proprietorship, private ltd., Ltd company., partnership firm)
  • Date of establishment
  • Name of proprietors/ partners
  • Nature of Business
  • Credit Facilities both existing and requested)
  • Details of collateral and security

Documentation Required :

The following documents are required at the time of application

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  • Completely Filled MSME Application Form
  • Last 3 year Financial Statement including latest 2 years Audited Statements along with all schedules
  • Financial Projection for 2 years
  • ITR Returns along with computation of Income at least for last 2 years of the Applicant/Co-Applicant/Guarantor
  • Sales Tax/ VAT Returns for Current Financial Year
  • Statement of Accounts for Last 6 months-for all CC/OD/Current Account
  • Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement
  • Proof of Vintage eg. Shop establishment , Pollution license, etc
  • KYC documents of Applicant/Co-Applicant/Promoters/Guarantor
  • Property Documents offered as Security
  • Self Certified/CA certified Net worth statement of the Applicant/Co-Applicant/Promoters/Guarantor
  • Sanction letter of the all Major existing working capital facilities availed by the firm
  • Key group company's latest Audited Financials, along with details of Bank borrowings if any
  • Order in Hand and Important Agreement if any

Yes Bank Business Loan Interest Rate

The business loan interest rate depends on the variety of factors such as the amount of loan, tenor and nature of business. The rate applicable is decided by the bank once the customer has applied for the loan.

Factors Affecting Business Loan Eligibility

  • Loan Repayment track
  • Credit Performance / Credit Bureau Update
  • Debt servicing ability of the customer
  • Business Vintage
  • Financial Ratios
  • Existing relationship