Smart Overdraft is aimed at providing working capital limit up to INR 1 Cr without balance sheet. Now quick online offers available for MSMEs engaged in manufacturing , trading and professionals like Doctors, Chartered Accountants, Engineers and Architects.
No Balance sheet required for analysis
Credit assessment based on banking transactions of the customers
Available to Business as well as Self Imployed Individuals like Doctors/Engineers/CA/Architect
Account level customization
KYC documents of the applicant entity/ Proprietors/ partners/ directors/ sister concern/ guarantors/ security providers - ID proof & Address proof as per applicable KYC guidelines.
Last 12 month bank statements for existing YES Bank customers. If not existing customer, then last 24 month bank statements
Proof of Business Vintage e.g. Shop Establishment Certificate, Certificate of Incorporation, Partnership – Certificate of Registration, etc.
Sanction Letter & Repayment Track Record of Existing Loans
ITR Returns along with computation of Income & acknowledgement for last 2 years of the Applicant
Self-certified net worth statement of the promoters/guarantors
Documents of Property being offered as security
Q. Can Individuals be funded under the program?
A. Yes. The profile of the individuals is currently restricted to Doctors, CAs, Architects, Engineers.
Q. What are the group exposure norms under the program?
A. The group exposure norms under the program are capped at 10 MM
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