YES Bank Home Loan EMI Calculator

YES Bank Home Loan EMI Calculator

The YES Bank Home Loan EMI Calculator is a free online tool designed to help borrowers estimate their monthly EMI (Equated Monthly Instalment) based on their loan amount, interest rate, and tenure. This simplifies financial planning by providing a quick and accurate EMI estimate without manual calculations.

How the YES Bank Home Loan EMI Calculator Works

The calculator uses a standard EMI formula to compute your monthly repayment amount. You need to input three key details:

• Loan Amount: Total amount borrowed (₹1 lakh to ₹10 crore)
• Interest Rate: Annual rate charged by YES Bank (typically between 9.15% to 10.50% as of Q1 FY 2024–25)
• Tenure: Duration of the loan repayment (up to 30 years)

Formula Used

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

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

This formula ensures precise calculation of your EMI based on compound interest.

Key Features of the Calculator

• Instant results: Get EMI within seconds
• Customizable: Modify loan amount, tenure, or rate to compare options
• Accurate: Based on current home loan rates
• Free to use: No login or personal details required

Benefits of Using the YES Bank Home Loan EMI Calculator

• Plan your monthly budget more effectively
• Choose the right loan tenure based on affordability
• Compare different loan options before applying
• Understand the interest outgo and total repayment amount

Example Calculation

Loan Amount: ₹40,00,000

Interest Rate: 9.25% per annum

Tenure: 20 years (240 months)

• Monthly EMI: ₹36,674
• Total Interest Payable: ₹48,02,021
• Total Repayment: ₹88,02,021

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.