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Equitas Bank Personal Loan

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Highest Approval Chances

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Hassle-Free Digital Application Process

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End-to-End Expert Assistance

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Minimal Documentation Needed

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2839 Reviews

51M+Satisfied Customers
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800+Cities across India

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About Equitas Small Finance Bank Personal Loan

  • Consumers can avail Equitas Small Finance Bank personal loans on competitive interest rates to meet personal different financial needs.
  • With the Paisabazaar platform applicants can experience a seamless digital loan process and end-to-end expert assistance.
  • The consumer’s loan approval is based on his/her repayment capacity and creditworthiness.
  • Equitas Small Finance Bank personal loans are disbursed quickly and require minimal documentation.
  • These personal loans can be repaid over a flexible tenure and need no collateral or security.

Equitas Bank Personal Loan Highlights

Interest rate 10.49% p.a.to 15% p.a.
Loan amount Rs. 2 lakh onwards
Repayment tenure From 12 months to 5 years
Processing fee Up to 3% of the loan amount plus applicable charges

Equitas Personal Loan Interest Rate

The interest rates of Equitas Bank Microfinance loans range between 10.49% to 15% p.a. While Equitas Small Finance Bank has not disclosed the interest rates for its MSME loan, it has mentioned that the interest rates for MSME loans are linked to FBIL 3-month Treasury Bill rate.

Also read: What are the personal loan interest rates offered by top banks/NBFCs?

Fees & Charges of Equitas Personal Loan

Processing Fee for Personal Loan

Processing Fee Up to 3% of the sanctioned loan amount + applicable taxes

Fees & Charges for Equitas Personal Loan

Nature of Charge/Fee Actual Charges (Excluding GST)
Penal Charges Up to 3% per month for the delayed days on the EMI overdue from EMI due date till its payment date
Part-prepayment Charges 2% on the repayment amount (After 6 months)
Fore-closure Charges 2% on the principal outstanding on the date of closure (After 12 months of disbursement)
EMI Return(Cheque/NACH/ES) Charges Rs. 500 per instance
Credit Shield As applicable

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Eligibility Criteria for Equitas Bank Personal Loan

The below mentioned is the eligibility criteria as defined by the Equitas Bank for the personal loan:

  • Applicant should be a resident customer
  • Age: 23 years to 55 years at time of availing the loan
  • Salaried individual with minimum net take home salary of Rs. 40000 or above
  • Bureau Score should be 728 or above

Equitas Bank Personal Loan Documents

Find below the basic personal loan documents required by Equitas Small Finance Bank for personal loan:

  • Valid Aadhaar
  • PAN Card
  • Latest 6 month bank statement where salary is being credited

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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What our customers say

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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The loan was approved the same day — super smooth and transparent process.

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Apke yaha itna acha interest rate mil gya market mei sabse kum and service toh aur bhi achi h. thank you.

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Your website is the best to apply for a personal loan. Got my loan disbursed within 3 days. So easy and hassle-free.

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I got my loan approved within 24 hours. The process was fast, transparent, and reliable, exactly what I was looking for.

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I was able to compare offers from multiple lenders on a single platform. This not only made my search easy but also saved a lot of time which was otherwise not possible if I checked with different lenders separately.

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Quickest Disbursal and Best Offer

I have got a personal loan from other platforms in the past. But your website is the quickest and the easiest place to get a loan. Great work!

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Sachin SharmaNov 25, 2025

Super easy loan process and free credit score too

I was unsure about eligibility, but the platform showed instant offers based on my credit score.

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