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Yes Bank Home Loan EMI Calculator

Yes Bank Home Loan Calculator

Last Updated 08th Jun 2021

  • Yes Bank home loan EMI per ₹ 1 Lakh is ₹ 836, which is one of the lowest EMI offered by banks.
  • Housing loan EMI in Yes Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Yes Bank home loan before applying. For this you can use, home loan emi calculator Yes Bank. Check Best Offers
  • Check Yes Bank home loan EMI for different tenures at current Yes Bank home loan interest rate of 8.95%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 20 Lakh₹ 25,281₹ 20,226₹ 16,716
    ₹ 30 Lakh₹ 37,922₹ 30,339₹ 25,073
    ₹ 50 Lakh₹ 63,203₹ 50,565₹ 41,789
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Yes Bank Home Loan EMI Calculator Online

When you take a home loan from Yes Bank you have to pay an Equal Monthly Installment (EMI) against the borrowed loan amount, to repay the loan and the interest to the bank. Every month, the EMI is due on a fixed day of the month till your loan is fully paid back.

To calculate your Yes Bank housing loan EMI you can use a home loan calculator Yes Bank online to check how much you will have to pay every month. The Yes Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm to give accurate results based on loan requirements that you enter, such as loan amount, tenure and rate. You can easily calculate EMI online and get reliable results without any hassle.

Yes Bank Housing Loan EMI Calculator at Different Tenures

Yes Bank home loan EMI for different Loan amounts and tenures @ 8.95% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 25,282 ₹ 22,413 ₹ 20,026
₹ 50 Lakh ₹ 50,565 ₹ 44,826 ₹ 40,051
₹ 75 Lakh ₹ 75,847 ₹ 67,238 ₹ 60,077
₹ 1 Cr ₹ 1.01 Lakh₹ 89,651 ₹ 80,103
  • As you can see in the above table, for various loan amounts taken at the lowest rate of interest as offered by Yes Bank, EMI differs by loan tenure at 15, 20 and 30. Your EMI is higher when you take a loan for a shorter tenure of 15 years and it is lower when you apply for a higher tenure of 30years.
  • Your EMI consists of both interest payment and principal repayment. Though the Yes Bank home loan EMI amount will remain constant, every month the proportion of interest payment and principal repaid within each EMI is different. With every EMI, the proportion of principal repayment in EMI keeps increasing and the interest component in EMI keeps reducing.You can check this based on your requirement using Yes Bank housing loan emi calculator.

How can Yes Bank Home Loan EMI Calculator be Beneficial?

  • Yes Bank Home Loan EMI calculator is a quick and straightforward solution to pre-plan and balance your inflow and outflow of money so that you don’t run short of money at any point of time. It is an online device to compute the home loan EMI payments.
  • Emi calculator home loan Yes Bank is easily accessible and can be availed without bearing any cost. It is user friendly and calculates the EMIs in a matter of seconds and thus helps in saving time.
  • As the Yes Bank home loan generally involves a long tenure and high amount you need to be extra cautious in the selection of home loan. The Yes Bank emi calculator provides you with an option to change the various factors of the home loan like tenure, rate of interest and loan amount.
  • The accuracy of the home loan calculator is 100%, and it can also be helpful in computing the interest amount and EMIs in case of Yes Bank home loan prepayment.

Factors Affecting Yes Bank Home Loan EMI

  • Loan amount – This is the amount borrowed by a borrower from Yes Bank. If you apply for a higher loan amount, your EMI will be high. Yes Bank gives a minimum home loan of ₹ 10,00,000 upto an amount of ₹ 5,00,00,000.
  • Interest rate - Interest rates is the rate charged by Yes Bank on your home loan. Higher interest rate increases your housing loan EMI which will increase the total cost of the loan. Yes Bank current home loan interest rate starts at 8.95%. Do a complete market research and compare rates and calculate EMI online using 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. Longer loan tenure means lower housing loan EMI. Loan term can be determined by your age at the time of loan sanctioning and your retirement age. Generally, Yes Bank offers house loans for a maximum tenure of 30 years.

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 8.95%.1 Year MCLR, which is currently 8.45%. Last revised on 01st Jun 21
  • n = tenure in month. For Yes Bank, maximum home loan tenure is 360 months

Tips to Decide the Right Amount of Yes Bank Home Loan EMI

  • Ascertain the amount you need to borrow: It is important that before approaching Yes Bank for a loan, you are aware of the loan amount you need to borrow. House loan is a long term loan, and hence it is advisable to minimise your loan amount to the extent possible.
  • Review your current obligations: Before taking a home loan from Yes Bank it is advisable to evaluate 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.
  • Calculate your Yes Bank home loan eligibility: Your home loan eligibilityis a function of the value of the property and assessment of your repayment capacity based on your monthly income. Yes Bank provides a LTV upto 90% and expects the borrower to fund the remaining value of the property by their own money. For example, at its lowest LTV 90%, Yes Bank would expect its borrowers to provide margin money of 10%.
  • Yes Bank will also estimate your Fixed Income to Obligations Ratio to ascertain the maximum EMI you can service based on your current income and other monthly expenses. The bank applies a certain ratio to your income to estimate your monthly expenses and then adds your other EMI obligations to calculate your fixed obligations.Yes Bank’s assessment may be different from your assessment. Any differences in assessment may require you to readjust your loan amount requirement. You may also consider paying back other running short term loans to improve your eligibility.

