YES Bank Car Loan EMI Calculator

YES Bank Car Loan EMI Calculator

The YES Bank Car Loan EMI Calculator helps you quickly estimate your monthly car loan repayments based on the loan amount, interest rate, and tenure. This tool is essential for planning your finances before applying for a car loan with YES Bank.

How the YES Bank Car Loan EMI Calculator Works

This calculator uses three main inputs:

• Loan Amount (Principal): The total amount borrowed to purchase the car.
• Interest Rate: The annual rate of interest charged by YES Bank on the loan.
• Loan Tenure: The repayment period, typically ranging from 1 to 7 years.

Once you enter these details, the calculator uses the EMI formula to compute your monthly outflow.

Formula Used

EMI = [P × R × (1 + R)^N] ÷ [(1 + R)^N – 1]

• P: Principal loan amount
• R: Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)
• N: Loan tenure in months

Example Calculation

Assume:

• Loan amount = ₹8,00,000
• Interest rate = 9.25% per annum (monthly rate = 0.7708%)
• Tenure = 5 years (60 months)
• EMI = ₹16,697 (approximately)

This is the fixed monthly amount you would pay over the loan tenure.

Benefits of Using the YES Bank Car Loan EMI Calculator

• Quick & Accurate – Get instant EMI results without manual calculations.
• Financial Planning – Adjust values to compare different loan scenarios.
• Helps with Loan Comparison – Easily evaluate offers from other lenders.
• No Registration Required – Use freely without any login or personal data.

YES Bank Car Loan Details (As of Q1 FY 2024–25)

• Interest Rate Range: 9.25% – 10.50% p.a. (may vary by profile and vehicle type)
• Loan Tenure: Up to 7 years
• Maximum Loan Amount: Up to 90% of on-road vehicle price
• Processing Fee: ₹999 – ₹5,000 (plus taxes)
• Prepayment Charges: Up to 5% (after 6 months)

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.