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.
KISAN Saral(Working Capital/ Term Loan)
For all Farm Credit, farm development, infrastructure, ancillary (Food & Agro processing), agri & allied activities as identified by RBI, GoIKisan Pragati (Working Capital/ Term Loan)
For all Farm Credit, farm development, infrastructure, ancillary, agri & allied activities as identified by RBI, GoI.ESAF KISAN JYOTI (Overdraft/Term Loan)
To meet the post-harvest expenses, value addition to agriculture produce, maintenance of farm assets, farm development activities,...ESAF FPO Finance
Type : Loan to Organization/ entity/ company, etc. Purpose : Credit support available for business activities of FPO and/or working capital requirementsTrade 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 Farmer Interest Group Loan
This product is to serve the requirement of small loans for agriculture and allied-agriculture purposes.Used Car Loan
Loans available for purchase of used car or refinance on existing self-owned used cars.Two-Wheeler Loan
Loans available for purchase of new two wheeler vehiclesThree-Wheeler Loan
Loans available for purchase of new three wheeler passenger or cargo vehiclesSalary Overdraft
Over draft of upto 3 times of the monthly Salary for Salary accounts maintained with ESAF bankSchool Loan
Loans available for development of School infrastructure, purchase of school buses, Solar installation on the school premise etcPersonal Loan
Loans available for personal purpose for customers with monthly salary or pension creditsNew Car Loan
Loans available for purchase of new Passenger Cars or refinance against new self-owned vehicleESAF 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.Lease Rental Discounting (LRD Loan)
Loans available for business or personal purpose against monthly rent receivables from self-owned premises let out on rent.New Light Commercial Vehicle loan ( LCV)
Loans available for purchase of new Light commercial vehicle or refinance against new self-owned vehicleGlobal Career Development Loan
Education Loans for students aspiring to study abroad in foreign universities and make a career.Gold Loan
- Quick disbursement
- Hassle-free procedures
- Total security for your gold
ESAF Dairy Development Loan
- Upto 5 years
- Rs.1.6 lakh without margin & collateral
- Rs.10 lakh with 15% margin & collateral
MSME Loan
- Fastrack processing
- Flexible repayment options
- Simplified Documentation
Dream Home Loan
- Simplified documentation procedures
- Flexible Eligibility parameters
- Loan amount from Rs 5 lakhs to Rs 1 crore
Clean Energy Product Loan
- Upto 80% of margin will be funded
- Tenure period of 1-7 years
- Loan Amount: Upto Rs 10,00,000
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
Loan against Property
- Simplified documentation procedures
- Dedicated Relationship Manager
- Flexible repayment options
Business Loan
- Simplified documentation procedures
- Faster processing
Micro Housing Loan
- Simplified documentation procedures
- Faster processing
- Balance Transfer facility
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