ESAF Small Finance Bank Personal Loan

Disclaimer: ESAF Small Finance Bank is not a Paisabazaar partner for personal loan and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to ESAF for personal loans. No offers/services from ESAF are being provided by Paisabazaar for personal loans. For further information about ESAF for personal loans, users are required to reach out directly to ESAF.

ESAF Small Finance Bank Personal Loan Highlights
Interest rate	12.19% to 20% p.a.
Repayment tenure	Personal loan: 12 to 35 months
	Salary overdraft: renewable every 12 months
Loan amount	Personal loan: Rs 50,000 to Rs 5 lakh Salary Overdraft: Rs 25,000 to Rs 3 lakh
Processing fee	1%  of the loan amount + applicable charges

Note: For Salary Overdraft the Overdraft is of up to 3 times of the monthly Salary for Salary accounts maintained with ESAF bank.

Interest rates as of 24th Dec 2024

ESAF Small Finance Bank Personal Loan Interest Rate

ESAF Bank Personal Loan interest rates range between 12.19% p.a. to 20% p.a. The final personal loan interest rates offered to the loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the personal loan applicant.

Comparison of Personal Loan Interest Rates of Top Banks/NBFCs

Banks/NBFCs	Interest Rates(p.a.)
Axis Bank	11.25% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.99% onwards	Apply Now
HDFC Bank	10.85% onwards	Apply Now
ICICI Bank	10.85% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
Tata Capital	11.99% onwards	Apply Now
Federal Bank	12.00% onwards	Apply Now
DMI Finance	Up to 28%	Apply Now
L&T Finance	12.00% onwards	Apply Now
Kreditbee	16.00% - 29.95%	Apply Now
MoneyTap	13.00% onwards	Apply Now
Piramal Finance	12.70% onwards	Apply Now
Aditya Birla	10.99% onwards	Apply Now
Moneyview	14%-36%	Apply Now
Cashe	27.00% onwards	Apply Now

Fees and Charges of ESAF Personal Loan

Processing fee

ESAF Bank charges a processing fee of 1% of the loan amount plus applicable charges.

Other Fees and Charges

Prepayment/Foreclosure charges	NA
Stamp duty & other statutory	As per state’s Stamp Act
Login fee	NA
Legal fee and technical valuation charges	NA
Documentation charges	NA
NACH/Cheque return charges	Rs 500 +GST
Overdue interest	30% p.a.

Types of ESAF Personal Loan

• Personal Loan: Borrowers can use loan proceeds for meeting their various financial needs related to wedding, medical emergencies, home renovation, higher education, etc.
• Salary Overdraft: It is an overdraft facility on salary for the existing customers who have maintained a salary account with ESAF Bank. Customers can get an overdraft of up to 3 times of their monthly salary.

ESAF Personal Loan Eligibility Criteria

For Personal Loan:

• Employees working in Nifty Top 100 Companies, Navaratnas, Government, PSUs, Private and Nationalised Banks, State/District level Co-operatives, Public limited companies, Hospitals, Educational Institutions
• Regular pensioners (minimum monthly pension amount should be Rs 20,000)

For Salary Overdraft:

• Employees having 1 year vintage in their current organisation
• Salary savings account with ESAF Bank

ESAF Personal Loan Documents Required

Identity Proof Documents  (common to all):

• Adhaar Card
• Voter ID Card
• PAN Card
• Passport
• Driving Licence

Address Proof Documents (common to all):

• Adhaar Card
• Voter ID
• Driving Licence
• Utility bill (electricity, water, gas etc)

Documents for salaried applicants:

• Salary slips for 3 months
• Bank account statement for 6 months evidencing salary credit

Documents for pensioners

• Pension book/Pensioner’s ID card
• Bank account statement for 6 months evidencing pension credit

Documents for Salary Overdraft:

• Salary slips for 3 months