Au Financiers Business Loan – Interest Rate & EMI

Business Loan

Business Loan

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    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

    ParticularsDetails
    Interest RatesCustomized
    Loan AmountStarting from Rs. 50,000
    Tenure3 years – 5 years
    Repayment OptionThrough EMIs
    Type of LoanSecured

    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. 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 .

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    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 AmountLoan TenureInterest RateEMITotal Interest OutgoTotal Amount (EMI+Interest)
    Rs. 10,00,0001 year20% p.aRs. 92,635

    Rs. 1,11,614

    Rs. 11,11,614
    Rs. 10,00,0002 years20% p.aRs. 50,896Rs. 2,21,499Rs. 12,21,499
    Rs. 10,00,0003 years20% p.aRs. 37,164Rs. 3,37,889
    Rs. 13,37,889
    Rs. 10,00,0004 years20% p.aRs. 30,430Rs. 4,60,657Rs. 14,60,657

    Amortization Table

    YearPrincipal PaymentInterest OutgoBalance Amount
    1Rs. 181,173Rs. 183,987Rs. 818,827
    2Rs. 220,922Rs. 144,238Rs. 597,905
    3Rs. 269,389Rs. 95,771Rs. 328,516
    4Rs. 329,015Rs. 36,669Rs. 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 :

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    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
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