Cash Backed Lending Program

Immediate approval and disbursement of non-fund based facility!

Business Banking

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The Cash Backed Lending Programme aims to provide a comprehensive solution for the financing requirements of Traders, Manufacturers and Service providers.

Product features may change without notice -for all Products offering.

key attractions

QUICK PROCESSING

Quick Processing with minimal documentation

Ideal MSME Solutions

Ideal for immediate non fund based credit needs of MSMEs

features and benefits

Features

Facilities:- Non – Fund Based Letter of Credit, Bank Guarantee
Letter Of Credit: Upto 180 days and Capex LC for upto 3 years
Bank Guarantee: 36 months (including claim Period)

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Margin Amount

For Domestic: 100% LC/BG/SBLC value

For Domestic: 100% LC/BG/SBLC value
If FX sensitivity not to be hedged by non cancellable forward contract: 105% of LC/BG /SBLC plus interest Value for USD, Euro & GBP while 110% for other currencies.
If FX sensitivity to be hedged by non cancellable forward contract: 100% LC/BG/SBLC plus interest Value.

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benefits

Account level customization

Account level customization
Anywhere Banking Facility at no extra cost
State of the Art Internet Banking Platform with Real time online account
Anytime Anywhere’ banking enabling you to operate your account from any YES BANK branch across the country with no hidden charges

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Documents

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Documents Required

Request letter to debit the client’s account for creation of FD
Trade KYC document
Duly accepted copy of the Facility letter
Indemnities for the LC facility
Letter of Set off (In case Third Party Fixed Deposit provided as security) executed by such third party in favor of YBL
Board Resolution according consent for availing the facility, providing fixed deposit as security and authorizing persons to sign and execute documents on behalf of the company.
FD discharge form