Au Financiers Business Loan
Last Updated : May 28, 2021, 9:13 p.m.
The Au Financiers Limited supports the SMEs by providing the business loan to meet the rising business needs. The loan is provided to facilitate the business functions like purchasing of machinery, expansion, up gradation and working capital requirement. The loan is available for the amount starting from Rs. 50,000 and for the tenure lasting up to 5 years. The credit facility is available for the eligible candidates who are earning a regular income and have sufficient funds to repay the loan. The basic details of the loan are given below :
Au Financiers Business Loan Details
| Particulars | Details |
|---|---|
| Interest Rates | Customized |
| Loan Amount | Starting from Rs. 50,000 |
| Tenure | 3 years – 5 years |
| Repayment Option | Through EMIs |
| Type of Loan | Secured |
How To Apply
To apply for the business loan you can opt for any of the following ways :
- Visit the nearest Au Financiers Limited branch
- Call on the customer care number
- SMS “ AUF” to 56677
- Apply online
Au Financiers Business Loan EMI Calculator
EMI is the monthly installment amount the borrower has to pay to the lending party for the fixed period of time to terminate his loan. This amount is a combination of the principal and the interest. This amount can be computed using the EMI calculator. Business Loan EMI Calculator is a device that helps in making the calculation quick and easy. It gives the error free result at the earliest. The user has to place the amount of loan, the tenure of the loan and the rate of interest in the calculator to get the accurate results .
For Example, if the borrower takes the loan of Rs. 10,00,000 for the tenure of 4 years at the prevailing rate of interest then the EMI computed will be Rs. 30,430 . The total repayment amount will be Rs.14,60,657.
Table Showing EMI, Total Interest Amount and Total Amount
| Loan Amount | Loan Tenure | Interest Rate | EMI | Total Interest Outgo | Total Amount (EMI+Interest) |
|---|---|---|---|---|---|
| Rs. 10,00,000 | 1 year | 20% p.a |
Rs. 92,635
|
Rs. 1,11,614
|
Rs. 11,11,614 |
| Rs. 10,00,000 | 2 years | 20% p.a | Rs. 50,896 | Rs. 2,21,499 | Rs. 12,21,499 |
| Rs. 10,00,000 | 3 years | 20% p.a | Rs. 37,164 |
Rs. 3,37,889
|
Rs. 13,37,889 |
| Rs. 10,00,000 | 4 years | 20% p.a | Rs. 30,430 | Rs. 4,60,657 | Rs. 14,60,657 |
Amortization Table
| Year | Principal Payment | Interest Outgo | Balance Amount |
|---|---|---|---|
| 1 | Rs. 181,173 | Rs. 183,987 | Rs. 818,827 |
| 2 | Rs. 220,922 | Rs. 144,238 | Rs. 597,905 |
| 3 | Rs. 269,389 | Rs. 95,771 | Rs. 328,516 |
| 4 | Rs. 329,015 | Rs. 36,669 | Rs. 0 |
Features and benefits :
- Complete transparency in charges and process
- Fast processing and quick disbursement
- Benefit of doorstep service
- Flexible repayment options
Au Financiers Business Loan Eligibility Criteria:
The candidates running small businesses or engaged in other income generating activities can apply for the business loan.
Au Financiers Business Loan Online Application Form
The interested candidates can apply for the business loan online by filling the application form available at the official website of Au Financiers. The following fields are to be necessarily filled in order to submit the application :
- Type of loan
- Name of applicant
- Date of birth
- Age
- Email address
- Contact number
- Residential address
- Employment details
Documents Required
The candidates are required to submit the KYC and financial documents to avail the loan. Below is the list of documents required :
List Of KYC Documents :
- PAN Card
- Driving License
- Passport
- Voter ID
- Aadhar Card
|
Category
|
List of Documents |
|---|---|
| Self-Employed Individuals / Sole Proprietorships |
- Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet |
| For Self-Employed Professionals |
- Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet - Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.) |
| For Partnership Firms / Private Limited Companies |
- Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet - Partnership Deed and partnership authority letter for partnership firms - Memorandum and Articles of Association and Board Resolution from the company - Certificate of Incorporation (COI) for companies - Latest shareholding patterns for Private Ltd. / Public Ltd. companies |
Au Financiers Limited Customer Care
To resolve your queries and doubts or to apply for the loan call on the customer care numbers. You can speak to the executives on the following numbers :
- Toll – Free number : 1800 2666 677
- Telephone Number – 9001111333 / 9001111385