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Yes Bank Home Loan EMI Calculator

Yes Bank Home Loan Calculator

Last Updated 04th May 2022

  • Yes Bank home loan EMI per ₹ 1 Lakh is ₹ 685, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Yes Bank is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the Yes Bank home loan before applying. Use an online Yes Bank loan EMI calculator to estimate your EMI.
  • Check Yes Bank home loan EMI for different tenures at the current Yes Bank home loan interest rate of 6.65%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 11,431₹ 8,794₹ 6,846
    ₹ 20 Lakh₹ 22,863₹ 17,587₹ 13,692
    ₹ 30 Lakh₹ 34,294₹ 26,381₹ 20,538
    ₹ 50 Lakh₹ 57,156₹ 43,969₹ 34,231

    Jump to EMI Calculator

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Yes Bank Housing Loan EMI Calculator

Yes Bank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure, and interest rate. You can calculate your Yes Bank housing loan EMI in advance to plan your loan payments and expenses using a Yes Bank home loan calculator. Yes Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why Should You Use Yes Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Yes Bank offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for Yes Bank home loan.
  • Compare Yes Bank Home Loan EMI: With the Yes Bank home loan EMI Calculator online, you can also estimate EMI on your home loan from Yes Bank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any loan tenure period. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

How to Calculate EMI for Home Loan in Yes Bank?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Yes Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Yes Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 6.65%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Yes Bank Home loan plan for you.

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Yes Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Yes Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 6.65%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Yes Bank Home loan plan for you.

Yes Bank home loan EMI is calculated for different loan amounts and tenures at 6.65% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 21,984 ₹ 18,861 ₹ 16,049
₹ 50 Lakh ₹ 43,969 ₹ 37,722 ₹ 32,098
₹ 75 Lakh ₹ 65,953 ₹ 56,582 ₹ 48,147
₹ 1 Cr ₹ 87,937 ₹ 75,443 ₹ 64,196

Benefits of using Yes Bank Home Loan EMI Calculator

Yes Bank Home Loan interest Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate, and tenure. Thus, using the Yes Bank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare Yes Bank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting Yes Bank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI Yes Bank gives a minimum home loan of ₹ 10,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your Yes Bank housing loan EMI which will increase the total cost of the loan. Yes Bank current home loan interest rate starts at 6.65%. Do a complete market research and compare rates and calculate EMI online using the Yes Bank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in Yes Bank. Your EMI will be lower if you take a 0 years loan from Yes Bank as compared to a loan taken for 1 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Yes Bank Home Loan EMI Calculator Formula

Yes Bank Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Yes Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Yes Bank home loan amount can range from ₹ 10,00,000 to ₹ 5,00,00,000
  • R = Rate of interest per month. Current Yes Bank housing loan rate 6.65%.1 Year MCLR, which is currently 8.60%. Last revised on 02nd May 22
  • N = tenure in month. For Yes Bank, maximum home loan tenure is 360 months

Comparison of Yes Bank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Yes Bank 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
HDFC 7.00% ₹ 6,653 ₹ 19,959 ₹ 33,265
ICICI Bank 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

Yes Bank Home Loan Amortization Calculator

Yes Bank Home 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 Home Loan of ₹ 35 Lakh for 15 years from Yes Bank at an interest rate of 6.65%. EMI calculated for this loan amount is ₹ 30,778 and the total annual EMIs to be paid annually is ₹ 3,69,337. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 35 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,53,381 ₹ 92,844 ₹ 2,46,225 ₹ 34,07,156
2023 ₹ 2,22,143 ₹ 1,47,194 ₹ 3,69,337 ₹ 32,59,962
2024 ₹ 2,12,051 ₹ 1,57,286 ₹ 3,69,337 ₹ 31,02,675
2025 ₹ 2,01,267 ₹ 1,68,071 ₹ 3,69,337 ₹ 29,34,605
2026 ₹ 1,89,743 ₹ 1,79,594 ₹ 3,69,337 ₹ 27,55,010
2027 ₹ 1,77,429 ₹ 1,91,908 ₹ 3,69,337 ₹ 25,63,102
2028 ₹ 1,64,271 ₹ 2,05,066 ₹ 3,69,337 ₹ 23,58,035
2029 ₹ 1,50,211 ₹ 2,19,127 ₹ 3,69,337 ₹ 21,38,909
2030 ₹ 1,35,186 ₹ 2,34,151 ₹ 3,69,337 ₹ 19,04,757
2031 ₹ 1,19,132 ₹ 2,50,206 ₹ 3,69,337 ₹ 16,54,552
2032 ₹ 1,01,976 ₹ 2,67,361 ₹ 3,69,337 ₹ 13,87,191
2033 ₹ 83,645 ₹ 2,85,693 ₹ 3,69,337 ₹ 11,01,498
2034 ₹ 64,056 ₹ 3,05,281 ₹ 3,69,337 ₹ 7,96,217
2035 ₹ 43,125 ₹ 3,26,213 ₹ 3,69,337 ₹ 4,70,005
2036 ₹ 20,758 ₹ 3,48,579 ₹ 3,69,337 ₹ 1,21,426
2037 ₹ 1,687 ₹ 1,21,426 ₹ 1,23,112 ₹ 0

In the above illustration, on a Yes Bank Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 6.65, EMI paid is ₹ 30,778 and an annual total of EMIs is ₹ 3,69,337, the interest component is ₹ 2,28,509 while the principal component is ₹ 1,40,828 in year 1 of loan disbursement. You repay only 4.02% of the total principal after paying 12 EMIs during the first year.

