Business organisations aspire to stimulate their growth and development. Without any second thought, we can say that resources are essential to fuel and amplify business operations. Capital resources are one of the core components that play a key role in transforming startups into major organisations. Businesses require capital resources for a diverse set of operations; consequently, a business loan is the main source to raise capital funds. Customers can take advantage of several tempting offers on business loans provided by YES Bank.
Additionally, using the YES Bank Business Loan Calculator, whose main purpose is to present the precise results of taking a loan, can be extremely beneficial for individuals inclined to secure a YES Bank business loan to bridge the financial gap. The calculator enables the borrower to assess the EMI structure, which further assists in deciding whether or not a business loan will be an optimal option for them.
Read more about the exclusive financial tool, i.e. YES Bank Business Loan EMI Calculator, and understand how to grab the maximum possible benefits from the advanced AI tool.
Features of Yes Bank Business EMI Loans Calculator
By computing values through YES Bank Business Loan Calculator, you unlock doors to several other features. Consider it as a self-help tool that assists you in myriad ways. Additionally, you get various benefits while employing this high-tech financial calculator. All these benefits are rooted in the exclusive features incorporated in the YES Bank Business Loan EMI Calculator. Refer to the following pointers to explore some of the finest features of this business loan calculator.
- Features an easy-to-use user interface
- Enables quick and hassle-free computation
- The business loan-associated computations are done in real-time, saving lots of time.
- The YES Bank business loan EMI calculator provides instant results based on the inputs provided in the calculator.
- The calculator is an efficient tool for borrowers to anticipate expenses and repayments.
- The quick and user-friendly interface enables users to perform comparative analysis for different terms, amounts and interest rates.
- Enter three basic values and obtain estimated EMIs in a single click.
- Obtain a breakdown of your repayment schedule through an amortization schedule.
Benefits of Calculating Yes Business Loan Online
The online YES Bank Business Loan Calculator provides the following benefits to its users:
- Users who attempt to calculate their EMIs manually may get confused by the lengthy calculations. There is a high possibility of them getting caught in erroneous calculations. Employing the YES Bank Business Loan EMI Calculator helps the user to compute desired values accurately.
- Utilising the YES Bank business loan calculator enables users to compare different interest rates, loan terms, and loan amounts. The users can also instantly compare the rates of numerous banks from a single tool.
- The tool is available online and provides easy accessibility to its users. You are not required to bear any cost to use this free-for-use tool.
- YES Bank Business Loan EMI calculator helps users determine whether or not they can afford a loan plan.
YES Bank Business Loan EMI Calculator Formulae and How It Works?
YES Bank has developed a business loan EMI calculator to assist business owners in computing their monthly repayments on their loans. The calculator employs similar formulae used for manual calculations to derive EMIs on business loans. The formula accounts for the loan amount, interest rate, and repayment duration to determine the monthly payments. The calculator allows business owners to examine various values and choose the one which complements their financing needs. The calculator determines the equated monthly instalments using the following formulae:
P x R ( 1 + R ) ^ N / ( 1 + R ) ^ N ) - 1 )
- P represents the principal business loan amount.
- R is the Rate of interest at which the loan is approved.
- N is the loan tenure, in which you will have to repay the borrowed amount.
Things to Consider while Calculating Yes Business Loan
When deciding whether to obtain a business loan to launch your venture or grow an already existing one, you must consider a few factors. The interest rate, the business loan amount, and the repayment tenure are the three major factors that you shouldn't ignore. The business must emphasise these three factors while evaluating its repayment capacity.
Here are the key factors that influence the YES bank business loan EMIs:
Business Loan Interest Rate
The interest rate on a business loan is the cost that Yes Bank will levy from you against the sanctioned funds. This setting establishes the precise amount you will be required to repay the borrowed sum. A strong credit score will allow you to borrow money at a cheaper interest rate, whereas a bad credit score will result in a higher interest rate. If you successfully secure a business loan at a lower interest rate, your repayment amount would be reduced. On the other hand, your repayment amount will also increase in proportion to the interest rate.
Business Loan Amount
The borrowed business loan or the principal amount impacts the total amount due gravely. Usually, banks cater to the requests for small loan amounts at attractive interest rates contrary to the high loan amount, as the risk factor increases.
Therefore, apply only for the loan amount required so you don’t put undue stress on yourself.
Business Loan Repayment Tenure
The tenure in which you’re required to pay back the business loan significantly impacts the EMI and total repayment amount. The length of the payback period and the amount due go hand in hand. Since you will make EMI payments over a longer period, the interest component will increase as the term lengthens. Because of this, one must plan for a manageable repayment period to avoid paying more in interest.
Business Loan Amortisation Calculator
The business loan amortisation calculator helps you to access the amortisation schedule associated with the loan repayment. The schedule is a tabular representation of the repayment towards the borrowed amount throughout the loan tenure.
Here is an example of the YES Bank Business Loan EMI Calculator depicting the breakdown of monthly instalments. The business loan amount is INR 15,00,000 for 5 years at a 9% interest rate.
