ESAF Small Finance Bank Home Loan

ESAF Small Finance Bank Home Loan Highlights – 2025
Interest Rate	7.77% p.a. -17.50% p.a.
Loan Amount	Dream Home Loan: Up to Rs 1 crore Micro Housing Loan: Up to Rs 20 lakh
Loan Tenure	Dream Home Loan: Up to 25 years Micro Housing Loan: Up to 20 years
Loan to Value (LTV) Ratio	Micro Housing Loan: Up to 80% of the construction or purchase cost Dream Home Loan: Although the lender has not specified the LTV ratio for Dream Home Loan, the RBI has stipulated that home loan lenders can provide LTV ratios of up to 90% of property cost. The upper limits prescribed by the RBI on home loan LTV ratio as per the loan amounts are as follows: Up to 90% of property cost for loan amount of up to Rs 30 lakh, Up to 80% of property cost for loan amount above Rs 30 lakh and up to Rs 75 lakh Up to 75% of property cost for loan amount above Rs 75 lakh
Processing fees	Dream Home Loan: 1% of the loan amount plus GST Micro Housing Loan: 2% of the loan amount plus GST

Note: Interest rates as on 23 Dec 2024

Table of Contents Interest Rates Compare Interest Rates offered by other Lenders Fees and Charges Types of ESAF Small Finance Home Loan Eligibility Criteria Documents Required

ESAF Small Finance Bank Home Loan Interest Rates

ESAF Small Finance Bank home loan interest rates start from 7.77% p.a. onwards. The lender has specified its home loan interest rate differentiation based on the type of home loan schemes.

Loan Type	Interest Rate (p.a.)
Micro Housing Loan	10.56%-17.50%
Dream Home Loan	7.77%-13.20%

Compare Interest Rates on Home Loans for Top Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards	Check Eligibility
SBI	8.50%-9.85% p.a.	8.50%-9.85% p.a.	8.50%-9.85% p.a.	Check Eligibility
HDFC Bank Limited	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
LIC Housing Finance	8.50% - 11.25% p.a.	8.50% - 10.55% p.a.	8.50% - 10.75% p.a.	Check Eligibility
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Check Eligibility
Punjab National Bank	8.45% - 10.25% p.a.	8.40% - 10.15% p.a.	8.40% - 10.15% p.a.	Check Eligibility
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.	Check Eligibility
IDFC First Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Check Eligibility
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility

Fees and Charges for ESAF Small Finance Bank Home Loan

ESAF Small Finance Bank Home Loan Processing fees

Particulars	Rates
Processing fees	Dream Home Loan: 1% of the loan amount plus GST Micro Housing Loan: 2% of the loan amount plus GST

ESAF Small Finance Bank Home Loan Prepayment/Foreclosure Charges

Particulars	Rates
Foreclosure Charges	For Dream Home Loan: Nil For Micro Housing Loan: 6 months to 1 year – 4% plus GST Above 1 year to 2 years – 3% plus GST Above 2 years to 3 years – 2% plus GST

Other Charges related to ESAF Small Finance Bank Home Loans

Particulars	Rates
Login fee	Rs 3,000 plus GST
Legal fees and technical evaluation charges	Actuals
Stamp duty and other statutory charges	Applicable as per the Stamp Act of the respective state
Documentation charges	Rs 10,000 plus GST
NACH/Cheque return charges	Rs 500 plus GST
Overdue interest	30% p.a.

Types of ESAF Small Finance Bank Home Loan

Dream Housing Loan

• Loan amount: Rs 5 lakh to Rs 1 crore
• Loan tenure: Up to 25 years
• LTV ratio: While ESAF Small Finance Bank has not specified the LTV ratio for this scheme, the RBI’s guidelines has imposed the following upper limit on the LTV ratio for home loans based on the home loan amount:

Home Loan Amount	Home Loan LTV Ratio
Up to Rs 30 lakh	Up to 90% of total cost of property
Above Rs 30 lakh and up to Rs 75 lakh	Up to 80% of total cost of property
Above Rs 75 lakh	Up to 75% of total cost of property

Note: The final LTV ratio offered to the home loan applicants would depend on their credit profile, subject to the upper caps on home loan LTV ratios set by the RBI.

Micro Housing Loan

• Loan amount: Rs 10 lakh to Rs 25 lakh
• Loan tenure: Up to 30 years
• LTV ratio: Up to 80% of the property value

ESAF Small Finance Bank Home Loan Eligibility Criteria

ESAF Small Finance Bank has set the following eligibility criteria for its home loan applicants:

• Age: 18 – 65 years at the time of loan sanction with the home loan borrower’s age not exceeding 70 years at the time of loan closure
• Domicile status in the area: 3 years
• The lender requires a co-applicant for the loan

Additionally, ESAF Small Finance Bank will determine the home loan eligibility criteria of its loan applicants based on their credit assessment and monthly disposable / surplus income. The lender will also check if the loan applicant has adequate cash flow to meet the EMIs of the proposed home loan.

Documents required for ESAF Small Finance Bank Home Loan

The home loan documents required for availing housing loans from ESAF Small Finance Bank are as follows:

Dream Housing Loan

• Aadhaar card
• Pan card
• Voter ID, Passport or Driving License

Micro Housing Loan

• 2 Valid KYC Documents as per the bank policy
• Copies of title deed
• Last 13 years encumbrance certificate
• Prior title deed copies, wherever applicable
• Construction plan and total estimate
• Location certificate
• Latest land tax receipt
• Required NOC/approval from govt. authorities

Note: ESAF Small Finance Bank may ask its loan applicants to submit additional home loan documents, apart from the ones mentioned above, based on their requirements and the loan applicant’s profile.