ESAF Small Finance Bank Personal Loan

ESAF Personal Loan interest rates range between 12.19% to 20% p.a. for loan amounts of up to Rs 5 lakh and repayment tenures of up to 35 months. The bank claims to take 2 days on loan credit decision after the borrower has submitted all the personal loan documents. The bank also offers the facility of salary overdraft for salary account holders of ESAF Bank.

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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 Fee6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto 40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
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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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 ESAF Small Finance Bank Personal Loan

  • Interest rate- 12.19% to 20% p.a.
  • Repayment tenure-
    • Regular Personal Loan: 12 to 35 months
    • Salary Overdraft: renewable every 12 months
  • Loan amount-
    • Regular 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

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

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.

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

  • Regular 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.

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ESAF Personal Loan Eligibility Criteria

For Regular 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

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

Avail Personal Loan For
All Your Needs

Avail Personal Loan Banner
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What our customers say

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I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Feedback - Customer support

I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

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Exceptional Support During Loan Process

I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

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Abhishek ThakurSep 1, 2025

Outstanding Assistance from Ms. Seema Kumari

I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

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Abdul ShaikhAug 23, 2025

Excellent Support and Guidance from Ms. Yashi Saxena

I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

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Loan from paisabaAar

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DeeptiAug 2, 2025

Compare and Applied

Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

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