Yes Bank Business Loan Calculator

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 )

Where,

• 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