YES Bank
YES Bank

YES Bank

Yes Bank is India’s fifth largest private sector Bank, co-founded by Rana Kapoor in 2004. A “Full Service Commercial Bank”, it has steadily established a Corporate, Retail & SME Banking franchise, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country. YES Bank services provide an all-inclusive banking experience through an extensive network of over 600 branches and 1100 plus ATMs.

About YES Bank

In accordance with its strategy to building the highest quality branch banking network, it is slated to undergo further expansion, across all major towns and cities of India. It is the only Greenfield Bank license awarded by the RBI in the last 2 decades, associated with the finest pedigree investors. The Bank provides its corporate clients with a complete suite of investment and banking services, both in India, as well as abroad, in collaboration with its financial partners. Yes Bank financial services have adopted a knowledge driven approach to extend financial solutions, transcending the conventional realms of banking. It is committed to support the sustainable growth and development of “Sunrise Sectors” such as Food and Agribusiness, Telecommunications, Information Technology, Life sciences, Renewable Energy, Media and Entertainment, Manufacturing and Textiles, amongst others. YES Bank banking services has also introduced the Mobile Banking Application to cater to the banking needs of the customers, even while they are on the move! The key brand pillars which epitomize the growing strengths of the Bank, are – growth, trust, human capital, innovation and technology, transparency, and responsible banking.

Vision and Mission

The Bank has pursued a differentiated branding strategy in line with the objective of building the Finest Quality Bank in India. the foundation of this strategy is implied in the name ‘YES’, which reflects the twin ethos of service and trust and the unflattering promise to deliver a truly delightful and unprecedented banking experience to all the customers. The Bank’s vision is to be the Finest Quality Bank in India by 2020. It aspires to establish high quality, customer centric, and service driven private Indian Bank catering to the Future Businesses of India.

Yes bank Loans

YES Bank Home Loan: The Bank offers wide-ranging solutions to customers for financing the purchase of residential property. There are a variety of products on offer, which are as follows – a. Home Purchase Loan   b. Home Improvement Loan : For renovation and repair of home  c. Home Loan Top-Up : Additional funding at Home Loan rates along with existing Home Loans on the same property,   d. Home Loan Transfer : Balance transfer of home loans from other banks and Housing Finance Companies,   e. Home Loans for Self-Employed : These are tailor made home loans for self employed professionals or non-professionals. With this scheme, one can avail higher loan amount with attractive YES Bank home loan interest rates, along with longer tenure loans to ensure smaller affordable EMI. Besides, the borrower can also enjoy other benefits like, nil prepayment charges for floating rate Home Loans, doorstep service, and faster processing.

Further, with YES Khushi Home Loans, even with a monthly family income of Rs. 9000, one can apply for a home loan. The loan amount is flexible, starting from Rs. 1 lac for smaller requirements and a maximum of Rs. 28 lacs. YES Bank loan advantage is that it promises to offer tailored solutions for minimal or no income documentation. There are no restrictions on job profile or industry. The maximum tenure under this scheme is 25 years for salaried and self-employed customers, subject to the borrower’s age not exceeding 60 years and 65 years respectively, at loan maturity. This YES Bank finance can be availed for saleable property area starting from 200 sq ft, so one can freely choose any housing option, be it a studio apartment, or a big house.

YES Bank Personal Loan : This loan assists the customer in planning a holiday abroad or giving one’s home a makeover, or for fulfilling any other personal requirement instantly. The monthly net salary of the applicant should be minimum Rs. 25,000 in hand, and he/she should have a salary account with Yes Bank. He/she should have been working in the current company for at least 6 months, while the total work experience should be minimum 2 years. According to YES Bank loan details, the loan amount starts from Rs. 2 lacs. This scheme comes with pre part payment, and zero repayment charges. There is no foreclosure after repayment of 12 EMIs. The loans are available up to an amount of rs.20 lacs. The borrower can enjoy a host of facilities like, attractive interest rates, flexible repayment options, and no collateral/guarantor/security required.

YES Bank Loan Against Property : This loan allows the customer to unleash the power of his property in order to fulfill his/her business or personal needs. According to YES Bank loan against property eligibility norms, salaried individuals should have a minimum income of Rs. 3 lacs per annum, and at least 23 years of age (if income of the applicant/co-applicant is considered, else 21 years). The maximum age limit is 60 years (if income of the applicant/co-applicant is considered, else 70 years). The applicant should have completed at least 6 months in current employment, with a total employment period of 3 years. As far as self-employed applicants are concerned, he/she should have a minimum cash profit of Rs. 4 lacs per annum. The minimum turnover should be Rs. 15 lacs per annum for service providers/commission income, Rs. 10 lacs for annum for doctors, and Rs. 60 lacs for non-service providers. The applicant should have been in the particular business or profession for at least 3 years. The minimum age is 23 years (if income of the applicant/co-applicant is considered, else 21 years), while the upper age limit is 65 years (if income of the applicant/co-applicant is considered, else 70 years). Both residential as well as commercial property is accepted as collateral. This YES Bank loan scheme is accompanied by balance transfer facility with top-up available. Additionally, Dropline Overdraft facility is also available for seasonal business requirements.

YES Bank Business Loan : Business loans from YES Bank can be availed in the form of:

- Channel Finance

- YES Suyog

- Cash backed lending Program

- YES Samriddhi

- YES Sambhav

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