Yes Bank Personal Loan EMI Calculator Guide

Yes Bank offers a Personal Loan EMI Calculator on its official website to help you estimate your monthly EMI (Equated Monthly Installment) based on the loan amount, interest rate, and tenure. Here’s how you can use it:

Steps to Use Yes Bank Personal Loan EMI Calculator:

1. Visit the Yes Bank Website:
   Go to the official Yes Bank personal loan page: https://www.yesbank.in/personal-loan

2. Find the EMI Calculator:
   Look for the “Personal Loan EMI Calculator” section (usually available under tools or on the loan page).

3. Enter Details:

   • Loan Amount (₹50,000 to ₹40 Lakhs)

   • Interest Rate (Check current rates, usually 10.99% p.a. onwards)

   • Loan Tenure (1 to 5 years)

4. Check EMI, Interest Payable & Total Amount:
   The calculator will display:

   • Monthly EMI

   • Total Interest Payable

   • Total Payment (Principal + Interest)

Example Calculation:

• Loan Amount: ₹5,00,000

• Interest Rate: 12% p.a.

• Tenure: 5 years (60 months)

EMI Calculation Formula:

EMI=P×r×(1+r)n(1+r)n−1EMI=(1+r)n−1P×r×(1+r)n​

Where:

• $P$ = Loan amount (₹5,00,000)

• $r$ = Monthly interest rate (12%/12 = 1% = 0.01)

• $n$ = Tenure in months (60)

Calculation:

EMI=5,00,000×0.01×(1+0.01)60(1+0.01)60−1≈∗∗₹11,122∗∗EMI=(1+0.01)60−15,00,000×0.01×(1+0.01)60​≈∗∗₹11,122∗∗

• Total Interest: ₹11,122 × 60 – ₹5,00,000 ≈ ₹1,67,320

• Total Payment: ₹5,00,000 + ₹1,67,320 = ₹6,67,320

Key Features of Yes Bank Personal Loan:

✔ Loan Amount: ₹50,000 – ₹40 Lakhs
✔ Interest Rate: Starting from 10.99% p.a. (varies based on profile)
✔ Tenure: Up to 5 years
✔ Processing Fee: Up to 2.5% of loan amount + GST

Alternative Methods:

• Mobile App: Use the Yes Bank Mobile App to calculate EMI.

• Customer Care: Call 1800 1200 for assistance.