Apply Now

AU SMALL FINANCE BANK MORTGAGE LOAN

AU 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 loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower gives the lender a lien of property as collateral for the loan. A Mortgage loan is a secured loan. It is secured against your property. The bank or lender has the right to retake your property if you can’t repay your loan. A mortgage loan helps you buy your own house. You can afford to buy a home with the help of this loan and be the sole owner of your property once repayment is over.

AU Small Finance Bank Mortgage Loan Features 

1. Enjoy an easy and hassle free documentation process.

2. Get a loan for a longer tenure.

3. You can apply for it both online and offline 

4. Residential and commercial properties are accepted as collateral for mortgage loans.

5. Attractive interest rates.

6. Enjoy doorstep services

7. Get a higher amount of funds

8. Salaried and self employed are eligible to take this loan

AU Small Finance Bank Mortgage Loan Fees and Charges

To apply for a mortgage 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 Bank i.e joining fee, annual fee, interest rate, late payments charges etc.

TYPE 

CHARGES

Maximum Loan

Upto 10 crore

Maximum Loan Tenure

15 years

Interest Rate

11% to 15% per annum

Pre-closure charges

1% to 4% of the amount

Processing Fee

1.5% of the loan amount

Penal Interest 

Up to 2% including the tax

Late Payment Charges

3% per month

AU Small Finance Bank Mortgage Loan Eligibility Criteria

Before applying for a mortgage loan from AU Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the mortgage 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 21 years 

The maximum age of the applicant is 60 years

Tenure 

Minimum tenure can be availed is 1 year

Maximum tenure can be availed is 15 years

Resident 

Indian 

AU Small Finance Bank Mortgage Loan Documents Required

Any applicant who is going to avail a loan for a mortgage from AU 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.

AU Small Finance Bank 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 Mortgage Loan How to Apply

There are two ways to apply for a AU Small Finance Bank Mortgage Loan that is :

  • Visit Dealership office near you or apply online 

  • After visiting there fill the application for a mortgage loan

  • After that read all financing-related documents carefully

  • Attach all required documents with an application form

  • Now submit the application form to the dealers 

  • Sooner you will get the reply i.e. you are eligible or not for the loan

  • If your application form gets accepted you will get the loan in no time.

  • If your form is rejected then they provide a proper answer for that. 

Mortgage Loans Types in India

The different types of mortgage loans in India are listed below.

  • Loan against property

  • Home loan for house purchase or construction

  • Loan against property for home renovation

  • Loan against property for debt consolidation

  • Loan against shop

  • Loan against machinery

  • Loan against property for marriage

  • Loan against property for higher education

AU Bank Mortgage Loan Customer Care 

Contact number : 180012001200

Email id : customercare@aubank.in

AU Small Finance Bank Mortgage Loan Payment Online 

The following steps are required to payment online for AU small finance bank mortgage 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 Mortgage Loan How EMI calculate 

Before you apply for a AU Small Finance Bank mortgage loan, check your monthly payments along with the total amount payable using an EMI Calculator. A mortgage loan calculator is an online tool which computes your loan EMIs as per the details you provide.

This EMI calculator uses a mathematical formula to give you the amount of AU Small Finance Bank mortgage loan EMI payable by you.

The formula is E = P * R * (1+R)^N / ((1+R)^N-1)

where E is EMI,

P signifies principal amount,

R stands for rate of interest,

N stands for the tenor of your loan in 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 Mortgage Loan Frequently Asked Questions

1. What documentation is required for a AU Bank mortgage loan?

There are following documents are required for AU Bank mortgagel loan i.e. :

  • ID proof

  • Income proof

  • Address proof

  • Passport size photo

2. What is a mortgage loan?

 A Mortgage loan is a secured loan. It is secured against your property. The bank or lender has the right to retake your property if you can’t repay your loan. A mortgage loan helps you buy your own house. You can afford to buy a home with the help of this loan and be the sole owner of your property once repayment is over.

3. How do I apply for an AU Bank Mortgage Loan?

There are two ways to apply for a AU Bank mortgage loan that is :

  • Offline method by visiting nearest AU bank branch

  • Online method through website

4. How to calculate EMI of AU Bank mortgage loans?

This EMI calculator uses a mathematical formula to give you the amount of AU Bank mortgage loan EMI payable by you.

The formula is E = P * R * (1+R)^N / ((1+R)^N-1),

where E is EMI,

P signifies principal amount,

R stands for rate of interest,

N stands for the tenor of your loan in months.

5. What is the minimum and maximum tenure period of AU Bank Mortgage Loan?

The minimum tenure period is 1 year and maximum tenure period is 15 years of AU Bank Mortgage Loan.

6. How to contact AU Bank?

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

7. Are there any pre-closure charges that apply for AU Bank Mortgage Loan?

Yes, the pre-closure charges are applied for AU Bank Mortgage loan is 1% to 4% of the amount.

8. Who is eligible to apply for AU Bank Mortgage Loan?

Salaried and Self employed are eligible to apply for AU Bank Mortgage Loan.

Last Updated on : 07/Nov/2020

Know More About

Au Small Finance Bank Mortgage Loan

You're eligible for a Au Small Finance Bank Mortgage 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 Mortgage Loan 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 Mortgage Loan Interest Rates

Updated on 25 Nov 2017

Au Small Finance Bank Mortgage Loan Details
Interest Rate (Monthly reducing balance) 11% - 15%
Processing Fees 1.5% of the loan amount
Loan Tenure 1 year to 15 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Mortgage Loan 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