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Yes Bank Business Loan EMI Calculator India Jul 2021

Business Loan EMI Calculator Yes Bank

Last Updated 19th Jul 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 48 months.

Yes Bank Business Loan Amortization Calculator

Yes Bank Business Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Yes Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Business Loan of ₹ 7 Lakh for 3 years from Yes Bank at an interest rate of 16.25%. EMI calculated for this loan amount is ₹ 24,696 and the total annual EMIs to be paid annually is ₹ 2,96,357. The EMI schedule of loan for 3 years is explained below in the table –

Amortization Schedule for a Business Loan of ₹ 7 Lakh over the 3 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 53,728 ₹ 94,451 ₹ 1,48,178 ₹ 6,05,549
2022 ₹ 82,972 ₹ 2,13,385 ₹ 2,96,357 ₹ 3,92,164
2023 ₹ 45,594 ₹ 2,50,763 ₹ 2,96,357 ₹ 1,41,401
2024 ₹ 6,777 ₹ 1,41,401 ₹ 1,48,178 -₹ 0

In the above illustration, on a Yes Bank Business Loan of₹ 7 Lakh, taken at the lowest interest rate of 16.25, EMI paid is ₹ 24,696 and an annual total of EMIs is ₹ 2,96,357, the interest component is ₹ 99,517 while the principal component is ₹ 1,96,840 in year 1 of loan disbursement. You repay only 28.12% of the total principal after paying 12 EMIs during the first year.

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 48 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 Toll Free Number
City Customer Care Number
Agra 1800-2000
Ahmedabad 9974390909
Ambala 1800-2000
Anand 9974390909
Aurangabad Bihar 998-729-0909

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Yes Bank Business Loan News - Jul 2021
  • 2021-07-08 : Yes Bank loans, advances shrink marginally at Rs 1.63 lakh cr by end of June quarter
    Yes Bank loans and advances that include Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Gold Loan, Car Loan and Top-up Loan, fell by a marginal 0.4% to Rs 1.63 lakh crore by the end of June 30, 2021, data from the bank showed on Monday. The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021, as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4% on a year-on-year basis.
  • 2021-07-06 : Yes Bank - Loans, advances shrink in Q1 over Covid-19 impact
    Yes Bank loans and advances shrank in the Q1 FY22 on a year-on-year basis and also sequentially, reflecting the economic and business impact of the Coronavirus (Covid-19) pandemic. Sequentially, the loan book that includes Personal Loan, Home Loan, Loan Against Property, Business Loan, Education Loan, Two-wheeler Loan, Car Loan, Gold Loan, Doctor Loan, Mudra Loan, etc. contracted by 1.8% to Rs 1,63,914 crore at the end of June 2021 from Rs 1,66,893 crore in the previous quarter ended March 2021.
  • 2021-06-23 : Yes Bank aims to double retail loan book in 3 years
    Yes Bank aims to double their retail loan book that includes personal loan, business loan, home loan, loan against property, top-up loan, professional loan, personal loan, gold loan, car loan, consumer loan and mudra loan in the next three years. Their SME book has already improved to 51% from 44% last year with the target to reach around 60% in the next two years.
  • 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.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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