New Delhi, Oct. 8 -- Equitas Small Finance Bank (ESFB) has recently announced the launch of its Digital Personal Loan offering, meant for salaried professionals. In the run-up to Diwali, which typically leads to a spike in demand for credit, the bank is enabling customers to access instant, paperless personal loans at competitive interest rates starting from 10.49% per annum, with a nominal 1% processing fee.

This would ensure a seamless and digital borrowing experience, allowing personal loan borrowers to apply online and receive in-principle approval on a real-time basis. These are some of the key highlights of the personal loan offered by Equitas.

1. Completely online application with real-time in-principle approval based on the appl...