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Banks are the first-place borrowers visit when seeking a business loan. As per the Reserve Bank of India, there are 21 private banks in India. YES Bank is one of the most popular private sector banks – and with YES MSME by YES Bank it makes it convenient for small businesses to borrow funds for growth and expansion. In this article, we will learn about YES Bank MSME loan, how to login, YES Bank msme online application, loan interest rates, eligibility and more.
MSME loans and business loans are different in that business loans are offered to business of all sizes. MSME loans on the other hand are designed keeping the unique needs of MSMEs and limitations (e.g., lack of collateral). Apart from private loans, there are government MSME loan schemes designed for the sector, each with its unique offerings and eligibility criteria.
YES Bank Msme loan interest rate and type as such varies to meet diverse business needs.
YES Bank Msme – What’s it?
YES MSME solution is a part of YES Bank’s digital banking suite. The idea is to provide small businesses a single digital platform to manage their business finance.
The platform addresses multiple banking needs that MSMEs have making banking convenient, online and quick. One can use the platform to:
- Pay bills
- Get a unified view
- Get account statements
- Pay GST and more
To learn more about the platform and the YES MSME mobile application, visit their website: yesbank.in/business-banking/yes-gst/voice-of-msme
You can also download the YES MSME mobile app from Google Playstore or Apple Store for more details. For details on digital banking solutions, visit YES MSME page: yesbank.in/digital-banking/yes-msme-mobile
YES Bank Msme loan – An overview
YES Bank msme login (YES MSME Online): //yesmsmeonline.yesbank.in/homepage#!/login
YES Bank MSME loans (Business Banking): //www.yesbank.in/business-banking/msme-loans
*Interested readers/borrowers are requested to visit the YES Bank official website for the latest information and updates.
Business loans are an essential part of every emerging business. Businesses need funds for multiple activities – meeting cash crush, working capital challenges, daily operational expenses, buying machinery and inventory, purchasing vehicles for commercial transportation etc. In short, funds are a necessity for every business.
And when it comes to MSMEs this is a never-ending challenge. The difficulty in securing a business loan is more when MSMEs do not have collateral to offer as security.
To address these challenges, most banks in India offer collateral-free loans (or unsecured business loans). In the next few sections, we will look into MSME loans from YES Bank.
Types of YES MSME loans – Eligibility, documents required, features
As mentioned earlier, MSMEs required business loans for multiple purposes. Most banks as such offer different types of business loans to cater to different needs. Listed below are the Msme YES Bank loans that are offered:
Score based working capital lending
The score-based or scorecard based WC lending, is a form of business loans for traders, manufacturers and services sector.
| Max. loan amount offered | ₹5 crore |
| Range of fund facilities | Cash credit, overdraft (OD), dropline overdraft, working capital demand loan, term loan etc. |
| Eligibility | For businesses engaged in trading, manufacturing and services sector |
| Benefits | · Credit limit assessment based on turnover
· Collateral requirements flexibility based on score generated through banking and financial details · Internet banking, access from anywhere at no additional charges |
| Documents required | · Duly filled in MSME application form
· KYC documents of applicant · Any property documents being pledged as collateral security · Financial statements of previous 3 years · 6 months statement of accounts · ITR filings (+ applicant’s ITR of previous 2 years) · 2 years financial projection · Proof of business vintage |
*Information for reference only. Readers are requested to visit the bank website for the latest info.
For more information on the scorecard based loans and the latest loan application requirements, visit: yesbank.in/business-banking/loans/scorecard-based-lending
GST + Banking based Working Capital Lending (SmartEdge)
A kind of GST business loans, this category of YES Bank Msme loans are offered to businesses on the basis of their GST returns and bank statements to help solve their working capital needs.
| Loan amount offered | ₹1 – ₹3 crore |
| Range of fund facilities | Fund and non-fund based credit limit |
| Eligibility | For businesses engaged in manufacturing, services sector or trading |
| Benefits | · Loan assessment based on GST and bank financial statements
· Flexibility in collateral requirements based on financial score · Option to bank from anywhere, anytime |
| Documents required | · Duly filled in MSME application form
· KYC documents of applicant · Constitutional documents · 12 months bank account statement (operating bank) · ITR filings (+ individual applicant’s ITR of previous 2 years) · GST returns for current financial year · Repayment track statement |
*Information for reference only. Readers are requested to visit the bank website for the latest info.
For more information on the YES Bank GST loan type and the latest updates, check their official page: yesbank.in/business-banking/loans/smart-edge
Banking based Working Capital Lending (Smart Overdraft)
YES Bank’s Smart Overdraft provides you with a working capital limit, to meet daily operational needs without balance sheets or GST returns. The overdraft facility is available to MSME businesses and professionals.
| Loan amount offered | ₹10 lakh – ₹2 crore |
| Eligibility | For businesses engaged in manufacturing, services and trading, and professionals (e.g., doctors, architects, CAs) |
| Benefits | · Short processing period
· Wide options for collateral · Dedicated relationship manager to structure the OD limit offer as per needs · Assessment on the basis of bank statements |
*Information for reference only. Readers are requested to visit the bank website for the latest info.
