ESAF Small Finance Bank - Personal Banking, NRI Banking, Micro-Banking Services ESAF Vehicle Loan – ESAF Small Finance Bank
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Power Your Dreams with
ESAF Vehicle Loan

ESAF Mithra is built with a strong focus on financial inclusion and digital accessibility. Tailored for Micro Banking customers, the app offers real-time access to loan accounts, digital payment options, loan application tracking, service request features, and a branch locator.

With its intuitive and user-friendly interface, ESAF Mithra brings greater transparency, efficiency, and convenience, while strengthening the bond between customers and the Bank.

Why Choose ESAF Vehicle Loan?

ESAF Mithra is built with a strong focus on financial inclusion and digital accessibility. Tailored for Micro Banking customers, the app offers real-time access to loan accounts, digital payment options, loan application tracking, service request features, and a branch locator.

With its intuitive and user-friendly interface, ESAF Mithra brings greater transparency, efficiency, and convenience, while strengthening the bond between customers and the Bank.

New Car
Loan
Used Car
Loan
Two-wheeler
Loan

Our USPs:

Attractive interest rate*
No hidden charges*
Minimal documentation*
Flexible loan tenor*

Frequently Asked Questions-Vehicle Loan

1. Can I get a loan to purchase a car?

Yes.

2. What is the amount of loan that I can avail for a vehicle loan?
ESAF Banks new car loan facility offers loans starting from Rs 50k to Rs 1cr for purchase of the vehicle. Funding is based on factors like your CIBIL score, income, car segment and other internal rating parameters.
3. What is the typical tenure of the vehicle loan?
We provide loan for a maximum loan tenure of 7 years. The loan tenure may vary from case to case based on the car segment.
4. What documents are required to apply for a vehicle loan?
Applicants may be required to submit the following documents:
  • Identity proof
  • Address proof
  • Income proof (if applicable)
  • Business proof (for self-employed applicants)

Additional documents may be required based on the applicant’s profile and banks policies

5. Do I need a guarantor or coborrower?
Yes, If the applicant does not alone fulfil the eligibility criteria for availing the loan, a coborrower or guarantor will be mandatory. For all NIP, assessed income proof or Surrogate Income proof scheme, high LTV etc we do insist for co-applicant.
6. Can I get a loan for used cars?
Yes, we provide loans for Used car purchase.
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