YES Bank Education Loan EMI Calculator

What is the YES Bank Education Loan EMI Calculator?

The YES Bank education loan EMI calculator helps borrowers estimate the EMI they may need to pay each month after repayment starts. The EMI mainly depends on:

• Loan amount
• Interest rate
• Repayment tenure

Students planning to study in India or abroad can first use the education loan EMI calculator to determine whether the repayment amount fits their budget.

How to Use the YES Bank Education Loan EMI Calculator?

Using the Yes Bank education loan EMI calculator is simple.

• Enter the education loan amount required.
• Add the applicable interest rate.
• Select the repayment tenure in years.
• The calculator will show the estimated EMI amount instantly.
• Different loan amounts and tenures can also be checked to compare EMI options.

Yes Bank Education Loan EMI Calculation Formula and Example

YES Bank Education loan EMI is calculated using a standard formula.

E = [P x r x (1+r)^n] / [(1+r)^n – 1]

Where:

• P means the loan amount.
• R means the monthly interest rate.
• n means repayment period in months.

Suppose the education loan amount is ₹10 lakh. The interest rate is 11.5% per year, and the repayment tenure is 10 years.

So here:

• Loan amount = ₹10,00,000
• Interest rate = 11.5% yearly
• Tenure = 120 months

After the calculation, the EMI comes to nearly ₹14,050 every month. If the repayment period is extended, the EMI decreases. But over time, the total interest paid becomes higher.

YES Bank Education Loan Interest Rates

YES Bank education loan interest rates are determined based on factors such as the course, institute, loan amount, repayment profile, and collateral requirements. The bank offers education loans for both Indian and overseas studies.

Current Interest Rates for Domestic Education Loans

YES Bank provides education loans for undergraduate, postgraduate, diploma, technical, and professional courses in India.

For domestic education loans:

• Interest rates generally start at around 10.85%.
• The repayment tenure can be up to 15 years for eligible borrowers.
• Both secured and collateral-free loan options are available.
• Loans can cover tuition fees, hostel charges, books, laptops, examination fees, and other education-related expenses.

The final loan amount and interest rate depend on the institute category, co-applicant income, academic profile, and repayment capacity.

Interest Rates for Education Loans Abroad

Students planning to study abroad can also apply for education loan for abroad studies through YES Bank. These loans can usually cover:

• Tuition fees
• Hostel and accommodation expenses
• Travel expenses
• Laptop and study material costs
• Examination and library charges

Interest rates for overseas education loans also generally start at around 11%. Higher loan amounts may require collateral depending on the applicant’s profile and university category.

Interest Rate Concessions and Special Schemes

In some cases, YES Bank may offer special schemes or more favourable loan terms to selected institutions and eligible applicants. The final interest rate is decided after reviewing the complete loan application.

YES Bank Education Loan EMI Table

The table below gives a rough idea of EMI amounts for different education loan values and repayment tenures. The actual EMI may still change depending on the applicable interest rate and approved loan terms.

EMI for ₹5 Lakh, ₹10 Lakh, ₹20 Lakh at Various Tenures

Loan Amount	Interest Rate	Tenure	Approx EMI
₹5 Lakh	11.5%	7 Years	₹8,740
₹10 Lakh	11.5%	10 Years	₹14,050
₹20 Lakh	11.5%	15 Years	₹23,370

YES Bank Education Loan Key Features

YES Bank offers education loans for higher studies in India and abroad, up to ₹1.5 crore. Loan features can vary depending on the course, institute, and loan amount.

Maximum Loan Amount and Collateral Requirements

YES Bank provides loans up to ₹1.5 crore for secured loans, and ₹50 lakh for unsecured loans. Collateral-free loan options are available for selected institutes and eligible students. Higher loan amounts generally require security or collateral support.

Eligible Courses and Universities

The bank offers loans for many recognised undergraduate, postgraduate, diploma, technical, and professional courses in India and overseas. Loan approval depends on the course type and institute category.

Moratorium Period Structure

Education loans usually come with a moratorium period. This generally includes the course duration, plus an additional 6-12 months after course completion before full EMI repayment starts.

YES Bank Education Loan Repayment Options

Education loan repayment can be managed in various ways, depending on the borrower’s preferences and loan terms.

EMI Repayment During Study: Is It Possible?

Yes. Some borrowers choose to pay simple interest or partial EMI during the study period itself. This helps reduce the repayment burden later after the moratorium period ends.

Prepayment and Foreclosure Rules

Borrowers can repay the education loan before the tenure ends if they wish to close the loan early. There are no foreclosure or prepayment charges.

Tax Benefit on YES Bank Education Loan

Under Section 80E of the Income-tax Act, borrowers may claim tax benefits on the interest paid on an education loan, subject to applicable conditions. This benefit is available for up to 8 years or until you pay off the interest, whichever comes first.

YES Bank vs IDFC First vs Axis Bank: EMI Comparison

Education loan EMI amounts can differ from one bank to another because education loan interest rates and repayment structures vary. The table below compares the approximate EMI for a ₹10 lakh education loan with a 10-year repayment tenure.

Bank	Approx Interest Rate	Tenure	Approx EMI
YES Bank	11.5%	10 Years	₹14,050
IDFC First Bank	11%	10 Years	₹13,775
Axis Bank	13%	10 Years	₹14,930

The EMI figures above are only estimates. The final EMI can still change depending on the approved interest rate and loan terms.