Yes Bank EMI: what it really costs

Interest, processing fee and closing charges from Yes Bank's own documents, checked on 26 October 2026.

Instant EMI

Credit card EMI at checkout

Interest: Not stated by the bank
Processing fee: ₹299 plus GST
Closing early: 4% of the amount still owed, plus GST
On no-cost EMI: The shop's discount equals the interest, but "may vary" from what your statement shows. The ₹299 fee still applies.
Smallest purchase: ₹1,500

Source: www.yes.bank.in

Why no cost EMI is not free

Every card EMI is a loan. On a no-cost EMI the shop gives a discount equal to the bank's interest, so the instalments add up to the price.
The bank still bills 18% GST on that interest every month.
Most banks charge a processing fee, plus GST, to set up the EMI.
Sale offers often give a bigger discount for paying in full, which you give up by choosing EMI.

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