Smart Overdraft

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.

key attractions

NO BALANCE SHEET REQUIRED

No Balance sheet required for analysis

EASY CREDIT ASSESSMENT

Credit assessment based on banking transactions of the customers

features and benefits

Features

Available to Business as well as Self Imployed Individuals like Doctors/Engineers/CA/Architect

Available to Business as well as Self Imployed Individuals like Doctors/Engineers/CA/Architect
Fund Based Limits (Overdraft & Drop Line Overdraft)
Minimum Loan Amount: INR 20 lacs
Maximum Loan Amount: INR 1 cr
Parametrized template based product for faster approvals
Loan Against Residential/ Commercial/ NA Plot
SLBC/BG/FD /Surrender Value of LIC

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BENEFITS

Account level customization

Account level customization
Anywhere Banking Facility at no extra cost
Money Monitor : India’s first aggregation tool that helps you to view all your bank accounts through single window
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

Application Form
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