Equitas Small Finance Bank brings festive cheer with the launch of Digital Personal Loans

Equitas Small Finance Bank (ESFB) today announced the launch of its Digital Personal Loan offering, designed for salaried professionals. With the festive season witnessing a surge in demand for credit, the bank is enabling customers to access instant, paperless personal loans at competitive interest rates starting from 10.49% p.a., with a nominal 1% processing fee.

The new offering ensures a seamless, transparent, and fully digital borrowing experience - empowering its customers to apply on-line and receive in-principle approval on real time basis.

Key highlights of Equitas Digital Personal Loan:

- 100% online application with real time in-principle approval based on credit profile
- Exclusive for salaried professionals with net take home pay of ₹40,000 and above
- Available for applicants with a credit score of 730 and above.
- Loan amount starting from ₹2 lakhs, with flexible tenures up to 5 years.
- Attractive interest rates starting from 10.49% p.a.

Jagadesh J, Head of Assets at Equitas Small Finance Bank, stated, "This festive season, we aim to enhance the purchasing power of salaried professionals by providing accessible, reliable and hassle-free credit through our fully digital personal loan. Reinforcing our customer-first approach, we urge borrowers to obtain loans only from RBI-regulated institutions to protect themselves from unauthorized or unregulated lending platforms. This loan is ideal for festive shopping especially Diwali, travel, education and home renovations."

Users can easily apply by visiting www.equitasbank.com. To check eligibility, all you need are your Aadhaar card, PAN card and latest bank statement.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 57.07 as compared to the previous close of Rs. 57.51. The total number of shares traded during the day was 50060 in over 885 trades.

The stock hit an intraday high of Rs. 58.00 and intraday low of 56.77. The net turnover during the day was Rs. 2856301.00.

Source : Equity Bulls

Keywords

EquitasSmallFinanceBank INE063P01018 DigitalPersonalLoanOffering