Yes Bank Business Loan Interest Rates

Yes Bank Business Loan provides monetary support to expand your business or increase the working capital. Yes Bank Business Loan Interest Rates start from 15.5%* with a processing fee up to 2%. If you have high eligibility criteria, your Yes Bank Business Loan Interest Rates will be low. But lower eligibility criteria will increase your Yes Bank Business Loan Interest Rate. To secure a lower Yes Bank Business Loan Interest Rate which is very helpful, you must have a minimum credit score of 750 or above with a disciplined repaying habit. The minimum annual turnover must be Rs. 1 crore for a lower Yes Bank Business Loan Interest Rates. The repaying capacity and credit history decides your Yes Bank Business Loan Rate of Interest. For a higher Yes Bank Business Loan Interest Rates, you need to pay a higher interest amount.

Which factors affect Yes Bank Business Loan Interest Rates?

You must check your Yes Bank Business Loan Eligibility using Yes Bank Business Loan Interest Rates Calculator to get a clear idea of your Yes Bank Business Loan Rate of Interest before applying for Yes Bank Business Loan. Your Yes Bank Business Loan Eligibility must be high for a lower Yes Bank Business Loan Interest Rates. But a lower Yes Bank Business Loan Eligibility will increase your Yes Bank Business Loan Interest Rates.

So, for a lower Yes Bank Business Loan Interest Rates, you must have a minimum credit score of 750 or above and must possess stable business with a profit margin for the last 2 years.

Following are some of the factors which affect Yes Bank Business Loan Interest Rates Calculator to evaluate Yes Bank Business Loan Interest Rates-

• Age

  The applicant’s age hugely affects Yes Bank Business Loan Interest Rates Calculator. The age limit ranges between 25 to 65 years. If you apply for Yes Bank Business Loan at a young age, then your repaying capacity will be high which will lower the Yes Bank Business Loan Interest Rates. Also many added benefits and offers will be provided. But for an older applicant, Yes Bank Business Loan Interest Rates will be high.

• Existing Debt

  In case of financial liabilities like EMIs or credit card bill payments, your Yes Bank Business Loan Interest Rates will be high. Moreover if your existing debt consumes a maximum 40% of your monthly income then your Yes Bank Business Loan Interest Rate will be high. For a lower Yes Bank Business Loan Interest Rates, you can easily opt for balance transfer and top-up loan. Also you need to clear your existing liabilities for a lower Yes Bank Business Loan Interest Rates.

• Business Stability

  For a lower Yes Bank Business Loan Rate of Interest i.e., higher eligibility, you must have a stable business existence of 3 years. Also, the business must generate a good profit for the last 2 years and must yield an annual turnover of at least Rs. 1 crore which will lower Yes Bank Business Loan Interest Rates.

• CIBIL Score

  Your CIBIL score is a very crucial factor that affects Yes Bank Business Loan Interest Rates Calculator. For a lower CIBIL score, your Yes Bank Business Loan Interest Rates will be high and a higher CIBIL score will decrease your Yes Bank Business Loan Interest Rate. So, a disciplined repaying history will increase your CIBIL score which will lower down your Yes Bank Business Loan Interest Rate.

• ITR

  Yes Bank Business Loan interest rate gets really affected by the details of your ITR. You must produce ITR copy of the last 24 months with updated bank statement of the last 6 months which will decrease your Yes Bank Business Loan Interest Rates.

• Geographical Location

  Your geographical location affects your Yes Bank Business Loan Interest Rates. If your geographical location is metropolitan city based, then your Yes Bank Business Loan Interest Rates will be low. But if your geographical location is rural area based, then your Yes Bank Business Loan Interest Rates will be high. Also, red marked area based location pointed by the financial institutions will also increase your Yes Bank Business Loan Interest Rates.

• Housing Situation

  Your housing situation is really important factor that affects Yes Bank Business Loan Interest Rates Calculator. Staying in your own house will lower down your Yes Bank Business Loan Interest Rate. But staying in a rented flat/house will increase your Yes Bank Business Loan Interest Rates because of your reduced repaying capacity. Also, owning your own workplace will also lower your Yes Bank Business Loan Interest Rates.