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  • Yes Bank Personal Loan EMI Calculator is Rated as "Excellent!" by 88 Users

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    Yes Bank Personal Loan EMI Calculator

    Yes Bank is the country’s fastest growing bank which believes in providing trustworthy and efficient banking services. Headquartered in Mumbai, Yes Bank has over 900 branches. The bank offers services such as personal loan, home loan, car loan, commercial vehicle loan, etc. Yes Bank provides personal loan of amounts between Rs.1 lakh to Rs.20 lakh. With flexible repayment options, you can avail a personal loan without any collateral or guarantor. Minimal documentation and hassle-free process makes it preferable for most customers.

    Understanding Your Personal Loan Repayment

    When you take a personal loan from Yes Bank, you can repay it in Equated Monthly Installments (EMIs). The monthly EMI comprises of the principal amount and the interest charges as per the bank. You should know the exact EMI amount that you will be required to pay each month, as well as the breakup of that amount. As loan repayment is done over a period of time, knowing this amount is important for your financial planning.

    Sometimes, the EMI amount also includes the processing fees towards the loan. Calculation of your loan EMI manually is a cumbersome process as you have to compute the ideal EMI amount that is suitable for you by trying various combinations for the chosen loan amount. You will either have to adjust the loan amount or the loan tenure if you want to reduce the EMI to the amount that is ideal for you.

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    Personal Loan EMI Calculator by BankBazaar

    BankBazaar has a personal loan EMI calculator on its website which helps you calculate your loan EMI in seconds. It is a comprehensive tool that also gives a detailed breakup of charges towards the loan, apart from the installment amount. An amortisation table is used to generate instant output.

    To use the BankBazaar loan EMI calculator, you can follow 9 easy steps given below:

    • Visit the homepage of BankBazaar.
    • On the extreme right of the page, you will find a drop down menu.
    • Click on the menu and then on ‘Finance Tools’.
    • Under Finance Tools, select ‘EMI calculator’ from the list.
    • Then, enter loan details such as loan amount, rate of interest, loan tenure, and processing fees if any.
    • Select the option between yes or no, for pre-payments.
    • Click on ‘Calculate’.
    • The page displays the EMI amount in seconds.
    • The website also presents a graphical display of other loan details including all its charges.

    How Does The Personal Loan EMI Calculator Work For The Calculation Of EMI Towards Yes Bank Personal Loan?

    The calculator requires basic details of the loan such as the principal amount, interest rate, loan tenure, etc. to calculate monthly installment.

    The online loan EMI calculator uses the following formula:

    E = P x R x (1+R)^n/[(1+R)^n-1]

    Where, E is the EMI

    P is the amount to be borrowed

    R is the interest rate on a monthly basis

    n is the loan tenure in months

    Processing fee is also included in the calculation sometimes depending on the bank.

    Features and Benefits of Yes Bank Personal Loan EMI Calculator

    The personal loan EMI calculator can be used to calculate the EMI that you will have to pay towards a personal loan from Yes Bank. The loan calculator has many benefits such as:

    Quick Calculation:

    Manual calculation of EMI towards personal loan can take a long time, whereas this online calculator takes a few seconds. It allows you the freedom to explore various tenure options, loan amounts and different interest rates offering, helping you choose the ideal combination for a suitable EMI that fits your budget.

    Accurate Calculation:

    Manual calculation always carries a risk of errors every time you vary the amount to be borrowed, or interest rate, or loan tenure. When there is a comparison between banks, the chance of mistakes, further increases. The calculator on the other hand is accurate and free of such errors, no matter how many times the data is varied.

    Convenience:

    The calculator is found online and is very easy to use. Using this tool, you can decide the best loan for yourself in seconds. EMI calculation is the most important criteria in selecting a personal loan and this loan EMI calculator does the job with ease.

    Graphic Representation of Loan Details:

    The personal loan EMI calculator also displays the monthly payment and charges in a graphic form such as a pie diagram. The diagram displays the total amount that would be repaid towards the loan when the entire loan is complete.

    Use of Amortisation Table:

    Amortisation table is used in the calculation of EMI as it helps in knowing the loan’s progress with time. The table determines how much loan amount you have repaid each year, in terms of principal and interest.

    Yes Bank Personal Loan EMI Calculator FAQs

    1. Is the Personal Loan EMI Calculator easier to use than excel sheets?

      Yes, the personal loan EMI calculator is easier to use than excel sheets as the latter requires you to program the calculator before using it, whereas the online calculator already has an inbuilt formula.

    2. Can I use the same loan EMI calculator to calculate EMIs for personal loans from other banks?

      Yes, this is a universal loan EMI calculator and can be applied to any bank, provided you change the details of the loan, accordingly.

    3. How different are loan calculators on the bank’s website from BankBazaar’s personal loan EMI calculator?

      The loan EMI calculators are not so different from the one on BankBazaar, however the latter provides a detailed analysis of your personal loan and helps you understand your repayment better.

