What is ESAF Bank Personal Loan Interest Rate?

The ESAF personal loan interest rate usually ranges from 12.19% to 20.00% per annum. However, these rates vary based on several factors. Some include the loan amount, borrower’s credit score, income stability, and whether the loan is salaried or pension-backed. I have shared more details on it below.

What is the ESAF Small Finance Bank Personal Loan Interest Rate?

Your credit score, loan size, and tenure will all affect the exact rate you get. The product is aimed at meeting a diverse set of borrower needs from life events like weddings and medical treatment to consolidating debt or funding a dream vacation. When evaluating an applicant, ESAF considers income level, credit history, and existing liabilities.

• Applicants with strong credit profiles and steady income are likely to be offered the lower end of the interest band (close to 10.56%), while those in higher-risk categories may receive rates nearer to the upper limit (17.50%).

• The bank provides flexible repayment tenures. 

• As a small finance bank, ESAF emphasizes financial inclusion, offering competitive rates to salaried individuals, pensioners, and potentially self-employed borrowers, ensuring wide accessibility.

I suggest you contact the ESAF Small Finance Bank to get the exact rate as per your loan requirements.

The ESAF personal loan interest rate usually ranges from 12.19% to 20.00% per annum. However, these rates vary based on several factors. Some include the loan amount, borrower’s credit score, income stability, and whether the loan is salaried or pension-backed. I have shared more details on it below.

What is the ESAF Small Finance Bank Personal Loan Interest Rate?

Your credit score, loan size, and tenure will all affect the exact rate you get. The product is aimed at meeting a diverse set of borrower needs from life events like weddings and medical treatment to consolidating debt or funding a dream vacation. When evaluating an applicant, ESAF considers income level, credit history, and existing liabilities.

• Applicants with strong credit profiles and steady income are likely to be offered the lower end of the interest band (close to 10.56%), while those in higher-risk categories may receive rates nearer to the upper limit (17.50%).

• The bank provides flexible repayment tenures. 

• As a small finance bank, ESAF emphasizes financial inclusion, offering competitive rates to salaried individuals, pensioners, and potentially self-employed borrowers, ensuring wide accessibility.

I suggest you contact the ESAF Small Finance Bank to get the exact rate as per your loan requirements.

I recently checked out the personal loan interest rates offered by ESAF personal loan interest rate, as I was planning to opt for one. I learned that the bank\'s interest rates are around 12.19% to 20%. But, this could vary depending on a few factors, such as credit score, monthly income, job profile, and reputation for the company that you work in. 

How Much is the ESAF Bank Personal Loan Interest Rate?

As I mentioned above, the interest rate is between 12.19% to 20% p.a., but it could change based on a few factors. Apart from the interest rate, I have also learned about a few more things, which I have added to the below table. 

This is everything that I have learned from my research. I have planned to apply for the loan, and now I am gathering all the documents that I have to submit for the loan. I hope this helps. 

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Which Bank has Lowest Interest Rate on Personal Loan?

I heard from a friend that the ESAF personal loan interest rate is between 12.19% and 20% p.a. This rate varies based on the credit score of the applicant, source of income, tenure and other factors. Let me share everything I know about this bank.

What is the Current ESAF Bank Personal Loan Interest Rate?

The ESAF Small Finance Bank Personal Loan Interest Rate is between 12.19% and 20% p.a. Some other aspects that you must know about ESAF personal loan are:

You can easily apply for the ESAF Personal Loan online on the

website. All you have to do is

• Click on the Apply Online option

• Enter your name, mobile number, email and other details

• Select the checkbox against- I declare that information….

• Tap on Submit and then proceed

It will just take a few minutes to complete the process and apply for a personal loan.

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