Business Loans India | Commercial Loans | Small Business Loans | Business Overdraft | Loan For Entrepreneurs | Loan For Self Employed

Unsecured business loans are pretty good financial solutions. An experienced and shrewd business entrepreneur always knows how to manage the resources so as to produce better results. If you opt for unsecured business loans, none of your business asset or personal asset is under any risk.  The repayment can be done in monthly instalments over a period of up to ten years. These loans require you to have a good credit history and repayment capability. For this purpose, you can show your recent balance sheets and tax returns.

Before you apply for any business loan, you need to draw out a plan of action. A good business proposal is required to convince the lender about the success of your business project. You have to make him sure that his money is safe in your hands and you will repay it.Information about Small Business Loans from YES Bank is given here

Small Business Loans from YES Bank

Features

Planning to grow your business, need cash to fund your working capital needs, planning to procure new assets for your business, A YES BANK Business Loan is your One-stop-shop for all your financial needs.

YES BANK Business Loan comes with the following Product Features:

* Loans upto 30 lakhs (upto 20 lacs for salaried individuals).
* No Collateral and Security required
* Tenor 12-36 months
* Doorstep service
* Faster Processing

Eligibility
YES BANK offers loans to the following key segments:

* Salaried Individuals
* Manufacturers/ Traders/ Dealers/ Distributors
* Private and Public limited companies (closely Held)
* Partnerships
* Proprietorships

YES BANK s Credit Managers act as a personal interface with the customer and they help the customers through the various stages of the application and collections process.
We offer loans to clients who fulfill the requirements of the credit policy of our bank.

Key Eligibility norms for availing Personal & Small Business Loans:

Salaried Individuals:

* Age between 25 -58 years
* Min Net Income of 3 lakhs per Annum
* Individual to have at least 3-5 years work experience

Small Businesses

* Business has to be in existence for at least last 5 years
* Business Unit to be Profit making in last 2 years
* Annual Turnover > 40 lakhs.
* Positive Net worth for Minimum 2 recent years

Documentation

With the simple documentation requirement for applying for our Business loans you can avail yourself easy loans faster to fund your business needs.

Documents required:
Business Loans

* IT returns and Audited Financials for last 2 years
* Income and Identification documentation as per Banks Credit Policy
* Bank Account statement for the last 6 monthsSalaried Individuals

* latest 2 months Pay slip
* last 6 months bank statement

Sources : http://www.yesbank.in/