You can learn more about Smart Overdraft from YES Bank on their website: yesbank.in/business-banking/loans/smart-overdraft
Cash Backed Lending Programme
This lending programme by YES Bank provides quick approval and disbursement of funds for non-fund based lending.
| Margin amount | 100% LC/BG/SBLC value (for Domestic) |
| Range of fund facilities | Non-fund based (Letter of Credit, Bank Guarantee) |
| Eligibility | Suitable for MSMEs in trading, manufacturing and services sector |
| Benefits | · Quick processing and minimal document required
· Non fund-based credit · 180 days Letter of Credit, 36 months bank guarantee option, Capex LC up to 3 years |
| Documents required | · Trade KYC documents of applicant
· Request letter to create FD through debit from client’s account · LC facilities indemnities · Facility letter, duly accepted copy · FD discharge form · Board Resolution |
*Information for reference only. Readers are requested to visit the bank website for the latest info.
For more information on the LC lending option, visit their website: yesbank.in/business-banking/loans/cash-backed-landing-program
Supply Chain Banking
This form of lending is designed to offer liquidity support. YES Bank has partnered with corporate clients to offer their vendors, liquidity support. The initiative is aimed at enhancing value in supply chain relationship.
| Types of finance | · Vendor finance: Finances receivables of vendors from corporates and improves value chain relationships
· Dealer finance: Finances purchases of dealers and meets working capital needs |
| Eligibility | |
| Benefits | · Simple and easy documentation and faster approvals
· Quick turnaround with transactions process in real time · Use of advanced technology for operational efficiency · Flexible payment options available · Collateral not required |
| Documents required | · 3 years audited P/L and Balance sheet
· 6 months bank statements · 3 years ITR of dealer · Constitution deeds · KYC documents and AOF · Sanction Letter (signed and accepted) · Details on borrowings from banks/NBFCs · Execution of loan agreement |
*Information for reference only. Readers are requested to visit the bank website for the latest info.
You can also find more details on YES Bank’s supply chain lending by visiting the website: yesbank.in/business-banking/loans/supply-chain-banking
Commercial Vehicle Loan
Businesses often require commercial vehicle loans to keep a vehicle for transportation purposes. YES Bank offers customised commercial vehicle financial solutions to help businesses grow their fleet size for business growth.
| Loan value | Up to 100% on chassis cost and 90% on fully built vehicles |
| Type of vehicle | New commercial vehicle loan, used vehicle loan, top up loan, balance transfer, retention refinance, overdraft, drop line OD |
| Benefits | · Easy documentation
· Up to 60 months repayment option · Available across 350+ cities |
| Documents required | · KYC documents of applicant and residence proof
· 6 months bank account statement · 2 years ITR filings (+ audited balance sheets and P/L statements) · Vehicle ownership documents + RC book (registration details) · Repayment records (if any) |
| Application process | · Visit YES bank website for details on Commercial Vehicles Loans
· Read through the details and fill in the application form · Get contacted by a bank representative for next steps Note: You can avail online or offline loan application as per your convenience. |
*Information for reference only. Readers are requested to visit the bank website for the latest info.
For more information on vehicle financing from YES Bank, check: yesbank.in/business-banking/loans/commercial-vehicle-financing
Construction Equipment Loans
Machinery loans or equipment finance is another category of loans popularly availed by MSMEs and other businesses. With YES Bank construction equipment loans, borrowers can avail funds for purchasing construction equipment tailored to meet their business needs (e.g., equipment for mining, earth moving, concrete, material handling etc.).
| Loan value | Up to 95% of equipment price |
| Type of equipment | New construction equipment loan, used construction equipment, top up loans, balance transfer and retention refinance |
| Benefits | · Easy documentation
· Up to 72 months repayment tenure · Customised financing solutions based on need · Available across 350 cities |
| Documents required | · KYC documents of applicant and residence proof
· 6 months bank account statement · 2 years ITR filings (+ audited balance sheets and P/L statements) · Equipment ownership documents + registration documents · Repayment records (if any) |
| Application process | · Visit YES bank website for details on Construction Equipment Loan
· Read through the requirements and fill in and submit the application form · Get contacted by a representative for further steps Note: You can also visit the nearest branch to apply for the loan offline. |
For further details on YES Bank MSME loans for construction equipment, visit: yesbank.in/business-banking/loans/construction-equipment-loan
MSME and YES Bank
YES Bank has designed several business loan and MSME loan plans that cater to businesses of all sizes and from different industries.
The bank offers a range of MSME Finance options, including:
- Collateral free lending
- Collateral backed lending
- Loan against property
- Term lending
- Supply chain lending
As a business owner when looking for business loans, it’s advisable to compare loan interest rates and terms from multiple banks before settling for one.
At Business Loans through Tata nexarc we compare loan offers from multiple lenders with one application, to give you the best deals on business loans. Explore today.
Sohini is a seasoned content writer with 12 years’ experience in developing marketing and business content across multiple formats. At Tata nexarc, she leverages her skills in crafting curated content on the Indian MSME sector, steel procurement, and logistics. In her personal time, she enjoys reading fiction and being up-to-date on trends in digital marketing and the Indian business ecosystem.