    Personal Loan Reviews

    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with Yes bank,they have given me low loan amount, and even they have taken loan insurance charges as well and the rate of interest they have charged me up to 11.5% it was nominal and there processing fee was bit high they have charged.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 16, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with YES BANK. I have a good experience where the documentation process is very good. I am satisfied with the loan amount . The rate of interest is very lower, duration is for 5 years to repay the loan also the processing fee is there.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 14, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with YES BANK , I have a good experience where the documentation process is very good but the loan amount what they have a given is satisfactory with this bank. The rate of interest and processing fee what they have been charge was very nominal .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 13, 2018
    • YES Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I am using the service of the YES BANK from past one year. I have a good experience where the documentation process is very good but the loan amount what they have a given is lower which is one lakhs three thousand rupees. The rate of interest is very lower, duration is for 5 years to repay the loan also the processing fee is there.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 11, 2018
    • YES Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      The interest rate is very less compared to other banks. And they are providing the amount whatever I required, They have deducted for some policies like insurance and processing charges, The customer service and response is good, Part payment and pre closure can be done after one year and they charge 4%. Documents are collected at doorstep by the executive.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 08, 2018
    • YES Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have transferred the person loan from the AXIS BANK to the YES BANK. The rate of interest is 11% in this bank so i have transferred to this bank. I am using it from past few months i am satisfied with the services of this bank. The customer service is good.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 04, 2018
    • YES Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      Got my personal form Yes bank , as the rate of interest is high of 21% . Making the payments through Ecs. Got approved as instant approval process and there is high processing fees for the personal loan. Their customer service and response is good regarding personal loan.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Nov 02, 2018
    • YES Bank Personal Loan
      "Good Financial service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan from Yes bank , Am satisfied with the rate of interest which is nominal but had to go with it based on my situation . Where there is no processing fees They instantly approved They gave the tenure period of 5year and made the payments through ecs .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 02, 2018
    • YES Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with YES Bank. It has not been a up to the mark experience. A average process as the documentation was not taken on time and the rate of interest and processing charges is also not satisfactory. They need to improve on that.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Sep 22, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      MY personal loan was taken with taken with YES BANK , they offered me sufficient loan amount with this bank . Rate of interest is 7.49% and tenure period is 60month . Customer support is good with this bank . They offered 2% of processing fee on principal amount and they gave preclosure option too .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 17, 2018
    • YES Bank Personal Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      My personal loan was years back. The loan amount was 2 lakhs and the interest rate was very high . The tenure period was 36 months . Their customer service and responses was very good. I am satisfied with the documentation and exective wer every helfull.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • YES Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      Got my personal form Yes bank , as the rate of interest is nominal one . Making the payments through ECS they gave the tenure period of 3 years . Got approved as instant approval process and there is high processing fees for the personal loan. Their customer service and response is good regarding personal loan.
      Was this review helpful? 3
      , mumbai
      Reviewed on Aug 22, 2018
    • YES Bank Personal Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with YES BANK . I have not face any inconvenience at the time of documentation so far my experience is good with this bank . Interest rate is 10% and it is up to the mark. Tenure period is 4year and i use to pay 3000 of EMI and there is processing fee of rs 1500 charged by this bank . My loan amount is up to the mark. There is no charge for preclosere .
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2018
    • YES Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan earlier with YES Bank and the process to get the loan was good. I have closed this loan too and the process was easy after the closure of the loan. The rate of interest and processing charges is nominal and overall good experience.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 14, 2018
    • YES Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I earlier had my personal loan with YES Bank and the process was easy and smooth. The customer services and response is good. The after loan services are good and there were no issues. The rate of interest and charges is normal and in all no issues.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 13, 2018
    • YES Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the Yes Bank for 3 LACS, they offered the loan at a nominal interest rate. The loan was sanctioned and disbursed with in3-4 days. The customer support was also very good. It has been a hassle free personal loan experience with the Yes Bank.
      Was this review helpful? 8
      , kochi
      Reviewed on Aug 04, 2018
    • YES Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've take a personal loan from the Yes bank for 2 lakhs. It was not good, the associate told me 13.29% but the bank is charging 14 %. I am paying an EMI of 9803 for 24 Months. There were also hidden charges too when it comes to the YES bank with respect to personal loan.
      Was this review helpful? 4
      , delhi
      Reviewed on Jul 14, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Yes bank and my loan experience was good, the loan amount was for Rs 3.25 lakhs with nominal interest rate when compared to other banks. 2% charges are applicable for preclosure of the loan. Customer service was fine and the tenure for this loan is 3.5 years.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 03, 2018
    • YES Bank Personal Loan
      "ROI is high"
      0.5 4.0/5 "Great!"
      Interms of ROI is too high compared other banks. I found the customer care service which was helpful. I have applied around 5 lakhs how ever i they have approved the same. I already paid around 1.3 lakhs. I'm paying the EMI amount of 11400 every month through ECS. I have opted the loan for 5 years.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 21, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Its instant loan approval process which i took from Yes bank for personal loan . The approval was so quick as the amount reflected in my bank account in just 3 days The rate of interest is promising one . They gave tenure period of 2 years There is some processing fees as it is high . Overall their service and response is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 19, 2018
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