Documents to be produced

• Two Valid KYC Documents as per Bank Policy
• Income documents for documented income cases
• Assessed income for non-documented income cases
• Title deed
• Prior title deed for 13 years
• Latest building tax receipt
• State specific legal documents

TAT for Processing

15 days from the receipt of all supporting documents

Terms and Conditions

FAQs

1) Who can avail ESAF Loan Against Property ?

You are eligible to apply ESAF Loan Against Property, if you meet below conditions

• Age: 21years at the time of loan sanction;
• Age at the time of loan maturity: salaried segment – 60 years / retirement date and 70 years for self-employed / Business.
• Domicile Status in the area (No. of Years): 3 Years
• Vintage in the line of business/Profession: 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 75 % of distress value of the residential / Commercial Property.

5) Can I give standing instruction to repay my Loan Against Property, directly from my ESAF Savings Account?

Yes, you can opt for Automated Repayment and your EMIs will be directly repaid from your 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?

Yes

7) How much time does ESAF require to process Loan Against Property ?

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.