Looking for a personal loan to fulfill your dreams and aspirations? AU Small Finance Bank has got you covered! With AU Small Finance Bank Personal Loan, you can enjoy a range of benefits, including flexible repayment options, competitive interest rates, and quick disbursal. Whether you want to plan a vacation, renovate your home, or meet unexpected expenses, AU Small Finance Bank is here to support you. The eligibility criteria are simple, and the documentation process is hassle-free.
Features of AU Small Finance Bank Personal Loan
AU Small Finance Bank Personal Loans come with a range of features that set them apart as the top choice for both new and existing customers. Here are the key features:
- All-purpose loan: AU Small Finance Bank Personal Loans can be used to meet any short-term financial obligation, whether it’s education expenses, home renovation, wedding expenses, travel, healthcare, debt consolidation, or any other purpose you have in mind.
- No collateral requirement: AU Small Finance Bank understand the burden that comes with arranging collateral or finding a guarantor. That’s why AU Small Finance Bank Personal Loan products do not require any collateral or guarantor, making the process simpler and more accessible.
- Minimal documentation: AU Small Finance Bank value your time and want to make the loan application process hassle-free. With AU Small Finance Bank Personal Loans, you can apply for amounts up to INR 10,00,000 with minimal documentation.
- Flexible tenure: Choose a repayment tenure that suits your financial situation. You can opt for a tenure ranging from 12 months to 60 months, allowing you to repay the loan in convenient monthly installments.
- AU Small Finance Bank offer the best Personal Loans to cater to your immediate financial needs and help you achieve your life goals.
Benefits of AU Small Finance Bank Personal Loan
Applying for a Personal Loan with AU Small Finance Bank comes with a range of benefits that make your borrowing experience rewarding. Here are the benefits you can enjoy:
- Competitive interest rates: AU Small Finance Bank Personal Loans come with reducing interest rates throughout the repayment period, ensuring affordable EMIs.
- Effortless loan management: Manage your Personal Loan with ease from the comfort of your home. AU Small Finance Bank user-friendly online platform, AU 0101, allows you to access and manage your loan account effortlessly.
- Debt consolidation: Streamline your finances by consolidating all your high-cost debts under a single umbrella with AU Small Finance Bank Personal Loan. Enjoy the benefit of a more affordable interest rate and simplify your repayment process.
- Pre-approved offers: As an existing customer, you may be eligible for pre-approved Personal Loan offers with a preferential interest rate. Skip the documentation hassle and enjoy quick loan disbursal.
- Royale Interest Rates: If you are a Royale customer, you can avail yourself of preferential processing fees and interest rates with AU Small Finance Bank.
Eligibility Criteria for AU Small Finance Bank Personal Loan
- Indian residency: You should be a resident of India.
- Age requirement: The minimum age at the time of loan application should be 23 years, and the maximum age at the time of loan maturity should be 60 years.
- Repayment tenure: You can avail of a Personal Loan with a minimum repayment tenure of twelve months and a maximum repayment duration of five years.
- Loan amount: You may apply for a Personal Loan amount of up to INR 10,00,000.
Documents Required for AU Small Finance Bank Personal Loan
AU Small Finance Bank believe in making the process of obtaining a Personal Loan hassle-free and simple. Therefore, the documentation required is minimal. To ensure faster disbursal of the loan, it’s recommended to have your Aadhaar card linked to your mobile number. Here are the documents generally required:
- Identity proof: Aadhaar card, PAN card, passport, voter ID, or driver’s license.
- Address proof: Aadhaar card, utility bills (electricity, water, gas), passport, or rental agreement.
- Income proof: Salary slips, bank statements, income tax returns, or Form 16.
- Employment proof: Employee ID card or appointment letter.
- Passport-sized photographs.
Interest Rate on AU Small Finance Bank Personal Loan
At AU Small Finance Bank, understand the importance of affordability when it comes to Personal Loans. That is why AU Bank offer competitive interest rates to ensure that your EMIs remain pocket-friendly. AU Small Finance Bank Personal Loan start from 9.75% p.a.
Fees and Charges of AU Small Finance Bank Personal Loan
- Processing fee: Up to 4% of the approved loan amount plus applicable taxes.
- No charges for administration and documentation.
- Stamping charges: As per the State’s Stamp Act.
- Overdue interest: 3% per month on the outstanding amount in case of late payment.
- Prepayment/foreclosure charges: If paid before 12 months from the last disbursement date: 5% of the balance amount at the time of closure.
- If paid after 12 months from the last disbursement date: 3% of the balance amount at the time of closure.
How to Apply for AU Small Finance Bank Personal Loan?
Applying for a Personal Loan with AU Small Finance Bank is a quick and straightforward process. AU Small Finance Bank aim to save you time and ensure a seamless experience. Here’s how you can apply:
- Login to AU 0101: Visit our official website and log in to AU 0101, our online banking platform.
- Go to ‘Apply Now’: Once logged in, navigate to the ‘Apply Now’ section.
- Click on Personal Loan: Select the option for Personal Loan from the available choices.
- Alternatively, you can choose to visit the nearest branch of AU Small Finance Bank. AU Small Finance Bank experienced and friendly staff will be there to assist you in completing the Personal Loan application formalities.
FAQ
Can I use the AU Small Finance Bank Personal Loan for any purpose?
Yes, AU Small Finance Bank Personal Loan can be used for various purposes such as education, home renovation, wedding expenses, travel, healthcare, debt consolidation, and more.
Do I need collateral or a guarantor to get a Personal Loan from AU Small Finance Bank?
No, AU Small Finance Bank Personal Loan products do not require collateral or a guarantor. The process is hassle-free and does not burden you with additional requirements.
Can existing customers avail of AU Small Finance Bank pre-approved Personal Loan offers?
Yes, existing customers may be eligible for AU Small Finance Bank pre-approved Personal Loan offers with a preferential interest rate. These offers are available without any additional documentation.
Is there a maximum limit on the loan amount?
You can apply for a AU Small Finance Bank Personal Loan amount of up to INR 10,00,000.
How can I manage my Personal Loan with AU Small Finance Bank?
You can conveniently manage your Personal Loan through AU 0101, AU Small Finance Bank online banking platform. Access your loan account, make payments, track your EMIs, and manage all aspects of your Personal Loan from the comfort of your home.
AU Small Finance Bank offers Personal Loans that can turn your dreams into reality. With attractive interest rates, minimal documentation requirements, and flexible repayment tenures, AU Small Finance Bank Personal Loan products are designed to cater to your immediate financial needs.
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