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Yes Bank Business Loan EMI Calculator India Apr 2021

Business Loan EMI Calculator Yes Bank

Last Updated 12th Apr 2021

Get monthly EMI as low as ₹ 3,528 per lakh on Yes Bank business loan. Business loan EMI in Yes Bank depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.

Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 9,085₹ 4,908₹ 3,528
₹ 5 Lakh₹ 45,425₹ 24,541₹ 17,640
₹ 10 Lakh₹ 90,849₹ 49,083₹ 35,281
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Business Loan Calculator Yes Bank

  • Business loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Yes Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • Yes Bank offers business loans with loan tenure up to 36 months that translates into a lowest loan EMI of ₹ 3,528 per lakh, which makes it affordable for business loan borrowers. Lowest Rate of interest offered by Yes Bank on business loan is 16.25%.

Use EMI Calculator to Calculate your EMI on Business Loan at Different Tenure

Business loan EMI for ₹ 10 Lakh loan amount at lowest 16.25% interest rate offered by Yes Bank for different tenures

1 year 2 year 3 year
Yes Bank EMI for loan amount of ₹ 10 Lakh at 16.25% ₹ 90,849 ₹ 49,083 ₹ 35,281
Total amount you pay back to the bank including principal and interest ₹ 11,72,673 ₹ 13,75,163 ₹ 16,12,616
Interest you have to pay over loan tenure ₹ 1,72,673 ₹ 3,75,163 ₹ 6,12,616
  • The above table shows the longer your loan tenure, lower is the EMI you pay on the loan. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take ₹ 10 Lakh loan for a period of 3 years, you pay the lowest EMI of ₹ 35,281. However, you pay an interest of ₹ 6,12,616 on a ₹ 10 Lakh loan.
  • In contrast, if you take a ₹ 10 Lakh loan from Yes Bank at the lowest loan rate offered for a period of 1 year, you pay a higher loan EMI of ₹ 90,849 and pay an interest of only ₹ 1,72,673 which is less than half of what you paid in a 3 year loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses.

Factors affecting Yes Bank Business Loan EMI

  • Loan amount - This is the amount borrower promises to repay to the bank with the interest applied. Yes Bank gives minimum business loan of ₹ 5,00,000 up to an amount of ₹ 50,00,000.
  • Interest rate - Interest rate is the rate charged over the principal amount borrowed. Higher interest rate increases your loan EMI which will increase the total cost of the loan. Lowest interest rate offered by Yes Bank is 16.25%. Do complete market research and compare rates online before you apply for a business loan.
  • Loan tenure - This is the period in which you can repay your business loan to the bank. Longer loan tenure means lower loan EMI. Generally, Yes Bank offers business loan for a maximum tenure of 36 months.

Business Loan Amortization Calculator

An amortization schedule is a table of periodic loan payments that shows the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term.

In the Amortization schedule, your Business Loan monthly EMI will be equal, but the component of EMI, which consists of interest payment and principal payment will not remain the same every month, it keeps on changing.

Illustration: How to read an amortization schedule

Suppose if you take a Business Loan of ₹ 6 Lakh for 4 years at an interest rate of 13.50%. EMI calculated for this loan amount is ₹ 16,246 and the total annual EMIs to be paid annually is ₹ 1,94,950. The EMI schedule of loan for 4 years is explained below in the table –

Amortization Schedule for a Business Loan of ₹ 6 Lakh over the 4 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 56,802 ₹ 89,411 ₹ 1,46,212 ₹ 5,10,589
2022 ₹ 60,832 ₹ 1,34,117 ₹ 1,94,950 ₹ 3,76,472
2023 ₹ 41,563 ₹ 1,53,387 ₹ 1,94,950 ₹ 2,23,085
2024 ₹ 19,525 ₹ 1,75,424 ₹ 1,94,950 ₹ 47,661
2025 ₹ 1,076 ₹ 47,661 ₹ 48,737 -₹ 0

Each Business Loan EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

In the above illustration, on a Business Loan of ₹ 6 Lakh, taken at the lowest interest rate of 13.50%, EMI paid is ₹ 16,246 and an annual total of EMIs is ₹ 1,94,950, the interest component is ₹ 73,678 while the principal component is ₹ 1,21,271 in year 1 of loan disbursement. You repay only 20.21% of the total principal after paying 12 EMIs during the first year.

In year 4, the interest component of EMI is around 6.94%, while the principal component is around 93.06%. Upto 4 years, you have cumulatively repaid 100% of your total Business Loan.

Yes Bank Business Loan Calculator Formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Yes Bank business loan EMI is calculated:
In above formula,
P = Loan amount. This can range from ₹ 5,00,000 to ₹ 50,00,000
r = Rate of interest per month. Current rate is 16.25%
n = tenure in month. For Yes Bank, this can be 36 months

Tips to decide the right amount of Yes Bank Business Loan EMI

  • Ascertain the amount you need to borrow: It is important that before approaching Yes Bank for business loan, you need to estimate the amount of loan you need to borrow. Remember business loan is an unsecured short term loan, and hence it is advisable to minimize your loan amount to the extent possible. Also, based on the EMI you can service, try to opt for lowest tenure of loans as long tenure loans result in huge interest outgo.
  • Review your current obligations: Before taking loan from Yes Bank, it is advisable to do an evaluation of your current monthly expenses including any EMI obligations that you have on your current loans. The assessment will help you to estimate the amount of EMI you can pay comfortably after taking into account other obligations. Once you arrive at the EMI you can service, you can also decide on the right loan tenure.

