Many banks and housing finance companies provide home loan calculators to the customer to calculate their equated monthly loan installments (EMIs). A well known private sector bank like YES Bank also offers you a Home Loan Calculator using which you can manage the loan payment of your borrowed amount. With Yes Bank home loans, you can buy a house, land, and renovate your home at lower interest rates. In this article, you will know how to use the YES Bank Home Loan EMI Calculator and its benefits.
Use YES Bank Home Loan Calculator To Evaluate your EMI
Insert your loan elements inside YES Bank Home Loan EMI Calculator because the device works on the formula [P x R x (1+R)^N]/[(1+R)^N-1], where P is the loan amount, R is the rate of interest and N is your loan tenure. The home loan EMI calculation can be done by yourself but only if you are mathematics is good enough otherwise you can use the YES Bank Home Loan EMI Calculator. Using the home loan calculator you can easily manage your Yes Bank Home Loan by choosing a suitable repayment duration for your home loan with the help of which, you can reduce the loan EMIs of your loan through prepayment or foreclosure.
Pay your Loan installments efficiently with low Pre or Part payment charges
If you have taken a YES Bank home loan at a floating rate of interest, then you don’t have to pay any pre or part payment charges on your borrowed amount. Otherwise, you have to pay a 2% prepayment fee on your loan outstanding amount if you have opted for a fixed YES Bank home loan interest rate. YES Bank charges a 2% additional interest rates per annum on your loan outstanding amount and also you have to pay a 2% late payment fee per YES bank home loan due EMIs. So, to manage all the fees and interest payments you can use the YES Bank Home Loan EMI Calculator.
Buy your own home or property with YES Bank Home Loan
You can go to your nearby YES Bank branch and apply for a home loan easily or for a comfortable loan application procedure, you can do the same by using the YES Bank online services. Follow the below-mentioned steps, if you want to apply for a home loan through net banking.
- Go to the YES Bank official website and log in to your account (only if you are an existing loan customer) and check the pre-approved loan offers.
- Otherwise, click on the sidebar and choose the “home loan” option.
- Click on “APPLY Now” enter your KYC details like Aadhaar number, PAN number, etc.
- After that click on the “submit” button.
YES Bank will send you a notification on your registered mobile number, when your application procedure is completed. It provides you doorstep services, affordable interest rates and lower processing fees, which is 2.5% of your loan amount. So, finance your house or property with YES Bank home loan and live a healthy life with worry-free EMIs