Urban Money

AU Small Finance Bank Personal Loan

AU Small Finance Bank
4.5

With the feature-rich personal loans, you can spend more time pursuing your aspirations rather than wasting time on numerous applications and approvals. Due to the variety of advantages offered by AU small banks, personal loans are still the preferred option for both current and potential consumers.

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Personal Loan Banks

Interest Rate

Processing Fee

Loan Amount/Tenure

AU Small Finance Bank Personal loan Interest Rate

Up to 30%

Up to 5%

₹75L

Tenure(1 - 5 Years)

Details

Features and Benefits of AU Small Finance Bank Personal Loan

AU Small Finance Bank is an Indian scheduled commercial bank founded in 1996 and headquartered in Jaipur, Rajasthan. A large segment of the bank's customer base consists of small businesses, rural and semi-urban citizens, and the underbanked segment of the Indian population. As a Fortune 500 company, the bank has a long-standing reputation for providing quality banking services to its customers.

AU Small Finance Bank personal loan acts as a financial umbrella for those needing quick and easy access to funds. The loan can be used for various purposes, including home improvements, medical expenses, or debt consolidation. The interest rate is competitive, and the repayment terms are flexible, making it a great choice for borrowers of all types.

  • An extended tenure of five years
  • A high-value loan amount of INR 7,50,000 can be availed
  • Competitive interest rates ranging from 14% p.a.

The features and benefits of AU Small Finance Bank personal loans are several, which makes it an attractive option for borrowers. Some features and benefits include

  • Competitive interest rates: AU Small Finance Bank offers some of the market’s most competitive interest rates on personal loans. This makes for an ideal option for borrowers looking to keep their costs down.
  • Flexible repayment options: AU Small Finance Bank offers flexible repayment options that allow borrowers to tailor their repayments to suit their circumstances. This can make it easier to manage your loan and keep on top of your repayments.
  • Quick and easy application process: Applying for a personal loan with AU Small Finance Bank is quick and easy. You can apply online in just a few minutes, and you'll receive a decision on your loan within 24 hours.
  • No hidden fees: AU Small Finance Bank doesn't charge any hidden fees or charges on its personal loans. This means you'll know exactly how much you'll need to repay from the outset, with no nasty surprises down the line.

AU Small Finance Bank Personal Loan Eligibility Criteria

The AU Small Finance Bank eligibility criteria for a personal loan are listed below:

  • The applicant must be a citizen of India
  • The applicant must be of a minimum of 25 years of age at the time of application
  • The maximum age of the applicant on the maturity date must be 60 years.

You will likely be eligible for an AU Small Finance Bank personal loan if you meet the above criteria.

Factors Affecting AU Small Finance Bank Personal Loan Eligibility

Several factors can affect your eligibility for a personal loan from AU Small Finance Bank. These include your credit score, employment history, and income. If you have a strong credit score and a steady income, you're more likely to be approved for a loan

  • Credit Score: Your credit score will be a major factor in determining whether or not you qualify for a loan. If you have a good credit score, you will be more likely to qualify for a loan. However, if you have a bad credit score, you may not be able to qualify for a loan.
  • Income of the Applicant: Your income will also be a factor in determining your eligibility for a loan. If you have a high income, you will be more likely to qualify for a loan. However, suppose you have a low income. In that case, you may not be able to qualify for a loan.
  • Employment History: Your employment history will also be a factor in determining your eligibility for a loan. You will be more likely to qualify for a loan if you have a long employment history. However, if you have a short employment history, you may not be able to qualify for a loan.
 

AU Small Finance Bank Personal Loan Fees and Charges

There are a few nominal fees charged by AU Small Finance Bank when you avail of a personal loan. Here is a look at the fees charged by AU Small Finance Bank on personal loans:

Processing fees Up to 5% of the loan
Foreclosure or pre-payment charges
  • Before 12 months of disbursement - 5% of the balance
  • After 12 months of disbursement - 3% of the balance
(Note: Part foreclosure is not allowed)
Documentation Charges INR 2000
Overdue Interest 3% per month
Stamp duty charges As per the State Stamp Law

AU Small Finance Personal Loan Interest Rates

The AU Small Finance Bank Interest rates on Loans and Services range from 13.99% p.a. The interest rate sanctioned is primarily determined by age, credit score, and financial standing.

Documents Required for AU Small Finance Bank Personal Loan

At AU Small Finance Bank, they make the loan application process easy and convenient for their customers. The primary document required for an AU Small Finance Bank personal loan is an Aadhaar Card linked to your mobile number for verification.

Note: The financial institution may request additional documents at any time during the application process. This will vary depending on the individual case.

AU Small Finance Bank Personal Loan EMI Calculator

The AU Small Finance Bank Personal Loan EMI Calculator is a simple online tool that can help you calculate your monthly loan repayments. All you need to do is enter basic information about your loan, including the amount you want to borrow and the interest rate. Once you have this information, the calculator will do the rest. The calculator will consider your repayment period and the interest rate to calculate your monthly repayments. It is important to note that the interest rate used in the calculation is an estimate, and your actual interest rate may differ. The calculator is for illustrative purposes only, and you should always speak to a loan specialist before making any decisions.

AU Small Finance Bank Personal Loan Comparison Table

The table below compares AU Small Finance Bank Personal Loan interest rates with other lenders.

Bank Name Interest Rates
AU Small Finance Bank 14% p.a. - 30% p.a.
HDFC Bank 10.50% p.a. - 21.00% p.a.
Yes Bank 10.99% p.a. onwards
Axis Bank 12.00% p.a. - 21.00% p.a.
IDFC Bank 10.49% p.a. onwards
Tata Capital 10.99% p.a. onwards
Punjab National Bank 7.90% p.a. onwards
Fullerton Bank 11.99% p.a. - 36.00% p.a.
SBI 9.60% p.a. - 15.65% p.a.

AU Small Finance Bank  Customer Care

By contacting AU Small Finance Bank customer care via email or toll-free number, you can get your queries clarified and grievances resolved.

Toll-Free Number 1800 1200 1200
Email ID customercare@aubank.in

FAQs

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

Does AU Small Finance Bank provide personal loans at the best rate?

Yes, AU Small Finance Bank offers personal loans at a nominal interest rate starting from 14% p.a.

What are the benefits AU Small Finance Bank provides on personal loans?

AU Small Finance Bank offers personal loans at economical interest rates and extended tenure. Additionally, they provide 24*7 customer support, and the application procedure is minimal.

Does AU Small Finance Bank have a fixed interest rate on a Personal Loan?

Yes, AU Small Finance Bank offers fixed interest rates for personal loans.

What documents are required in AU Small Finance Bank for a Personal Loan?

You are required to have an Aadhaar Card linked to your mobile number as a supporting document.

How to apply for a personal Loan in AU Small Finance Bank Online?

You simply need to log in to their official website and avail the pre-approved personal loan offer.

How to check personal loan status in AU Small Finance Bank?

You can track your personal loan status on their official website using your registered mobile number.

Does AU Small Finance Bank check for CIBIL Score for a personal loan?

Like every other bank, AU Small Finance Bank checks the applicant’s CIBIL score before proceeding with the loan application.

What is the maximum personal Loan amount I can get from AU Small Finance Bank?

You can avail a maximum of INR 7,50,000 as a personal loan from AU Small Finance Bank.

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