ESAF Small Finance Bank Suspends Collection of Microloans till August 31
Kochi: With the devastating flood affecting its micro banking customers in Kerala, ESAF Small Finance Bank has suspended the collection of microloans in Kerala till August 31, 2018. The Bank will also waive late payment charges on all loans in Kerala till the month of August 2018.
It has already decided not to charge any penalty for non-maintenance of minimum balance. Those who have been affected by the flood in Kerala and desire to restart their lost business or repair homes or are in need of any other such requirement will be considered on a priority basis for extending loans as per requirements and the rules of the bank, a release said.