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Cash Backed Lending Program

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)

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.

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 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

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