Yes Bank Home Loan Details

  • Purpose of Loan: Yes Bank house loan is taken to purchase, construct a home, renovate your existing home.
  • Key Features of Yes Bank Home Loans
    • Loan available for both salaried and self employed. Special rates for women borrowers.
    • Borrowers within the age group of 21 and 60 years.
    • Security: Mortgage of property you are planning to purchase, renovate or construct.
    • Loan to Value Ratio of 90%.
    • Loan Tenure can range from 1 to 30 Years years.
    • Interest rates in the range of 8.95% to 11.80%.
    • Yes Bank home loan EMI per lakh starts from ₹ 836. However, you can calculate your home loan EMI using Yes Bank home loan calculator 2021.
  • Processing Fees: 2.00% of loan amount Maximum ₹ 15,000
  • Special schemes: Yes Bank offers customised home loan interest rates and schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc. Some of the special loan offers of Yes Bank are:
    • Home Improvement Loan
    • Home Extension Loan
    • Yes Bank Home Loan

Yes Bank Home Loan Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Home Loan of ₹ 25 Lakh from Yes Bank for 25 years at an interest rate of 8.95%, the EMI calculated for this loan amount would be ₹ 20,894 and the total annual EMIs to be paid annually is ₹ 2,50,733. The Yes Bank Home Loan EMI schedule for 25 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 25 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 1,30,164 ₹ 16,096 ₹ 1,46,261 ₹ 24,83,904
2022 ₹ 2,21,114 ₹ 29,619 ₹ 2,50,733 ₹ 24,54,285
2023 ₹ 2,18,352 ₹ 32,381 ₹ 2,50,733 ₹ 24,21,904
2024 ₹ 2,15,332 ₹ 35,401 ₹ 2,50,733 ₹ 23,86,503
2025 ₹ 2,12,030 ₹ 38,703 ₹ 2,50,733 ₹ 23,47,801
2026 ₹ 2,08,420 ₹ 42,312 ₹ 2,50,733 ₹ 23,05,489
2027 ₹ 2,04,474 ₹ 46,258 ₹ 2,50,733 ₹ 22,59,230
2028 ₹ 2,00,160 ₹ 50,573 ₹ 2,50,733 ₹ 22,08,658
2029 ₹ 1,95,443 ₹ 55,289 ₹ 2,50,733 ₹ 21,53,369
2030 ₹ 1,90,287 ₹ 60,446 ₹ 2,50,733 ₹ 20,92,923
2031 ₹ 1,84,649 ₹ 66,083 ₹ 2,50,733 ₹ 20,26,840
2032 ₹ 1,78,486 ₹ 72,246 ₹ 2,50,733 ₹ 19,54,594
2033 ₹ 1,71,748 ₹ 78,984 ₹ 2,50,733 ₹ 18,75,609
2034 ₹ 1,64,382 ₹ 86,351 ₹ 2,50,733 ₹ 17,89,259
2035 ₹ 1,56,328 ₹ 94,404 ₹ 2,50,733 ₹ 16,94,855
2036 ₹ 1,47,524 ₹ 1,03,209 ₹ 2,50,733 ₹ 15,91,646
2037 ₹ 1,37,898 ₹ 1,12,834 ₹ 2,50,733 ₹ 14,78,812
2038 ₹ 1,27,375 ₹ 1,23,358 ₹ 2,50,733 ₹ 13,55,454
2039 ₹ 1,15,870 ₹ 1,34,863 ₹ 2,50,733 ₹ 12,20,592
2040 ₹ 1,03,292 ₹ 1,47,440 ₹ 2,50,733 ₹ 10,73,151
2041 ₹ 89,541 ₹ 1,61,191 ₹ 2,50,733 ₹ 9,11,960
2042 ₹ 74,508 ₹ 1,76,225 ₹ 2,50,733 ₹ 7,35,735
2043 ₹ 58,072 ₹ 1,92,660 ₹ 2,50,733 ₹ 5,43,075
2044 ₹ 40,104 ₹ 2,10,628 ₹ 2,50,733 ₹ 3,32,447
2045 ₹ 20,460 ₹ 2,30,272 ₹ 2,50,733 ₹ 1,02,174
2046 ₹ 2,297 ₹ 1,02,174 ₹ 1,04,472 ₹ 0

Each Yes Bank Home 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.

As you assess the amortization table, you will find that by the end of 1st year 11.21% of your EMI has been used to repay the principal amount. This means that the remaining 88.79% of the EMI went into interest payment. Thus, you end up paying only 1.12% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to Yes Bank.

