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Yes Bank Gold Loan EMI Calculator

Yes Bank Gold Loan EMI Calculator Sep 2021

Last Updated 06th Sep 2021

  • Yes Bank gold loan EMI depends upon loan amount, rate of interest and loan tenure.
  • Yes Bank gold Loan EMI Calculator is an online tool to estimate monthly EMI on gold loan from Yes Bank and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly Yes Bank gold loan EMI is ₹ 3,180 as calculated using the lowest interest rate of 8.99% for the maximum tenure of 36 months.
  • The table below gives the EMIs on gold loan from Yes Bank at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 8,745₹ 4,568₹ 3,180
₹ 3 Lakh₹ 26,234₹ 13,704₹ 9,539
₹ 5 Lakh₹ 43,723₹ 22,840₹ 15,898

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    Yes Bank Gold Loan EMI Calculator

    Yes Bank gold loan EMI is a fixed amount of money you pay on your Yes Bank gold loan and is based on your loan amount, tenure and interest rate. If you want to calculate the gold EMI of Yes Bank in advance, you can use Yes Bank gold loan EMI Calculator. Yes Bank gold loan calculator is an online tool that functions on a mathematical algorithm to calculate monthly EMI, consisting of both principal and interest payment.

    Why Should You Use Yes Bank Gold Loan EMI Calculator?

    • Calculate the EMI at Different Tenures: Yes Bank gold loan calculator 2021 helps calculate the EMI with different loan amount and tenure. However, to compare the gold loan EMI at the lowest rate, it is advisable to check with the bank to know the gold loan interest rate you will be eligible for Yes Bank gold loan.
    • Compare EMI on Yes Bank Gold Loan: You can also estimate the EMI on Yes Bank gold loan with other leading banks using Yes Bank gold loan EMI Calculator at the same loan amount and tenure at varying interest rates.
    • Get Detailed Amortisation Schedule: To calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure, you can use Yes Bank gold mortgage loan calculator.
    • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Knowing the outstanding balance is always helpful if you are thinking about gold loan balance transfer.

    Yes Bank Gold Loan EMI Calculator to Estimate The EMI That Fits Your Budget

    You can use the Yes Bank gold loan emi calculator to know your Yes Bank gold loan repayment schedule. To calculate EMI on Yes Bank gold loan at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Yes Bank gold loan calculator. For example, the below-mentioned table shows the calculation of Yes Bank gold Loan at the various combinations of loan amount and years at the lowest rate of 8.99%.

    EMI on Yes Bank gold loan is calculated for different loan amounts and tenures at the lowest gold rate of 8.99%.

    Loan Tenure
    Loan Amount 1 Year 2 Years 3 Years
    ₹ 50,000 ₹ 4,372 ₹ 2,284 ₹ 1,590
    ₹ 1 Lakh ₹ 8,745 ₹ 4,568 ₹ 3,180
    ₹ 2 Lakh ₹ 17,489 ₹ 9,136 ₹ 6,359
    ₹ 5 Lakh ₹ 43,723 ₹ 22,840 ₹ 15,898

    Yes Bank Gold Loan EMI Calculator Formula

    Yes Bank gold loan calculator works using a simple mathematical formula to calculate your EMI. The Yes Bank gold loan calculation formula to calculate loan EMI is given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of interest per month
    n = The tenure of loan repayment in months

    If you want to use Yes Bank calculator to calculate Yes Bank gold loan EMI at rates ranging from 8.99% to 8.99%, you need to enter values like loan amount, rate of interest, loan tenure on the EMI calculator Yes Bank gold loan.

    Comparison of Yes Bank Gold Loan EMI With Other Banks

    Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 2 Lakh Loan Amount of ₹ 5 Lakh
    Yes Bank 8.99% ₹ 3,180 ₹ 6,359 ₹ 15,898
    Muthoot 11.99% ₹ 3,321 ₹ 6,642 ₹ 16,605
    Axis Bank 13.50% ₹ 4,778 ₹ 9,555 ₹ 23,889
    IIFL 9.24% ₹ 9,516 ₹ 19,033 ₹ 47,581
    PNB 8.75% ₹ 8,734 ₹ 17,467 ₹ 43,668
    ICICI Bank 9.00% ₹ 8,745 ₹ 17,490 ₹ 43,726
    Fincare Small Finance Bank 10.99% ₹ 11,626 ₹ 23,252 ₹ 58,130

    How to Pay Yes Bank Gold Loan EMI?

    There are various methods to pay your Yes Bank gold loan EMI. To make a Yes Bank gold loan payment, you can either visit the bank branch and pay through cash, cheque or DD. In addition, the bank also allows Yes Bank gold loan online payment through net banking and mobile banking facilities.

    Yes Bank Gold Loan EMI for ₹ 1 Lakh

    The following table shows Yes Bank Gold Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 8.99%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 1,00,000 8.99% 1 ₹ 8,745
    ₹ 1,00,000 8.99% 2 ₹ 4,568
    ₹ 1,00,000 8.99% 3 ₹ 3,180

    Yes Bank Gold Loan EMI for ₹ 3 Lakh

    Below mentioned table shows the Yes Bank gold loan EMI for a gold loan of ₹ 3,00,000 at different tenure at the lowest rate of 8.99%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 3,00,000 8.99% 1 ₹ 26,234
    ₹ 3,00,000 8.99% 2 ₹ 13,704
    ₹ 3,00,000 8.99% 3 ₹ 9,539

    Yes Bank Gold Loan EMI for ₹ 5 Lakh

    Yes Bank gold loan EMI for a gold loan of ₹ 5,00,000 at different tenure at the lowest rate of 8.99%, is listed as follows

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 5,00,000 8.99% 1 ₹ 43,723
    ₹ 5,00,000 8.99% 2 ₹ 22,840
    ₹ 5,00,000 8.99% 3 ₹ 15,898

    FAQs

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

    There are several benefits to calculate EMI for Yes Bank gold loan as discussed below -

    • If the EMI comes out to be more than your monthly budget, you can apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable.
    • If you already know the EMI you have to pay each month, you can plan your expenses accordingly.
    • You can also opt for gold loan prepayment in future when you have a surplus amount.

    Why Use MyLoanCare’s Yes Bank Gold Loan EMI Calculator?

    With MyLoanCare Yes Bank gold loan EMI calculator, you can easily calculate EMI for Yes Bank gold loan without any hassle in a few seconds and error-free. The calculator works on a mathematical algorithm to calculate the EMI and helps you compare the EMI for varying loan amount and tenure. In addition, you also receive EMI calculation in your email or as a link on SMS.

    How is EMI calculated for Yes Bank gold loan?

    Yes Bank calculates gold loan EMI using the mathematical formula as given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of Interest per month
    n = The tenure of loan repayment in months

    For What Other Purposes, You can Use Yes Bank Gold Loan EMI Calculator

    Yes Bank jewel loan EMI calculator not just helps you calculate and compare the EMI for different loan amounts and tenures. You can also use the calculator to calculate various other charges on a gold loan, including foreclosure, prepayment etc.

    How To Repay Yes Bank Gold Loan?

    You can repay Yes Bank gold loan using repayment methods such as EMI, bullet repayment and overdraft. For example, if you want to repay Yes Bank gold using the EMI option, you can use the Yes Bank jewel loan calculator to calculate Yes Bank gold loan EMI payment.


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    Yes Bank Gold Loan News - Sep 2021
    • 2021-09-06 : Yes Bank Revises Gold Loan Rates
      Yes Bank has revised the gold loan interest rates to 8.99%. The bank is also charging a processing fee of 0.1% of the loan amount.
    • 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.
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      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.
    *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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