FAQs

What is the calculation of Yes Bank Business Loan EMI?

Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Yes Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.

  • Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Yes Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Yes Bank offering business loan with loan tenure up to 36 months, the loan EMI can be as low as ₹ 3,528 per lakh, to make it more affordable and convenient to meet your business needs. Rate of interest offered by Yes Bank are as low as 16.25%. You can check EMI for other tenures using our Yes Bank business loan calculator.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

How does MyLoanCare business loan calculator calculate EMI?

This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Will the Yes Bank business loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Typically, the business loan EMI remains unchanged unless the customer requests for a change and the same is approved by Yes Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).

  • In case the floating rate of interest on your business loan increases, Yes Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Yes Bank, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranche EMI scheme, your loan EMI will increase with each disbursement.

Will business loan EMI change in case of prepayment?

Yes Bank allows prepayment at nil charges or penalty in case of floating rate business loans.

  • When you make a prepayment, the outstanding principal amount on your loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure same (that is paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.

Why should I calculate Yes Bank loan EMI before taking a loan?

In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and makes EMI easily affordable.

  • If you already know the EMI you have to pay each month, then you can plan your expenses accordingly.
  • Based on the EMI amount, you can opt for making prepayment of your business loan in future when you have surplus amount.

Compare Business Loan EMI of All Banks

Yes Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1800-2000
Ahmedabad 9974390909
Ambala 1800-2000
Anand 9974390909
Aurangabad Bihar 998-729-0909
Bangalore 900-839-0909
Bhilai 1800-2000
Bhilwara 1800-2000
Bhiwadi 998-729-0909
Bhopal 1800-2000
Bhubaneswar Cuttack 1800-2000
Bikaner 1800-2000
Chandigarh 1800-2000
Chennai 1800-2000
Cochin 1800-2000
Coimbatore 1800-2000
Dehradun 1800-2000
Delhi 995-839-0909
Durg 1800-2000
Faridabad 995-839-0909
Gandhinagar 9974390909
Ghaziabad 995-839-0909
Goa 1800-2000
Greater Noida 995-839-0909
Gurgaon 995-839-0909
Guwahati 1800-2000
Gwalior 1800-2000
Hyderabad 1800-2000
Indore 1800-2000
Jabalpur 1800-2000
Jaipur 1800-2000
Jalandhar 1800-2000
Jodhpur 1800-2000
Kanpur 1800-2000
Karnal 1800-2000
Kolhapur 998-729-0909
Kolkata 974-849-0909
Kota 1800-2000
Kozhikode 1800-2000
Lucknow 1800-2000
Ludhiana 1800-2000
Madurai 1800-2000
Meerut 1800-2000
Mehsana 9974390909
Mohali Sas Nagar 1800-2000
Mumbai 998-729-0909
Mussoorie 1800-2000
Nagpur 998-729-0909
Nashik 998-729-0909
Noida 995-839-0909
Noida Extn 995-839-0909
Panipat 1800-2000
Patna 1800-2000
Pondicherry 1800-2000
Pune 998-729-0909
Raipur 1800-2000
Rajkot 9974390909
Ranchi 1800-2000
Rohtak 1800-2000
Roorkee 1800-2000
Salem 1800-2000
Shimla 1800-2000
Sonipat 1800-2000
Surat 9974390909
Trichy 1800-2000
Udaipur 1800-2000
Vadodara 9974390909
Varanasi 1800-2000
Vijaywada 1800-2000
Vizag 1800-2000

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Yes Bank Business Loan News - Apr 2021
  • 2021-03-09 : YES Essence, a holistic banking proposition for women launched
    YES Bank launched YES Essence, a holistic banking proposition for women across different customer segments. YES Essence provides offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment. The banking proposition is aiming to aid women to fulfil their aspirations.
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
  • 2020-12-03 : Yes Bank to disburse Rs 10,000 cr retail, MSME loans in Dec quarter
    Yes Bank is planning to disburse retail and small business loans worth Rs 10,000 crore in the December quarter. The bank is aiming to become a truly digital retail bank.
  • 2020-07-28 : Yes Bank reported a net profit of 45. 44 crore for June quarter
    YES Bank posted a 60.05% year-on-year fall in net profit at Rs 45.44 crore for the quarter ended June 30. The Bank had posted a net profit of Rs 113.76 crore in the corresponding quarter last year. Deposits at Rs 1,17,360 crore grew 11.4% QoQ aided by 26.4% QoQ growth in current account deposits and 12.6 per cent QoQ growth in term deposits which includes fixed and recurring deposits. CASA ratio stood at 25.8%. Further, Net interest income was at Rs 1,908 crore bolstered by home, personal, gold, car and two-wheeler loan along with business and mudra loans.
  • 2019-07-26 : Yes Bank to offer MSMEs loans of up to Rs. 3 crore loan through a unique lending program
    Yes Bank has announced the launch of a unique lending program, Smart Edge’ to offer assistance to MSMEs. Under the arrangement, MSMEs can avail secured working capital from Rs. 1 crore to Rs. 3 crores in the form of Overdraft (OD).Interestingly, no financial statements and credit score is required to avail a loan. The lenders will evaluate the eligibility based on GST returns and operative bank accounts.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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