Urban Money

AU Small Finance Bank

AU Small Finance Bank
4.5

As of March 2018, practically all of the loans granted by AU Small Finance Bank were secured because of its past as a car finance firm, in contrast to most small finance banks that have unsecured loans because of their origin in microfinance. Since bank deposits are less expensive than other sources of funding, the bank has been particularly aggressive in growing its deposits because doing so offers lower returns (lower interest rates) than unsecured loans. In order to establish itself as a comprehensive provider of financial products and services, it has also pushed to diversify into loan products as well as savings products including deposits, payment and transaction banking, and distribution of third-party products.

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Loans offered by AU Small Finance Bank

AU Small Finance Bank LoansInterest RateProcessing FeeLoan Amount/Tenure
Personal Loan

Up to 30%

Up to 5%

₹75L

Tenure(1 - 5 Years)

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Features and Benefits of AU Small Finance Bank

AU Small Finance Bank is a growing name in the banking sector, providing its customers with a range of features and benefits. The bank has something to offer everyone, from banking products and services to loans and investments.

Some of the key features and benefits of AU Small Finance Bank include:

  • A wide range of banking products and services: From savings and current accounts to loans and investments, the bank caters to versatile customer needs. 
  • Competitive interest rates: The Bank offers competitive interest rates on its products and services, making it an attractive option for customers seeking funds. 
  • Convenient locations: The Bank has a network of branches and ATMs across the country, making it convenient for customers to access its services.
  • A dedicated customer service team: The Bank has a dedicated customer service team readily available to help customers with any queries or problems they may have.

AU Small Finance Bank Overview

The Fortune 500 Company, AU Small Finance Bank, is an Indian scheduled commercial bank founded in 1996 and headquartered in Jaipur, Rajasthan. The Bank provides banking services to small businesses, rural and semi-urban populations, and under-banked segments of the Indian population. The footprints expanded from 403 Touchpoints in 8 States and 2 Union Territories in 2017 to 953 Touchpoints in 20 States and 2 Union Territories on June 30, 2022.

The bank secured the Small Finance Bank Licence in 2015. With a strong vision 'To be the world's most trusted retail bank', the AU Small Finance Bank has marked its presence across the finance industry. So, if you are looking forward to AU Bank to cope with your financial obligation, you must get acquainted with what financial products and services the bank offers.

Products and Services Offered By AU Small Finance Bank

AU Small Finance Bank offers its customers a wide range of products and services. These include savings and current accounts, term deposits, loans, debit and credit cards, money transfer services, forex services, and more. The bank also provides numerous value-added services, such as online and mobile banking, safe deposit locker facilities, and a 24-hour customer care helpline. AU Small Finance Bank is committed to providing its customers with the best possible banking experience and offers a wide range of products and services to suit their needs.

Premium Banking

AU Small Finance Bank offers exclusive premium banking services and benefits to high-net-worth individuals. Additionally, the bank's premium banking account is designed for customers who want the best of both worlds - the convenience of a checking account with the added benefits of a savings account. Premium Banking customers enjoy preferential treatment and a dedicated relationship manager to help them with their financial needs. In addition, they get exclusive access to a host of value-added services and benefits.

Savings Account

A savings account allows the customer to park money and earn interest on it. It is a safe place to store your money and grow your savings. AU Small Finance Bank offers a savings account that provides customers with certain benefits, including a competitive interest rate ranging from 7% p.a. This account is ideal for customers looking for a simple and convenient way to save money.

Current Account

A current account allows the account holder to withdraw and deposit funds, make payments and transfer money, at the same time, earn interest on the account balance. AU Small Finance Bank offers unique and customizable current accounts following the customer's needs. With flexible cash deposit limits and overdraft facilities, AU Small Finance Bank allows the customer to manage the transactions systematically.

Term Deposits

A term deposit is an account where you agree to deposit money for a set investment tenure, usually between one to five years. In return, you'll earn a higher interest rate than you would on a regular savings account. You must rely on a term deposit account with AU Small Finance Bank to earn a higher interest rate on your savings. You can withdraw your money or roll it over into a new term deposit when the term is up or on maturity. AU Small Finance Bank offers competitive rates and terms, so it's worth considering if you're looking for a place to grow your savings.

Bank Lockers

A bank locker is a safe deposit box, usually in a bank's vault. Customers can use bank lockers to store valuables such as jewellery, important documents, and other items that need to be protected. AU Small Finance Bank is equipped with high surveillance to offer utmost protection to the bank lockers. Furthermore, the bank allows you to choose the type of locker hinged to your needs. With low rentals and minimal documentation, these lockers are a safe space for your assets.

