The YES BANK SME- SMART OD enables you to avail extensive overdraft facility based purely on your Current Account Transactions or repayment track record on existing LAP Loan.
A unique product, it presents multiple ways to meet your working capital requirements and partners you in taking your business to greater heights. The limit offered under this program can be used as a running limit or to reduce your borrowing obligations through fixed monthly repayments.
Key Features:
• Overdraft Loan up to 5.0 MM
• Secured by Residential or Commercial property/ NA Plot/ Liquid Security
• Minimum documentation and hassle free sanction
• Interest Charged only on utilization
• Power Packed Current Account
• Customized Sweep-in Sweep-out facility
• Dedicated relationship manager
Exclusive Benefits of the SME Smart OD:
|
Parameter |
Regular Working Capital |
SME – Smart OD |
|
Utilisation of limit not linked to drawing power |
X |
ü |
|
Limits based on current a/c transaction |
X |
ü |
|
Pre printed simplified documentation |
X |
ü |
|
Additional limits |
X |
ü |
|
Periodic submission of stock statement not mandatory |
X |
ü |
|
Add-on power current account |
X |
ü |
To indicate your interest to apply, click here.