Yes Bank Home Loan EMI for ₹ 10 Lakh

The following table shows Yes Bank Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.65% 5 Years ₹ 19,636
₹ 10,00,000 6.65% 10 Years ₹ 11,431
₹ 10,00,000 6.65% 15 Years ₹ 8,794
₹ 10,00,000 6.65% 20 Years ₹ 7,544
₹ 10,00,000 6.65% 0 Years

Yes Bank Home Loan EMI for ₹ 20 Lakh

The following table shows Yes Bank Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.65% 5 Years ₹ 39,273
₹ 20,00,000 6.65% 10 Years ₹ 22,863
₹ 20,00,000 6.65% 15 Years ₹ 17,587
₹ 20,00,000 6.65% 20 Years ₹ 15,089
₹ 20,00,000 6.65% 0 Years

Yes Bank Home Loan EMI for ₹ 25 Lakh

The table below shows Yes Bank Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 6.65% 5 Years ₹ 49,091
₹ 25,00,000 6.65% 10 Years ₹ 28,578
₹ 25,00,000 6.65% 15 Years ₹ 21,984
₹ 25,00,000 6.65% 20 Years ₹ 18,861
₹ 25,00,000 6.65% 0 Years

Yes Bank Home Loan EMI for ₹ 30 Lakh

The following table shows Yes Bank Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.65% 5 Years ₹ 58,909
₹ 30,00,000 6.65% 10 Years ₹ 34,294
₹ 30,00,000 6.65% 15 Years ₹ 26,381
₹ 30,00,000 6.65% 20 Years ₹ 22,633
₹ 30,00,000 6.65% 0 Years

Yes Bank Home Loan EMI for ₹ 50 Lakh

The following table shows Yes Bank Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.65% 5 Years ₹ 98,182
₹ 50,00,000 6.65% 10 Years ₹ 57,156
₹ 50,00,000 6.65% 15 Years ₹ 43,969
₹ 50,00,000 6.65% 20 Years ₹ 37,722
₹ 50,00,000 6.65% 0 Years

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FAQs

Will the Yes Bank home loan EMI remain constant or change in future?

No, your Yes Bank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the Yes Bank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in Yes Bank interest rate?

Yes Bank offers floating rate home loans only. If you take a floating rate loan from Yes Bank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your Yes Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Yes Bank home loan EMI change in case of prepayment?

Yes Bank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your Yes Bank home 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 the same (that is paying a lesser amount every month). It is beneficial to keep the Yes Bank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using Yes Bank home loan calculator.

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

It is advised to calculate Yes Bank home loan EMI before taking a home loan. There are several benefits of calculating your Yes Bank housing loan EMI which can be done using Yes Bank home EMI calculator as discussed below -

  • 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 make Yes Bank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator Yes Bank.

What is the EMI for home loan in Yes Bank?

The Yes Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Yes Bank home loan calculator. Based on the lowest rate of 6.65% and maximum tenure of 25 years, the Yes Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,846
₹ 12 Lakh ₹ 8,215
₹ 15 Lakh ₹ 10,269
₹ 30 Lakh ₹ 20,538
₹ 50 Lakh ₹ 34,230

You can compare Yes Bank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Yes Bank Housing Loan EMI calculator?

Online Yes Bank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The Yes Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Yes Bank Home loan EMI Online?

To pay the EMI of Yes Bank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is Yes Bank home loan EMI calculated?

The Yes Bank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

Compare Home Loan EMI of All Banks


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Yes Bank Home Loan News - May 2022
  • 2021-10-04 : Yes Bank Posts Growth in Loans and Deposits
    Yes Bank has posted growth of 3.6% (year-on-year) in advances at Rs 1,72,945 crore for the quarter ended September 2021 (Q2FY22). Its advances stood at Rs 1,66,923 crore at end of September 2020 (Q2FY21).
  • 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.
  • 2021-06-02 : Yes Bank revised its MCLR for the month of June
    Yes Bank changed its MCLR with effect from 1 June 2021. The overnight MCLR is 6.20%, MCLR for one month stands at 6.70%. The three months MCLR is 6.95%, and the rates for six months is 8%. Further, the one-year MCLR is 8.45%.
*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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