Loans
We have designed appropriate loan products that meet the needs of our customers. We understand that financial support is inevitable for holistic development of the society. With social upliftment as the prime focus area, our loan products are designed to cater to a multitude of customer segments. We provide a wide range of loans like micro housing loans & loans against property, business loans for entrepreneurs and ‘Agri’ loans to support farmers. Personal loans and micro financial loans are also provided by us to meet your needs.
| Timelines for conveying Credit decisions in Agri Business loans | |
| Loans up to Rs. 25, 000/- | Fortnight |
| Loans above Rs. 25, 000/- | Up to 9 weeks |
Business Loan
- Simplified documentation procedures
- Faster processing
Loan against Property
- For any lawful personal needs like meeting expenditure on education, marriage, healthcare, consolidating debts, other Family needs etc
Micro Housing Loan
- Construction (on self-owned plot)
- Extension & Repairs (of an existing residential dwelling unit by addition of rooms or building an additional floor)
- Purchase of flats (new & resale) & stand-alone house
- Balance Transfer
ESAF Haritha Loan
- 90% of the margin funded for limits upto 2.5 Lakhs
- Tenure period of 1-5 years
- Loan Amount: INR 50,000 to INR 5,00,000
Clean Energy Product Loan
- Upto 80% of margin will be funded
- Tenure period of 1-7 years
- Loan Amount: Upto Rs 10,00,000
Dream Home Loan
- Construction
- Balance Transfer
- Purchase
- Extension/Renovation
- Plot Plus Construction
MSME Loan
- Fastrack processing
- Flexible repayment options
- Simplified Documentation
ESAF Dairy Development Loan
- Upto 5 years
- Rs.1.6 lakh without margin & collateral
- Rs.10 lakh with 15% margin & collateral
Gold Loan
- Quick disbursement
- Hassle-free procedures
- Total security for your gold
ESAF Dream Educational Loan
- Education Loans for students aspiring to study abroad in foreign universities and make a career.
New Light Commercial Vehicle loan ( LCV)
Loans available for purchase of new Light commercial vehicle or refinance against new self-owned vehicleLease Rental Discounting (LRD Loan)
Loans available for business or personal purpose against monthly rent receivables from self-owned premises let out on rent.New Car Loan
Loans available for purchase of new Passenger Cars or refinance against new self-owned vehiclePersonal Loan
Loans available for personal purpose for customers with monthly salary or pension creditsSchool Loan
Loans available for development of School infrastructure, purchase of school buses, Solar installation on the school premise etcSalary Overdraft
Over draft of upto 3 times of the monthly Salary for Salary accounts maintained with ESAF bankThree-Wheeler Loan
Loans available for purchase of new three wheeler passenger or cargo vehiclesTwo-Wheeler Loan
Loans available for purchase of new two wheeler vehiclesUsed Car Loan
Loans available for purchase of used car or refinance on existing self-owned used cars.ESAF Kisan Credit Card (E- KCC)
For all agricultural activities including ancillary activities like developmental activities undertaken in the farm, vermi-composting, etcAgri Gold Loan
To meet expenses for short term Agricultural and allied activities based on the scale of finance.ESAF Farmer Interest Group Loan
This product is to serve the requirement of small loans for agriculture and allied-agriculture purposes.Trade Receivables e-Discounting System – (TReDS)
TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers. It facilitates the discounting of both invoices as well as bills of exchange. The three direct participants in the system are the SME (sellers), Corporate Entities (buyers) and the Financiers.ESAF FPO Finance
Type : Loan to Organization/ entity/ company, etc. Purpose : Credit support available for business activities of FPO and/or working capital requirementsESAF KISAN JYOTI (Overdraft/Term Loan)
To meet the post-harvest expenses, value addition to agriculture produce, maintenance of farm assets, farm development activities,...Kisan Pragati (Working Capital/ Term Loan)
For all Farm Credit, farm development, infrastructure, ancillary, agri & allied activities as identified by RBI, GoI.KISAN Saral(Working Capital/ Term Loan)
For all Farm Credit, farm development, infrastructure, ancillary (Food & Agro processing), agri & allied activities as identified by RBI, GoIESAF KISAN SAMPADA
Purpose A wide range of facilities under ESAF Kisan Sampada to support agro and food processing industries by financing processing units, machinery, and working capital needs, promoting value addition and profitability. Salient Features Fastrack processing Flexible repayment options Simplified Documentation Attractive Interest Rates Loan amount starting from Rs.51000 upto Rs.20 Crores Government Convergence- Avail Credit […]For more information on Platinum Lounges access: www.rupay.co.in/lounges
For more offers on Rupay Cards: www.rupay.co.in/rupay-international-offers & www.rupay.co.in/rupay-festive-carnival
For more information on account related charges: www.esafbank.com/schedule-of-charges
Debit card pin generation guideline : Click Here
Product Name
ESAF - Kisan Vriddhi (EKVL)
Purpose
- All type of farm asset maintenance under Agri and allied activities
- For meeting farmer’s family needs like procurement of house hold/consumer durable items
- Procurement of green energy products or related house hold items
Salient Features
- Loan amount: Min Rs.5,000/- to Max Rs.25,000/-
- Attractive Rate of Interest
- Fortnightly and Monthly repayment frequencies based on customer requirement
- No processing fee and Pre-closure/pre-payment charges
Loan Tenure
Min 12 months to Max 24 months
Pre-sanction Document
- KYC - address/ ID proof (e-KYC Aadhaar validation is preferred)
- Loan Application Form
- Loan Acceptance Form
- Loan cum Hypothecation Agreement
- Statutory declaration and Declaration for onboarding electronically
- Insurance enrolment form for customer and nominee
- Insurance debit mandate
Product Name
ESAF Self-Help Group- Bank Linkage program SHG-BLP
Purpose
- Income generation activities
- Meeting social needs like housing, education, marriage etc.
