Micro Housing Loan - ESAF Small Finance Bank
Banner image of Micro Housing Loan

Micro Housing Loan

Salient Features
Basic Features
Loan size
  • INR 1 Lakhs to INR 20 Lakhs
Loan tenure
  • 1 to 20 Years
Interest rate
  • Fixed; Prevailing Interest rates
LTcV (Loan To Construction Value)
  • 80% of Construction/Purchase Cost
Repayment frequency
  • Monthly/Fortnightly/Weekly
Documents to be produced


1) Who can avail ESAF Housing Loan?

You are eligible to apply ESAF Housing Loan if you meet below conditions

  • Age : 18 – 65 yrs at the time of loan sanction; should not exceed 70 yrs at loan closure
  • Domicile Status in the area (No. of Years): 3 Years
  • Adequate Cash flow to meet the proposed loan EMI’s
  • Co-applicant required: Yes
2) What is the process for getting loan?

Please walk up to any of our branches, or contact us @ Tollfree No 1800 103 3723 or apply online at the link given below. Let’s know your requirement, our Relationship Manager will be at your service.

3) How will my loan eligibility be determined?

Loan eligibility is based on the credit assessment / your monthly disposable / surplus income.

4) What is the maximum loan amount I can borrow?

Up to 80% of the construction cost / purchase price subject to eligibility norms being met

5) Can I give standing instruction to repay my Micro Housing loan directly from my ESAF Savings Account?

Yes, you can opt for Automated Repayment and your EMIs will be directly repaid from you ESAF Small Finance Bank Savings Account, thus saving you the trouble of procuring, signing and tracking post-dated cheques.

6) Is there any prepayment option for your loan product?


7) How much time does ESAF require to process Micro Housing loan?

After receipt of all relevant documents/papers/information from the prospective customers, Bank will intimate its decision for sanction/rejection of loan proposal within maximum seven working days.

8) Any Govt subsidy available?

Subsidy of upto Rs 2.40 lakhs available for eligible cases under CLSS scheme under PMAY programme of Govt of India.