# Esaf Small business loans

> Esaf Small is on Recur Club's lender panel, writing secured term loan.

Source: https://www.recurclub.com/lenders/esaf-small
Last updated: 2026-10-20

Also offered, with no terms observed yet: Secured Term Loan.

## Eligibility

### Screening gates and observed behaviour

- Borrower: age ≥2y · CIBIL ≥650 · avoid: Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Banking, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Education and Training, Electric Vehicle, Electronics System Design & Manufacturing, Engineering and Capital Goods, Engineering, Procurement, and Construction (EPC), Explosives, Arms and Ammunitions, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, Insurance, Lottery Business, Manufacturing, Media and Entertainment, Medical Devices, Metals and Mining, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Others, Paper & Packaging, Pharmaceuticals, Ports, Power, Railways, Real Estate (asset Light), Real Estate (non asset Light), Renewable Energy, Retail (Consumer Goods), Roads, SaaS, Science and Technology, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading · Kerala, Delhi · Private Limited, Public, Sole proprietorship, Limited Liability Partner · positive sector: Financial Services
- Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · minimum assetsundermanagement: 1000 · gross non performing assets: 3 · debt/networth ≤4 · DSCR ≥1
- Deal: rate 11–14% · ticket ₹10–150cr · tenure 12–48mo · no PEP
- Security (observed): Personal Guarantee Of Promoters/Directors (100%) · 2nd charge on current assets (100%) · 1st charge on immovable assets (100%) · 1st/pari-passu charge on current assets (100%)
- Security asked in : Personal Guarantee Of Promoters/Directors (×1), 2nd charge on current assets (×1), 1st charge on immovable assets (×1), 1st/pari-passu charge on current assets (×1)

## Common questions

### What does Esaf Small lend?

Esaf Small writes secured term loan.

### What are Esaf Small's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

### What security does Esaf Small ask for?

Observed across sanctions: Personal Guarantee Of Promoters/Directors (100%) · 2nd charge on current assets (100%) · 1st charge on immovable assets (100%) · 1st/pari-passu charge on current assets (100%).

### How do I apply to Esaf Small?

You do not apply to Esaf Small directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Esaf Small's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

### Is Esaf Small the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Esaf Small screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.

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Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Esaf Small's current policy.