Debit and Credit Cards

Debit and credit cards are payment cards that the customer can use to make purchases or withdraw cash. Debit cards are linked to your bank account, making transactions possible. The bank or credit card companies issue credit cards. Furthermore, the customers can use the card to make purchases or withdraw cash. 

AU Small Finance Bank debit card is a great way to manage your finances. With this card, you can keep track of your spending, set budget goals, and track your progress. In addition to  24*7 banking services and low markup fees, the debit card can help you avail of complimentary airport lounge access. At the same time, the AU Small Finance Bank Credit card is a great way to get the credit you need. The card offers a plethora of benefits and privileges. The commercial credit card offered by the bank is an expense management tool that allows a corporation to manage cash flows.

Silver Spoon Dining Program

The AU Small Finance Bank Silver Spoon Dining Program is a great way to save money on dining expenses. If you're an AU Bank customer with a debit or credit card, you can enjoy some of the best dining experiences with Silver Spoon. With special indulgences and privileges, plus discounts of up to 30% at more than 300 restaurants, Silver Spoon is the perfect way for AU Bank cardholders to enjoy the finer things in life.

Personal Loan

AU Small Finance Bank personal loan is a great way to finance your personal needs. Whether you are looking for a new car, a new home, or just need some extra cash, a personal loan from AU Small Finance Bank can help. With competitive interest rates and flexible repayment options, a personal loan from AU Small Finance Bank is a great option for anyone needing extra cash.

Home Loan

AU Small Finance Bank offers home loans at competitive interest rates to help you fulfil your dream of owning a home. The bank offers fixed and floating interest rate options, so you can choose the option that best suits your needs. The loan tenure is up to 20 years, making it easy for you to repay the borrowed amount. AU Small Finance Bank also offers a Flexi home loan option, wherein you can choose to prepay the loan without any penalties. With its wide range of home loan products, it is your ideal partner in achieving your home ownership goals.

Vehicle Loan

AU Small Finance Bank offers vehicle loans at competitive interest rates with a repayment tenure of up to 5 years. The loan amount depends on the value of the vehicle and the applicant's income and repayment capacity. The bank also offers a pre-approved loan facility for existing customers. Borrowers can obtain a vehicle loan to purchase a new or pre-owned vehicle.

Loan Against Vehicle

A loan against a vehicle is a loan that is secured by your vehicle. The borrower can use this type of loan for various purposes, including car repairs, home improvements, or other expenses. The interest rate on loan against a vehicle is typically lower than the interest rate on an unsecured loan, making it a good option for borrowers with good credit. To qualify for a loan against the vehicle, you will need to have a clear title and sufficient vehicle equity to cover the loan amount. 

Gold Loan

AU Small Finance Bank gold loan is a secured loan against your gold ornaments. You can avail of this loan to meet your financial requirements like wedding expenses, medical emergencies, business expansion etc. The interest rate on this loan is very competitive, and you can repay the loan in easy monthly instalments.

AU Small Finance Bank: Contact Information

You can contact AU Small Finance Bank customer care through various phone, email, and social media channels. Check out the contact details below:

Corporate Address 5th Floor, E Wing, Kanakia Zillion, Junction of CST Road & LBS Marg Kurla (West) Mumbai- 400070, Maharashtra
Customer Support 1800 1200 1200/ 1800 26 66677
Website www.aubank.in

FAQs

From refinancing to reducing your interest, we have the answers right here.

What is the full form of AU Small Finance Bank?

The full form of AU in AU Small Finance Bank stands for Action and Urgency.

Who is the owner of AU Small Finance Bank?

The founder of AU Small Finance Bank is Sanjay Agarwal.

Is AU Small Finance Bank under RBI?

Yes, AU Small Finance Bank is regulated by the rules and regulations of the Reserve Bank of India.

Is AU Bank private or government?

AU Small Finance Bank is a private bank.

How many AU Bank branches are in India?

According to the statistics, the bank has more than 900 touchpoints in India.

What is the difference between a bank and a small finance bank?

A small finance bank is a type of Bank in India that has been created to serve the financial needs of small businesses and underserved sections of the population. Unlike traditional banks, small finance banks typically have lower interest rates and fees than traditional banks.

Is AU Bank a commercial bank?

The AU Small Finance Bank has received the approval of RBI to continue its operations as a commercial bank.

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