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ESAF Small Finance Bank Personal Loan

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Hassle-Free Application Process

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Highest Approval Chances

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End-to-End Expert Assistance

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Minimal Documentation Required

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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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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 ESAF Small Finance Bank Personal Loan

  • ESAF Small Finance Bank personal loans are offered at competitive interest rates and can be availed to meet personal different financial needs.
  • Applicants who apply through the Paisabazaar platform can experience a hassle-free digital personal loan process and end-to-end expert assistance.
  • The applicant’s loan approval depends on his/her repayment capacity and creditworthiness.
  • ESAF Small Finance Bank personal loans are disbursed quickly and have a minimal documentation requirement.
  • These personal loans offer flexible repayment terms and require zero collateral.

ESAF Small Finance Bank Personal Loan Highlights

  • 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.

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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.

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

Explore Our Personal Loan Lenders

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All Your Needs

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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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Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Same day approval. wow.

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

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Paisabazaar helped me compare multiple loan offers in minutes, and I got the best rate without any paperwork.

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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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Got the best interest rate on your website. Best assistance and seamless experience.

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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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Nikita SharmaDec 2, 2025

Fast loan approval

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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