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AU SMALL FINANCE BANK HOME LOAN 

AU Small Finance Bank avails a hassle-free home loan with our best-in-class services. AU Small Finance Bank Limited is an Indian scheduled commercial bank that was founded as vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017.

A house loan or home loan simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms. AU Small Finance Bank is busy in the business of providing housing loans to low and middle-income level customers acceptance to semi-urban and rural areas. It offers home loans to both salaried and self-employed categories. You must have a stable source of income to gain the nod from the firm for a home loan. You can apply for a home loan either individually or jointly at AU Bank. 

AU Small Finance Bank Home Loan Features 

1. No hidden charges

2. Simple and less paperwork documentation

3. Provides flexible home loan scheme

4. Available for non-income proof customers

5. Provides Doorstep service

6. Available different modes of payment 

7. Attractive rate of interest

8. Choice of tenure

9. Free and safe document storage

10. Easily available in rural India

11. Broad branch network

12. Tax benefit 

13. It provides a highest home loan eligibility criteria so that you can build a good home for yourself

14.Quick processing and disbursal of loans

AU Small Finance Bank Home Loan Fees and Charges

To apply for a home loan, you have to pay fees and charges applied by the AU Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from AU Small Finance Bank i.e joining fee, annual fee, interest rate, late payments charges etc.

TYPE 

CHARGES

Maximum Loan

Rs.25 lakh

Maximum Loan Tenure

20 years subject to your retirement age

Interest Rate

12.5%-19% (Floating)

Repayment

Flexible repayment via EMIs

Processing Fee

2% of the loan amount

Prepayment Charges

NIL if you do it on your own. If you prepay by taking loan from a bank, HFC or NBFC, then 3%-5% plus service tax, as applicable, would be deducted from the borrower

Late Payment Charges

3% per month

AU Small Finance Bank Home Loan Eligibility Criteria

Before applying for a home loan from AU Small Finance Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the home loan application the Salaried individuals, self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

Eligible 

Salaried and self employed 

Age

The minimum age of the applicant is 18 years 

The maximum age of the applicant is 75 years

Tenure 

Minimum tenure can be availed is 1 year

Maximum tenure can be availed is 20 years

Resident 

Indian 

AU Small Finance Bank Home Loan Documents Required

Any applicant who is going to avail a loan for a home from AU Small Finance Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

AU Small Finance Bank Home Loan

12.5% to 19%

AU Small Finance Bank Home Loan How to Login

All customers with savings or current accounts can have access to AU Small Finance Bank net banking or mobile banking platform. It is hassle-free and easy to use. One can register for AU Small Finance Bank net banking by following the below-mentioned steps:

  • Go to the homepage of AU Small Finance Bank net banking or visit the web portal of AU Small Finance Bank.

  • On the home page, look out for the option ‘New user registration’ or a similar option.

  • Proceed further, and enter details like bank account number, branch details, registered mobile number, and click on ‘Submit.’

  • As you click on ‘submit’ a one time password is sent to the registered mobile number. Enter the OTP and click on ‘confirm.’

  • Clicking on ‘confirm’ will create your temporary login details with a temporary username. Users can create their password.

  • After creating the password login and creating your permanent username, and accept all terms and conditions.

AU Small Finance Bank Home Loan How to Apply

There are two ways to apply for home loans from AU Small Finance Bank :

1 .Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of AU Small Finance Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

AU Small Finance Bank Home Loan Customer Care 

Contact number : 180012001200

Email id : customercare@aubank.in

AU Small Finance Bank Home Loan Payment Online 

The following steps are required to payment online for AU small finance bank home loan i.e. :

1. Select your bank. 

2. Provide your Loan details. Enter your 16-digit alphanumeric loan number twice. 

3. Confirm Payment. 

4. Receive online confirmation.

AU Small Finance Bank Home Loan EMI Calculator

The following formula is used to calculate EMI of AU Bank Home Loan :

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Bank offered Financial Products

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

AU Small Finance Bank Home Loan Frequently Asked Questions

1. What is the minimum and maximum loan amount provided by AU Small Finance Bank for home loan?

The minimum loan amount is Rs.2 lakh and maximum loan amount is Rs.25 lakh provided by AU Small Finance Bank for home loan.

2. How much interest rate is provided by AU Small Finance Bank for home loan?

The minimum interest rate is 12.5% and maximum interest rate is 19% provided by AU Small Finance Bank for home loan.

3. What is an AU Small Finance Bank Home Loan?

AU Small Finance Bank is busy in the business of providing housing loans to low and middle-income level customers acceptance to semi-urban and rural areas. It offers home loans to both salaried and self-employed categories. You must have a stable source of income to gain the nod from the firm for a home loan. 

4. Can I take a loan from AU Small Finance Bank?

Yes, you can opt for a loan from AU Small Finance Bank. AU Small Finance provides loan products like home loan, personal loans and business loans, among others.

5. Is age an important factor to get a home loan from AU Small Finance Bank?

Yes, age is an important factor to get a home loan from AU Small Finance Bank. The minimum age of the customer is 18 years and maximum age of the customer is 75 years.

6. How to contact AU Small Finance Bank?

You can contact through customer care number and customer care email id for AU Small Finance Bank.

7. What is the processing fee charged in AU Small Finance Bank for home loan?

The processing fee charged in AU Small Finance Bank for home loan is 2% of the loan amount.

8. What are the late payment charges on the overdue installments of AU Small Finance Bank for home loan?

The late payment charges 3% per month on the overdue installment charges of AU Small Finance Bank for home loan

9. How can I apply for home loans at AU Small Finance Bank?

You can apply offline by visiting the nearest bank branch or through online for home loan at AU Small Finance Bank.

10. Is AU Small Finance Bank approved by RBI?

AU Small Finance Bank is approved by RBI under the Banking regulations Act of 1949. 

Last Updated on : 02/Nov/2020

Know More About

Au Small Finance Bank Home Loan

You're eligible for a Au Small Finance Bank Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Au Small Finance Bank Home Loan Interest Rates

Updated on 25 Nov 2017

Au Small Finance Bank Home Loan Details
Interest Rate (Monthly reducing balance) 12.5% - 19%
Processing Fees 2% of the home loan
Loan Tenure 1 year to 20 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959