Business Loan

Business loans are unsecured finance to “self-employed” customers who want to avail collateral free funding for their business requirement. Whether it is for working capital, business expansion or purchase of machinery etc, an online business loan can be your solution. Fuel your business ambitions now with minimal paperwork, easy application processing and instant loan approval.

Features & Benefits of Business Loan

• Flexible Loan Tenure
• Balance Transfer
• Business Loan in Seconds
• No Collateral & Guarantor
• Higher Loan Amount

Business Loan Eligibility

Request a call back or visit your nearest branch to apply for Business loan.

Business Loan Interest Rate and Charges

The interest rate of a business loan and associated charges impact affordability and profitability, influencing borrowing decisions and financial planning. Thus, understanding business loan charges is crucial.

Minimum Documents Required For Business Loan

Business Loan Documentation -

• Application Form – duly filled by Applicant and Co-applicant

•  PAN card of both applicant and co-applicant 

•  KYC: Aadhaar Card /Passport /Voter's ID Card/ Driving License

•  Proof of continuation of Business - ITR/Trade license/Establishment/Sales Tax Certificate

•  Ownership Proof - Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate etc. 

• Applicant Constitution Document –

  a) Partnership Firm: Self Attested Partnership Deed, KYC of authorized partner (s), Firm's PAN Card

  b) Company – AOA & MOA, KYC of authorized signatory, Company's PAN Card

  c) Trust (Schools and Hospitals): Trust Deed, Resolution signed by all the trustees for borrowing and creating charge

  d) Public Trust (Schools only): Trust Deed, Resolution signed by all the trustees for borrowing and creating charge. Application for availing permission Charity Commissioner is required.

  e) MSME - Udyam registration certificate

• Other Important Documents - Beneficial Ownership Declaration, Shareholding patterns & KYC of all Beneficial Owners, LEI Certificate

• As per Surrogate / Program –

  Cash Profit Program -

  a) Latest ITR along with computation of income

  b) Balance Sheet

  c) Profit & Loss account for the previous 2 years

  d) Bank statement of the previous 12 months

  GST Program –

  a) Last 12 Month GSTR3B returns or Last 12 Month GSTR1 returns along with challan copies

  b) Latest GST filing should not be more than 3 months old

  Banking Program –

  a) Last 12 months Bank Statement

Additional document requirement will vary basis credit evaluation

How to Apply for a Business Loan

Step 1: Click on "request call back" option, use the Yes Robot, or simply visit the nearest branch to apply for a business loan

Step 2: Existing Yes Bank customers can get an online business loan by using the apply online option

Step 3: Once you apply for a business loan online, set up an appointment with the relationship manager to explore loan options, address queries, and complete documentation.