Private Sector BankSalaried Employeesunsecured

Yes Bank mPower Personal Loan

यस बैंक एमपावर पर्सनल लोन

Yes Bank personal loan for salaried professionals up to ₹40 Lakhs with instant digital in-principle sanction.

Max Loan Amount

₹50,000 to ₹40,00,000

Interest Rate

10.75% - 20.00% p.a. (risk-grade fixed)

Tenure

12 to 60 months

Processing Fee

Up to 2.50% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Yes Bank's primary retail personal credit facility designed for salaried professionals working in established corporate companies, government departments, and educational institutions.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• 12-month lock-in before any foreclosure or part-payment is permitted. • Foreclosure penalty of 4% + GST applies after 12 months. • Minimum net monthly income requirement of ₹25,000.

✦ Key Benefits & Features

• High loan quantum up to ₹40 Lakhs without pledging assets • 100% digital end-to-end application via Yes Robot and Iris mobile app • Fast sanction turnaround time within hours • Flexible EMI repayment structure.

✦ Prepayment, Part-Payment & Foreclosure Rules

12-month lock-in period; foreclosure charges 4% + GST after 12 months.

✦ Eligibility Requirements

Confirmed permanent salaried employees in private limited companies, MNCs, and PSUs. Min Age: 21, Max Age: 60. Min Net Monthly Salary: ₹25,000. Min CIBIL: 720.

Min Age21 Years

Max Age60 Years

Min Monthly Income₹25,000

Min CIBIL Score720+

✦ Documents Required

• Identity & Address Proof: PAN Card, Aadhaar Card • Employment Proof: Employee ID card, appointment letter • Financial Proof: Last 3 months payslips, latest Form 16 • Bank Statement: Last 6 months bank statement showing salary credits.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Log into Yes Bank Iris mobile app > Loans > mPower Personal Loan. Review pre-approved limit and e-sign.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit yesbank.in > Personal Loans. Submit mobile number, PAN, and link bank statement via Account Aggregator.

Pathway C

Branch Walk-In Application

1. Visit nearest Yes Bank branch with 3 months salary slips, Form 16, and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Yes Bank Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Yes Bank mPower Personal Loan

What is the maximum loan limit in Yes Bank?

Up to ₹40 Lakhs depending on your net monthly salary and credit score.

What is the foreclosure charge?

4% plus GST on the principal outstanding after the initial 12-month lock-in period.

What is the minimum credit score required?

A minimum CIBIL score of 720 is recommended.