Everyone wants to know what their loan EMI would be, and wouldn’t it be great if you know that before the approval. It can be possible now, you just have to visit the YES BANK official website. Go to its product section and click to personal loan, there you will find some details of the loan and a YES BANK Personal Loan Calculator. This tool will generate the monthly installment of your YES BANK personal loan. Anyone who says that the EMI calculation doesn’t matter to them should know about the effects it can have on your overall finance. In this article, you will find how to use a YES BANK Personal Loan EMI calculator. YES Bank is one of the top leading private banks in India which helps its customers to meet their financial needs any time.
For What Purpose I Can Borrow a YES BANK personal Loan?
You can use this personal loan for holidays, weddings, home renovation, etc. YES BANK personal loan is availed without any collateral and Yes Bank charges and interest rate of 10.75-17.00% per annum. So if you are looking for a personal loan and want to have an estimation of EMI before, read this article to know the EMI tool usage.
What Should I Remember?
You need to provide some basic details to get your EMI from the YES BANK Personal Loan EMI Calculator, as this tool works in a formulae of.
E = P x r x (1+r)^n/((1+r)^n – 1)
Where E= EMI
P = Principal Amount that you want to borrow
R = Rate of Interest charged by the YES BANK
N = Repayment Period
So, insert these above details to get your EMI amount with the help of YES BANK personal loan calculator. One can get a loan amount from INR 1 lakh to INR 40 lakh from YES Bank. And using the YES BANK personal loan EMI tool, you can choose a tenure that is suitable for your monthly budget and don’t disturb your other obligations. The repayment period for the YES BAN personal loan is 12 to 60 months, you can change it in the EMI tool and find which is the most suitable one.
What EMI Tool is Important?
It is important because when you know about the EMI amount of your YES BANK personal loan, you are managing your finances accordingly without making any adjustments in your monthly expenses. Because if you have a certain figure, you will be able to plan the repayment as this EMI amount is deducting from your monthly income. So, you use the YES BANK personal loan EMI calculator to help you in organizing your overall spending.
You can apply for the YES Bank personal loan either online or offline by going to the bank official website or visiting the bank branch, just fill up an application form and submit a few necessary documents to the bank and you will get your loan amount instantly on your bank account once it is approved from YES BANK.