YES BANK’s personal loans help you realize your dreams without having to worry about financial constraints. We offer flexible loan tenures at competitive interest rates on personal loans, which enable you to meet your financial requirements. YES BANK offers you the provision of repaying the loan amount over a period of time which is most convenient for you.
A personal loan can be repaid in fixed instalments, called Equated Monthly Instalments (EMIs), over a certain period. The EMIs are based on three factors -
The amount of loan that you wish to take.
The interest rate charged on the loan. We, at YES BANK, charge a fixed interest rate of 14%.
The tenure at which the loan is availed.
EMI repayments for a personal loan are a highly convenient feature as they allow you to plan your monthly payments and choose a loan amount according to your resources.
To make this decision easier, the YES BANK website allows you to use the personal loan EMI calculator to determine the instalment amount to be paid monthly, based on the above three factors.
This personal loan calculator is extremely easy to use – enter the personal loan amount you wish to borrow and the total number of months over which you wish to repay the loan.
The EMI calculator will then show you the various applicable monthly instalments that you would be required to pay according to varying tenures.
Monthly EMIs would be higher over a shorter tenure and decrease as the tenure is extended. Accordingly, you may choose the repayment scheme that suits you best.
It must be noted that the exact EMI amount might vary slightly depending on the disbursal of the loan, and the period from the date of disbursal and that of the first EMI.