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Yes Bank Loan Against Property EMI Calculator

Yes Bank Mortgage Loan EMI

Last Updated 12th May 2021

Get monthly EMI as low as ₹ 1,105 per lakh on Yes Bank loan against property. Mortgage loan EMI in Yes Bank depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 10 Lakh₹ 21,494₹ 16,861₹ 11,054
₹ 25 Lakh₹ 53,735₹ 42,152₹ 27,635
₹ 40 Lakh₹ 85,976₹ 67,443₹ 44,216
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    Loan Against Property EMI Calculator Yes Bank

    Use the above quick and easy tool to easily calculate and compare monthly EMI on Yes Bank Loan Against Property.

    Yes Bank Loan Against Property 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 Loan Against Property of ₹ 15 Lakh from Yes Bank for 20 years at an interest rate of 10.50%, the EMI calculated for this loan amount would be ₹ 14,976 and the total annual EMIs to be paid annually is ₹ 1,79,708. The Yes Bank Loan Against Property EMI schedule for 20 years is explained below in the table –

    Amortization Schedule for a Loan Against Property of ₹ 15 Lakh over the 20 years

    Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
    2021 ₹ 1,04,539 ₹ 15,267 ₹ 1,19,806 ₹ 14,84,733
    2022 ₹ 1,54,717 ₹ 24,991 ₹ 1,79,708 ₹ 14,59,742
    2023 ₹ 1,51,963 ₹ 27,746 ₹ 1,79,708 ₹ 14,31,996
    2024 ₹ 1,48,905 ₹ 30,803 ₹ 1,79,708 ₹ 14,01,193
    2025 ₹ 1,45,511 ₹ 34,198 ₹ 1,79,708 ₹ 13,66,995
    2026 ₹ 1,41,742 ₹ 37,967 ₹ 1,79,708 ₹ 13,29,028
    2027 ₹ 1,37,558 ₹ 42,151 ₹ 1,79,708 ₹ 12,86,878
    2028 ₹ 1,32,913 ₹ 46,796 ₹ 1,79,708 ₹ 12,40,082
    2029 ₹ 1,27,756 ₹ 51,953 ₹ 1,79,708 ₹ 11,88,129
    2030 ₹ 1,22,030 ₹ 57,678 ₹ 1,79,708 ₹ 11,30,451
    2031 ₹ 1,15,674 ₹ 64,035 ₹ 1,79,708 ₹ 10,66,416
    2032 ₹ 1,08,617 ₹ 71,091 ₹ 1,79,708 ₹ 9,95,325
    2033 ₹ 1,00,782 ₹ 78,926 ₹ 1,79,708 ₹ 9,16,399
    2034 ₹ 92,085 ₹ 87,624 ₹ 1,79,708 ₹ 8,28,775
    2035 ₹ 82,428 ₹ 97,280 ₹ 1,79,708 ₹ 7,31,495
    2036 ₹ 71,708 ₹ 1,08,001 ₹ 1,79,708 ₹ 6,23,494
    2037 ₹ 59,805 ₹ 1,19,903 ₹ 1,79,708 ₹ 5,03,591
    2038 ₹ 46,592 ₹ 1,33,117 ₹ 1,79,708 ₹ 3,70,475
    2039 ₹ 31,922 ₹ 1,47,787 ₹ 1,79,708 ₹ 2,22,688
    2040 ₹ 15,635 ₹ 1,64,073 ₹ 1,79,708 ₹ 58,615
    2041 ₹ 1,288 ₹ 58,615 ₹ 59,903 ₹ 0

    Each Yes Bank Loan Against Property 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 12.97% of your EMI has been used to repay the principal amount. This means that the remaining 87.03% of the EMI went into interest payment. Thus, you end up paying only 1.55% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to Yes Bank.

    In year 20, the interest component of Yes Bank EMI is around 5.46%, while the principal component is around 94.54%. Upto 20 years, you have cumulatively repaid 100% of your total Yes Bank Loan Against Property.

    How to process for Loan Against Property EMI moratorium in Yes Bank?

    After the announcement of RBI on 22nd May 2020, Yes Bank has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing Yes Bank. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact Yes Bank customer care or its nearest branch.


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

    Yes Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in SBI LAP EMI are listed as follows:

    • Typically, the Loan Against Property 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 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 the extent that the revised loan tenure is more than the maximum permissible by Yes Bank, the bank may increase your EMI amount.

    Will Loan Against Property EMI change in case of prepayment?

    Similar to all loans, Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

    • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a 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.
    • Note that Yes Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

    How does Loan Against Property EMI calculator, calculate Loan Against Property EMI?

    Loan against property is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

    • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
    • Yes Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

    How much loan can I get against my property from Yes Bank?

    You can avail of a maximum loan of ₹ 5 Cr, depending on the value of the property. However, the loan amount cannot be more than 70% of the property value. Yes Bank assesses the property before approving your mortgage loan application.

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    Yes Bank Loan Against Property News - May 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.
    • 2020-02-03 : Revised MCLR for Yes Bank
      Private sector lender Yes Bank revised its MCLR and is in effect from February 1, 2020. The overnight MCLR is 7.90% and MCLR for one month stands at 8.75%. The three months MCLR is 9.20%, and Lending rates for six months is 9.40%. Further, one-year MCLR is 9.70%. The revised rates will impact Home Loans and Loan against property.
    • 2020-01-03 : Yes Bank MCLR remains unchanged
      Yes Bank will be functioning on the same lending rate as the previous month according to the notification as on 1 January 2020. The MCLR for overnight tenor stands at 7.90%, for one-month stands at 8.75%, for three months stands at 9.20%, for six months and one year it stands at 9.40% and 9.70%, respectively. The rate changes will impact the home loans and loan against property.
    *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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