Yes Bank Car Loan EMI Calculator

Dreaming of driving home your dream car? The YES BANK Car Loan EMI Calculator is the perfect tool to help you plan your finances with ease. By entering just a few details—such as the loan amount, interest rate, and tenure—you can instantly get an accurate estimate of your monthly EMI. This user-friendly tool helps you stay financially ready before taking on a car loan commitment.

How to Use Wishfin YES Bank Car Loan EMI Calculator?

The Wishfin YES BANK Car Loan EMI Calculator offers a simple way to calculate your estimated monthly car loan payments.

You just need to enter 3 details:

1. Loan Amount
2. Tenure
3. Interest rate offered on a car loan

Example of YES Bank Car Loan EMI Calculator

For example, if you're planning to take a car loan of Rs 2,00,000 from YES Bank at an interest rate of 9.35% per annum for a loan tenure of 6 years.

The Lowest EMI available for a YES Bank Car Loan

Here is the table below explaining how the EMI Calculator works. The given details have been calculated using the Wishfin YES BANK Car Loan EMI Calculator on a loan amount of Rs 2,00,000 with a tenure of up to 6 years at an interest rate starting from 9.35% p.a. up to 10.75% p.a.

Formula for Calculating YES Bank Car Loan EMI

The formula used to calculate YES BANK Car Loan EMI (or any standard loan EMI) is:

Where:

• EMI = Equated Monthly Instalment
• P = Principal loan amount
• R = Monthly interest rate, calculated by dividing the annual interest rate by 12 and then by 100
• N = Loan tenure in months

Example:

If you take a loan of Rs 2,00,000 at an interest rate of 9.35% p.a. for 6 years (72 months):

• P = 200,000
• R = 9.35 / 12 / 100 = 0.00779
• N = 72

You can plug in these values in the formula to get your EMI, which will be approximately Rs 3,640 per month.

Eligible Applicants for YES Bank Car Loan

YES BANK car loans are available to salaried individuals, self-employed professionals, proprietors, partnership firms, and both public and private limited companies.

Required Documents For YES BANK Car Loan

• KYC and Address Proof
• Ownership Proof of Existing Vehicles – Include registration details (RC Book)
• Bank Statement – Last 6 months
• Repayment History – If any existing loans
• Income Proof – ITRs for the last 2 financial years, along with audited balance sheet, P&L statement, and calculated income (if applicable)

YES Bank Car Loan – Charges Summary

Pre-Disbursement Charges

Post-Disbursement Charges

Part Prepayment

• Allowed after completion of 12 EMIs

Charges :

• 13–24 Months: 5% on prepayment amount
• After 24 Months: 3% of the prepayment amount

Conditions :

• Max 2 prepayments allowed during tenure
• Each part prepayment should not be more than 25% of the remaining loan principal.

Top Benefits of Yes Bank Car Loan

• Flexible Financing : Customised loan solutions to suit various customer profiles.
• High Loan-to-Value : Get up to 100% financing on chassis cost and up to 90% on fully built vehicles.
• Minimal Documentation : Enjoy a smooth and simple documentation process.
• Convenient Repayment : Flexible repayment tenure of up to 60 months.
• 100% On-Road Funding: Finance your car fully with up to 100% on-road funding—drive home with zero upfront stress.
• Flexible Loan Tenure: Enjoy a favorable loan tenure of up to 96* months, making repayments more manageable.
• Attractive Interest Rates: Benefit from competitive interest rates that help lower your monthly EMIs.
• Multiple Repayment Options: Choose from a range of structured repayment schemes tailored to suit your financial comfort.
• Instant Loan Sanction with YES ROBOT: Get your car loan sanctioned instantly and hassle-free through the YES ROBOT platform.

Summary!

The YES BANK Car Loan EMI Calculator is a simple and effective online tool that helps you estimate your monthly EMIs in advance. By entering the loan amount, interest rate, and tenure, you can instantly view your EMI amount, total interest payable, and overall loan cost. This allows you to compare different loan options and plan your finances smartly, ensuring that your car purchase stays within your budget. It's a hassle-free way to make informed borrowing decisions and choose the most suitable repayment plan.