- 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

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Instant Personal Loan
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6cr+Satisfied Customers
30+Lending Partners
₹65k Cr+Loans Disbursed
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End-to-End Expert Assistance
Minimal Documentation Needed

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About Equitas Small Finance Bank Personal Loan
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:
Equitas Bank Personal Loan Documents
Find below the basic personal loan documents required by Equitas Small Finance Bank for personal loan:
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Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*







