YES Bank Loan Against Property (LAP) Calculator

The YES Bank Loan Against Property EMI calculator is a self-help tool that allows the recipients of the loan to estimate their EMI amount for a Loan against Property. The YES Bank LAP calculator employs sophisticated technology to compute the monthly amount to provide the user with the EMI amount on loan. The calculator is easy to use and allows the user to compare multiple values to find the one that aligns with their budgetary goals.

YES Bank is one of India's most renowned brands in the banking industry. They offer various investment and financial products designed to cater to the requirements of the customer base in the country. The bank offers lucrative interest rates to the loan recipients in the Loan Against Property scheme due to the secured nature of the loan. The customer base can employ the funds raised from the loan for the following purposes:

• Higher Education 
• Wedding Expenses 
• Medical Emergencies. 

Why Should You Use the YES Bank LAP EMI Calculator?

The YES Bank Loan Against Property EMI Calculator allows users to calculate the EMI payable against the loan. A YES Bank LAP EMI Calculator provides the following benefits to the users.

• The user can accurately compute the EMI amount on YES Bank Loan Against Property. This tool is powered by sophisticated technology that facilitates real-time calculations.
• YES Bank LAP EMI calculator users can mention multiple values on the fields featured on the calculator. This enables them to compare the varying EMI amount with respect to the various fields, interest rates and loan amounts. Users must mention the current interest rates to get an accurate estimate of the loan amount.
• Users can also review the amortisation table using the YES Bank LAP EMI calculator. This table provides a detailed account of the repayment schedule and a breakdown of the EMIs between principal and interest.
• The calculator allows users to review the outstanding balance of the loan amount during a specific period in the loan tenure. YES Bank LAP EMI Calculator helps the loan receipt to pre-plan their repayment process, In case they want to avail of facilities such as prepayments.

Estimating EMIs through a YES Bank Loan Against Property Calculator

Users can employ the YES Bank LAP EMI calculator to compute the EMIs at varying tenures and loan amounts.

The following table showcases the EMI amount of a loan against property concerning varying tenures. The interest rate on the LAP is 9% per annum.

Amount	Tenure
	10 Years	15 Years	20 Years
Rs 20 Lakhs	Rs 25,335	Rs 20,285	Rs 17,995
Rs 25 Lakhs	Rs 31,669	Rs 25,357	Rs 22,493
Rs 30 Lakhs	Rs 38,003	Rs 30,428	Rs 26,992
Rs 40 Lakhs	Rs 50,670	Rs 40,571	Rs 35,989

Factors Affecting YES Bank Bank Property Loan EMI

The YES Bank Loan Against property is a secured loan that allows borrowers to raise funds against collateral pledged. The following factors impact the EMI amount on loans against property.

Loan Amount

The loan amount on the YES Bank LAP impacts the EMI amount. If a borrower borrows a large amount against the property, then the EMI payments would automatically be notable. However, if the amount borrowed is comparatively small, it would also be reflected in the EMIs.

Interest Rate 

The interest rates are the fee charged by the bank for providing funds to applicants. A high-interest rate would increase the cost of the loan. That is why one must meticulously research interest rates offered by various banks and institutions to avail of the best schemes. 

Loan Tenure 

The tenure of the loan also impacts the EMI amount. It is one of the few factors an applicant can use to their advantage. It is the only factor that is inversely proportional to the EMIs. A lengthy loan repayment tenure would reduce the EMI amount and make the repayment more manageable. 

Comparison of YES Bank Loan Against Property Interest Rate with Other Banks

The following table showcases interest rates offered by top financial institutions and banks in the country under the Loan against Property scheme.

Banks	Interest Rates (Per Annum)
YES Bank	12% onwards
SBI	9.00% - 11.90%
India Bulls	9.25% onwards
Karur Vysya Bank	9.25% onwards
Indian Overseas Bank	9.65% onwards
HSBC Bank	9.80% onwards
ICICI Bank	9.75% - 10.90%
Axis Bank	9.00% - 10.35%
Kotak Mahindra Bank	9.50% - 11.70%

YES Bank Loan Against Property Amortisation Calculator

The YES Bank Loan against Property provides a month-wise breakdown of the principal and interest. It gives a detailed account to the borrower regarding the composition of the interest and principal of an EMI. Borrowers can also review the outstanding balance at a particular period to plan the repayment. Let us take an example for a better understanding.

Suppose you’ve taken a loan against the property of Rs 10 Lakhs from YES Bank by pledging collateral. The interest rate is 9%, and the tenure determined to repay the loan is ten years. The following table showcases the amortisation schedule of the repayment of the loan.

Year	Interest	Principal	EMI	Outstanding Balance
2023	Rs 7,057	Rs 5,610	Rs 12,668	Rs 9,35,366
2024	Rs 6,531	Rs 6,137	Rs 12,668	Rs 8,64,669
2025	Rs 5,955	Rs 6,712	Rs 12,668	Rs 787,340
2026	Rs 5,326	Rs 7,342	Rs 12,668	Rs 7,02,575
2027	Rs 4,697	Rs 8,031	Rs 12,668	Rs 6,10,240
2028	Rs 3,884	Rs 8,784	Rs 12,668	Rs 5,09,044
2029	Rs 3,060	Rs 9,680	Rs 12,668	Rs 3,98,355
2030	Rs 2,178	Rs 10,509	Rs 12,668	Rs 2,77,282
2031	Rs 1,178	Rs 11,495	Rs 12,668	Rs 1,44,853
2032	Rs 94	Rs 12,573	Rs 12,668	Rs 0

YES Bank Bank Loan Against Property Fees and Charges

YES Bank levies the following fees to process Loan against Property application: 

Service	Fees
Processing Fee	2% of the Loan Amount
Login Fee	Rs 10,000
Prepayment Fee	Nil
Part-Prepayment Fees	Nil (For individuals)  Up to 25% of the loan amount in a Financial Year (Non-individuals or entities)  4% along with GST (In case the prepayment is more 25% of the loan amount)
Foreclosure Charges	Nil (For individuals)  4% plus GST of the principal Outstanding
Account Maintainance Charges	Term Loan: Nil  Lease Rental Discounting: Rs 10,000 (payable only once)  Overdraft: Rs 5,000
Commitment Charges	Term Loan and Lease Rental Discounting: Not Applicable Rs 5,000 per Quarter for up to Rs 1 Crore Rs 7,500 per Quarter for Rs 1 Crore to Rs 3 Crores  Rs 10,000
Conversion/Switch Fees	0.5% of the principal outstanding
Date Change Request (EMI Cycle)	Rs 500 per request
Cancellation Charges (Loan)	Rs 5,000 per request
Duplicate NOC	Rs 100 per request