|Date||Interest Component||Principal Component||Remaining Balance|
|September 2022||Rs 11,250||Rs 19,888||Rs 1,480,112|
|October 2022||Rs 11,101||Rs 20,037||Rs 1,460,076|
|November 2022||Rs 10,951||Rs 20,187||Rs 1,439,889|
|December 2022||Rs 10,799||Rs 20,338||Rs 1,419,550|
|2022||Rs 44,101||Rs 80,450||Rs 1,419,550|
|January 2023||Rs 10,647||Rs 20,491||Rs 1,399,060|
|February 2023||Rs 10,493||Rs 20,645||Rs 1,378,415|
|March 2023||Rs 10,338||Rs 20,799||Rs 1,357,616|
|April 2023||Rs 10,182||Rs 20,955||Rs 1,336,660|
|May 2023||Rs 10,025||Rs 21,113||Rs 1,315,548|
|June 2023||Rs 9,867||Rs 21,271||Rs 1,294,277|
|July 2023||Rs 9,707||Rs 21,430||Rs 1,272,846|
|August 2023||Rs 9,546||Rs 21,591||Rs 1,251,255|
|September 2023||Rs 9,384||Rs 21,753||Rs 1,229,502|
|October 2023||Rs 9,221||Rs 21,916||Rs 1,207,586|
|November 2023||Rs 9,057||Rs 22,081||Rs 1,185,505|
|December 2023||Rs 8,891||Rs 22,246||Rs 1,163,259|
|2023||Rs 117,359||Rs 256,292||Rs 1,163,259|
|January 2024||Rs 8,724||Rs 22,413||Rs 1,140,846|
|February 2024||Rs 8,556||Rs 22,581||Rs 1,118,264|
|March 2024||Rs 8,387||Rs 22,751||Rs 1,095,514|
|April 2024||Rs 8,216||Rs 22,921||Rs 1,072,593|
|May 2024||Rs 8,044||Rs 23,093||Rs 1,049,500|
|June 2024||Rs 7,871||Rs 23,266||Rs 1,026,233|
|July 2024||Rs 7,697||Rs 23,441||Rs 1,002,793|
|August 2024||Rs 7,521||Rs 23,617||Rs 979,176|
|September 2024||Rs 7,344||Rs 23,794||Rs 955,382|
|October 2024||Rs 7,165||Rs 23,972||Rs 931,410|
|November 2024||Rs 6,986||Rs 24,152||Rs 907,258|
|December 2024||Rs 6,804||Rs 24,333||Rs 882,925|
|2024||Rs 93,317||Rs 280,334||Rs 882,925|
|January 2025||Rs 6,622||Rs 24,516||Rs 858,409|
|February 2025||Rs 6,438||Rs 24,699||Rs 833,710|
|March 2025||Rs 6,253||Rs 24,885||Rs 808,825|
|April 2025||Rs 6,066||Rs 25,071||Rs 783,754|
|May 2025||Rs 5,878||Rs 25,259||Rs 758,495|
|June 2025||Rs 5,689||Rs 25,449||Rs 733,046|
|July 2025||Rs 5,498||Rs 25,640||Rs 707,406|
|August 2025||Rs 5,306||Rs 25,832||Rs 681,574|
|September 2025||Rs 5,112||Rs 26,026||Rs 655,548|
|October 2025||Rs 4,917||Rs 26,221||Rs 629,327|
|November 2025||Rs 4,720||Rs 26,418||Rs 602,910|
|December 2025||Rs 4,522||Rs 26,616||Rs 576,294|
|2025||Rs 67,019||Rs 306,631||Rs 576,294|
|January 2026||Rs 4,322||Rs 26,815||Rs 549,479|
|February 2026||Rs 4,121||Rs 27,016||Rs 522,462|
|March 2026||Rs 3,918||Rs 27,219||Rs 495,243|
|April 2026||Rs 3,714||Rs 27,423||Rs 467,820|
|May 2026||Rs 3,509||Rs 27,629||Rs 440,191|
|June 2026||Rs 3,301||Rs 27,836||Rs 412,355|
|July 2026||Rs 3,093||Rs 28,045||Rs 384,310|
|August 2026||Rs 2,882||Rs 28,255||Rs 356,055|
|September 2026||Rs 2,670||Rs 28,467||Rs 327,588|
|October 2026||Rs 2,457||Rs 28,681||Rs 298,907|
|November 2026||Rs 2,242||Rs 28,896||Rs 270,011|
|December 2026||Rs 2,025||Rs 29,112||Rs 240,899|
|2026||Rs 38,255||Rs 335,395||Rs 240,899|
|January 2027||Rs1,807||Rs 29,331||Rs 211,568|
|February 2027||Rs1,587||Rs 29,551||Rs182,017|
|March 2027||Rs1,365||Rs 29,772||Rs152,245|
|April 2027||Rs1,142||Rs 29,996||Rs 122,249|
|May 2027||Rs 917||Rs 30,221||Rs 92,029|
|June 2027||Rs 690||Rs 30,447||Rs 61,581|
|July 2027||Rs 462||Rs 30,676||Rs 30,906|
|August 2027||Rs 232||Rs 30,906||Rs 0|
|2027||Rs 8,201||Rs 240,899||Rs 0|
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Frequently Asked Questions (FAQs)
What is the Rate of Interest on business loans in Yes Bank?
Yes bank offers business loans at attractive interest rates ranging from 13.25% to 19.99%.
Can I get a business loan of 10 lakhs from Yes bank?
You can easily secure a business loan worth INR 10 lakhs to cope with day-to-day business activities. However you must prove yourself as a credible borrower, from a lenders’ perspective. A good business turnover, on-time repayment history, good credit score, and appropriate documents will make everything fall on the track.
What are the EMI formulae for a business loan from Yes bank?
The YES bank business loan EMI calculation formula is P x R ( 1 + R ) ^ N / ( 1 + R ) ^ N ) – 1 ). Here, P is the principal, N is the repayment tenure, and R is the interest rate.
Will business loan EMI change in case of prepayment in Yes bank?
Yes, when you decide to make the part prepayment, the principal amount gets reduced. As a result, your overall monthly instalment drops significantly, based on the prepayment amount.
Why should I calculate Yes bank business loan EMI before taking a loan?
Calculating YES bank business loan EMI before applying for a loan helps you to determine whether you can afford the repayment or not. Additionally, you get the option to make an informed decision. Having important figures in hand helps you understand how much you will have to keep aside to repay the borrowed amount promptly.
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