In year 25, the interest component of Yes Bank EMI is around 4.68%, while the principal component is around 95.32%. Upto 25 years, you have cumulatively repaid 100% of your total Yes Bank Home Loan.

Yes Bank Home Loan Interest Rate Calculator

EMI calculator home loan Yes Bank can also be used as an Yes Bank interest rate calculator to determine the total interest you will pay on a housing loan at different loan tenure.

Home Loan EMI for ₹ 1 Lakh loan amount at lowest 8.95% interest rate offered by Yes Bank for different tenures
Calculated Results for Yes Bank Home Loan EMI 5 years 10 years 15 years 30 Years years
Yes Bank EMI for a loan amount ₹ 1 lakh at 8.95% ₹ 2,073 ₹ 1,264 ₹ 1,011 ₹ 801
Total amount you pay back to the bank including principal and interest ₹ 1.24 Lakh ₹ 1.52 Lakh ₹ 1.82 Lakh ₹ 2.88 Lakh
Interest you have to pay during the loan tenure ₹ 24,380 ₹ 51,680 ₹ 81,980 ₹ 1.88 Lakh

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 a ₹ 1 Lakh loan for a period of 30, you pay the lowest EMI of ₹ 801 . However, you pay an interest of ₹ 1,88,360 on a ₹ 1 Lakh loan.
In contrast, if you take a ₹ 1 Lakh loan from Yes Bank at the lowest loan rate offered for a period of 15 years, you pay a higher home loan EMI of ₹ 2,073 and pay an interest of only ₹ 24,380 which is less than half of what you paid in a 30 Years years loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses. Calculation of Yes Bank name home loan interest payout can be done using emi calculator home loan Yes Bank

Other Loan Calculators Offered by MyLoanCare

FAQs

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

Typically, the home loan EMI remains unchanged unless you request for a change in tenure or prepay your loan amount. This however is subjected to approval by the bank. Yes Bank home loan emi can also change in case you opt for a floating rate of interests.

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

In case the floating rate of interest on your home loan increases, the EMI will increase as per the reset frequency of your Yes Bank home loan. For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement. You can plan your EMIs with Yes Bank Home loan EMI calculator 2021.

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 loan calculator Yes Bank housing loan 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 8.95% and maximum tenure of 25 years, the Yes Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 8,358
₹ 12 Lakh ₹ 10,029
₹ 15 Lakh ₹ 12,537
₹ 30 Lakh ₹ 25,073
₹ 50 Lakh ₹ 41,789

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.

What is the EMI for ₹ 10 lakhs home loan in Yes Bank?

You can use a 10 lakh home loan emi calculator Yes Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 8.95% 10 years loan ₹ 12,641
₹ 10 Lakh 8.95% 15 years loan ₹ 12,136
₹ 10 Lakh 8.95% 20 years loan ₹ 13,448

What is the EMI for a 25 lakhs home loan in Yes Bank and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator Yes Bank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 8.95% 10 years loan ₹ 31,601
₹ 25 Lakh 8.95% 15 years loan ₹ 25,282
₹ 25 Lakh 8.95% 20 years loan ₹ 22,413

What is the EMI for 12 lakhs home loan in Yes Bank?

A borrower will pay ₹ 13,623 if he/she takes loan for 12 years at an interest rate of 8.95%. The 12 lakh home loan emi Yes Bank may vary across Yes Bank home loan interest rate.

How to check my home loan balance in Yes Bank?

To check the home loan balance in Yes Bank, a borrower should log in to the Yes Bank net banking portal, click on ‘Loans’. Select Know balance or a borrower can use MISSED CALL BANKING or SMS Banking to know the status. You can also contact the Yes Bank customer care at 1800-1200.

How can I avail income tax benefits on a Yes Bank home loan?

You can avail income tax benefits on a Yes Bank home loan under Section 24B, you can claim deduction for upto #&8377; 2 Lakh for the accrual and payment of interest on Yes Bank housing loan. Under Section 80EEA, you can claim deduction for upto #&8377;1.50 Lakh for the interest payment of home loan availed during the financial year. You can declare all the information in income tax returns form and you will be able to get the benefits.

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Yes Bank Home Loan News - Jun 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.
  • 2021-01-05 : YES BANK retail loan disbursal to become easier and faster
    YES BANK has joined hands with Salesforce to make its retail loan disbursal easier and faster. This collaboration aims to engage customers with a unified experience and drive aggressive retail-led growth for the bank. Further, the partnership will improve the disbursal process of retail loans like home, personal, car, two-wheeler, gold and education loans.
  • 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.
  • 2020-07-06 : YES Bank introduces instant loan disbursement facility
    Private lender, Yes Bank has launched an instant loan disbursement facility. The facility will help the retail customers like that of home, personal, gold, two-wheeler, and car loan to apply for the loan in a smooth and fast manner.
*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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