- High-cost debt swapping
- Construction or repair of the house, toilets.
- Taking up sustainable livelihoods by the individual members within the SHGs or to finance any viable common activity started by the SHGs.
Salient Features
- Loan amount: Min 1.00 Lakh to Max 20.00 Lakhs
- Attractive Rate of Interest
- Monthly repayment frequency
Processing Fee
1% (Plus applicable GST). (Will be applicable if the loan amount per member exceeds Rs 25,000)
Other Charges (with applicable GST)
- Late payment Fee : 2% per annum for the defaulted amount for the defaulted period.
- Pre-payment charges : Nil
- Penalty for cheque /ECS/SI bounce : Rs 250/ per instance
- Change of Bank account : Rs 250/ per instance
Loan Tenure
Tenor will be min 2 years to max 5 years based on loan cycle
Loan Documentation
- KYC
- Latest updated Bank Pass book of existing account in the name of SHG
- Application form
- Passport size photographs.
- Resolution by SHG seeking Loan from the bank
- SHG Registration Certificate (if registered)
- Inter Se Agreement Executed by All SHG members
- Letter of certification from empanelled SHPI certified by NABARD official empowered at village/Taluk Level.
- Loan Sanction Letter
- Loan Agreement to be signed by OBs
Product Name
ESAF - KISAN VAHAN
Purpose
- For Purchase/refinancing of New/Used Tractor, Harvester, Farm Machineries and Implements for increasing reach of farm mechanisation to farmers.
Salient Features
- Minimum 1 acres of owned agriculture land is required.
- LVT Upto 90% of Asset Grade in New Tractor.
- LTV upto 80% of Asset Grade in Used Tractor.
- Attractive Rate of Interest.
- Flexible repayment (Monthly/Quarterly/Half Yearly).
Loan Amount
- New Tractor: Up to Rs. 10 Lakhs.
- Used Tractor: Up to Rs. 6 Lakhs.
- Harvester/Farm Machineries: Up to Rs. 2Cr.
- Implements/Other Machineries: Up to Rs. 5 Lakhs
Loan Tenure
- New Tractor: 12 months to Maximum 84 months.
- Used Tractor: 12 months to Maximum 60 months.
- Harvester/Farm Machineries: 12 months to Maximum72 months.
- Implements/Other Machineries: 12 months to Maximum 36 months.
Pre-sanction Documents
- KYC
- Latest Updated Photographs.
- Application form
- Proof of Agri Land Ownership.
- RC copy of existing assets (in case used tractor).
Interest Rates
- New Tractor: Repo + Spread
- Used Tractor: Repo + Spread
Charges
- Processing Fee : Tractor: 1% +GST
Farm Equipment/implements:2% +GST - Legal Evaluation Fee : As per approved chart / actual
- Technical Evaluation fee : As per approved chart/ actual
- Stamp Duty : As per state Norms
- Pre-closure charges : Nil
- Pre-payment charges : Nil
- Penalty for cheque bounce/ Enach /SI : Rs. 500 per instance
- NACH/Cheque /Bank account swap charges : Rs. 500 per instance
- Collection Charges : Actual
- Repossession charges : Actual
- Loan Cancelation Charges : Actual
