AU Small Finance Bank Home Loan Interest Rate

Last Updated : Jan. 23, 2025, 5:59 p.m.
Make your dream home a reality with a hassle-free AU Small Finance Bank Home Loan. Enjoy quick approvals, competitive home loan interest rate up to 22% p.a., a simplified process, and minimal paperwork. Whether you're looking to buy a flat, house, or bungalow from builders, Development Authorities, or in the resale market, they’ve got you covered. Experience a seamless journey towards homeownership with competitive and affordable AU Small Finance Bank Home Loan Interest Rates.
AU Small Finance Bank Home Loan Interest Rate February 2025
Here are some of the latest AU Bank Home Loan interest rates for 2025 :
Interest Rate | Up to 22% p.a. |
Processing Fee/ Administrative Charges | Up to 2% of the loan amount |
Home LoanTenure | Minimum: 1 Years Maximum: 30 years for Bank salaried 20 years for Cash Salaried/SEP/SENP |
Loan Amount | Minimum Rs.2,00,000 Maximum 5 crores |
Processing Fee | 2% of the Loan amount |
Features of AU Small Finance Bank Home Loan
Here are the features of the AU Small Bank Home Loan. Read the points below to know more about them -
- For all income profiles: AU Bank home loans are available to customers with both formal and informal income proofs, including those earning minimum wages and those with alternative documentation.
- Transparent process: Enjoy complete transparency with no hidden charges, what you see is what you get.
- Doorstep assistance: Their home loan experts provide personalized support right at your doorstep for a seamless experience.
- Wide accessibility: With an extensive network, our services are easily accessible across rural, semi-urban, and urban areas.
- Designed for your ideal property: They finance a wide range of properties, including those approved by Development Authorities, RERA-registered flats and houses, Municipal Corporations/Nagar Palikas, as well as Freehold, Leasehold, and Gram Panchayat properties.
AU Small Bank Home Loan Benefits
Here are some of the benefits of the AU Small Finance Bank Home loan -
- Extensive Branch Network: Their services are available at over 400 locations across India, ensuring easy access wherever you are.
- Tax Benefits on Home Loans: Enjoy tax savings under Sections 24, 80EE, and 80C of the Income Tax Act.
- Expert Legal and Technical Guidance: With support from experienced legal and technical professionals, along with a vast range of APF-approved projects, their skilled team helps you make informed property choices.
- Maximized Loan Eligibility: Get the highest loan eligibility to secure a comfortable and dream home for yourself and your family.
- Convenient Doorstep Services: AU Bank's dedicated team offers quick loan processing and disbursal, right at your doorstep, for a hassle-free experience.
Calculate EMIs Of AU Bank Home Loans at Different Interest Rates
The home loan EMI Calculator is the tool that helps you get the monthly EMI Amount of your home loan in the easiest possible ways, you just have to enter three things i.e. - Loan amount, tenure, and interest rate.
Understand this simple example, where the home loan amount is Rs. 30,00,000 for up to 30 years with say, the minimum interest rate of 10% p.a. to 22.00% p.a.
Tenure (In Years) | EMI (at 10% interest rate) | EMI (at 22.00% interest rate) |
---|---|---|
5 | ₹ 63,741.13 | ₹ 82,856.74 |
10 | ₹46,253 | ₹ 62,009.06 |
15 | ₹37,611 | ₹ 57,172.68 |
20 | ₹33,776 | ₹ 55,711.80 |
25 | ₹31,805 | ₹ 55,237.27 |
30 | ₹30,715 | ₹ 55,079.54 |
AU Bank Home Loan Documentation
The list of documents for the AU Small Finance Bank Home loan -
Purpose | Documents |
---|---|
Identity, age, and address proof | 1. Valid Passport 2. Voter ID Card 3. Aadhaar Card 4. PAN card 5. Valid Driving License Please contact the nearest AU Small Finance Bank branch for the list of acceptable KYC documents. |
Income proof | Salaried 1. Salary Slips/ Bank Statements/ Form-16 2. Salary Certificate (cash salaried cases) Self-Employed 1. Financial Statements of the last 3 years or IT Returns And/ Or 2. Informal Income Documents |
Other documents | 1. Application form with photograph duly signed 2. Processing fee cheque 3. Proof of business existence 4. Last 6 months bank statements |
Property related documents | 1. Copy of Allotment letter/Seller's Agreement 2. Receipt/s of payment made to builder/ developer |
AU Small Finance Bank Home Loan Eligibility Criteria
The AU Bank home Loan eligibility criteria contain some points, if you are the one seeking or wanting to apply for home loans do read the content below carefully to understand better -
- Residency: Must be an Indian resident.
- Age Limit: Minimum 18 years; maximum 70 years at the time of loan maturity.
- Loan Tenure: Ranges from a minimum of 1 year to a maximum of:
- 30 years for bank-salaried applicants.
- 20 years for cash-salaried, self-employed professionals (SEP), and self-employed non-professionals (SENP).
- Loan Amount: Starts from a minimum of ₹2,00,000
Other Charges of AU Small Finance Bank Home Loan
Here are some other fees on AU Bank Home Loan -
Particulars | Charges |
---|---|
Processing Fee/ Administrative Charges | Up to 2% of the loan amount |
Stamping Expenses | ₹100 (including GST) |
Overdue Interest | 3% per month on outstanding amount |
Legal & Courier Charges | ₹1100 |
Collection Charges | ₹600 per visit |
Cheque/SI/ACH/ECS Return charges | ₹500 |
Foreclosure statement charge | ₹500 |
Duplicate Copy of Property/ Loan Document | ₹1000 |
ERSAI Charges | ₹ 100 + GST |
Conclusion
AU Small Finance Bank home loan interest rates cater wide range of customers, including salaried and self-employed individuals. The bank provides attractive rates with flexible repayment options, ensuring affordability and ease of borrowing. Interest rates may vary based on factors such as the applicant's profile, loan amount, tenure, and property type. With transparent terms and no hidden charges, AU Bank strives to make homeownership accessible with customized financial solutions.
Frequently Asked Questions (FAQs)
What is the interest rate for a home loan under AU Small Finance Bank?
How to apply for AU Bank Home Loans?
What are the methods of Re-payment for a Home Loan?
What are the documents that are required for an AU Bank Home Loan application?
Does AU Small Finance Bank provide fixed or floating interest rates?
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